Revenue: As of FY2026 Q1, the actual value is USD 2.278 M.EPS: As of FY2026 Q1, the actual value is USD -0.0865.EBIT: As of FY2026 Q1, the actual value is USD -397.85 K.<h4>Segment Revenue and Profitability</h4>For the three months ended March 31, 2026: Fish Trading Segment Revenue: $2,240,236 Cost of Revenue: - $2,235,798 Gross Profit: $4,438 General and Administrative Expenses: - $546,763 Segment Operating Loss: - $542,325 E-Commerce Segment Revenue: $37,548 Cost of Revenue: - $6 Gross Profit: $37,542 General and Administrative Expenses: - $12,445 Segment Operating Profit: $25,097 Total Consolidated Net Sales: $2,277,784, a decrease from $4,534,128 in the prior year. Cost of Sales: - $2,235,804 Gross Profit: $41,980, down from $50,950 in the prior year. Total Operating Expenses: Increased to - $619,062 from - $334,372. General and Administrative Expenses: - $559,208, up from - $334,372. Share-based Compensation: - $59,854 Other Expenses, net: - $696,659 compared to other income of $25,804 in the prior year. Net Loss before Income Taxes: - $1,273,741, significantly higher than - $257,618 in the prior year. Net Loss Attributable to Nocera Shareholders: - $1,273,741For the three months ended March 31, 2025: Fish Trading Segment Revenue: $2,935,444 Cost of Revenue: - $2,929,553 Gross Profit: $5,891 General and Administrative Expenses: - $257,728 Segment Operating Loss: - $251,837 E-Commerce Segment Revenue: $40,347 Cost of Revenue: - $14,212 Gross Profit: $26,134 General and Administrative Expenses: - $19,863 Segment Operating Profit: $6,271<h4>Cash Flow</h4><ul><li>Net Cash Used in Operating Activities: - $583,026 for the three months ended March 31, 2026, compared to - $113,305 for the same period in 2025, primarily due to a net loss of approximately - $879,000 adjusted for non-cash items.</li><li>Net Cash Used in Investing Activities: - $2,000,000 for the three months ended March 31, 2026, mainly due to an investment in Bitcoin, contrasting with $429 provided by investing activities in the prior year.</li><li>Net Cash Used in Financing Activities: - $2,183 for the three months ended March 31, 2026, from lease liability payments, compared to $150,000 provided by financing activities in 2025 from common stock issuance.</li><li>Net Decrease in Cash and Cash Equivalents: - $2,585,113 for the three months ended March 31, 2026, resulting in cash and cash equivalents of $5,367,067 at period-end.</li></ul><h4>Unique Metrics and Strategic Initiatives</h4><ul><li>Digital Assets: As of March 31, 2026, Nocera, Inc. held 23.53 units of Bitcoin with a cost basis of $68,235, and a fair value of $1,605,413 after an unrealized loss of - $394,587. The company invested $2.0 million in Bitcoin in January 2026.</li><li>Equity Method Investments: Nocera, Inc. recognized a loss of - $148,636 from its 35% equity interest in Tachyonext Inc., with a carrying value of $351,364. The company also acquired a 35% equity interest in LONGWOOL for $400,000, with a carrying value of $400,000 as of March 31, 2026.</li><li>Convertible Note: Nocera, Inc. issued an $8,000,000 senior secured convertible note for a purchase price of $7,280,000 in November 2025, bearing 9.0% interest per annum. Its fair value was $7,205,666 at period-end, after a - $144,290 change in fair value.</li><li>Warrant Liability: The fair value of IPO Warrants decreased by - $25,859 to - $0 by March 31, 2026.</li></ul><h4>Future Outlook and Strategy</h4>Nocera, Inc. faces substantial doubt about its ability to continue as a going concern due to accumulated losses and net cash used in operations. Management plans to seek additional capital through equity and debt financing, implement cost control measures, and expand revenue-generating activities through new business opportunities. The company is actively discussing with potential investors but there is no assurance of successful funding or achieving business objectives, and it is evaluating options to regain Nasdaq compliance.

Nocera | 10-Q: FY2026 Q1 Revenue: USD 2.278 M