Filing Flows › Nocera (NCRA) › Q1 2026
Nocera (NCRA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Nocera (NCRA) reported revenue of $2.3M for the first quarter 2026 (Q1 2026), -50% from a year earlier and +147% from the quarter before. Operating margin was -25.3%, net loss $1.3M (55.9% of revenue).
Nocera, Q1 2026: revenue $2.3M (-50% year over year), operating margin -25.3%, net loss $1.3M, operating cash flow −$583K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3M | +147% | -50% |
| Operating profit | −$577K | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | −$583K | — | — |
What changed
Revenue was $2.3M in Q1 2026, down 50% year over year and up 147% from the previous quarter. Fish Trading was the largest line at 98% of revenue. Fish Trading lost $695K year over year (down 24%), 31% of the total change.
Gross margin was 1.8%, up 0.7 points from Q1 2025. Operating costs exceeded revenue by $577K, an operating margin of -25.3%. Operating expenses grew 85% against a revenue fall of 50%. The quarter ended with a net loss of $1.3M, wider than the previous quarter's $651K loss. Net interest and other expense of $697K was the main reason.
Operating cash flow was −$583K. Non-cash charges added back $4K of depreciation and amortization and $60K of share-based compensation. Working capital and other items added $627K.
Questions
What was Nocera's revenue in the first quarter 2026?
Nocera (NCRA) reported revenue of $2.3M for the first quarter 2026 (Q1 2026), -50% from a year earlier and +147% from the quarter before.
Was Nocera profitable in the first quarter 2026?
Operating loss was $577K (-25.3% of revenue) and net loss $1.3M.
Source: Nocera 10-Q on SEC EDGAR.