📊 NCRA Key Takeaways
Is NCRA a Good Investment? Thesis Analysis
Nocera is a cash-burning operation with severe profitability challenges. While the company maintains a strong balance sheet with minimal debt, it generates only 1.3% gross margins and is unable to achieve operating profitability, losing $1.1M in operating cash flow despite $10.1M in revenue. At the current burn rate, the balance sheet strength provides limited runway before liquidity becomes critical.
Why Buy NCRA? Key Strengths
- Minimal leverage (0.01x debt-to-equity) with only $24.7K long-term debt
- Adequate liquidity position with 2.47x current ratio and $2.0M cash on hand
- Conservative capital structure provides financial flexibility for restructuring
NCRA Investment Risks to Consider
- Critically low gross margin of 1.3% indicates fundamental operational inefficiency or uncompetitive pricing
- Severe negative cash flow (-$1.1M operating cash flow) indicating the core business is not generating cash
- Persistent profitability challenges with negative net income (-$2.2M) and negative ROE (-46%) and ROA (-37.8%)
- Cash runway of approximately 1.8 years at current burn rate with no clear path to profitability
- Negative operating margin (-12.9%) suggests structural business model problems, not temporary headwinds
Key Metrics to Watch
- Gross margin expansion - must improve significantly above 1.3% to achieve viability
- Operating cash flow trajectory - critical to reverse the -$1.1M burn
- Cash position trend - monitor depletion rate given negative cash generation
- Revenue quality and customer concentration - assess if $10.1M revenue is sustainable
NCRA Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 2.47x current ratio provides a solid financial cushion.
NCRA Profitability Ratios
NCRA vs Default Sector
How NOCERA, INC. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is NCRA Overvalued or Undervalued?
Based on fundamental analysis, NOCERA, INC. has mixed fundamental signals relative to the Default sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
NCRA Balance Sheet & Liquidity
NCRA 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: NOCERA, INC.'s revenue has grown significantly by 1,944% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.42 indicates the company is currently unprofitable.
NCRA Growth Metrics (YoY)
NCRA Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2025 | $4.5M | -$248.0K | $-0.02 |
| Q3 2024 | $1.4M | -$264.1K | $-0.02 |
| Q2 2024 | $5.3M | -$311.4K | $-0.03 |
| Q1 2024 | $3.8M | -$486.4K | $-0.04 |
| Q1 2023 | $2.9M | -$805.7K | $-0.11 |
| Q3 2022 | $18.4K | -$275.1K | $-0.04 |
| Q2 2022 | $1.3M | $49.5K | $-0.02 |
| Q1 2022 | $1.6M | $49.5K | $0.00 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
NCRA Capital Allocation
NCRA SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for NOCERA, INC. (CIK: 0001756180)
📋 Recent SEC Filings
❓ Frequently Asked Questions about NCRA
What is the AI rating for NCRA?
NOCERA, INC. (NCRA) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.
What are NCRA's key strengths?
Claude: Minimal leverage (0.01x debt-to-equity) with only $24.7K long-term debt. Adequate liquidity position with 2.47x current ratio and $2.0M cash on hand.
What are the risks of investing in NCRA?
Claude: Critically low gross margin of 1.3% indicates fundamental operational inefficiency or uncompetitive pricing. Severe negative cash flow (-$1.1M operating cash flow) indicating the core business is not generating cash.
What is NCRA's revenue and growth?
NOCERA, INC. reported revenue of $10.1M.
Does NCRA pay dividends?
NOCERA, INC. does not currently pay dividends.
Where can I find NCRA SEC filings?
Official SEC filings for NOCERA, INC. (CIK: 0001756180) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is NCRA's EPS?
NOCERA, INC. has a diluted EPS of $-0.16.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is NCRA a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, NOCERA, INC. has a STRONG SELL rating with 95% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is NCRA stock overvalued or undervalued?
Valuation metrics for NCRA: ROE of -46.0% (sector avg: 15%), net margin of -22.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy NCRA stock in 2026?
Our dual AI analysis gives NOCERA, INC. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is NCRA's free cash flow?
NOCERA, INC.'s operating cash flow is $-1.1M, with capital expenditures of $0.0. FCF margin is -11.1%.
How does NCRA compare to other Default stocks?
Vs Default sector averages: Net margin -22.2% (avg: 12%), ROE -46.0% (avg: 15%), current ratio 2.47 (avg: 1.8).