NCRA - Nocera announces financial model with path to $100M in revenue
- Nocera ( NASDAQ: NCRA ) provides additional clarity on its path to 100M in revenues through its innovative fish farm recirculating system.
- The company plans to open 10 major fish farms in the US. Each with the capacity to launch 500 Nocera RAS tanks each with a maximum capacity of 100 '000 lbs of catfish a year.
- At maximum capacity an entire farm would yield 50m lbs of fish a year.
- 50M pounds of fish sold through existing processor relationships would net the company $100M in top line revenue and with current economics upwards of $60M in profit.
- A Nocera fish farm operating at maximum capacity would only account for 8.3% of the current US market.
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Nocera announces financial model with path to $100M in revenue