NCRA - Nocera Inc. Clocks Sales Revenue of Over $3 Million In October 2022 Alone Expects Annualized Run Rate of $36 Million Over the Next 12 Months
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Nocera, Inc. (NASDAQ: NCRA) earlierannounced that the Company achieved sales of revenue over $3 millionfor the month of October.
Prior to October 2022, Nocera's focus for itsproducts was the Taiwanese domestic market. Nocera took the advantageof the recent depreciation of the Japanese Yen to sell eel toTaiwanese exporters at a better price point to enter the Japanesemarket.
JeffCheng, Nocera's CEO, commented, "We anticipate thisbreakthrough into the Japanese Market through Taiwanese exporters of$3 million monthly revenue for October will continue through Novemberand December of 2022. We expect this sales revenue to be reoccurringand continue through 2023. We believe we are on target to achieve our2022 gross revenue of $14-$15 million. The depreciation of theJapanese Yen gives us a significant advantage as we can provide thebest seafood at the best price point against our othercompetitor."
Nocera, Inc. is an engineering, procurement,and construction (EPC) company that designs, builds, and installsequipment for the fish farming industry, as well as provides technicalassistance to fish farm operations. Our Recirculating AquacultureSystems (“RAS”) help preserve the environment by reducingpollution from over concentration of fish as often occurs in fishfarms based in natural inland waterways or bodies. Nocera’s RAStanks can produce 20,000 – 30,000 lbs. of fishannually.
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