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Nocera, Inc. (NASDAQ:NCRA) Could Be Less Than A Year Away From Profitability

Nocera, Inc. (NASDAQ:NCRA) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Nocera, Inc., together with its subsidiaries, designs, develops, and produces land-based recirculation aquaculture systems for fish farming in Taiwan. The company’s loss has recently broadened since it announced a US$9.6m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$10m, moving it further away from breakeven. As path to profitability is the topic on Nocera's investors mind, we've decided to gauge market sentiment. Below we will provide a high-level summary of the industry analysts’ expectations for the company.

Expectations from some of the American Machinery analysts is that Nocera is on the verge of breakeven. They expect the company to post a final loss in 2021, before turning a profit of US$900k in 2022. The company is therefore projected to breakeven around a year from now or less! At what rate will the company have to grow in order to realise the consensus estimates forecasting breakeven in under 12 months? Using a line of best fit, we calculated an average annual growth rate of 105%, which is extremely buoyant. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict.


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