NOCERA Amends 10-K, Clarifies Segment Reporting for 2024
Ticker: NCRA · Form: 10-K/A · Filed: Jun 4, 2025 · CIK: 1756180
| Field | Detail |
|---|---|
| Company | Nocera, Inc. (NCRA) |
| Form Type | 10-K/A |
| Filed Date | Jun 4, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K/A, Segment Reporting, Financial Restatement, NOCERA INC, SEC Filing, Agriculture, Livestock
Related Tickers: NCRA
TL;DR
NOCERA's 10-K/A restatement for 2024 segment reporting is a positive step towards transparency, but the lack of specific financial figures in this excerpt means investors should await the full amended report to assess true impact.
AI Summary
NOCERA, INC. (NCRA) filed a 10-K/A on June 4, 2025, primarily to restate Note 25, Segment Reporting, for the fiscal year ended December 31, 2024. This amendment clarifies the company's operational segments and financial performance attribution, which is crucial for understanding its revenue streams and profitability. While specific revenue and net income figures are not detailed in the provided excerpt, the restatement indicates a refinement in how these figures are presented across different business units. The company operates in the Agriculture Production - Livestock & Animal Specialties sector, suggesting its strategic outlook involves optimizing performance within these segments. Key business changes likely involve a more precise allocation of resources and clearer performance metrics for each segment. Risks associated with this restatement could include potential investor confusion if the original reporting significantly mischaracterized segment performance, though the amendment aims to rectify this. The strategic outlook remains focused on its core agricultural operations, with improved transparency in financial reporting.
Why It Matters
This 10-K/A filing by NOCERA, INC. matters because it provides a clearer picture of the company's financial performance across its various segments for the fiscal year 2024. For investors, accurate segment reporting is vital for assessing which parts of the business are driving growth or facing challenges, enabling more informed investment decisions. Employees and customers benefit from a more transparent company, potentially leading to better strategic alignment and trust. In a competitive market like Agriculture Production - Livestock & Animal Specialties, precise financial reporting can highlight competitive advantages or areas needing improvement, influencing market perception and stakeholder confidence.
Risk Assessment
Risk Level: low — The risk level is low because the 10-K/A specifically states it is a "Restatement of Note 25, Segment Reporting." This indicates a clarification or correction of existing financial disclosures rather than a fundamental change in financial results or a new material adverse event. The amendment aims to improve transparency, which generally reduces risk for investors by providing more accurate information.
Analyst Insight
Investors should review the full amended 10-K/A to understand the specific changes in Note 25, Segment Reporting, and how these changes impact the perceived performance of NOCERA's individual business units. This information is crucial for re-evaluating the company's operational efficiency and profitability drivers within the Agriculture Production - Livestock & Animal Specialties sector.
Key Numbers
- 2024-12-31 — Fiscal Year End (The period for which segment reporting is being restated.)
- Note 25 — Restated Section (The specific note in the 10-K that addresses segment reporting.)
Key Players & Entities
- NOCERA, INC. (company) — Filer of the 10-K/A
- SEC (regulator) — Recipient of the 10-K/A filing
- Bloomberg (company) — Financial news organization
- 2025-06-04 (date) — Filing date of the 10-K/A
- 2024-12-31 (date) — Conformed period of report end date
- Note 25 (document_section) — Specific section of the 10-K being restated
- Atlanta, GA (location) — Business address of NOCERA, INC.
- Nevada (location) — State of incorporation for NOCERA, INC.
- 001-41434 (regulator) — SEC file number for NOCERA, INC.
- Agriculture Production - Livestock & Animal Specialties (industry) — Standard Industrial Classification of NOCERA, INC.
FAQ
What is the primary purpose of NOCERA, INC.'s 10-K/A filing?
The primary purpose of NOCERA, INC.'s 10-K/A filing on June 4, 2025, is to restate Note 25, Segment Reporting, for the fiscal year ended December 31, 2024, to provide clearer financial disclosures regarding its operational segments.
Which fiscal year does NOCERA's 10-K/A filing pertain to?
NOCERA, INC.'s 10-K/A filing pertains to the fiscal year ended December 31, 2024, specifically amending the segment reporting for that period.
What specific section of the 10-K is being amended by NOCERA?
NOCERA, INC. is specifically amending Note 25, which covers Segment Reporting, in its 10-K filing for the fiscal year 2024.
How does this 10-K/A impact investors in NOCERA, INC.?
This 10-K/A impacts investors by providing more accurate and transparent segment reporting, which is crucial for evaluating the performance and profitability of NOCERA, INC.'s different business units and making informed investment decisions.
What industry does NOCERA, INC. operate in?
NOCERA, INC. operates in the Agriculture Production - Livestock & Animal Specialties industry, as indicated by its Standard Industrial Classification code 0200.
When was NOCERA, INC.'s 10-K/A filed with the SEC?
NOCERA, INC.'s 10-K/A was filed with the SEC on June 4, 2025, with an accession number of 0001683168-25-004230.
What is the significance of restating segment reporting for NOCERA?
Restating segment reporting for NOCERA, INC. is significant because it improves the clarity and accuracy of how the company's revenues, expenses, and profits are attributed to its various operational segments, offering a more precise view of its business performance.
Where is NOCERA, INC. incorporated?
NOCERA, INC. is incorporated in the state of Nevada, as stated in its filing information.
What is NOCERA, INC.'s business address?
NOCERA, INC.'s business address is 2030 Powers Ferry Rd., SE, Suite 212, Atlanta, GA 30339, with a business phone of (404) 816-8240.
Does this 10-K/A indicate a major financial problem for NOCERA, INC.?
This 10-K/A, focused solely on restating Note 25, Segment Reporting, does not inherently indicate a major financial problem for NOCERA, INC.; rather, it suggests an effort to enhance the accuracy and transparency of its financial disclosures.
Industry Context
NOCERA, INC. operates within the Agriculture Production - Livestock & Animal Specialties sector. This industry is characterized by cyclical demand, commodity price volatility, and increasing regulatory scrutiny regarding animal welfare and environmental impact. Companies in this sector often face challenges related to disease outbreaks, feed costs, and competition from both domestic and international producers.
Regulatory Implications
The restatement of segment reporting could be influenced by evolving accounting standards or regulatory guidance on how to present segment performance. Investors will monitor if these changes lead to greater transparency or if they signal underlying issues in how the company previously managed or reported segment profitability.
What Investors Should Do
- Review Restated Note 25
- Analyze Segment Performance
Key Dates
- 2025-06-04: 10-K/A Filing — The company filed an amended 10-K, primarily to restate Note 25 regarding Segment Reporting for the fiscal year ended December 31, 2024.
- 2024-12-31: Fiscal Year End — This is the period for which the segment reporting in Note 25 has been restated.
Glossary
- 10-K/A
- An amended annual report filed with the SEC, used to correct or supplement information previously filed in a 10-K. (Indicates that NOCERA, INC. is providing updated or corrected financial information, specifically concerning its segment reporting.)
- Segment Reporting
- A requirement for public companies to disclose financial information about their different business segments, helping investors understand performance across various operations. (The restatement of Note 25 on Segment Reporting suggests a refinement in how NOCERA, INC. allocates and reports financial performance across its business units.)
- Agriculture Production - Livestock & Animal Specialties
- The industry classification for companies involved in raising livestock and producing animal-related specialties. (Defines NOCERA, INC.'s core business sector, providing context for its operational focus and market dynamics.)
Year-Over-Year Comparison
This filing is an amendment (10-K/A) to the original 10-K, specifically restating Note 25 concerning segment reporting for the fiscal year ended December 31, 2024. Therefore, a direct comparison of key financial metrics like revenue growth or margin changes to the previous year is not possible based solely on this amendment. The primary focus is on improving the clarity and accuracy of segment performance disclosure.
Filing Details
This Form 10-K/A (Form 10-K/A) was filed with the SEC on June 4, 2025 regarding NOCERA, INC. (NCRA).