Watch for Nocera's iFP supplier registration status and any subsequent 8-K disclosing signed purchase contracts. Without those, this agreement has zero revenue visibility. The press release's AI distribution narrative is aspirational — Phase 2 and Phase 3 are explicitly stated as objectives with no current agreements or products.
Price Chart
Executive Summary
Nocera entered into a non-binding framework distribution agreement with E-PRO Display to act as a non-exclusive worldwide distributor of pre-owned iPhone 17 Pro and iPhone 17 Pro Max handsets under iFP's buy-back/trade-in program. The agreement carries no minimum purchase commitments, no guaranteed revenue or margin for Nocera, and Nocera's supplier registration with iFP remains incomplete. The $520.5 million allocation figure is E-PRO's, not Nocera's, and actual volumes depend on separate purchase contracts that either party may decline.
Key Facts
- Nocera appointed non-exclusive worldwide distributor for pre-owned iPhone 17 Pro and iPhone 17 Pro Max handsets under iFP's buy-back/trade-in program
- iFP allocated ~600,000 handsets (~$520.5 million aggregate value) to E-PRO — this is E-PRO's allocation, not Nocera's revenue, orders, or backlog
- Agreement is a framework with zero minimum quantity, amount, or term commitment; each purchase requires a separate written contract
- Either party may decline any tranche without liability; Nocera's iFP supplier registration is in progress and not yet completed
- Neither party provides any warranty on condition, grade, specification, functionality, lock status, or value of the pre-owned goods
- Shipments expected in tranches from late September through November 2026 from iFP's Texas facilities
- Initial term of 12 months; either party may terminate on 30 days' notice without liability
Financial Impact
No revenue, margin, or profitability guaranteed to Nocera. The $520.5 million allocation is E-PRO's and not a commitment of Nocera. Any financial impact depends entirely on future purchase contracts that have not been signed and may never be signed.
Risk Factors
- iFP supplier registration may not be completed, preventing Nocera from receiving any shipments
- No minimum purchase commitment — Nocera may transact zero volume under this agreement
- Pre-owned handset condition and market value are entirely unguaranteed by either party
- Either party can terminate on 30 days' notice without liability, making the relationship fragile
- The $520.5 million figure is E-PRO's allocation from iFP, not Nocera's — investors may misinterpret this as Nocera revenue
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-007304 |
| Document: nocera_8k.htm | 0001683168-26-007304 |
| Document: nocera_ex9901.htm | 0001683168-26-007304 |
| Document: 0001683168-26-007304-index-headers.html | 0001683168-26-007304 |
| Document: 0001683168-26-007304-index.html | 0001683168-26-007304 |
| Document: 0001683168-26-007304.txt | 0001683168-26-007304 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | 10-Q/A | $1.64 $1.78 | ▼ −8.54% | ▼ −8.11% | $1.42 (+13.41%) |
Sep 23, 2026 4w ago | Press Release | $1.84 $1.80 | ▼ −2.17% | ▼ −1.50% | $1.42 (−22.83%) |
Sep 23, 2026 4w ago | 8-K | $1.84 $1.80 | ▼ −2.17% | ▼ −1.50% | $1.42 (−22.83%) |
Aug 28, 2026 8w ago | 10-K/A / 10-Q/A | $2.83 $1.75 | ▲ +38.16% | ▲ +38.02% | $1.42 (+49.82%) |
Aug 28, 2026 8w ago | 10-Q/A | $2.83 $1.75 | ▲ +38.16% | ▲ +38.02% | $1.42 (+49.82%) |
Aug 19, 2026 9w ago | 8-K | $1.97 $1.75 | ▲ +11.17% | ▲ +12.28% | $1.42 (+27.92%) |
Aug 17, 2026 10w ago | 8-K | $2.10 $1.74 | ▲ +17.14% | ▲ +16.94% | $1.42 (+32.38%) |
Aug 13, 2026 10w ago | 8-K | $2.31 $1.91 | ▼ −17.32% | ▼ −15.95% | $1.42 (−38.53%) |
Jul 8, 2026 15w ago | 8-K | $1.64 $1.44 | ▼ −12.20% | ▼ −12.06% | $1.42 (−13.41%) |
Jun 16, 2026 18w ago | Press Release | $0.1200 $0.0920 | ▼ −23.33% | ▼ −21.06% | $1.42 (+1083.33%) |
US Market Status
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