Elvictor Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 04:16 pm EST
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Elvictor Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.608614 million compared to USD 0.015119 million a year ago. Revenue was USD 0.608614 million compared to USD 0.015119 million a year ago. Net loss was USD 0.068812 million compared to USD 0.068214 million a year ago.
For the nine months, sales was USD 1.78 million compared to USD 0.015119 million a year ago. Revenue was USD 1.78 million compared to USD 0.015119 million a year ago. Net loss was USD 43.11 million compared to USD 0.304235 million a year ago. Basic loss per share from continuing operations was USD 0.16.
Elvictor Group, Inc. is a technology driven crew management company. The Company is focused on developing, deploying, and converging technologies that enhances vessel and crew management performance. Crewing and Crew Management Services provide services that cover all the types of crew management activities. These activities include the sourcing and preliminary screening of seafarers, the matching of crew members with ship owning companies, and submission of employment proposals to them. Ship Management Services include the technical and financial fleet management, the crew management and procurement process, as well as compliance with quality and safety standards. The crew management services include licensing, developing, and acquiring various technologies, platforms, and other artificial intelligence and data intelligence applications. The crew management cloud ecosystem includes SEATRIX, which is a software specializing in developing custom cloud maritime applications.