Elvictor Group, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 23, 2020 at 12:18 pm EST
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Elvictor Group, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 15,119. Operating loss was USD 68,214 compared to USD 18,834 a year ago. Net loss was USD 68,214 compared to USD 18,834 a year ago. For the nine months, total revenue was USD 15,119 compared to USD 473 a year ago. Operating loss was USD 304,235 compared to USD 61,551 a year ago. Net loss was USD 304,235 compared to USD 61,551 a year ago.
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.