Elvictor Group reports Q3 revenue surge to $608K, outlines growth strategy including M&A and ship management expansion

Elvictor Group, Inc.

Q3 2021 revenue $608,614 (+3,925.5% YoY); gross profit $355,058 (+2,248.4% YoY); net loss $68,812.
Company plans expansion through M&A in new geographies and selective ship asset acquisitions to showcase cloud cost efficiencies.
Ultra Ship Management received DNV-approved Interim Document of Compliance for ship management services.
2021E revenue target $2.48M and EBITDA $210K per presentation materials.
Cash $538,530 as of Sept 30, 2021 (+56.6% from Dec 2020); working capital $456,017.

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