Elvictor Group Q3 revenue up 8.9% YoY, gross profit surges 50.8%, net loss narrows 21.1%

Elvictor Group, Inc.

2022-Q3 EPS reported $0.00 revenue$1,878,002

Revenue $662,647 (+8.9% YoY); gross profit $535,391 (+50.8%).
Net loss $54,273, improved from $68,812 in Q3 2021 (21.1% decrease).
Working capital surplus $407,147 as of Sep 30, 2022, up 9.5% YoY.
Growth driven by crew management client increase and reduced outsourcing.
CEO outlines strategy to expand into ship ownership and acquisitions.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Elvictor Group, Inc. reported the three months ended September 30, 2022 results: revenue $662,647, net income ($54,273).

Period: the three months ended September 30, 2022
Revenue: $662,647
Net income: ($54,273)
Result: reported results

Exact text from the filing

Total revenues increased by $54,033, or 8.9%, to $662,647 for the three months ended September 30, 2022, compared to $608,614 for the same period ended September 30, 2021 while gross profit increased by $180,333, or 50.8%, to $535,391 for the third quarter of 2022 from $355,058 for the third quarter of 2021 driven by an increase in crew management clients and the reduced outsourcing of services in certain business areas. The Company reported a net loss for the three months ended September 30, 2022 of $54,273

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Source: SEC EDGAR

accession 0001213900-22-073327

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