Elvictor Group, Inc. (ELVG)
Elvictor Group, Inc., through its subsidiary, offers comprehensive crew management solutions to the global maritime industry. Its operations include the recruitment and oversight of seafarers, specialized training programs, and the development of proprietary software designed for vessel and personnel administration. The company, which was established in 1977 and is based in Limassol, Cyprus, adopted its current name, Elvictor Group, Inc., in December 2019, having previously operated as Thenablers, Inc.
Sector: Services-Management Consulting Services
Industry: Specialty Business Services
Elvictor Group, Inc.
OTC:ELVGIndustrials · Specialty Business Services
Mkt Cap-
Float80K
O/S-
Inst Own-
SI0.3%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.43M
Net Income-$176K
Total Assets$2.03M
Free Cash Flow$390K
Debt & Equity
Debt 40%
Equity 60%
Total Debt$237K
Total Equity$357K
Shares Outstanding
Short Interest
Split History3 splits · 2 reverse
2-year cumulative
1:250,000Over cap
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:500Reverse splitApr 14, 2026500 shares → 1
- 1:500Reverse splitMar 17, 2026500 shares → 1
- 4:1Forward splitDec 15, 20201 share → 4
Balance Sheet Details
Assets$2.03M
Liabilities$1.68M
Accounts Receivable$431K
Accounts Payable$426K
Inventory$0
PP&E (Net)$251K
Goodwill$0
Intangible Assets$61K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $2.43M | $2.42M | $2.36M | $2.48M | $2.39M | $467K | $473 | $4K | $0 |
| YoY Growth | 0.3% | 2.5% | -4.6% | 3.7% | 411.6% | 98540.2% | -87.6% | - | - |
| Cost of Revenue | $623K | $486K | $493K | $500K | $1.02M | $369K | $0 | $0 | $0 |
| Gross Profit | $1.81M | $1.87M | $1.87M | $1.98M | $1.37M | $98K | $473 | $4K | $0 |
| Gross Margin | 74.4% | 77.2% | 79.1% | 79.8% | 57.3% | 20.9% | 100.0% | 100.0% | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $639K | $506K | $2.09M | $2.24M | $1.42M | $458K | $105K | $89K | $86K |
| Other | $1.38M | $1.19M | $53K | $48K | -$37K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $2.01M | $1.69M | $2.14M | $2.28M | $1.38M | $458K | $105K | $89K | $86K |
| Operating Income (EBIT) | -$210K | $178K | -$275K | -$307K | -$17K | -$360K | -$105K | -$85K | -$86K |
| Operating Margin | -8.6% | 7.3% | -11.6% | -12.4% | -0.7% | -77.2% | -22144.4% | -2228.3% | - |
| Interest Expense | $0 | $0 | $0 | $373K | $0 | $94K | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $49K | $66K | $84K | $127K | -$43.11M | -$88K | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$161K | $244K | -$191K | -$198K | -$43.16M | -$448K | -$105K | -$85K | -$86K |
| Income Tax Expense | $15K | $44K | $32K | $41K | $74 | $1K | $0 | $0 | $0 |
| Net Income | -$176K | $200K | -$223K | -$239K | -$43.16M | -$449K | -$105K | -$85K | -$86K |
| Net Income Margin | -7.2% | 8.3% | -9.4% | -9.6% | -1808.3% | -96.2% | -22144.4% | -2228.3% | - |
| Supplementary Data | |||||||||
| EPS | -0.21 | 0.25 | -0.25 | -0.30 | -70.00 | -2.60 | -0.65 | -0.50 | -0.55 |
| Diluted EPS | -0.21 | 0.25 | -0.25 | -0.30 | -70.00 | -2.60 | -0.65 | -0.50 | -0.55 |
| Weighted Average OS | 828,914 | 828,898 | 828,898 | 828,118 | 612,721 | 171,366 | 165,236 | 163,734 | 160,000 |
| EBITDA | -$136K | $361K | -$103K | -$259K | -$51K | $6K | -$1 | $0 | $0 |
| EBITDA Margin | -5.6% | 14.9% | -4.4% | -10.5% | -2.2% | 1.4% | -0.2% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $491K | $101K | $699K | $504K | $309K | $344K | $24K | $24K | $100 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $491K | $101K | $699K | $504K | $309K | $344K | $24K | $24K | $100 |
| Accounts Receivable | $431K | $1.29M | $827K | $708K | $649K | $259K | $0 | $13K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $2K | -$2K | $0 | -$10K | $0 |
| Other Current Assets | $58K | $96K | $457K | $59K | $60K | $0 | $0 | $10K | $0 |
| Total Current Assets | $979K | $1.48M | $1.66M | $1.27M | $1.02M | $605K | $24K | $37K | $100 |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $251K | $263K | $293K | $41K | $34K | $70K | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $61K | $93K | $130K | $168K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $744K | $0 | $0 | $0 | $0 | $0 | $0 | $6K | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | -$209K | $0 | $0 | $0 | -$0 | $0 |
| Total Long-Term Assets | $1.06M | $357K | $423K | $209K | $34K | $70K | $0 | $6K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6K | $0 |
| Total Assets | $2.03M | $1.84M | $2.09M | $1.48M | $1.05M | $675K | $24K | $37K | $100 |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $426K | $346K | $379K | $402K | $251K | $98K | $6K | $5K | $2K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $476K | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$163 | $0 | -$12K |
| Other Current Liabilities | $0 | $435K | $90K | $535K | $246K | $88K | $163 | $25K | $12 |
| Total Current Liabilities | $1.49M | $1.1M | $1.62M | $1.02M | $588K | $733K | $8K | $30K | $14 |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $185K | $209K | $236K | $9K | $23K | $0 | $2K | $25K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | -$25K | $0 |
| Total Liabilities | $1.68M | $1.31M | $1.86M | $1.03M | $611K | $733K | $8K | $30K | $14K |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $8K | $8K | $0 | $0 |
| Common Stock | $83 | $41K | $41K | $41K | $41K | $3K | $2K | $2K | $2K |
| Retained Earnings | -$44.84M | -$44.66M | -$44.86M | -$44.64M | -$44.4M | -$1.24M | -$204K | -$100K | -$14K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6K | -$2K |
| Other Stockholders' Equity | $45.2M | $45.15M | $45.05M | $45.05M | $44.8M | $1.18M | $219K | $105K | -$2K |
| Total Equity | $357K | $533K | $230K | $453K | $443K | -$58K | $17K | $8K | -$14K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.03M | $1.84M | $2.09M | $1.48M | $1.05M | $675K | $24K | $37K | $100 |
| Supplementary Data | |||||||||
| Total Debt | $237K | $252K | $279K | $22K | $83K | $476K | $163 | $0 | $12K |
| Net Debt | -$254K | $151K | -$421K | -$482K | -$225K | $132K | -$24K | -$24K | $12 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | -$176K | $200K | -$223K | -$239K | -$43.16M | -$449K | -$105K | -$85K | -$86K |
| Depreciation & Amortization | $73K | $117K | $88K | $48K | $2K | $360K | $105K | $85K | $86K |
| Deferred Income Tax | $0 | $0 | $0 | -$39K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $39K | $0 | $66K | $0 | $24K | $0 |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | $112K | -$20K | $97K | $97K | -$168K | -$259K | $3K | -$3K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | -$14K | $0 | $0 |
| Accounts Payable | $80K | -$15K | -$22K | $151K | $153K | $92K | $500 | $3K | $0 |
| Other Working Capital | $329K | -$969K | $287K | $115K | -$142K | $153K | $26K | -$10K | $2K |
| Total Working Capital Change | $521K | -$1M | $361K | $362K | -$158K | -$13K | $15K | -$10K | $2K |
| Other Non-Cash Items | $1 | $103K | -$20K | $39K | $43.15M | -$266K | -$78K | -$109K | -$76K |
| Net Cash from Operating | $418K | -$584K | $206K | $210K | -$173K | -$302K | -$63K | -$95K | -$74K |
| Investing Activities | |||||||||
| Capital Expenditures | -$28K | -$15K | -$5K | -$15K | -$13K | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$5K | $0 | -$13K | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$28K | -$15K | -$11K | -$15K | -$13K | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||||
| Debt Repaid | - | - | - | - | - | -$406K | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $112K | $214K | $30K | $77K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $38K | $2K | $3K | $42K | $74K |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $150K | $622K | $73K | $120K | $74K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $390K | -$598K | $195K | $195K | -$35K | $319K | -$135 | $24K | $600 |
| Supplementary Data | |||||||||
| Operating Cash Flow | $418K | -$584K | $206K | $210K | -$173K | -$302K | -$63K | -$95K | -$74K |
| Capital Expenditure | -$28K | -$15K | -$5K | -$15K | -$13K | $0 | $0 | $0 | $0 |
| Free Cash Flow | $390K | -$598K | $201K | $195K | -$185K | -$302K | -$63K | -$95K | -$74K |
| Cash at Beginning | $101K | $699K | $504K | $309K | $344K | $24K | $24K | $100 | -$500 |
| Cash at End | $491K | $101K | $699K | $504K | $309K | $344K | $24K | $24K | $100 |