Vivic Corp
vivic.bizWhat Do They Do?
Sells yachts and provides maintenance and yacht-management services to yacht operators and marine businesses such as marinas and yacht clubs.
10-K for FY2025, filed Sep 30, 2025We are a global yacht sales and service provider based in Taiwan focused on offering yachts, ancillary products, technical support, service…View ↗
We design and offer various yachts models which differ in their sizes, performance, and functions and are sold under our brand name…View ↗
Our marketing effort does not stop when the customer purchases one of our yachts. After sale activities intended to maintain a positive…View ↗
How Do They Make Money?
Customers buy yachts and other products; a sale is counted when the products are delivered to the customer.
10-K for FY2025, filed Sep 30, 2025
$44.5K
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10-K for FY2025, filed Sep 30, 2025
$44.5K ↗
Who Are Their Customers?
Yacht operators and private yacht owners buy yachts; the company markets through boat shows and regional agents and operators.
10-K for FY2025, filed Sep 30, 2025We are dedicated to catering to the needs of affluent yacht operators in the United States and Southeast Asia, who are interested in…View ↗
We market our yachts by participating in boat shows, through a strong channel of agents and operators in various regions. Advantages of the…View ↗
Not all yacht customers desire the same type of yacht or the same features. There is great divergence among the features customers want.…View ↗
While seeking to develop the market for sales to tour operators, we will also seek to increase sales of Monte Fino luxury yachts…View ↗
Do Revenues Turn Into Profits?
No. It lost $3.5M in FY2025.
10-K for FY2025, filed Sep 30, 2025
How Are They Changing?
- Net income
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Sources
10-Q for Q3 FY2026, filed May 14, 2026
−$51.8KView ↗
- ▼ −95% (Loss)
- vs −$950.8K in Q3 FY2025
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Oct 23, 2025
CEO and CFO resigned; one executive was appointed to both roles
Tse-Ling Wang and Andy F Wong resigned; Chen-Hon Chuang was appointed president, CEO, CFO and secretary.
Sources
8-K, filed Oct 23, 2025
On October 17, 2025, the Board of Directors (the “Board”) of Vivic Corp. (the “Company”) accepted the resignation of (i) Mr. Tse-Ling Wang…View ↗
Shrinking. Revenue fell 80% in 4 years, from $220.9K in FY2022 to $44.5K in FY2025, about 33% a year.
Narrower business focus
The earlier report described travel tours, marina consulting and operations, and yacht advertising alongside yacht sales; the latest centers on selling yachts and supporting yacht operators.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Sep 30, 2025We were incorporated on February 16, 2017 in the State of Nevada. In addition to the US administrative office, the company currently has…View ↗
Regarding our consulting services, we help customers compare prices and purchase products such as yachts by acting as an intermediary for…View ↗
Advertising ServicesView ↗
We provide consulting services to other developers and operators of marinas.View ↗
Wenzhou Yangfushan Marina is a project bid by the Company on November 30, 2020. The marina has opened in 2021 and operates yacht…View ↗
We are a global yacht sales and service provider based in Taiwan focused on offering yachts, ancillary products, technical support, service…View ↗
Geographic pivot
The earlier report described marina projects and clients in China; the latest says the company will focus on the United States and Southeast Asia and leave the Taiwan market.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Sep 30, 2025We provide consulting services to other developers and operators of marinas.View ↗
Our clients includes both private companies who are engaged in the Marinas business and governments who are planning the development of…View ↗
We are currently developing a marina project: Wenzhou Marina in Zhejiang Province, China.View ↗
We have conducted the preliminary research, feasibility analysis, government land negotiations, project design, and post- construction…View ↗
Who Do They Compete With?
Competes with Azimut and Ferretti
10-K for FY2025, filed Sep 30, 2025While seeking to develop the market for sales to tour operators, we will also seek to increase sales of Monte Fino luxury yachts…View ↗
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