STEER Reports 2021 Financial Results and Provides Update

TORONTO, May 2, 2022 /CNW/ - Facedrive Inc. ("STEER " or the " Company") (TSXV:FD.VN) (OTCQX:FDVRF), an integrated ESG technology platform, today announced its 2021 ("Fiscal 2021") operational and financial results for the year ended December 31, 2021. All financial results are reported in Canadian dollars, unless otherwise stated.[1] Highlights include a Company-record revenue of $25,416,461 in Fiscal 2021, up from $3,934,354 in Fiscal 2020, representing a 546% year over year growth. The Company also reported a record Gross Merchandize Value[2] of $76,928,000 in Fiscal 2021, up from $13,941,560 during Fiscal 2020, representing 452% growth. Steer's EV subscription revenue grew to $2,804,700 in Fiscal 2021, up from $738,000 in Fiscal 2020, representing 280% growth, while Steer's Food Delivery revenue grew to $21,694,500, up from $2,472,300 in Fiscal 2020, or 777% growth.