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Facedrive Inc. (V:FD)

Business Focus: Software

Sector:  Technology Industry:  Software
 
See Regulatory Filings on SEDAR
Company Contact
Address: 100 Consilium Pl Unit 400
SCARBOROUGH ON M1H 3E3
Tel: N/A
Website: https://www.facedrive.com
IR: See website
Key People
Sayan Navaratnam
Chairman of the Board, Chief Executive Officer
Heung Hung Lee
Chief Financial Officer
Junaid Razvi
Executive Vice President, Corporate Secretary, Director
Business Overview
Facedrive Inc. is a technology ecosystem company. The Company is offers socially responsible services to local communities. The Company provides Facedrive Verticals, Facedrive Rideshare, Facedrive Marketplace, Facedrive Foods, Facedrive Social, and Facedrive Health solutions. Its Facedrive Rideshare offers environmentally and socially responsible solutions in the Transportation as a Service (TaaS) space. Facedrive Marketplace offers curated merchandise created from sustainably sourced materials. Facedrive Foods offers contactless delivery of foods right to consumers' doorsteps. Facedrive Social keeps people connected in a physically distanced world through its HiQ and other e-socialization platforms. Facedrive Health offer technological solutions to the health challenges including its TraceSCAN wearable technology for contact tracing. Facedrive is a food delivery, e-commerce, social and health and it is operational in Canada and the United States.
Financial Overview
For the three months ended 31 March 2021, FacedriveInc revenues increased from C$388K to C$4.3M. Net lossincreased from C$1.5M to C$5.9M. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Higher net lossreflects Selling/General/Admin Expenses increase fromC$575K to C$2.5M (expense), Foreign exchange gain (loss)decrease from C$121K (income) to C$49K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $886.44M as of Mar 31, 2021
Annual revenue (TTM): $7.80M as of Mar 31, 2021
EBITDA (TTM): -$19.71M as of Mar 31, 2021
Net annual income (TTM): -$22.14M as of Mar 31, 2021
Free cash flow (TTM): -$13.96M as of Mar 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 95,248,498 as of Mar 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization