Steer Technologies Inc (TSE:STER) has released an update.
Steer Technologies Inc. reported a significant decrease in annual revenue from $54.9 million in the previous year to $17.7 million for the fiscal year 2023, attributed to the spin-off of its B2B Marketplace. Despite this, the company secured an $18 million direct investment in early 2023. Overall, the company experienced a reduction in operating loss and ended the year with a net income of $812,600 before taxes.
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