Genius Group(GNS)
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Genius Group Announces Updated Investor Presentation and Compliance with NYSE Guidelines on Audit Opinion
GlobeNewswire News Room· 2024-06-06 12:00
Core Insights - Genius Group Limited, an AI-powered education group, announced an updated investor presentation for the MicroCap Rodeo Spring Into Summer Investor Conference [1] Financial Performance - The company reported 2023 results with pro forma revenue of $70 million, representing a 150% growth, a gross margin of 52%, and a student base of 5.5 million [2] - Genius Group achieved 10x revenue growth over the last three years and aims to achieve another 10x growth, targeting 100 million students, 100 Genius Cities, and $1 billion in revenue [2] - The company forecasts a revenue growth of 50% for 2024, significantly higher than the 14% average growth of its Edtech peers [2] Business Model and Strategy - Genius Group is transitioning from a freemium to a premium edtech model, aiming for a cost per student of under $1, leading to $10 revenue per student annually, with a targeted Return on Acquisition Spend (ROAS) of 10x [2] - The company is developing Genius City learning ecosystems in collaboration with schools, startups, businesses, and government, each expected to generate $10 million in revenue within three years [2] Compliance and Governance - The company disclosed compliance with NYSE guidelines regarding audit opinions, noting an unqualified audit opinion with an explanatory paragraph on its ability to continue as a going concern [3] - Genius Group's management has successfully improved its balance sheet through various financing initiatives and has cleared significant contingent liabilities [4] Market Position and Outreach - The CEO emphasized the company's strong position in the growing AI education sector and the importance of increasing communication with institutional investors and investment funds [4] - Genius Group services 5.4 million users across over 100 countries, offering personalized curriculums for individuals, enterprises, and governments [5]
Strategic Growth And Technological Advances Position Genius Sports For Future Success
Seeking Alpha· 2024-05-31 08:09
Thesis I expect that Genius Sports (NYSE:GENI) can achieve great potential growth and profitability. Reasons for this are solid revenue expansion and strategic partnerships. Furthermore, AI technologies are bringing new development in the services being offered. The company shows nice year-over-year revenue growth and great increases in media and betting sales. Long-term data rights agreements and innovative marketing strategies give Genius Sports an advantage. I believe that the current market price might ...
Genius Group Announces Exercise of Warrants for $3.8 Million Gross Proceeds
globenewswire.com· 2024-05-20 12:00
SINGAPORE, May 20, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) ("Genius Group" or the "Company"), a leading AI-powered education group, today announced the entry into definitive agreements for the immediate exercise of certain outstanding Series 2024-C warrants to purchase up to an aggregate of 10,950,451 of the Company's ordinary shares originally issued in January 2023, at the current exercise price of $0.35 per share. The ordinary shares issuable upon exercise of the warrants are r ...
Genius Group Announces Exercise of Warrants for $3.8 Million Gross Proceeds
Newsfilter· 2024-05-20 12:00
SINGAPORE, May 20, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) ("Genius Group" or the "Company"), a leading AI-powered education group, today announced the entry into definitive agreements for the immediate exercise of certain outstanding Series 2024-C warrants to purchase up to an aggregate of 10,950,451 of the Company's ordinary shares originally issued in January 2023, at the current exercise price of $0.35 per share. The ordinary shares issuable upon exercise of the warrants are r ...
Follow the Whales: 3 Genius Stocks the Smart Money Is Piling Into for Triple-Digit Gains
investorplace.com· 2024-05-19 18:08
Following the so-called "smart money" is often a wise strategy for retail investors. Most individual investors fail to outperform the broader market over the long-run. While most institutional investors also struggle to beat the market, their failure rate is lower. Thus, many such investors are less likely to suffer significant losses when investing in stocks. When you're dealing with larger sums of money, capital preservation is key. Additionally, these smart money investors also have the tools and resourc ...
Genius Group(GNS) - 2023 Q4 - Annual Report
2024-05-15 17:28
Exhibit 99.1 Genius Group Announces 2023 Financial Results, 150% Pro Forma Revenue Growth to $70.4 million Singapore, May 15, 2024 — Genius Group Limited (NYSE American: GNS) ("Genius Group" or the "Company"), a leading provider of AI-powered, digital-first education solutions, announced today its financial results for the year ended December 31, 2023. Business Highlights for Fiscal 2023 Roger James Hamilton, Founder and CEO of Genius Group, commented "2023 was a year of significant growth in revenue combin ...
Genius Group Announces 2023 Financial Results, 150% Pro Forma Revenue Growth to $70.4 million
Newsfilter· 2024-05-15 17:27
Core Viewpoint - Genius Group Limited reported significant growth in revenue and a substantial reduction in costs for the fiscal year 2023, positioning the company for strong growth in 2024 [3][6]. Business Highlights for Fiscal 2023 - The company completed the acquisition of FatBrain AI and is in the process of finalizing the OpenExO transaction, which will enhance its AI education offerings [3][12]. - Genius Group is launching the Genius City Model in various global cities to create localized learning ecosystems [3][12]. Financial Results - Audited revenue for 2023 increased by 27% to $23.1 million from $18.2 million in 2022 [6][7]. - Pro forma revenue surged by 150% to $70.4 million from $28.1 million in 2022, including contributions from the FatBrain AI acquisition [6][12]. - The number of students and users grew by 24% to 5.5 million from 4.4 million in 2022 [6]. - Gross profit rose to $11.9 million, representing 52% of revenue, compared to $8.6 million or 47% in 2022 [6][7]. - The net loss after tax decreased by 90% to ($5.7) million from ($56.0) million in 2022, with pro forma net loss further reduced to ($0.8) million [6][12]. Strategic and Operational Highlights - The company maintains its 2024 pro forma revenue guidance of at least $105 million, indicating a 50% increase compared to 2023's pro forma revenue [6][10]. - Genius Group has welcomed notable education entrepreneurs to its investor base and added new board members and executive team members [12]. - The company has restructured its financing, repaying an $18.3 million convertible note ahead of schedule [12].
Genius Group(GNS) - 2023 Q4 - Annual Report
2024-05-15 17:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...
Genius Group Schedules Full Year 2023 Earnings Call Thursday, May 16, 2024 at 8:30am ET
Newsfilter· 2024-05-13 12:00
Singapore, May 13, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading provider of AI-powered, digital-first education solutions, will hold a conference call on Thursday, May 16, 2024 at 8:30 AM Eastern Time to discuss its financial results for the full year 2023 ended December 31, 2023. Financial results will be issued in a press release prior to the call. Date: Thursday, May 16, 2024Time: 8:30 AM Eastern Time (5:30 AM Pacific Time)U.S. dial-in number: 877- ...
Genius Group Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program
Newsfilter· 2024-05-03 14:00
Singapore, May 03, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading provider of AI-powered, digital-first education solutions, today announced the engagement of international investor relations specialists MZ Group ("MZ") to lead a strategic investor relations and financial communications program across all key markets. MZ Group will work closely with Genius Group's management to build upon their investor relations and shareholder communications program d ...