Genius Group(GNS)
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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 ...
GNS Stock: Genius Group Gives an AI of Alan Turing a Seat in the C-Suite
InvestorPlace· 2024-04-30 19:09
No stranger to ruffling feathers, educational specialist Genius Group (NYSEMKT:GNS) caused a stir on social media last week. Specifically, it introduced an artificial intelligence (AI) version of famous British mathematician and computer scientist Alan Turing as “Chief AI Officer.” While GNS stock has responded positively to past controversial moves, this latest stunt could be a miss.In a tweet, Genius CEO Roger James Hamilton welcomed the Turing AI to the company’s C-suite. Additionally, Hamilton remarked ...
Leading Education Entrepreneurs join Genius Group as New Shareholders
Newsfilter· 2024-04-26 12:00
SINGAPORE, April 26, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered education group, today welcomed leading education entrepreneurs as new shareholders of the Company. Genius Group's new investors include: Brent Richardson, Past CEO and Chairman of Grand Canyon Education. Mr Richardson led the transformation of Grand Canyon University from a near-bankrupt institution in 2004 to an early pioneer in online education and a global institution wit ...
Genius Group Appoints Leading Edtech Investor Michael Moe as Board Chairman
Newsfilter· 2024-04-19 16:00
SINGAPORE, April 19, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered education group, today announced the appointment of Mr. Michael Moe as Non Executive Chairman of its Board. He has been appointed in this role following the Genius Group's recently announced business combination with FatBrain AI, where Mr Moe is also a shareholder and Chairman. Michael Moe is the Founder and CEO of GSV Holdings. GSV has invested in game-changing businesses su ...
Genius Group Launches Genius City Singapore: Company's 1st Sovereign AI Education Ecosystem
Newsfilter· 2024-04-12 12:00
SINGAPORE, April 12, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered education group, today announced the launch of Singapore Genius City, the Company's first Sovereign AI Education Ecosystem delivering end-to-end AI Education and Acceleration courses to students, entrepreneurs, businesses and institutions. Genius Group will host its AI launch event and AI courses in Singapore's Central Business District at Genius Central Singapore, a combined ...