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Genius Group to Participate in MicroCap Rodeo Investor Conference on June 6, 2024
Newsfilter· 2024-06-06 13:00
Please join at least five minutes before the start of the presentation to ensure timely participation. This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including (without limitation) statements regarding our or our management's expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts o ...
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(GNS) - Prospectus
2024-05-29 20:45
As filed with the Securities and Exchange Commission on May 29, 2024 Registration No. 333-______ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 GENIUS GROUP LIMITED (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Singapore 8200 Not ...
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
Financial Performance - Genius Group reported pro forma revenue of $70,371,000 for the year ended December 31, 2023, a significant increase from $18,194,000 in 2022, representing a growth of 286%[78] - The gross profit for Genius Group was $17,046,000 in 2023, compared to $8,639,000 in 2022, indicating a gross profit margin improvement[78] - Genius Group's net loss narrowed to $822,000 in 2023 from $56,007,000 in 2022, reflecting a substantial improvement in financial performance[78] - Adjusted EBITDA for Genius Group was reported at $(6,814,000) for 2023, compared to $(8,505,000) in 2022, showing a reduction in operational losses[83] - The total liabilities of Genius Group decreased to $48,853,000 in 2023 from $77,305,000 in 2022, indicating improved financial health[78] Student Metrics - The number of paying students increased to 199,906 in 2023, up from 171,919 in 2022, showing a growth of 16% in the paying user base[86] - The conversion rate of new students to paying students improved significantly to 3.19% in 2023 from 1.20% in 2022[86] - Average Annual Revenue per New Paying Student is $3,355.16[93] - Average Acquisition Cost per New Paying Student is $821.01[92] - Total number of new paying students is a key metric for revenue generation, with significant implications for overall financial performance[91] Marketing and Operational Efficiency - Genius Group's marketing spend decreased to $1,663,174 in 2023 from $1,994,331 in 2022, indicating a more efficient allocation of resources[86] - Marketing Spend is crucial for acquiring new students and partners, impacting overall revenue growth[90] Global Presence - Genius Group operated in 191 countries in both 2023 and 2022, maintaining its global presence[86] - The company operates in 191 countries, indicating a broad international presence and potential market expansion opportunities[103] Challenges and Risks - The company faces substantial doubt about its ability to continue as a going concern without additional capital raised in the next twelve months[100] - The company anticipates challenges in managing growth and expansion, which may affect financial results and operational efficiency[108] - The company faces significant competition in the education market, which may impact its ability to attract new business and maintain academic achievement[130] - Economic uncertainty and volatility, including geopolitical instability, could adversely affect the company's business and financial results[133] - A general economic slowdown or recession may reduce demand for the company's programs, impacting financial condition and cash flows[134] - The company has a limited operating history since starting student enrollments in 2015, which may affect its ability to achieve profitability in the near future[139] - The Edtech platform's technological complexity may lead to defects that are difficult to detect and correct, potentially resulting in adverse effects such as subscription cancellations[140] - The company is at risk of legal liability due to potential inaccuracies in training program content, which could incur legal costs and damage its reputation[136] - The company may face challenges in maintaining brand identity and quality during acquisitions, which could negatively impact its market perception and performance[128] - The company faces risks from system disruptions, cybersecurity vulnerabilities, and capacity constraints that could impact revenue generation and reputation[142] - The reliance on a third-party data center for hosting products poses risks of operational interruptions and potential data loss due to various catastrophic events[143] - Future growth is contingent on the continued acceptance of the Internet and an increase in users seeking educational services online; any decline could adversely affect profitability[144] - The company is susceptible to unauthorized use of its content and platform, which could lead to liability and damage to its brand[145] - Labor costs and shortages could negatively impact the company's financial condition and operational results, as labor is a significant component of operating costs[151] Strategic Acquisitions and Growth - The company has completed the acquisition of Group Companies and may pursue further strategic acquisitions, which carry risks related to integration and expected returns[153] - The company anticipates significant growth from online courses but faces challenges from competition and potential regulatory hurdles[158] - The company aims to expand its market share by introducing products and services to new markets and providing high-quality support to students and partnerships[121] - The success of the business is heavily reliant on student enrollments and tuition levels, with a focus on developing new educational programs to respond to market trends and student demands[123] Regulatory and Compliance Issues - Regulatory changes affecting government-sponsored student aid could materially impact liquidity and enrollment numbers[161] - Changes in public perception and government policies regarding private education could adversely affect the company's expansion plans and overall business[163] - The complexity of government regulations and varying expectations across countries may hinder E-Square's growth in the primary and secondary school markets[173] - Taxing authorities may impose additional obligations on the company, which could adversely affect its financial condition and results of operations[181] - The company is subject to changing laws and regulations that increase compliance costs and may divert resources from revenue-generating activities[221] Shareholder and Market Considerations - As a foreign private issuer, the company may afford less protection to shareholders compared to U.S. regulations, which could impact investor interest[182] - The company may need additional financing in the future, which could lead to significant dilution of existing shareholders' ownership interests[205] - Market prices for the company's shares may be volatile, influenced by various factors including operating performance and market conditions[206] - A significant portion of outstanding shares may be sold into the public market, potentially causing a decline in share price[210] - The company does not currently expect to pay cash dividends on its ordinary shares, and future dividend payments will depend on various factors including operational results and financial condition[213] Financial Reporting and Compliance - The company reports its financial results under IFRS, which may differ significantly from U.S. GAAP, potentially affecting comparability with other public companies[214] - The company is classified as an "emerging growth company," which allows it to take advantage of certain exemptions from disclosure requirements, potentially making its securities less attractive to investors[216] - The company incurs significant legal, accounting, and compliance costs as a public entity, which may divert management's attention from revenue-generating activities[219] - The company must comply with the Exchange Act, which requires filing annual and current reports, increasing management effort and costs associated with compliance[220] - The company’s ordinary shares are listed on the NYSE American, and failure to comply with listing requirements could lead to delisting, adversely affecting liquidity and financing options[227]