Genius Group Announces Updated Investor Presentation and Compliance with NYSE Guidelines on Audit Opinion

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]