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Genius Group resumes buying Bitcoin, increases Bitcoin Treasury by 40%.
Globenewswire· 2025-05-22 12:00
SINGAPORE, May 22, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that following the favorable ruling by the U.S. Court of Appeals, allowing Genius Group to buy Bitcoin, the Company has resumed buying Bitcoin for its Bitcoin Treasury. The Company has increased its Bitcoin Treasury by an additional 40%, with the purchase of 24.5 Bitcoin. The Company currently holds 85.5 Bitcoin purchase ...
Genius Group Limited (GNS) 2024 Financial Results & 2025 Guidance Call Transcript
Seeking Alpha· 2025-04-30 14:59
Core Viewpoint - Genius Group Limited is presenting its 2024 financial results and providing guidance for 2025, highlighting updates on its AI-Powered Genius Curriculum, Genius City model, Genius Treasury strategy, and ongoing legal cases [1]. Financial Results and Guidance - The company will discuss its full-year results for 2024 and offer insights into its financial performance and strategic direction for 2025 [1]. Strategic Initiatives - Updates will be provided on the AI-Powered Genius Curriculum, which is a key component of the company's educational offerings [1]. - The Genius City model and Genius Treasury strategy will also be discussed, indicating a focus on innovative educational and financial frameworks [1]. Legal Matters - The company will address various current legal cases, which may impact its operations and financial outlook [1].
Genius Group Announces 2024 Financial Results, 303% NAV Growth
Globenewswire· 2025-04-30 12:15
Increase in Net Asset Value (NAV) to $79.4 million from $19.7 million in 2023. SINGAPORE, April 30, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, announced today its financial results for the year ended December 31, 2024. Business Highlights for Fiscal 2024 As a result of the restructured financials due to the failed asset purchase agreement currently the subject of arbitration and the RICO lawsuit f ...
Genius Group(GNS) - 2024 H2 - Earnings Call Transcript
2025-04-30 12:00
Financial Data and Key Metrics Changes - The company's revenue dropped to $7.9 million from $23 million in the previous year, indicating a significant decline due to operational disruptions [31] - Total assets grew from $30.3 million in 2023 to $101 million in 2024, with current assets increasing from $9.6 million to $42.2 million [32] - Total liabilities decreased from $23.5 million in 2023 to $21.6 million in 2024, resulting in a net asset value growth from $19.7 million to $79.4 million, a year-on-year increase of 303% [32][33] Business Line Data and Key Metrics Changes - The core education business is developing a blockchain-based microlearning platform, which includes the Bitcoin Academy, Genius Academy, and Genius School [11] - The company aims to generate $20 million in revenues from its AI-powered education business, ensuring long-term sustainability [12] - Two out of three remaining business units are now achieving profitability [34] Market Data and Key Metrics Changes - The lifelong learning market is valued at $10 trillion and is undergoing global disruption, with the company positioned to capitalize on this trend [22] - The company is experiencing a wave of adoption in AI education globally, supported by government initiatives [23] Company Strategy and Development Direction - The company aims to establish 100 Genius cities and reach a billion-dollar valuation by 2030, with plans to develop the first physical Genius city in Bali, Indonesia [4][13] - The Genius City model integrates lifelong learning with tokenized assets and an AI-powered workforce [13][26] - The company is focused on educating other executives and investors on the long-term value of Bitcoin treasuries [24] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of overcoming legal challenges to execute the group's plans and achieve profitability [30][35] - The company is providing provisional revenue guidance of $10 million to $30 million, contingent on lifting the preliminary injunction [35] - Management remains optimistic about the long-term vision of the company despite short-term challenges [35] Other Important Information - The company is currently facing legal restrictions that prevent it from raising funds or buying Bitcoin, impacting its operations and growth plans [5][16] - The ongoing legal issues could result in damages exceeding $700 million, potentially reaching over a billion dollars [21] Q&A Session Summary Question: What is the company's strategy regarding the Bitcoin treasury? - The company aims to grow its Bitcoin treasury to 1,000 Bitcoin, with a long-term target of a billion dollars in value by 2030, despite current legal restrictions [11][20] Question: How is the company addressing its operational challenges? - The management is focused on cutting costs and achieving profitability in its remaining business units while navigating legal challenges [34] Question: What is the outlook for the education market? - The company believes it is well-positioned to capitalize on the $10 trillion lifelong learning market, especially with the increasing adoption of AI education [22][23]
Genius Group to Release Full Year 2024 Results and Host Investor Webcast on April 30, 2025
Globenewswire· 2025-04-25 12:00
SINGAPORE, April 25, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, will announce full year 2024 financial results on Wednesday, April 30, 2025, prior to market open. Management will host a live webcast to discuss the results at 8:00 AM Eastern Time / 8:00 PM Singapore Time on Wednesday, April 30, 2025. Management will also provide updates on its AI-Powered Genius Curriculum, Genius City model, Bitcoi ...