Genius Group Limited - GNS STOCK NEWS

Genius Group Limited (NYSE American: GNS) reported strong financial results for H1 2022, with revenue growing 17.18% to $7.44 million compared to H1 2021. Pro forma revenue reached $16.57 million, and gross margin improved to 29.97% from 25.85%. However, the company recorded a net loss of $3.50 million, with an EBITDA loss of $1.96 million. The student base grew to 2.8 million, with 39,124 paying students, reflecting a 9.44% annualized growth. The company maintained its 2022 pro forma adjusted EBITDA guidance, anticipating revenue between $35.0m-$38.0m.

Genius Group Limited (AMEX: GNS) has appointed Dr. Tracy Lynn West as President of the University of Antelope Valley (UAV), effective October 3. With over 17 years of experience in higher education, Dr. West previously served as Campus President at Concorde Career College, leading over 600 students and 85 staff members. This appointment follows Genius Group's acquisition of UAV and aims to strengthen its global entrepreneurial academic journey. CEO Roger James Hamilton highlighted Dr. West's transformational leadership as vital for the company's mission to disrupt the education sector.

Genius Group Limited (NYSE American: GNS) will present its first half 2022 financial results on October 19, 2022, before the market opens. A live webcast discussing the results will occur at 8:00 a.m. ET / 8:00 p.m. SGT the same day. Investors can access the webcast on the Genius Group investor relations page, where an archive will be available for six months. Genius Group focuses on creating a student-centered education model for lifelong learning, serving over 2.9 million students in 200 countries.

Genius Group Limited (GNS) has acquired Revealed Films Inc. for $10 million, enhancing its educational content for entrepreneurial programs. The acquisition, which closed on October 4, 2022, includes potential earnouts based on performance metrics through 2025. CEO Roger Hamilton expressed excitement over the collaboration, intending to produce high-quality educational videos. This acquisition follows Genius Group's strategy of expanding its global presence, having previously acquired several educational organizations worldwide.

Genius Group Limited has appointed Timothy Murphy, former FBI Deputy Director, to its Board of Directors. With over 30 years in law enforcement, compliance, and intelligence, Murphy brings valuable expertise to support Genius Group's expansion of tech-focused degree programs. The appointment follows a series of acquisitions aimed at disrupting the education sector. Genius Group serves over 2.9 million students globally and aims to provide lifelong learning opportunities centered on entrepreneurship.

Genius Group Limited (NYSE American: GNS) will participate in two upcoming investor conferences in October 2022. The Diamond Equity Conference is scheduled for October 4 at 8:30 a.m. ET, featuring CEO Roger Hamilton. The Think Equity Conference will take place on October 26, with CFO Erez Simha and VP Flora Hewitt representing the company. A live webcast will be available on the company’s investor relations website.

Genius Group Limited (NYSE American: GNS) announced that Zachs Small Cap Research published a new analyst report on September 21, 2022, setting a target price of $19.20 for the company. This report is accessible online for investors and analysts to review insights related to the company's market position and future outlook. With over 2.9 million students across 200 countries, Genius Group focuses on transforming education to provide life skills and entrepreneurial training.

Genius Group Limited (NYSE American: GNS) will present at the H.C. Wainwright 24th Annual Global Investment Conference on Tuesday, September 13, 2022, at 2:30 p.m. ET. A live webcast and archived replay of the presentation will be accessible on the company's Investor Relations website. Genius Group is a leading entrepreneur Edtech organization, aiming to transform education with a student-centered curriculum for over 2.9 million students globally, aged from 0 to 100.

Genius Group Limited (GNS) has entered a Securities Purchase Agreement for US$18.13 million in Senior Secured Convertible Notes, raising US$17 million from an institutional investor. The Notes will mature in 30 months, bearing 5% annual interest, with a conversion price of US$5.17 per share. Monthly payments are due three months post-closing, potentially in cash or shares. Proceeds will be allocated for corporate purposes and acquisitions. Details will follow in a Form 6-K by August 29, 2022.