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Genius Group Limited (GNS) is a dynamic Edtech and education company focused on providing specialized entrepreneur education, business development tools, and management consultancy services. The company operates through two primary segments: Education and Campus. The Education segment, which generates the majority of the company's revenue, offers a comprehensive entrepreneur education system that includes business development tools and consultancy. Meanwhile, the Campus segment encompasses entrepreneur resorts, retreats, and co-working cafes designed to foster innovation and collaboration among entrepreneurs.
Recent achievements of Genius Group include the successful expansion of its education programs, strategic partnerships with leading educational institutions, and the introduction of new business development tools tailored for entrepreneurs. The company is also actively engaged in several current projects aimed at enhancing the capabilities of its education platform and expanding its global reach.
Financially, Genius Group has demonstrated resilience and growth, supported by its robust business model and innovative offerings. The company's strong focus on the education segment has been a key driver of its revenue and market position.
Genius Group's partnerships with industry leaders and its continuous efforts in developing cutting-edge products have positioned the company as a significant player in the Edtech sector. The company's commitment to empowering entrepreneurs through education and strategic resources underscores its mission and vision for the future.
For the latest updates and relevant information about Genius Group Limited, investors can refer to recent news, such as updates on investor relations, forward-looking statements, and compliance with NYSE guidelines, among others.
Genius Group has announced the exercise of Series 2024-C warrants, generating approximately $3.8 million in gross proceeds. The exercise involves 10,950,451 ordinary shares at $0.35 per share. H.C. Wainwright & Co. acted as the exclusive placement agent. In return, the company will issue new Series 2024-D and 2024-E warrants. The 2024-D warrants have a term of five and one-half years, and the 2024-E warrants have a term of two years. Additionally, certain existing warrants from April 2024 will be amended to reduce the exercise price, and new warrants will be issued. The proceeds will be used for general corporate purposes, including working capital, operating expenses, debt repayment, and supporting acquired assets. The offering is expected to close around May 22, 2024, subject to customary conditions.
Genius Group (NYSE American: GNS) reported its financial results for 2023, showcasing significant growth. The company achieved a 27% increase in audited revenue to $23.1 million and a 150% rise in pro forma revenue to $70.4 million, including the impact of the FatBrain AI acquisition. The number of students and users grew 24% to 5.5 million.
Gross profit reached $11.9 million, up from $8.6 million in 2022, while net loss after tax drastically reduced by 90% to $5.7 million. Pro forma net loss was $0.8 million. The company continues to forecast a 2024 pro forma revenue of $105 million. Key developments include the launch of the Genius City model in various global hubs and the successful integration of AI tools and platforms.
Genius Group (NYSE American: GNS) will host an earnings call on May 16, 2024, to discuss its full-year financial results for 2023. The call will be available via dial-in and webcast, with a replay option provided. Investors can access the financial results press release prior to the call.
Genius Group (NYSE American: GNS) will be participating in the Sidoti Micro Cap Conference on May 8 and 9, 2024. The Company will present on May 8th at 10:00 a.m. Eastern Time, with management and the board available for one-on-one meetings with investors.
Genius Group (NYSE American: GNS) has engaged MZ Group to lead a strategic investor relations and financial communications program to increase visibility in key markets. MZ Group will assist in highlighting Genius Group's AI-powered education solutions and disruptive approach. The partnership aims to enhance investor relations and brand awareness in the investment community.
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