Genius Group Limited - GNS STOCK NEWS

Genius Group (NYSE American: GNS) has secured a $22 million 'Genius Nation' contract with the Government of Kazakhstan. The three-year agreement, won by Genius Group subsidiary Prime Source, involves centralizing nationwide database supply and maintenance for Kazakhstan's state bodies, enabling sovereign AI development.

Phase 1 of the contract has been successfully completed, with the project now entering its second phase. This contract follows Genius Group's recent launch of the Genius City AI education and acceleration model in Abu Dhabi. The company sees this as part of its strategy to partner with governments in developing AI-ready economies and views it as a key component of their future growth plan.

Genius Group, a leading AI-powered education company, announced the release of a new equity research report by Diamond Equity Research. The report highlights Genius Group's promising financial performance and strategic initiatives in the global education market.

Key points include a 27% increase in total revenue to $23.1 million in 2023, with a notable 37% rise in education revenue and a 24% growth in the user base to 5.5 million. The company's conversion rate improved significantly from 1.20% to 3.19%.

Strategically, Genius Group has acquired FatBrain AI, merging to expand its AI education offerings, and entered a merger agreement with OpenExO. These moves aim to enhance its AI education network globally. Management reaffirms a $105 million revenue guidance for 2024, and the company's valuation stands at $2.25 per share.

The new report is seen as a tool to increase market awareness and investor visibility.

Genius Group (NYSE American: GNS), an AI-driven education company, will present at the Noble Capital Markets Virtual Equity Conference on June 26-27, 2024. Peter Ritz, the Chief Revenue Officer, will host virtual one-on-one meetings with institutional investors, along with a virtual presentation on June 26, 2024, at 9:00 a.m. Eastern time. Interested investors are invited to register and join the presentation online. The video webcast will be available after the event on the company's website and ChannelChek, where it will be archived for 90 days. For additional information or to arrange a meeting, investors can contact MZ Group at GNS@mzgroup.us.

Genius Group has announced the launch of two Genius Cities in Dubai and Abu Dhabi, UAE, with an AI Ready Workshop on June 25, 2024, at Abu Dhabi University. The workshop will host 100 CEOs, government officials, educators, and students, offering AI training and an AI Roadmap. The initiative aims to make Dubai and Abu Dhabi leaders in AI, following the model previously implemented in Singapore. The Genius City program will feature AI training, tools, and certification courses from Nvidia, Google, and Microsoft, with AI Hubs at Internet City in Dubai and Abu Dhabi University. These efforts align with the UAE's National AI Blueprint.

Genius Group, a leader in AI-powered education, will participate in the MicroCap Rodeo Spring Into Summer Investor Conference on June 6, 2024, in New York, NY.

Executive Director Peter Ritz will host one-on-one meetings with institutional investors and a webcast presentation at 2:30 p.m. Eastern time.

The event includes a live audio webcast and an archive, accessible via the provided link. Registration is mandatory for attendance.

For more information and to schedule meetings, contact MZ Group at GNS@mzgroup.us.

Genius Group, a leading AI-powered education company listed on NYSE American under GNS, released an updated investor presentation at the MicroCap Rodeo Spring Into Summer Investor Conference. The presentation highlighted a $70 million pro forma revenue for 2023, 150% revenue growth, and a 52% gross margin. The company aims to achieve $1 billion revenue and 100 million students through its freemium-to-premium edtech model. Additionally, Genius Group forecasts a 50% revenue growth for 2024, outperforming the 14% industry average. Despite a 'going concern' audit opinion, the company has improved its balance sheet by clearing liabilities and completing successful financing initiatives.

Genius Group, a leading AI-powered education provider, will host a virtual roadshow webinar on Tuesday, June 18, 2024, at 11:00 a.m. Eastern time. During the event, management will present an overview of the company's business model and discuss recent operational and financial milestones. The presentation will be followed by a Q&A session. Attendees can join via dial-in numbers provided or through the webcast link. A replay will be available three hours post-call.

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.