Genius Group Announces Updated Investor Presentation and Compliance with NYSE Guidelines on Audit Opinion
06 Junho 2024 - 9:00AM
Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading AI-powered education group, today announced
the issuance of an updated investor presentation for their
attendance at the MicroCap Rodeo Spring Into Summer Investor
Conference.
Specific highlights included within the
Investor Presentation
- 2023 results including $70 million
pro forma revenue, 150% pro forma revenue growth, 52% gross margin
and 5.5 million students.
- 10x revenue growth in the last 3
years and plan to 10x again, with its target plan to reach 100
million students, 100 Genius Cities and $1 billion revenue.
- Freemium to premium edtech model
with target KPIs of under $1 cost per student leading to $10
revenue per student per year, delivering a ROAS (Return on
Acquisition Spend) of 10x annually.
- Genius City learning ecosystems in
partnership with schools, startups, businesses and government -
each with a target of $10 million in revenue within three
years.
- 2024 revenue growth forecast of 50%
in comparison to the 14% average of its Edtech peers, and its 0.7x
price / revenue ratio in comparison to the 4.7x average of its
peers.
Compliance with NYSE Guidelines on Audit
Opinion
As previously disclosed in its Annual Report on
Form 20-F for the year ended December 31, 2023, which was filed on
May 15, 2024 with the Securities and Exchange Commission, the
audited financial statements contained an unqualified audit opinion
from its independent registered public accounting firm that
included an explanatory paragraph related to the Company’s ability
to continue as a going concern. See further discussion in the
footnotes to the Company’s financial statements included in the
Company’s Annual Report on Form 20-F. This announcement is being
made solely to comply with the NYSE American LLC Company Guide
Section 610(b), which requires public announcement of the receipt
of an audit opinion containing a going concern paragraph. This
announcement does not represent any change or amendment to the
Company’s financial statements or to its Annual Report on Form 20-F
for the year ended December 31, 2023.
Stronger Balance Sheet
Following the filing of the Company’s 20-F and
the recently announced warrant exercise, Genius Group management
believes the Company’s cash management balance sheet improvement
efforts are proving successful. Adrian Reese, Genius Group’s Chief
Financial Officer, said “In the last six months, the company has
been successful in paying in full its convertible note, completing
a series of successful financing initiatives and clearing a
considerable amount of contingent liabilities.”
Genius Group’s CEO, Roger Hamilton, added “As we
execute our growth plan, we are increasing our communication and
outreach to institutional investors, family offices and investment
funds. With 2024 guidance of over $100 million in revenue and
year-on-year growth of 50%, we believe we are now reaching a size
that is attractive to more investors. We believe we have a strong
position in the rapidly growing AI revolution, and have begun
sharing our growth story through more virtual roadshows and
investor conferences.”
The Company’s new Investor Presentation can be
viewed at: https://ir.geniusgroup.net/
About Genius Group
Genius Group (NYSE: GNS) is a leading provider
of AI-powered, digital-first education solutions, disrupting the
highly standardized system of traditional education with a
personalized, flexible and life-long learning curriculum for the
modern student. Genius Group services 5.4 million users in over 100
countries, providing personalized curriculums for individuals,
enterprises and governments. The comprehensive, AI-powered platform
offers programs for K-12 education, accredited university courses
and skills-based courses for entrepreneurs. To learn more, please
visit https://www.geniusgroup.net/.
Forward-Looking Statements
This press release contains certain
forward-looking statements within the meaning of
the U.S. federal securities laws, including (without
limitation) statements regarding our or our management’s
expectations, hopes, beliefs, intentions or strategies regarding
the future and other statements that are other than statements of
historical fact. In addition, any statements that refer to
projections, forecasts or other characterizations of future events
or circumstances, including any underlying assumptions, are
forward-looking statements. Forward-looking statements are
generally identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result” and similar expressions, but
the absence of these words does not mean that a statement is not
forward-looking. Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties.
Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: the Company’s goals and
strategies; the Company’s future business development; changes in
demand for online learning; changes in technology; fluctuations in
economic conditions; the growth of the online learning
industry the United States and the other markets the
Company serves or plans to serve; reputation and brand; the impact
of competition and pricing; government regulations; and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the Securities and
Exchange Commission (the “SEC”). For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company’s filings with the SEC, which
are available for review at www.sec.gov. The Company
undertakes no obligation to publicly update these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
Investor RelationsMZ Group - MZ North
America(949) 259-4987GNS@mzgroup.us www.mzgroup.us
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