Genius Group Limited, an AI-powered education provider, announced an updated investor presentation and compliance with NYSE guidelines on audit opinion on June 6, 2024. The presentation, released for the MicroCap Rodeo Spring Into Summer Investor Conference, highlighted the company's significant growth, including a pro forma revenue of $70 million, a 150% increase in pro forma revenue, and a 52% gross margin for 2023. The company also reported a 10x revenue growth over the past three years and aims to replicate this growth to reach 100 million students, establish 100 Genius Cities, and achieve $1 billion in revenue. Genius Group's freemium to premium edtech model targets key performance indicators such as under $1 cost per student and $10 revenue per student per year. The company's 2024 revenue growth forecast is...Show More

Genius Group Limited, an AI-powered education provider, announced an updated investor presentation and compliance with NYSE guidelines on audit opinion on June 6, 2024. The presentation, released for the MicroCap Rodeo Spring Into Summer Investor Conference, highlighted the company's significant growth, including a pro forma revenue of $70 million, a 150% increase in pro forma revenue, and a 52% gross margin for 2023. The company also reported a 10x revenue growth over the past three years and aims to replicate this growth to reach 100 million students, establish 100 Genius Cities, and achieve $1 billion in revenue. Genius Group's freemium to premium edtech model targets key performance indicators such as under $1 cost per student and $10 revenue per student per year. The company's 2024 revenue growth forecast is 50%, outpacing the 14% average of its Edtech peers. The announcement also addressed the unqualified audit opinion with a going concern paragraph included in the annual report filed on May 15, 2024, as required by NYSE American LLC Company Guide Section 610(b). Genius Group's CFO Adrian Reese confirmed the company's success in improving its balance sheet by paying off its convertible note and clearing contingent liabilities. CEO Roger Hamilton emphasized the company's growth plan and outreach to institutional investors, with a 2024 revenue guidance of over $100 million and a 50% year-on-year growth. The investor presentation is available on the company's investor relations website.