The following is a summary of the Genius Group Limited (GNS) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Genius Group's Q1 2024 revenue increased by 27% year-over-year to reach $23.1 million.

• In the same year, gross profit grew 38% to $11.9 million with an expanded margin of 420 basis points.

• The net loss was reduced by 90% to $5.7 million, a significant improvement from the previous loss of $58 million.

• Following the acquisition of FatBrain AI, the company's pro forma revenues reached $70.4 million, with a gross profit of $17 million.

• For the financial year 2024, Genius Group aims to achieve a pro forma revenue in excess of $105 million.

Business Progress:

• Genius Group grew its student base by 24%, reaching 5.5 million students worldwide.

• The company is projecting a target of 10 million students by the end of 2024.

• The planned launch of the Genius City model in ten cities aims for each city to generate $10 million within three years.

• The merger with OpenExO and FatBrain AI has resulted in a comprehensive product suite, further expanding the company's capabilities in AI.

• Genius Group has ambitious plans for growth, aiming to reach 100 million students and $1 billion in annual revenue by 2030.

• The company is finalizing its deal with OpenExO, with further updates anticipated.

• High demand is expected to continue for AI education that Genius Group can deliver at scale.

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