Audited Financial Results
The audited financial results are for the seven companies within Genius Group (excluding the FatBrain AI and pending OpenExO transactions completed and to be completed in 2024) and including nine months of Entrepreneur Resorts Ltd prior to its spin off in October 2023.
| | ● | During the year ended December 31, 2023, overall revenue totaled $23.1 million, or an increase of 27%, compared to $18.2 million in the previous year. This was driven by an increase in Education Revenue of 37% from $13.6 million to $18.6 million and decrease in campus revenue by 4% from $4.6 million in 2022 to $4.5 million in 2023 as a result of the ERL spin off. |
| | ● | Gross profit increased to $11.9 million or 52% of revenue compared to $8.6 million, or 47% or revenue in 2022. |
| | ● | Operating expenses decreased to $48.3 million in 2023 compared to $51.1 million in 2022. The decrease in our operating expenses is the result of lower impairments offset by continued investment in our business. |
| | ● | Net loss for 2023 was ($5.7) million compared to a net loss of ($56.0) million in 2022. Earnings per diluted share were $(0.10) in 2023 compared to $(2.47) in 2022. |
| | ● | Cash and equivalents on December 31, 2023 were $1.3 million. Total assets at December 31, 2023 were $43.2 million. |
Pro Forma Financial Results
Genius Group pro forma financial results is for the seven companies within Genius Group, taking into account the Group Companies including FatBrain AI with the transaction completed in March 2024, and excluding Entrepreneur Resorts Ltd, which spun off in October 2023, and pending OpenExO, as the agreement was completed in 2024 but final closing is pending various closing conditions being met.
The Pro Forma Financial Results should be viewed as the current group's financial performance, of which the audited financial results represent a subset of this group – the group prior to the 2024 FatBrain AI transaction. The historical results do not necessarily indicate our expected results for any future periods.
| | ● | During the year ended December 31, 2023, overall pro forma revenue totaled $70.4 million, compared to $28.1 million in 2022. |
Audited Financial Results
The audited financial results are for the seven companies within Genius Group (excluding the FatBrain AI and pending OpenExO transactions completed and to be completed in 2024) and including nine months of Entrepreneur Resorts Ltd prior to its spin off in October 2023.
經審計的財務業績適用於Genius集團旗下的七家公司（不包括FatBrain AI和待完成的OpenEXO交易，以及將於2024年完成和將要完成的OpenEXO交易），包括企業家度假村有限公司在2023年10月分拆之前的九個月的經審計的財務業績。
| | ● | During the year ended December 31, 2023, overall revenue totaled $23.1 million, or an increase of 27%, compared to $18.2 million in the previous year. This was driven by an increase in Education Revenue of 37% from $13.6 million to $18.6 million and decrease in campus revenue by 4% from $4.6 million in 2022 to $4.5 million in 2023 as a result of the ERL spin off. |
| | ● | 在截至2023年12月31日的年度中，總收入爲2310萬美元，與上一年的1,820萬美元相比增長了27％。這是由於ERL分拆的結果，教育收入增長了37％，從1,360萬美元增至1,860萬美元，以及校園收入從2022年的460萬美元下降到2023年的450萬美元，下降了4％。 |
| | ● | Gross profit increased to $11.9 million or 52% of revenue compared to $8.6 million, or 47% or revenue in 2022. |
| | ● | 毛利增至1190萬美元，佔收入的52％，而2022年爲860萬美元，佔收入的47％。 |
| | ● | Operating expenses decreased to $48.3 million in 2023 compared to $51.1 million in 2022. The decrease in our operating expenses is the result of lower impairments offset by continued investment in our business. |
| | ● | 運營支出從2022年的5,110萬美元降至2023年的4,830萬美元。我們運營開支的減少是減值的減少被對我們業務的持續投資所抵消的結果。 |
| | ● | Net loss for 2023 was ($5.7) million compared to a net loss of ($56.0) million in 2022. Earnings per diluted share were $(0.10) in 2023 compared to $(2.47) in 2022. |
| | ● | 2023年的淨虧損爲（570萬美元），而2022年的淨虧損爲（5,600萬美元）。2023年攤薄後每股收益爲0.10美元（0.10美元），而2022年爲2.47美元。 |
| | ● | Cash and equivalents on December 31, 2023 were $1.3 million. Total assets at December 31, 2023 were $43.2 million. |
| | ● | 截至2023年12月31日，現金及等價物爲130萬美元。截至2023年12月31日，總資產爲4,320萬美元。 |
Pro Forma Financial Results
Genius Group pro forma financial results is for the seven companies within Genius Group, taking into account the Group Companies including FatBrain AI with the transaction completed in March 2024, and excluding Entrepreneur Resorts Ltd, which spun off in October 2023, and pending OpenExO, as the agreement was completed in 2024 but final closing is pending various closing conditions being met.
Genius Group的預計財務業績是Genius集團旗下七家公司的財務業績，其中考慮了包括FatBrain AI在內的集團公司，交易於2024年3月完成，不包括企業家度假村有限公司，該公司於2023年10月分拆出來並等待OpenEXO，因爲該協議已於2024年完成，但最終成交尚待滿足各種成交條件。
The Pro Forma Financial Results should be viewed as the current group's financial performance, of which the audited financial results represent a subset of this group – the group prior to the 2024 FatBrain AI transaction. The historical results do not necessarily indicate our expected results for any future periods.
預計財務業績應被視爲當前集團的財務業績，其中經審計的財務業績代表該集團的一部分，即2024年FatBrain AI交易之前的集團。歷史結果不一定表示我們未來任何時期的預期業績。
| | ● | During the year ended December 31, 2023, overall pro forma revenue totaled $70.4 million, compared to $28.1 million in 2022. |
| | ● | 在截至2023年12月31日的年度中，預計總收入爲7,040萬美元，而2022年爲2,810萬美元。 |
