Genius Group 2024 Financial Guidance: 110% Growth to $56m - $60m Revenue with Positive EBITDA
2024年1月22日 - 10:30PM
Genius Group Limited Genius Group Limited (NYSE American:
GNS) (“Genius Group” or the “Company”), a leading entrepreneur
edtech and education group, announces its financial guidance for
the financial year ending December 31, 2024.
Genius Group’s financial guidance of 110%
revenue growth with positive EBITDA in 2024 is based on continued
strong growth in its AI-driven EdTech platform and portfolio of
entrepreneurial education courses. This follows the Company’s
recently revised guidance of a projected profitable 2023 on 43% to
60% revenue growth.
2024 Financial Guidance:
- Estimated annual revenue of $58m -
$60m, a 110% increase from $27m - $29m which was our 2023
guidance
- Number of students (and users) 9.5m
- 10m, a 67% increase from 5.7m – 6.0m 2023 guidance
- Adjusted EBITDA of $2.5m -
$3.0m
Roger Hamilton, CEO of Genius Group, commented:
“We continue to see high demand from our global community of
students and faculty for AI-driven, Web3-based learning solutions,
from our Genie AI and Genius Metaversity to our Ai-enabled Partner
Portal.”
“We believe 2024 is going to be an extremely
important year for both technology and education, with a continued
trend towards future-focused courses to prepare students,
entrepreneurs and employees for a world in which AI and exponential
technologies will play an increasingly important part.”
“We believe Genius Group is well positioned to
serve the companies and talent that are seeking to learn and earn
in the Age of AI, using our Genie AI to provide personalized
learning pathways for future-ready leaders. In addition, our
improving unit economics we believe will enable us to combine high
growth with positive adjusted EBITDA in 2024.”
About Genius Group
Genius Group is a world leading entrepreneur
Edtech and education group, with a mission to disrupt the current
education model with a student-centered, life-long learning
curriculum that prepares students with the leadership,
entrepreneurial and life skills to succeed in today’s market. The
group has a group user base of 5.4 million users in 200 countries,
ranging from early age to 100.
Non-IFRS Financial Measures
The Company has included certain non-IFRS
financial measures in this news release including Adjusted EBITDA
because it is a key measure used by our management and board of
directors to understand and evaluate our core operating performance
and trends, to prepare and approve our annual budget and to develop
short- and long-term operational plans. In particular, the
exclusion of certain expenses in calculating Adjusted EBITDA can
provide a useful measure for period-to-period comparisons of our
core business. Non-IFRS financial measures are not a substitute for
IFRS financial measures.
We calculate Adjusted EBITDA as Net loss for the
period plus income taxes plus/ minus net finance result plus
depreciation and amortization plus/minus share-based compensation
expenses plus bad debt provision. Share-based compensation expenses
and bad debt provision are included in General and administrative
expenses in the Consolidated Statements of Operations. Measuring
adjusted EBITDA is intended to provide additional information to
investors and should not be considered in isolation or as a
substitute for measures of performance prepared in accordance with
IFRS.
Reconciliations of non-IFRS measures, such as
Adjusted EBITDA, to the most comparable IFRS measures and
management’s reasoning for using them are included in the Company’s
earnings press release dated September 29, 2023, which is available
on the investor relations section of the Company’s website
at ir.geniusgroup.net. Investors are encouraged to read these
detailed financial disclosures and reconciliations.
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 and show not be relied upon and are not a guarantee
of performance.
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.
ContactsDave GentryRedChip
Companies Inc1-800-RED-CHIPGNS@redchip.com
Genius (AMEX:GNS)
過去 株価チャート
から 4 2024 まで 5 2024
Genius (AMEX:GNS)
過去 株価チャート
から 5 2023 まで 5 2024