Update guidance! LIKE!
$Genius Group(GNS.US$ SINGAPORE, March 21, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered education group, announces updated financial guidance for the financial year ending December 31, 2024.
The updated guidance is over 100% higher than previously issued guidance as a result of the Company's expansion in operations following a series of recent transactions. The Company also has an accelerated go-to-market strategy based on its Genius City Model, which enables the Company to grow its AI education courses and acceleration offerings city-by-city, via four revenue streams: students, entrepreneurs, enterprises and government.
2024 Updated Financial Guidance:
• Annual pro forma 2024 revenue of $105 million - $110 million, an 83% increase from the previous 2024 revenue guidance of $58 million - $60 million guidance.
• Pro forma 2024 Adjusted EBITDA of $6.0 million - $7.0 million, a 133% increase from the previous 2024 Adjusted EBITDA guidance of $2.5 million - $3.0 million.
• Number of students (and users) of 11.5 million to 12 million.
Roger Hamilton, CEO of Genius Group, commented: "Our updated guidance for 2024 represents a significant increase compared to the guidance we released in January 2024."
The Company believes this is a strong indicator of the demand for AI-powered education and enablement that prepares students and users for the future world of work and entrepreneurship in the Age of AI. We are looking forward to an exciting year ahead and we believe that in addition to focusing on our annual performance goals, we will continue to lay the foundation for the decade ahead and the economy of tomorrow."
The updated guidance is over 100% higher than previously issued guidance as a result of the Company's expansion in operations following a series of recent transactions. The Company also has an accelerated go-to-market strategy based on its Genius City Model, which enables the Company to grow its AI education courses and acceleration offerings city-by-city, via four revenue streams: students, entrepreneurs, enterprises and government.
2024 Updated Financial Guidance:
• Annual pro forma 2024 revenue of $105 million - $110 million, an 83% increase from the previous 2024 revenue guidance of $58 million - $60 million guidance.
• Pro forma 2024 Adjusted EBITDA of $6.0 million - $7.0 million, a 133% increase from the previous 2024 Adjusted EBITDA guidance of $2.5 million - $3.0 million.
• Number of students (and users) of 11.5 million to 12 million.
Roger Hamilton, CEO of Genius Group, commented: "Our updated guidance for 2024 represents a significant increase compared to the guidance we released in January 2024."
The Company believes this is a strong indicator of the demand for AI-powered education and enablement that prepares students and users for the future world of work and entrepreneurship in the Age of AI. We are looking forward to an exciting year ahead and we believe that in addition to focusing on our annual performance goals, we will continue to lay the foundation for the decade ahead and the economy of tomorrow."
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
71370988 : good news, but the price keeps falling like a rock
TrytosaveabitOP 71370988: Yeah this thing is shorted so heavy!