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Genius Group | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

Genius Group | 6-K:外国发行人报告

SEC announcement ·  03/07 08:04
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On March 6, 2024, Genius Group Limited, an entrepreneur edtech and education group, announced the closure of its subsidiary, the University of Antelope Valley (UAV), and the initiation of legal action against the sellers of UAV, Marco and Sandra Johnson. The UAV Board of Trustees issued a statement supporting the closure and transition of students, with Genius Group pursuing a civil suit in the Superior Court of California. Despite the closure, Genius Group does not anticipate a material impact on its financials, maintaining its 2024 revenue guidance of $58.0 million to $60.0 million, and adjusted EBITDA of $2.5 million to $3.0 million. The company also reported a growing user base for its AI Avatar C-Suite Teams on its Edtech platform, GeniusU, and a significant reduction in user acquisition costs. Genius Group's CEO, Roger Hamilton, expressed optimism about the demand for AI avatars and the company's ability to meet the growing need for AI-driven educational tools and resources.
On March 6, 2024, Genius Group Limited, an entrepreneur edtech and education group, announced the closure of its subsidiary, the University of Antelope Valley (UAV), and the initiation of legal action against the sellers of UAV, Marco and Sandra Johnson. The UAV Board of Trustees issued a statement supporting the closure and transition of students, with Genius Group pursuing a civil suit in the Superior Court of California. Despite the closure, Genius Group does not anticipate a material impact on its financials, maintaining its 2024 revenue guidance of $58.0 million to $60.0 million, and adjusted EBITDA of $2.5 million to $3.0 million. The company also reported a growing user base for its AI Avatar C-Suite Teams on its Edtech platform, GeniusU, and a significant reduction in user acquisition costs. Genius Group's CEO, Roger Hamilton, expressed optimism about the demand for AI avatars and the company's ability to meet the growing need for AI-driven educational tools and resources.
2024年3月6日,创业教育科技和教育集团Genius Group Limited宣布关闭其子公司羚羊谷大学(UAV),并对无人机卖方马可和桑德拉·约翰逊提起法律诉讼。无人机董事会发表声明,支持学生停课和过渡,Genius Group向加利福尼亚高等法院提起民事诉讼。尽管关闭,但Genius集团预计不会对其财务状况产生重大影响,维持其2024年的收入预期为5,800万美元至6,000万美元,调整后的息税折旧摊销前利润为250万美元至300万美元。该公司还报告说,其Edtech平台GeniusU上的AI Avatar高管团队的用户群不断增长,用户获取成本也显著降低。Genius Group首席执行官罗杰·汉密尔顿对人工智能头像的需求以及该公司满足对人工智能驱动的教育工具和资源不断增长的需求的能力表示乐观。
2024年3月6日,创业教育科技和教育集团Genius Group Limited宣布关闭其子公司羚羊谷大学(UAV),并对无人机卖方马可和桑德拉·约翰逊提起法律诉讼。无人机董事会发表声明,支持学生停课和过渡,Genius Group向加利福尼亚高等法院提起民事诉讼。尽管关闭,但Genius集团预计不会对其财务状况产生重大影响,维持其2024年的收入预期为5,800万美元至6,000万美元,调整后的息税折旧摊销前利润为250万美元至300万美元。该公司还报告说,其Edtech平台GeniusU上的AI Avatar高管团队的用户群不断增长,用户获取成本也显著降低。Genius Group首席执行官罗杰·汉密尔顿对人工智能头像的需求以及该公司满足对人工智能驱动的教育工具和资源不断增长的需求的能力表示乐观。
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