share_log

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

SEC announcement ·  Mar 21 17:22
Summary by Moomoo AI
Genius Group Limited, an AI-powered education group listed on the NYSE American as GNS, has released an updated financial guidance for the year ending December 31, 2024. The company now expects to achieve a revenue between $105 million to $110 million, with an Adjusted EBITDA of $6.0 million to $7.0 million. This updated forecast represents an 83% increase in revenue and a 133% increase in Adjusted EBITDA over the previous guidance. The significant upward revision is attributed to the company's operational expansion and recent transactions. Additionally, the company's innovative Genius City Model, which focuses on AI education courses and acceleration offerings, is expected to contribute to this growth across four revenue streams: students, entrepreneurs, enterprises, and government. The updated guidance also anticipates an increase in the number of students and users to between 11.5 million to 12 million. CEO Roger Hamilton expressed confidence in the revised projections, indicating strong demand for AI-powered education and the company's strategic positioning for future growth.
Genius Group Limited, an AI-powered education group listed on the NYSE American as GNS, has released an updated financial guidance for the year ending December 31, 2024. The company now expects to achieve a revenue between $105 million to $110 million, with an Adjusted EBITDA of $6.0 million to $7.0 million. This updated forecast represents an 83% increase in revenue and a 133% increase in Adjusted EBITDA over the previous guidance. The significant upward revision is attributed to the company's operational expansion and recent transactions. Additionally, the company's innovative Genius City Model, which focuses on AI education courses and acceleration offerings, is expected to contribute to this growth across four revenue streams: students, entrepreneurs, enterprises, and government. The updated guidance also anticipates an increase in the number of students and users to between 11.5 million to 12 million. CEO Roger Hamilton expressed confidence in the revised projections, indicating strong demand for AI-powered education and the company's strategic positioning for future growth.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more