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.
经审计的财务业绩适用于Genius集团旗下的七家公司（不包括FatBrain AI和待完成的OpenEXO交易，以及将于2024年完成和将要完成的OpenEXO交易），包括企业家度假村有限公司在2023年10月分拆之前的九个月的经审计的财务业绩。
| | ● | 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，总收入为2310万美元，与上一年的1,820万美元相比增长了27％。这是由于ERL分拆的结果，教育收入增长了37％，从1,360万美元增至1,860万美元，以及校园收入从2022年的460万美元下降到2023年的450万美元，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1190万美元，占收入的52％，而2022年为860万美元，占收入的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. |
| | ● | 运营支出从2022年的5,110万美元降至2023年的4,830万美元。我们运营开支的减少是减值的减少被对我们业务的持续投资所抵消的结果。 |
| | ● | 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年的净亏损为（570万美元），而2022年的净亏损为（5,600万美元）。2023年摊薄后每股收益为0.10美元（0.10美元），而2022年为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，现金及等价物为130万美元。截至2023年12月31日，总资产为4,320万美元。 |
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的预计财务业绩是Genius集团旗下七家公司的财务业绩，其中考虑了包括FatBrain AI在内的集团公司，交易于2024年3月完成，不包括企业家度假村有限公司，该公司于2023年10月分拆出来并等待OpenEXO，因为该协议已于2024年完成，但最终成交尚待满足各种成交条件。
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.
预计财务业绩应被视为当前集团的财务业绩，其中经审计的财务业绩代表该集团的一部分，即2024年FatBrain AI交易之前的集团。历史结果不一定表示我们未来任何时期的预期业绩。
| | ● | 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，预计总收入为7,040万美元，而2022年为2,810万美元。 |
