Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading AI-powered education group, today announced
the release of a new research report from Diamond Equity Research,
an issuer sponsored equity research firm focused on small
capitalization companies, covering Genius Group’s common stock.
Genius Group has worked with Diamond Equity
Research to perform independent research that will create greater
awareness and exposure in the investment community for the
company’s AI education and acceleration platform preparing
students, entrepreneurs, businesses, and governments for the
exponential economies of tomorrow.
According to Diamond Equity Research, Genius
Group is uniquely positioned to disrupt the global education market
by providing learners of all ages a dynamic, innovative curriculum
tailored to their individual acumen and objectives.
The new report is available here. Notable
highlights from the report include:
-
Pro Forma Revenue Increases 150% in 2023, Management
Reaffirms $105 Million Guidance for 2024 - Genius Group
reported robust financial performance for the year ended December
31, 2023, achieving a 27% increase in total revenue, reaching $23.1
million compared to $18.2 million in 2022. This growth was driven
by a 37% increase in education revenue supported by a 24% rise in
the student and user base to 5.5 million, along with a marked
improvement in the conversion rate to 3.19% in 2023 from 1.20% in
the prior year.
-
Acquires FatBrain AI to Expand AI Education Offerings,
Targeting Significant Growth Potential - Genius Group
Limited and FatBrain AI have completed a strategic merger to form
an AI-powered Education and Acceleration group aimed at fostering
AI ecosystems for a diverse clientele including entrepreneurs,
enterprises, governments, and students.
-
Genius Group to Merge with OpenExO to Enhance Global AI
Education Network - Following the FatBrain merger, Genius
Group has entered into a definitive merger agreement with OpenExO
in an all-share transaction aimed at further expanding its global
AI Education Group.
-
Valuation: $2.25 - The company’s strategic
initiatives and acquisitions are pivotal in driving sustainable
growth and enhancing its market position. The acquisition of
FatBrain AI and the pending OpenExO transaction has accelerated its
plans to build a global AI education and acceleration network.
Leveraging its AI-powered Edtech platform, GeniusU is expanding its
offerings with in-demand AI training and tools designed to drive
future economies.
"We are appreciative for the coverage from
Diamond Equity Research, which enables us to gain broader exposure
in the market and share our growth driven story," said Roger James
Hamilton, Founder and CEO of Genius Group. “Diamond Equity Research
maintains a global emerging growth focused coverage universe of
small capitalization equities in a variety of industries including
education technology, making them an ideal fit to understand our
position and potential in the capital markets. Their research
serves as a valuable resource of independent information and
analysis, and we look forward to additional updates in the
future.”
About Diamond Equity Research
Diamond Equity Research is an equity research
and corporate access firm focused on small capitalization
companies. Diamond Equity Research is an approved sell-side
provider on major institutional investor platforms. For more
information, please visit www.diamondequityresearch.com.
About Genius Group
Genius Group (NYSE: GNS) is a leading provider
of AI-powered, digital-first education solutions, disrupting the
highly standardized system of traditional education with a
personalized, flexible and life-long learning curriculum for the
modern student. Genius Group services 5.4 million users in over 100
countries, providing personalized curriculums for individuals,
enterprises and governments. The comprehensive, AI-powered platform
offers programs for K-12 education, accredited university courses
and skills-based courses for entrepreneurs. To learn more, please
visit www.geniusgroup.net.
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.
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.
Disclosures
Diamond Equity Research, LLC (“DER”)has created
and distributed the referenced report. This report is based on
information DEL considers reliable, including the subject of the
report. This report does not explicitly or implicitly affirm that
the information contained within this document is accurate and/or
comprehensive, and as such should not be relied on in such a
capacity. All information contained within this report is subject
to change without any formal or other notice provided. Diamond
Equity Research, LLC is not a FINRA registered broker/dealer or
investment adviser and does not provide investment banking services
and follows customary internal trading procedures pending the
release of the report. This document is not produced in conjunction
with a security offering and is not an offering to purchase
securities. This report does not consider individual circumstances
and does not take into consideration individual investor
preferences. Recipients of this report should consult professionals
around their personal situation, including taxation. Statements
within this report may constitute forward-looking statements, these
statements involve many risk factors and general uncertainties
around the business, industry, and macroeconomic environment.
Investors need to be aware of the high degree of risk in micro
capitalization equities. Diamond Equity Research LLC is being
compensated by Genius Group Limited for producing research
materials regarding Genius Group Limited, and its securities, which
is meant to subsidize the high cost of creating the report and
monitoring the security, however, the views in the report reflect
that of Diamond Equity Research. All payments are received upfront
and are billed for an annual or semi-annual research engagement. As
of the date of this press release, the issuer had paid DER $54,000
for research services, which commenced 04/16/2022 and was billed
annually for the first year for $27,000 and 2 equal installments of
$13,500 for six-month periods in the following year, upfront in
each period. Diamond Equity Research LLC may be compensated for
non-research related services, including presenting at Diamond
Equity Research investment conferences, press releases and other
additional services. The non-research related service cost is
dependent on the company, but usually do not exceed $5,000. The
issuer has paid DER for non-research related services as of the
date of this press release consisting of $3,000 for presenting at a
virtual investment conference and $2,000 for organizing an
investment dinner. Additional fees may have accrued since then.
Diamond Equity Research, LLC is not a registered broker dealer and
does not conduct investment banking or receive commission sharing
revenue arrangements related to the subject company of the report.
The price per share and trading volume of subject company and
companies referenced in this report may fluctuate and Diamond
Equity Research, LLC is not liable for these inherent market
fluctuations. The past performance of this investment is not
indicative of the future performance, no returns are guaranteed,
and a loss of capital may occur. This report is disseminated
primarily electronically and is made available to all
recipients.
Investor Relations
MZ Group - MZ North America(949)
259-4987GNS@mzgroup.uswww.mzgroup.us
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