Genius Group publishes its 2021 results and its 2022 forecasts
SINGAPORE, May 27, 2022 (GLOBE NEWSWIRE) — Genius Group Limited (NYSE American: GNS), a leading global information technology and education entrepreneur, today held its first call to investors as a public company, following its initial public offering on NYSE American on April 12, 2022.
During the earnings call, Genius Group Founder and CEO Roger James Hamilton discussed the company’s 2021 financial results for the pre-IPO and post-IPO group of companies. Pre-IPO group revenue increased 67% from $7.6 million in 2021 to $12.8 million, and pro forma post-IPO group revenue, including the four IPO acquisitions in 2021 , were $28.6 million.
The pre-IPO group saw growth across all revenue segments, with 83% growth in Digital Edtech revenue, 72% growth in Education revenue, and 54% growth in campus. The number of students on the Group’s GeniusU Edtech platform increased by 50% to reach 2.7 million students.
Mr. Hamilton provided an overview of Genius Group and its mission to disrupt the current education model, an overview of the company’s plans for growth organically and through acquisitions, and guidance for 2022. Expectations Management’s current figures are of a 50% growth in students, up to between 3.8 million and 4.0 million students, and revenue for the post-IPO group reaching $43-45 million.
Mr. Hamilton also covered the five priority development areas for the year, to ensure that GeniusU leverages the latest technologies while integrating post-IPO companies:
- Custom AI Engineering: To provide a personal lifelong learning journey for students at every stage of their life journey.
- Interactive layer: Enhance our real-world experience in what we learn, where we learn, and who we meet.
- Immersive learning: Through a mixed combination of high tech and high touch, live and engaging experiences.
- Integrated gain: With gamified Genius Education Merits (GEM) student credits, not student debt.
- Predictive Metaverse: A meta learning leader in the metaverse as it replaces apps and the internet.
Pre-IPO Group results include the four pre-IPO companies: holding company Genius Group, GeniusU, Entrepreneurs Institute and Entrepreneur Resorts. The Group’s pro forma results Post-IPO take into account the four IPO Acquisitions: Education Angels; E-Square Education; Antelope Valley University; and Real Estate Investors Network. The acquisitions of Education Angels, Property Investors Network and E-Square Education have been completed, while the acquisition of Antelope Valley University is nearing completion.
The investor call took place after market close on May 26, 2022 and is available on the investor relations page of the Company’s website (https://ir.geniusgroup.net/).
About Genius Group
Genius Group is a global leader in information technology and education, whose mission is to disrupt the current model of education with a lifelong learning program centered on the that prepares students for the leadership, entrepreneurship, and life skills needed to succeed in today’s marketplace. The group has more than 2.7 million students in 200 countries, aged 0 to 100. The Group consists of four pre-IPO companies (the “Pre-IPO Group”) and will include four companies to be acquired at or shortly after the closing of the Company’s IPO (the “Acquisitions IPO”). Three of these four IPO acquisitions, Education Angels, Property Investors Network and E-Squared, have already been completed.
Our pre-IPO group’s entrepreneur training system was delivered virtually and in-person, in multiple languages, locally and globally, primarily through the company’s custom-built, artificial intelligence (AI)-powered GeniusU Edtech platform. pre-IPO group for adults seeking to develop their entrepreneurial and leadership qualities.
The pre-IPO group includes Genius Group, GeniusU, Entrepreneurs Institute and Entrepreneur Resorts. This group of entrepreneur training companies has grown through organic growth and acquisitions, with a focus on adding value to each company through GeniusU, which is being developed to provide recommendations and personal AI-based advice to each student. The pre-IPO group is now expanding its educational system to age groups beyond its current adult audience, to children and young adults. The four IPO acquisitions will be the first steps towards this expansion. They will include: Education Angels, which offers early learning in New Zealand for children aged 0-5; E-Squared, which provides primary and secondary education in South Africa; Antelope Valley University, which grants professional certifications and college degrees in California, USA; and Property Investors Network, which offers courses and events on property investment in England.
Genius Group’s current plan is to combine the education programs of the IPO acquisitions with its current education programs and its Edtech platform under a lifelong learning system, and it has selected these acquisitions because they already share aspects of the Genius program and its focus on the entrepreneur. education.
This press release contains statements that constitute “forward-looking statements,” including with respect to 2022 student and revenue forecasts and the closing of acquisitions. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the “Risk Factors” section of the Company’s final prospectus for its initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Sally Butler, Senior Account Manager, Adia PR
Such. : +44 7961 730303 Email: [email protected]
Leila Dastyar, Account Manager, Adia PR
Such. : +44 7564 334198 Email: [email protected]
Dave Gentry, RedChip Companies, Inc.
Telephone: +1 407 4914498
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/de32331a-506f-4549-8e76-0013b1ccc3f4