Genius Group Reports 2021 Results and 2022 Guidance
May 27 2022 - 9:03AM
Genius Group Limited (NYSE American: GNS), a world-leading
entrepreneur Edtech and education group, today held their first
investor call as a public company, following their IPO 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 both the Pre-IPO Group and Post-IPO Group of companies.
The revenue for the Pre-IPO Group grew 67% from $7.6 million in
2021 to $12.8 million, and pro forma revenue for the Post-IPO Group
including the four IPO Acquisitions in 2021 was $28.6 million.
The Pre-IPO Group saw growth in all revenue
segments, with 83% growth in digital Edtech revenue, 72% growth in
education revenue and 54% growth in campus revenue. The number of
students on the Group’s GeniusU Edtech Platform grew by 50% to 2.7
million students.
Mr. Hamilton provided an overview of Genius
Group and its mission to disrupt the current education model,
insight into the Company’s plans for growth organically and through
acquisitions, and guidance for 2022. Current management
expectations are for 50% student growth, up to between 3.8 million
and 4.0 million students, and revenue for the Post-IPO group
reaching $43 million to $45 million.
Mr. Hamilton also covered the five areas of
development focus for the year, to ensure that GeniusU is
harnessing the latest technologies while integrating the Post-IPO
companies:
- Personalized AI
Genie: Giving a personal lifelong learning journey to
students at every stage of their life journey.
- Interactive Layer:
Enhancing our real-world experience in what we learn, where we
learn and who we meet.
- Immersive
Learning: Through blended combination of high tech and
high touch, live and engaging experiences.
- Integrated
Earning: With gamified Genius Education Merits (GEM)
Student Credits, not Student Debt.
- Predictive
Metaverse: A leader in metalearning in the metaverse as it
replaces apps and the internet.
Results for the Pre-IPO Group include the four
Pre-IPO companies: the holding company Genius Group, GeniusU,
Entrepreneurs Institute, and Entrepreneur Resorts. Pro forma
results for the Post-IPO Group take into account the four IPO
Acquisitions: Education Angels; E-Square Education; University of
Antelope Valley; and Property Investors Network. The acquisitions
of Education Angels, Property Investors Network and E-Square
Education have been consummated, while the acquisition of
University of Antelope Valley is in the process of closing.
The investor call took place after the market
closed on May 26, 2022 and is available on the investor relations
page of the Company’s website (https://ir.geniusgroup.net/).
About Genius GroupGenius Group
is a world-leading entrepreneur Edtech and education group, with a
mission to disrupt the current education model with a
student-centered, life-long learning curriculum that prepares
students with the leadership, entrepreneurial and life skills to
succeed in today’s market. The group has over 2.7 million
students in 200 countries, ranging from ages 0 to 100. The group
includes four pre-IPO companies (the “Pre-IPO Group”) and will
include four companies intended to be acquired at the time of, or
shortly after, the closing of the company’s initial public offering
(the “IPO Acquisitions”). Three of these four IPO Acquisitions,
Education Angels, Property Investors Network and E-Squared, have
already been consummated.
The entrepreneur
education system of our Pre-IPO Group has been delivered virtually
and in-person, in multiple languages, locally and globally mainly
via the Pre-IPO Group’s artificial intelligence (AI)-powered,
personalized GeniusU Edtech platform to adults seeking to grow
their entrepreneur and leadership skills.
The Pre-IPO Group includes Genius Group,
GeniusU, Entrepreneurs Institute and Entrepreneur Resorts. This
group of entrepreneur education 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
AI-driven personal recommendations and guidance for each student.
The Pre-IPO Group is now expanding its education 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 provides
early learning in New Zealand for children from 0-5 years old;
E-Squared, which provides primary and secondary school education in
South Africa; University of Antelope Valley, which provides
vocational certifications and university degrees in California,
USA; and Property Investors Network, which provides property
investment courses and events in England.
Genius Group’s current plan is to combine the
education programs of the IPO Acquisitions with its current
education programs and Edtech platform as part of one lifelong
learning system, and it has selected these acquisitions because
they already share aspects of the Genius curriculum and its focus
on entrepreneur education.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the student and revenue guidance for 2022 and the closing of the
acquisitions. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
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 undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Media Contacts: Sally
Butler, Senior Account Manager, Adia PR Tel: +44 7961
730303 Email: sally@adiapr.co.uk Leila Dastyar, Account
Manager, Adia PRTel: +44 7564 334198
Email: leila@adiapr.co.uk
Company Contact:Dave
Gentry, RedChip Companies, Inc.Phone: +1 407
4914498GNS@redchip.com
A photo accompanying this announcement is
available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/de32331a-506f-4549-8e76-0013b1ccc3f4
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