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    Genius Group Announces 119% Revenue Growth for Full Year 2022, Expansion of Pro Forma Gross Margin to 53%

    6/6/23 8:05:00 AM ET
    $GNS
    Services-Misc. Amusement & Recreation
    Consumer Discretionary
    Get the next $GNS alert in real time by email

    SINGAPORE, June 06, 2023 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading entrepreneur edtech and education group, today announced its financial results for the full year 2022.

    Full Year 2022 Financial Highlights

    • Revenue growth of 119% to $18.2 million in 2022 from 2021 revenues of $ 8.3 million
    • Revenues on pro-forma basis of $28.1 million in 2022
    • Gross margin of 47% in 2022, compared to a gross margin of 33% in 2021
    • Pro forma gross margin of 53% in 2022
    • Net loss of ($55.3 million) in 2022 compared to net loss of ($4.5 million) in 2021 and pro forma net loss of ($54.9 million) in 2022, partially due to the Company's annual valuation testing of its goodwill and intangible asset fair market values,
    • Adjusted EBITDA net loss of ($7.8 million) in 2022 compared to an adjusted EBITDA net loss of ($2.3 million) in 2021 and pro forma adjusted EBITDA net loss of ($7.3 million) in 2022
    • Cash and equivalent as of December 31, 2022, of $5.7 million compared to $1.8 million as of December 31, 2021
    • Total assets of $91.3 million as of December 31, 2022 compared to $17.6 million as of December 31, 2021
    • Intangible assets of $16.1 million as of December 31, 2022 compared to $1.4 million as of December 31, 2021 as a result of the acquisitions completed this year
    • Goodwill of $31.7 million as of December 31, 2022 compared to $1.3 million as of December 31, 2021 as a result of the acquisitions completed this year
    • $36.5 million in derivative liabilities as of December 31, 2022 due to $12.5 million in contingent consideration and $24.0 million in options

    2022 Student and Partner Growth Highlights

    The Company exceeded its growth targets for students and partners:

    • Students and users growth of 58%, from 2.8 million students at the end of 2021 to 4.5 million students and users at the end of 2022, representing an average daily growth of 4,452 new students and users per day
    • Paying students and users growth of 137%, from 72,422 students and users at the end of 2021 to 171,919 paying students and users at the end of 2022, representing an average daily growth of 272 new paying students and users per day
    • Partner growth of 29% from 11,414 at the end of 2021 to 14,760 at the end of 2022

    Roger Hamilton, CEO of Genius Group, commented: "Genius Group has had a transformative year since its IPO in April 2022. We completed the acquisitions of 5 companies, grew at a significantly faster rate than the Edtech industry1, signed strategic partnerships and established an experienced leadership team to drive the growth of Genius Group and its subsidiaries. We plan to continue on this growth trajectory in 2023 as we attract new free and paying students, sign new partnerships, further integrate our past acquisitions and pursue our acquisition strategy."

    2022 Strategic and Operational Highlights

    • IPO of Genius Group on the NYSE American in April 2022
    • Appointment of experienced leadership team and Board members including Erez Simha, Rav Karwal, Tim Murphy and Richard Berman
    • Entered into a Securities Purchase Agreement for the sale of $18.1 million principal amount of Senior Secured Convertible Notes in a private placement with an institutional investor for a purchase price of $17 million
    • Completed the acquisitions of Education Angels, Property Investors Network Ltd, E-Square Education Enterprises (Pty) Ltd, the University of Antelope Valley Inc and Revealed Films Inc
    • Continued growth of GeniusU edtech platform with students in 200 countries
    • Expanded entrepreneur education offering from entrepreneurs and investors to a lifelong learning pathway from early age to 100 years old
    • Launched Entrepreneur Campus and Investor Campus, with Global Summits featuring New York Times Bestselling Authors and Social Media Thought Leaders.

    Recent Strategic and Operational Highlights

    • Share repurchase and share consolidation resolutions approved during the Extraordinary General Meeting held in February 2023
    • Issued a $10 per share digital discount coupon to Genius Group shareholders in partnership with Upstream Exchange
    • Genius Group dual listing on Upstream in April 2023
    • Board and shareholder approval, pending NYSE approval for a $37 million spin-off of Entrepreneur Resorts Ltd (based on its current share price), scheduled for Q3 2023
    • Launch of 2023 Prospectus featuring personalized, lifelong learning pathway in entrepreneur education
    • Launch of California Business School at UAV and partnership with Swiss School of Business and Management, delivering MBA and DBA courses with access to Genius Group's Global Entrepreneur Program, featuring New York Times Bestselling Authors in leadership, marketing, technology and entrepreneurship
    • Continued student and partner growth on GeniusU platform, with launch of AI-based Partner Portal and Genie AI, powered by GPT4
    • Increased management focus on larger strategic acquisitions as a key growth strategy

    Financial Guidance

    Genius Group maintains its 2023 financial guidance as we will accelerate the integration of our acquired companies and expect growing operating leverage driven by top line synergies from our EdTech platform and the digitization of our portfolio of products. We believe this will allow Genius Group to accelerate organic growth and provide a clear path to positive EBITDA in 2023. 

    Webcast and Conference Call

    Genius Group will host a live webcast to discuss the results Tuesday June 6 at 5:00 p.m. ET / 5:00 a.m. SGT. The webcast and supplemental information can be accessed on the investor relations section of the Genius Group website. An archive will be available after the conclusion of the live event and will remain available via the same link for 6 months.

    Time: Tuesday, June 6, 2023, at 5:00 p.m. ET / 5:00 a.m. SGT

    Webcast: Click on this link or go to the Investor Relations section of the Genius Group website to listen and view the slides. 

    Dial-in: 877-407-0712 / +1 201-493-6716

    About Genius Group

    Genius Group is a 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 a group user base of 4.5 million students and users in 200 countries, ranging from early age to 100.

    For more information, please visit https://www.geniusgroup.net/.

    Investor Notice

    Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described in our most recent Annual Report on Form 20-F for the fiscal year ended December 31, 2022, filed with the SEC on June 6, 2023. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Forward-Looking Statements" below. 

    Forward-Looking Statements 

    Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as "may," "will," "plan," "should," "expect," "anticipate," "estimate," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading "Risk Factors" in the Company's Annual Reports on Form 20-F, as may be supplemented or amended by the Company's Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. 

    GENIUS GROUP LIMITED AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

    (Expressed in US Dollars)

        For the year ended December 31, 
      Note 2022  2021 
    ASSETS          
    Current Assets          
    Cash and cash equivalents   $5,720,569  $1,784,938 
    Restricted cash 2  11,108,816   — 
    Accounts receivable, net 2  4,856,637   1,018,003 
    Other Receivables 5  120,304   66,000 
    Due from related parties 6  351,357   44,245 
    Inventories 7  1,001,977   92,530 
    Prepaid expenses and other current assets 8  1,090,787   3,490,446 
    Total Current Assets    24,250,447   6,496,162 
    Property and equipment, net 9  563,131   6,776,116 
    Operating lease right-of-use asset 10  12,573,710   1,077,241 
    Investments at fair value 11  29,071   29,069 
    Goodwill 12  31,688,887   1,320,100 
    Intangible assets, net 13  16,107,293   1,394,969 
    Other receivables 5  732,716   — 
    Due from related parties 6  5,288,264   — 
    Other non-current assets 15  26,108   501,750 
    Total Assets   $91,259,627  $17,595,407 
               
    LIABILITIES AND STOCKHOLDERS' EQUITY          
    Current Liabilities          
    Accounts payable   $1,672,306  $1,078,381 
    Accrued expenses and other current liabilities 16  3,809,540   2,064,302 
    Deferred revenue 17  6,391,993   2,561,912 
    Income tax payable 2  355,023   — 
    Due to related parties 19  2,932,090   425,551 
    Operating lease liabilities - current portion 10  1,590,538   436,271 
    Loans payable - current portion 18  334,391   65,415 
    Convertible debt obligations - current portion 20  5,752,328   507,765 
    Short term debt 20  539,245   — 
    Total Current Liabilities    23,377,454   7,139,597 
    Due to related parties 19  1,729   — 
    Operating lease liabilities – non-current portion 10  11,394,337   894,589 
    Loans payable – non-current portion 18  428,025   85,858 
    Convertible debt obligations - non-current portion 20  2,223,523   766,245 
    Deferred tax liability 14  3,391,129   723,122 
    Derivative liabilities 21  36,488,594   — 
    Total Liabilities    77,304,791  $9,609,411 
    Stockholders' Equity          
    Contributed capital 22  110,534,000   50,924,276 
    Subscriptions receivable 22  (1,900,857)  (1,900,857)
    Reserves    (32,933,714)  (31,888,638)
    Accumulated deficit    (68,539,210)  (13,493,684)
    Capital and reserves attributable to owners of Genius Group Ltd    7,160,219   3,641,097 
    Non-controlling interest    6,794,617   4,344,899 
    Total Stockholders' Equity    13,954,836   7,985,996 
    Total Liabilities and Stockholders' Equity   $91,259,627  $17,595,407 

    The accompanying notes are an integral part of these consolidated financial statements and are disclosed in the 20F filing.



    GENIUS GROUP LIMITED AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

    (Expressed in US Dollars)

        For the year ended December 31, 
      Note 2022  2021

    As restated (1)
     
    Revenue 23 $18,193,616  $8,294,804 
    Cost of revenue 2  (9,554,327)  (5,537,346)
    Gross profit    8,639,289   2,757,458 
               
    Operating (Expenses) Income          
    General and administrative 25  (21,073,794)  (7,211,204)
    Depreciation and amortization 9  (1,182,413)  (38,864)
    Other operating income 24  144,396   490,300 
    Impairment loss 9,12,13  (28,246,010)  — 
    (Loss) gains from foreign currency transactions 2  135,625   (166,174)
    Total operating expenses    (50,222,196)  (6,925,942)
    Loss from Operations    (41,582,907)  (4,168,484)
    Other Expense          
    Other Income 24  418,437   — 
    Revaluation adjustment of contingent liabilities 21  (13,838,197)  — 
    Interest expense, net 26  (1,312,476)  (449,566)
    Total Other Expense    (14,732,236)  (449,566)
    Loss Before Income Tax    (56,315,143)  (4,618,050)
    Income Tax Benefit 27  1,063,596   128,852 
    Net Loss    (55,251,547)  (4,489,198)
    Other comprehensive income:          
    Foreign currency translation 2  (1,045,076)  230,081 
    Total Comprehensive Loss   $(56,296,623) $(4,259,117)
               
    Net Loss is attributed to: 28        
    Owners of Genius Group Ltd    (55,045,526)  (4,315,239)
    Non-controlling interest    (206,021)  (173,959)
    Net Loss    (55,251,547)  (4,489,198)
               
    Total Comprehensive Loss is attributable to:          
    Owners of Genius Group Ltd    (56,090,602)  (4,085,158)
    Non-controlling interest    (206,021)  (173,959)
    Total Comprehensive Loss   $(56,296,623) $(4,259,117)
               
    Net loss per share attributed to common stockholders, basic and diluted   $(2.44) $(0.28)
    Weighted-average number of shares outstanding, basic, and diluted    22,634,366   16,155,812 
    Number of shares outstanding, basic, and diluted    27,705,227   16,155,812 

    1) Restatement details in 20F filing.

    The accompanying notes are an integral part of these consolidated financial statements and are disclosed in the 20F filing.



    GENIUS GROUP LIMITED AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF CASH FLOWS

    (Expressed in US Dollars)

      For the year Ended December 31, 
      2022  2021 
    CASH FLOWS FROM OPERATING ACTIVITIES:        
    Net Loss $(55,251,547) $(4,489,198)
    Adjustments to reconcile net loss to net cash used in operating activities:        
    Stock-based compensation  1,308,784   293,837 
    Depreciation and amortization  2,350,640   1,574,913 
    Amortization of tax liability  (1,284,166)   105,650 
    (Gain) loss on foreign exchange transactions  (135,625)  166,174 
    Provision for doubtful accounts  (1,509,486)  (39,108)
    Impairment loss  28,246,010   — 
    Revaluation adjustment on contingent liabilities  13,838,197   — 
    Amortization of debt discount  —   140,837 
    Interest expense on lease liabilities  491,336   131,291 
    Changes in operating assets and liabilities        
    Accounts receivable  1,161,349   (30,554)
    Other receivable  (19,138)  (66,000)
    Prepaid expenses and other current assets  1,489,459   (1,927,176)
    Inventory  (545,449)  20,013 
    Accounts payable  (107,372)  256,562 
    Accrued expenses and other current liabilities  751,442   254,080 
    Deferred revenue  996,324   1,015,200 
    Deferred tax liability  220,570   (257,953)
    Income tax payable  (237,759)  — 
    Other non-current liabilities  —   (217,291)
    Total Adjustments  47,015,116   1,420,475 
    Net cash used in operations  (8,236,431)  (3,068,723)
    CASH FLOWS FROM INVESTING ACTIVITIES:        
    Internally developed software  (743,995)  (804,314)
    Acquisitions  (8,843,458)  — 
    Purchase of equipment  (222,680)  (77,797)
    Acquisition of intangible  (279,356)  — 
    Net cash used in investing activities:  (10,089,489)  (882,111)
    CASH FLOWS FROM FINANCING ACTIVITIES:        
    Amount due to/from related party, net  (221,842)  (154,345)
    Proceeds from derivative liability, net  (250,000)  — 
    Advance received for share issuances      953,087 
    Proceeds from IPO, net  17,308,453   — 
    Proceeds from convertible debt, net of issuance costs  4,184,964   — 
    Proceeds from equity issuances  2,701,215   3,127,442 
    Issuance from convertible debt  (509,311)  — 
    Lease liabilities  (957,430)  (758,522)
    Proceeds from Loan  972,593   — 
    Repayment of Loan  (1,285,181)  (71,967)
    Net cash provided by financing activities  21,943,461   3,095,695 
    Increase (decrease) in cash and cash equivalents during the year  3,617,541   (855,139)
    Foreign exchange impact on cash  318,090   366,926 
    Cash and cash equivalents, beginning of year  1,784,938   2,273,151 
    CASH AND CASH EQUIVALENTS, END OF THE YEAR $5,720,569  $1,784,938 
    Supplemental Disclosures of Cash Flow Information:        
    Cash paid during the period for interest $847,520  $202,176 
    Non-Cash Investing and Financing Activities        
    Fair value of shares issued in satisfaction of a liability $350,000  $— 
    Fair value of shares issued for the acquisition of entities $35,098,001  $— 
    Fair value of shares issued for conversion of convertible notes $7,829,607  $293,837 

    The accompanying notes are an integral part of these consolidated financial statements and are disclosed in the 20F filing.

    Pro Forma Financials

    The following tables set forth summary combined pro forma financial data and audited summary consolidated financial data for the periods and as of the dates indicated. The summary combined unaudited pro forma financial data below includes the consolidated financials of all companies in the Genius Group, including the Pre-IPO Group and the Acquisitions as if they were operating as one group in the periods indicated. The pro forma financials for 2022 include the audited financial data of the Pre-IPO Group and Acquisitions from the audited financials and the unaudited financial data of the Acquisitions.

    The summary income data for the years ended December 31, 2022 and 2021 and the summary balance sheet data as of December 31, 2022 and 2021 for the Group are derived from the audited consolidated financial statements included in this Annual Report. Our audited consolidated financial statements have been prepared in U.S. dollars and in accordance with IFRS, as issued by the IASB.

    Genius Group is made up of nine companies (taking into account the Acquisitions) that have varying financial performance. For this reason, you should read the summary combined pro forma financial data in conjunction with our audited consolidated financial statements and related notes beginning on page F-1 of this Annual Report, and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included elsewhere in this Annual Report. Our historical results do not necessarily indicate our expected results for any future periods.

      Genius Group  Group 
      Pro forma  Audited Financials 
      Year Ended  Year Ended 
      December 31,  December 31, 
      2022  2022  2021 
      (USD 000's)  (USD 000's)  (USD 000's) 
    Sales  28,129   18,194   8,295 
    Cost of goods sold  (13,328)  (9,555)  (5,537)
    Gross profit  14,801   8,639   2,757 
    Other Operating Income  280   280   324 
    Operating Expenses  (57,013)  (50,502)  (7,250)
    Operating Loss  (41,932)  (41,583)  (4,168)
    Other income  1,172   419   0 
    Other Expense  (15,207)  (15,151)  (450)
    Net Loss Before Tax  (55,967)  (56,315)  (4,618)
    Tax Benefits  1,064   1,064   129 
    Net Loss After Tax  (54,903)  (55,252)  (4,489)
    Other Comprehensive Loss  (1,045)  (1,045)  230 
    Total Loss  (55,948)  (56,297)  (4,259)
    Net income per share, basic and diluted  (2.43)  (2.44)  (0.28)
    Weighted-average number of shares outstanding, basic and diluted  22,634,366   22,634,366   16,155,812 



      Genius Group  Group 
      Pro forma  Audited Financials 
      Year Ended  Year Ended 
      December 31,  December 31, 
      2022  2022  2021 
      (USD 000's)  (USD 000's)  (USD 000's) 
    Summary Balance Sheet Data:            
    Total current assets  24,251   24,251   6,496 
    Total non-current assets  67,009   67,009   11,099 
    Total Assets  91,260   91,260   17,595 
    Total current liabilities  23,378   23,378   7,140 
    Total non-current liabilities  53,927   53,927   2,469 
    Total Liabilities  77,305   77,305   9,609 
    Total Stockholders' Equity  13,955   13,955   7,986 
    Total Liabilities and Shareholders' Equity  91,260   91,260   17,595 



    Non-IFRS Financial Measure

    We have included Adjusted EBITDA in this Annual Report because it is a key measure used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. In particular, the exclusion of certain expenses in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business. Non-IFRS financial measures are not a substitute for IFRS financial measures.

    We calculate Adjusted EBITDA as Net loss for the period plus income taxes plus/ minus net finance result plus depreciation and amortization plus/minus share-based compensation expenses plus bad debt provision. Share-based compensation expenses and bad debt provision are included in General and administrative expenses in the Consolidated Statements of Operations.

      Genius Group  Group 
      Pro forma  Audited Financials 
      Year Ended  Year Ended 
      December 31,  December 31, 
      2022  2022  2021 
      (USD 000's)  (USD 000's)  (USD 000's) 
    Net Loss  (54,903)  (55,252)  (4,489)
    Tax Benefits  (1,064)  (1,064)  (129)
    Interest Expense, net  1,325   1,312   450 
    Depreciation and Amortization  2,453   2,351   1,575 
    Impairment  28,246   28,246   — 
    Revaluation Adjustment of Contingent Liabilities  13,838   13,838   —  
    Stock Based Compensation  1,309   1,309   294 
    Bad Debt Provision  1,529   1,509   (39)
    Adjusted EBITDA  (7,267)  (7,750)  (2,338)



    Key Business Metrics

    We monitor the key business metrics and Non-IFRS financial measures to help us evaluate our business and growth trends, set growth targets and budgets, and measure the effectiveness of our sales and marketing efforts. These key business metrics and Non-IFRS financial measures are presented for supplemental informational purposes only, are not a substitute for IFRS financial measures, and may differ from similarly titled metrics or measures presented by other companies. See "Management's Discussion and Analysis of Financial Condition and Results of Operations — Key Business Metrics and Non-IFRS Financial Measures" for detailed descriptions of the measures and metrics.

    Education segment – Genius Group (including Acquisitions)

      Key Business Metrics –

    Education Segment

    Pro Forma Year Ended December 31,
     
      2022  2021 
    Number of students and users  4,450,852   2,825,628 
    Number of Free Students and users  4,278,933   2,768,530 
    Number of Paying Students and users  171,919   72,422 
    Number of Partners  14,760   11,414 
    Number of countries of operation  191   191 
    Marketing Spend  1,994,331   1,139,928 
    Education Revenue  23,469,609   25,468,253 
    Revenue from New Paying Students  10,164,848   7,377,236 
    New Students  1,640,698   890,328 
    New Paying Students  19,681   10,425 
    Conversion rate  1.20%  1.17%
    Average Acquisition Cost per New Paying Student  101   109 
    Average Annual Revenue per New Paying Student  516   707 
    Net Income (Loss) margin  (172.07)%  (4.56)%
    Adjusted EBITDA margin  (11.76)%  4.10%

    Campus segment – Entrepreneur Resorts

      Key Business Metrics –

    Campus Segment

    Pro Forma Year Ended December 31,
     
      2022  2021 
    Revenue  4,638,122   3,100,750 
    No of Locations  6   6 
    No of Seats/Rooms  367   367 
    Utilization  33%  28%
    Total Orders  136,204   96,390 
    Revenue Per Order  34   32 



    Contacts

    Investors:

    Flora Hewitt, Vice President of Investor Relations and Mergers and Acquisitions

    Email: [email protected]

    Media Contacts: Adia PR

    Email: [email protected]

    US Investors: 

    Dave Gentry

    RedChip Companies Inc

    1-800-RED-CHIP

    [email protected]


    1 Holon IQ Edtech growth estimated of 16.3% CAGR from 2019 to 2025



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    • Genius Group CEO, Roger Hamilton's X Account Hacked

      SINGAPORE, May 10, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered, Bitcoin-first education group, today announced that the X account of its CEO, Roger Hamilton (X handle: @rogerhamilton), has been compromised. The hackers posted false information without the Company's knowledge or consent regarding an alleged token launch by the Company. Any posts, solicitations or other messages allegedly announcing this are false and must not be relied upon. The Company and Mr. Hamilton urge the public and all Genius Group investors, partners and customers to disregard all posts and private messages they receive from this account, from ye

      5/10/25 11:15:00 PM ET
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    • Genius Group Announces 2024 Financial Results, 303% NAV Growth

      Increase in Net Asset Value (NAV) to $79.4 million from $19.7 million in 2023. SINGAPORE, April 30, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered, Bitcoin-first education group, announced today its financial results for the year ended December 31, 2024. Business Highlights for Fiscal 2024 As a result of the restructured financials due to the failed asset purchase agreement currently the subject of arbitration and the RICO lawsuit filed by the Company, 2024 audited revenue of $7.9 million compared to $23.1 million in 2023.5.8 million students and users compared to 5.5 million in 2023.Reduction in cost of revenue to $5.3 m

      4/30/25 8:15:00 AM ET
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    Financials

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    • Genius Group calls EGM to approve share buyback, cancels rights offering.

      SINGAPORE, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered, Bitcoin-first education group, announced today that its Board of Directors (the "Board") has called for an EGM for shareholders to authorize the Board to carry out a share buyback of up to 20% of the issued share capital of the Company, and to approve the creation of a new class of ordinary shares and preferred shares. In light of the Company's current share price below the exercise price of its previously announced rights offering, the Board has also voted to cancel the rights offering at this time. The Company will continue with its plan to increase its B

      2/12/25 8:00:00 AM ET
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    • Genius Group acquires Bitcoin Learning Platform, XD Academy

      SINGAPORE, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered, Bitcoin-first education group, today announced that it has acquired Bitcoin and Blockchain Learning Platform, XD Academy. XD Academy, originally launched as BitMEX Academy, the learning platform for cryptocurrency exchange, BitMEX. It was subsequently spun off as a separate company, led by its founder and CEO, Lawrence Linker. Genius Group has acquired XD Academy's learning platform and courses, which it is integrating into its Genius learning platform, including: "The Economics of Bitcoin" by Saifedean Ammous, the author of "The Bitcoin Standard", the be

      12/6/24 8:00:00 AM ET
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    • Genius Group Announces New Equity Research Report from Diamond Equity Research

      SINGAPORE, June 28, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE: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

      6/28/24 8:00:00 AM ET
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    Leadership Updates

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    • Genius Group Restructures Board with Four New Appointees

      SINGAPORE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered education and acceleration group, today announced changes to its Board and Management team commensurate with its international growth plans. The Company's Board of Directors has appointed Eduardo Huerta-Mercado Herrera, Ian Putter, Thomas Power and Gary Pattison to the Board, bringing with them extensive experience at Board and Senior Management levels in high-growth, international public companies and higher education institutions. Eduardo Huerta-Mercado Herrera is a seasoned education professional and currently the Director of the Innovati

      10/15/24 1:35:00 PM ET
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    • Genius Group Appoints Global Learning Leader Riaz Shah to Board of Directors

      Renowned Education Veteran Brings 20+ Years of Industry Experience to the Board SINGAPORE, July 24, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered education group, today announced the appointment of global learning leader Mr. Riaz Shah, OBE to its Board of Directors. Mr. Shah is Professor of Practice for Innovation & Leadership at Hult International Business School, where he leads sessions with senior executives, focusing on global megatrends, digital disruption and innovation. Previously, he served for over 20 years as a Partner at global professional services firm Ernst & Young (EY) – from 2002 to 2023. His experience in

      7/24/24 8:00:00 AM ET
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    • Genius Group Appoints Alan Turing AI as Chief AI Officer

      SINGAPORE, April 24, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered education group, today announced the appointment of a purpose built and optimized AI Avatar, "Alan Turing", as its Chief AI Officer, at a time when AI has passed the Turing Test. "Alan Turing" AI has been developed and pre-programmed by the Company's AI team with the style, expertise and body of work of English mathematician and scientist, Alan Turing, who is widely considered to be the founding father of artificial intelligence and computer science. Genius Group have also pre-programmed their "Alan Turing" AI Avatar with the strategies, product pl

      4/24/24 7:00:00 AM ET
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    • SEC Form SC 13G filed by Genius Group Limited

      SC 13G - Genius Group Ltd (0001847806) (Subject)

      11/14/24 5:32:28 PM ET
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    • SEC Form SC 13G filed by Genius Group Limited

      SC 13G - Genius Group Ltd (0001847806) (Subject)

      2/20/24 5:11:20 PM ET
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    SEC Filings

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    • SEC Form 6-K filed by Genius Group Limited

      6-K - Genius Group Ltd (0001847806) (Filer)

      5/22/25 8:10:36 AM ET
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    • SEC Form 6-K filed by Genius Group Limited

      6-K - Genius Group Ltd (0001847806) (Filer)

      5/21/25 8:06:25 AM ET
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    • Amendment: SEC Form SCHEDULE 13G/A filed by Genius Group Limited

      SCHEDULE 13G/A - Genius Group Ltd (0001847806) (Subject)

      5/14/25 3:04:16 PM ET
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