{"id":724882,"date":"2023-01-23T07:03:13","date_gmt":"2023-01-23T12:03:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/genius-group-2023-financial-guidance-48m-52m-revenue-positive-ebitda\/"},"modified":"2023-01-23T07:03:13","modified_gmt":"2023-01-23T12:03:13","slug":"genius-group-2023-financial-guidance-48m-52m-revenue-positive-ebitda","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/genius-group-2023-financial-guidance-48m-52m-revenue-positive-ebitda\/","title":{"rendered":"Genius Group 2023 Financial Guidance: $48m &#8211; $52m Revenue, Positive EBITDA"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Genius Group 2023 Financial Guidance: $48m &#8211; $52m Revenue, Positive EBITDA<\/b><\/p>\n<p>SINGAPORE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.geniusgroup.net%2F&amp;esheet=53288790&amp;newsitemid=20230123005258&amp;lan=en-US&amp;anchor=Genius+Group+Limited&amp;index=1&amp;md5=0a9e21805dc38cf7a3b084a9fba00178\">Genius Group Limited<\/a> (NYSE American: GNS) (\u201cGenius Group\u201d or the \u201cCompany\u201d), a leading entrepreneur edtech and education group, announces its financial guidance for the financial year ending December 31, 2023.\n<\/p>\n<p>\nGenius Group\u2019s 2023 financial guidance is heavily weighted towards the second half of the year as we 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 provides a clear path to positive EBITDA in 2023.\n<\/p>\n<p><b>2023 Financial Guidance:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nAnnual revenue of $48m &#8211; $52m, a 37% increase from $35m &#8211; $38m 2022 pro forma guidance\n<\/li>\n<li>\nNumber of students (and users) 5.7m &#8211; 6.0m, a 30% increase from 4.4m \u2013 4.6m 2022 guidance\n<\/li>\n<li>\nAdjusted EBITDA of $0.5m &#8211; $1.0m\n<\/li>\n<\/ul>\n<p>\nRoger Hamilton, CEO of Genius Group, commented: \u201cWe are experiencing strong demand for our entrepreneur and investor-related courses, and we are attracting world-class partners, from bestselling authors to social media influencers with large followings who see the value of integrating their in-demand content into our accredited courses. We believe the courses we deliver are counter-cyclical. In challenging economic times, more people seek out education to grow their financial literacy, entrepreneurial, and investing skills.\n<\/p>\n<p>\nIn 2023 we are expecting Genius Group to continue our strong growth trajectory, and we are focused on managing our costs and achieving positive EBITDA. We have a strong management team in place, our integration process of our five acquisitions in 2022 is underway, and we are looking forward to a successful 2023.\u201d\n<\/p>\n<p><b>About Genius Group<\/b><\/p>\n<p>\nGenius 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\u2019s market. The group has a group user base of 4.3 million users in 200 countries, ranging from ages 0 to 100.\n<\/p>\n<p><b>Non-IFRS Financial Measures<\/b><\/p>\n<p>\nThe Company has not provided the most directly comparable IFRS financial measure, or a quantitative reconciliation thereto, for its expected 2023 Adjusted EBITDA because at this time we have not yet finalized all the data to be able to reconcile certain forward-looking non-IFRS financial measures to the most comparable IFRS financial measures without unreasonable efforts due to uncertainty in predicting certain items.\n<\/p>\n<p>\nReconciliations of non-IFRS measures, such as Adjusted EBITDA, to the most comparable IFRS measures and management\u2019s reasoning for using them, are included in the Company\u2019s earnings press release dated November 30, 2022, which is available in the investor relations section of the Company\u2019s website at ir.geniusgroup.net. Investors are encouraged to read these detailed financial disclosures and reconciliations.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis 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\u2019s 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 \u201cbelieve,\u201d \u201cproject,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cwill be,\u201d \u201cwill continue,\u201d \u201cwill likely result\u201d 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.\n<\/p>\n<p>\nMany 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\u2019s goals and strategies; the Company\u2019s 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 \u201cSEC\u201d). 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\u2019s filings with the SEC, which are available for review at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53288790&amp;newsitemid=20230123005258&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=5f3e92ab319f610a2257209f4cebb5b2\">www.sec.gov<\/a>. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that arise after the date hereof.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230123005258r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230123005258\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230123005258\/en\/<\/a><\/span><\/p>\n<p>\nInvestors:<br \/>\n<br \/>Flora Hewitt, Vice President of Investor Relations and Mergers and Acquisitions<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:investor@geniusgroup.net\">investor@geniusgroup.net<\/a><\/p>\n<p>\nMedia: Adia PR<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:gns@adiapr.co.uk\">gns@adiapr.co.uk<\/a><\/p>\n<p>\nUS Investors:<br \/>\n<br \/>Dave Gentry<br \/>\n<br \/>RedChip Companies Inc<br \/>\n<br \/>1-800-RED-CHIP<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:GNS@redchip.com\">GNS@redchip.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Asia Pacific Singapore<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Education Software Technology Continuing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230123005258\/en\/1519102\/3\/gg_1.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Genius Group 2023 Financial Guidance: $48m &#8211; $52m Revenue, Positive EBITDA SINGAPORE&#8211;(BUSINESS WIRE)&#8211;Genius Group Limited (NYSE American: GNS) (\u201cGenius Group\u201d or the \u201cCompany\u201d), a leading entrepreneur edtech and education group, announces its financial guidance for the financial year ending December 31, 2023. Genius Group\u2019s 2023 financial guidance is heavily weighted towards the second half of the year as we 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 provides a clear path to positive EBITDA in 2023. 2023 Financial Guidance: Annual revenue of $48m &#8211; $52m, a 37% increase &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/genius-group-2023-financial-guidance-48m-52m-revenue-positive-ebitda\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Genius Group 2023 Financial Guidance: $48m &#8211; $52m Revenue, Positive EBITDA&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-724882","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Genius Group 2023 Financial Guidance: $48m - $52m Revenue, Positive EBITDA - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/genius-group-2023-financial-guidance-48m-52m-revenue-positive-ebitda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genius Group 2023 Financial Guidance: $48m - $52m Revenue, Positive EBITDA - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Genius Group 2023 Financial Guidance: $48m &#8211; $52m Revenue, Positive EBITDA SINGAPORE&#8211;(BUSINESS WIRE)&#8211;Genius Group Limited (NYSE American: GNS) (\u201cGenius Group\u201d or the \u201cCompany\u201d), a leading entrepreneur edtech and education group, announces its financial guidance for the financial year ending December 31, 2023. Genius Group\u2019s 2023 financial guidance is heavily weighted towards the second half of the year as we 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 provides a clear path to positive EBITDA in 2023. 2023 Financial Guidance: Annual revenue of $48m &#8211; $52m, a 37% increase &hellip; Continue reading &quot;Genius Group 2023 Financial Guidance: $48m &#8211; $52m Revenue, Positive EBITDA&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/genius-group-2023-financial-guidance-48m-52m-revenue-positive-ebitda\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-23T12:03:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230123005258r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genius-group-2023-financial-guidance-48m-52m-revenue-positive-ebitda\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genius-group-2023-financial-guidance-48m-52m-revenue-positive-ebitda\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Genius Group 2023 Financial Guidance: $48m &#8211; 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$52m Revenue, Positive EBITDA SINGAPORE&#8211;(BUSINESS WIRE)&#8211;Genius Group Limited (NYSE American: GNS) (\u201cGenius Group\u201d or the \u201cCompany\u201d), a leading entrepreneur edtech and education group, announces its financial guidance for the financial year ending December 31, 2023. 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We believe this will allow Genius Group to accelerate organic growth and provides a clear path to positive EBITDA in 2023. 2023 Financial Guidance: Annual revenue of $48m &#8211; $52m, a 37% increase &hellip; Continue reading \"Genius Group 2023 Financial Guidance: $48m &#8211; $52m Revenue, Positive EBITDA\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/genius-group-2023-financial-guidance-48m-52m-revenue-positive-ebitda\/","og_site_name":"Market Newsdesk","article_published_time":"2023-01-23T12:03:13+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230123005258r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genius-group-2023-financial-guidance-48m-52m-revenue-positive-ebitda\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genius-group-2023-financial-guidance-48m-52m-revenue-positive-ebitda\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Genius Group 2023 Financial Guidance: $48m &#8211; 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