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Genius Group Limited - $GNS STOCK NEWS

Welcome to our dedicated page for Genius Group news (Ticker: $GNS), a resource for investors and traders seeking the latest updates and insights on Genius Group stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Genius Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Genius Group's position in the market.

Rhea-AI Summary

Genius Group has announced the exercise of Series 2024-C warrants, generating approximately $3.8 million in gross proceeds. The exercise involves 10,950,451 ordinary shares at $0.35 per share. H.C. Wainwright & Co. acted as the exclusive placement agent. In return, the company will issue new Series 2024-D and 2024-E warrants. The 2024-D warrants have a term of five and one-half years, and the 2024-E warrants have a term of two years. Additionally, certain existing warrants from April 2024 will be amended to reduce the exercise price, and new warrants will be issued. The proceeds will be used for general corporate purposes, including working capital, operating expenses, debt repayment, and supporting acquired assets. The offering is expected to close around May 22, 2024, subject to customary conditions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.51%
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Rhea-AI Summary

Genius Group (NYSE American: GNS) reported its financial results for 2023, showcasing significant growth. The company achieved a 27% increase in audited revenue to $23.1 million and a 150% rise in pro forma revenue to $70.4 million, including the impact of the FatBrain AI acquisition. The number of students and users grew 24% to 5.5 million.

Gross profit reached $11.9 million, up from $8.6 million in 2022, while net loss after tax drastically reduced by 90% to $5.7 million. Pro forma net loss was $0.8 million. The company continues to forecast a 2024 pro forma revenue of $105 million. Key developments include the launch of the Genius City model in various global hubs and the successful integration of AI tools and platforms.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.92%
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Rhea-AI Summary

Genius Group (NYSE American: GNS) will host an earnings call on May 16, 2024, to discuss its full-year financial results for 2023. The call will be available via dial-in and webcast, with a replay option provided. Investors can access the financial results press release prior to the call.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.49%
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Rhea-AI Summary

Genius Group (NYSE American: GNS) will be participating in the Sidoti Micro Cap Conference on May 8 and 9, 2024. The Company will present on May 8th at 10:00 a.m. Eastern Time, with management and the board available for one-on-one meetings with investors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
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conferences
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Rhea-AI Summary

Genius Group (NYSE American: GNS) has engaged MZ Group to lead a strategic investor relations and financial communications program to increase visibility in key markets. MZ Group will assist in highlighting Genius Group's AI-powered education solutions and disruptive approach. The partnership aims to enhance investor relations and brand awareness in the investment community.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
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none
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Rhea-AI Summary
Genius Group (NYSE American: GNS) announced the addition of leading education entrepreneurs as new shareholders. These include Brent Richardson, Dr Ali Saeed Bin Harmal Aldhaheri, and Michael Moe, who will also join the board. The investors bring a wealth of experience and expertise in the education sector, positioning Genius Group for future growth and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.39%
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none
Rhea-AI Summary
Genius Group appoints a purpose-built AI Avatar named 'Alan Turing' as its Chief AI Officer, pre-programmed with strategies, product plans, and real-time industry insights. The AI surpasses expectations, providing real-time updates, advice, and coding capabilities. This appointment coincides with AI passing the Turing Test, marking a significant milestone in AI development. The AI industry is evolving rapidly, with AI interactions becoming increasingly human-like.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
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management AI
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Rhea-AI Summary
Genius Group (NYSE American: GNS) has appointed Michael Moe, a renowned edtech investor, as the Non-Executive Chairman of its Board. Mr. Moe, known for his successful investments in companies like Facebook and Twitter, brings a wealth of experience in the digital learning sector. His role follows the recent business combination with FatBrain AI, where he is also a shareholder and Chairman.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.97%
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management
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Rhea-AI Summary
Genius Group (NYSE American: GNS) launches Singapore Genius City, a Sovereign AI Education Ecosystem, offering end-to-end AI courses. The Company aims to upskill students, entrepreneurs, and institutions with the latest AI tools. The launch event will take place in Singapore's Central Business District, with online courses available on GeniusU. The Genius City model focuses on 'high tech, high touch' education, with plans to launch similar cities in Dubai and Abu Dhabi. The roadmap includes forming partnerships, hosting AI events, launching AI certification programs, and providing AI Peer Intelligence tools and Sovereign AI Cloud in the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.41%
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AI
Rhea-AI Summary
Genius Group (GNS) launches AI Avatar Toolkit for personalized learning on its Edtech platform, GeniusU. Partners can create AI tutors with specific characteristics to provide tailored guidance to students. CEO Roger Hamilton highlights the scalability and global reach of AI avatars in education. The company also plans to integrate the AI Avatar Toolkit into its Partner Portal and launch an Enterprise Portal solution. A twelve-day 'AI Avatar Microschool' will guide partners in integrating AI avatars into their businesses for education, customer service, and content creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.54%
Tags
AI
Genius Group Limited

NYSE:GNS

GNS Rankings

GNS Stock Data

57.31M
63.82M
11.62%
3.03%
6.9%
Elementary and Secondary Schools
Educational Services
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United States of America
Singapore