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Benzinga
Benzinga
Business
Shivani Kumaresan

Read How This Edtech Group Fared In FY21

Group GNS NYSE metaverse
  • Genius Group Limited (NYSE:GNS) said it posted revenue growth of 67% for the pre-IPO group to $12.8 million in FY21.
  • The Pre-IPO Group saw growth in all revenue segments, with 83% growth in digital Edtech revenue, 72% increase in education revenue, and 54% gain in campus revenue.
  • The number of students on the Group's GeniusU Edtech Platform grew by 50% to 2.7 million students.
  • It registered a pro forma revenue of $28.6 million for the post-IPO group.
  • Outlook: Genius Group sees FY22 student growth to be 50% to 3.8 million – 4 million.
  • It expects FY22 post-IPO revenue of $43 million - $45 million.
  • The company said it would focus on creating personalized AI, immersive learning, integrated earning, and predictive metaverse for FY22.
  • Price Action: GNS shares are trading lower by 1.28% at $7.70 on the last check Friday.
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