Genius Group Announces Preliminary First Half 2024 Financial Results: 130% Pro Forma Revenue Growth

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GlobeNewswire 1w ago

Genius Group Announces Preliminary First Half 2024 Financial Results: 130% Pro Forma Revenue Growth - GlobeNewswire

Quick Summary:

We believe our AI education and acceleration model, including our Genius Cities platform and latest AI avatars, provides a powerful value add layer to our Bitcoin-first strategy, and we believe in the coming year we will solidify our leadership position in delivering AI powered training and tools for the future of work.” Preliminary Financial Highlights for the First Half of 2024 First half revenue of $13.2 million, compared to $11.8 million in 2023.

First half adjusted EBITDA net loss of ($5.9) million, compared to ($7.3) million first half adjusted EBITDA net loss in 2023, with adjusted EBITDA in 2024 excluding adjusted EBITDA from FatBrain prior to the transaction closed in March, and first half adjusted EBITDA in 2023 including adjusted EBITDA from Entrepreneur Resorts Ltd.

"Whilst our auditors complete their review of our first half financial results of 2024 in the coming weeks, we are pleased to provide preliminary results on our revenue and adjusted EBITDA.