Genius Group Limited Q2 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

Key Highlights

  • Revenue Growth: Genius Group reported total pro forma revenue of $16.57 million in H1 2022. Of this, $7.44 million came from Genius Group's core operations (17.2% YoY growth), and $9.13 million came from recently completed acquisitions.
  • Gross Margin: Group gross margin improved to 29.97%, while pro forma gross margin reached 48.49% due to enhanced campus performance and ownership of content.
  • Adjusted EBITDA: Negative adjusted EBITDA stood at -$1.96 million for the group and -$0.95 million on a pro forma basis. The increase in expenses reflects investment in marketing and senior leadership.
  • Cash & Equivalents: $7.58 million in cash and equivalents, with a pro forma total of $6.64 million. The company raised additional funds through IPO and convertible notes to strengthen liquidity.
  • Student & Partner Growth:
    • 2.8 million students on GeniusU; 6,500 new weekly sign-ups.
    • 39,124 paying students in 6 months (9.44% annualized growth).
    • 10,622 partners (7.9% annualized growth).
    • Pro forma student base of 4.2 million and 12,391 partners post-acquisitions.

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Operator: Greetings, and welcome to the Genius Group First Half 2022 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the call over to Flora Hewitt, Vice President of Investor Relations and Mergers and Acquisitions. Thank you. You may begin. Flora Hewitt: Hi, everyone, and thank you, for joining our first half 2022 earnings conference call. With me today is Roger Hamilton, Genius Group's Chief Executive Officer and Erez Simha, our Chief Financial Officer. Following their prepared remarks, we will open the call for questions. Our press release, including financial table, was issued pre-market opening and is posted on our Investor Relations website located at ir.geniusgroup.net where this call is being simultaneously webcast and where versions of our prepared remarks and supplemental slides are available. During this call, we will present both IFRS and non-IFRS measures. Please note that all growth percentages refer to year-over-year change unless otherwise specified. Additionally, all statements made during this call relating to future results and events are forward-looking statements based on current expectations. These forward-looking statements include, but are not limited to, statements regarding trends and their potential impact on our industry and our business, our

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