Genius Group Limited Q3 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

Financial Highlights (Comparing Q3 2022 YTD to Q3 2021 YTD)
  • Standalone Revenue: $14.42 million, up 16.68% year-over-year.
  • Pro Forma Revenue: $24.67 million for the nine months ending September 2022.
  • Gross Margin: Increased to 33.96% (Standalone); 47.33% (Pro Forma).
  • Adjusted EBITDA: Loss of $3.89 million (Standalone), compared to a $1.59 million loss year-over-year; Pro Forma loss of $2.99 million.
  • Deferred Revenue: $5.94 million due to upfront payments on enrollments.
  • Cash & Restricted Cash: $20.3 million combined ($8.97M cash + $11.33M restricted cash).
  • Pro Forma Shareholders' Equity: $60.25 million.
Operational Highlights
  • Total Students on Platform: 3.01 million as of September 2022, growing at 17.2% annualized rate.
  • Pro Forma Student Count: 4.35 million including acquisitions.
  • Paying Students: 41,282 YTD, a 40% annualized growth rate.
  • Total Partners: 10,751 as of September 2022, a 7% annualized growth. Pro forma: 12,521 partners.

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Operator: Hello, and welcome to the Genius Group Third Quarter 2022 Financial Results Conference Call and Webcast. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to your host, Flora Hewitt. Please go ahead. Flora Hewitt: Hi, everyone, and thank you for joining our third quarter 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 financial 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 ecosystem, platform, content, and partner relationships, our strategy and priorities, and our business mo

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