Genius Group Limited Q4 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

  • Revenue: $18.2 million for 2022, up 118% from the restated 2021 revenue of $8.3 million. Pro forma revenue was $28.1 million. Adjusted 2022 pro forma guidance was $30–33 million, so actual performance was slightly below guidance due to accounting restatements.
  • Student Growth: GeniusU users increased from 2.7 million (2021) to 3.1 million (2022), a 15% growth. Paying students increased 15% to 43,000 with a 1.3% conversion rate—up from 1% in prior years. Including acquisitions, total paying students rose by 137% to 171,919.
  • Partner Growth: GeniusU partners rose from 10,200 (2021) to 13,000 (2022), or 27%. Including acquisitions, partners grew from 11,400 to 14,700 (29% increase).
  • Gross Margin: Improved from 33% (2021) to 47% (2022). Pro forma gross margin remained steady at 53%.
  • Operating Expenses: $50.5 million in 2022 vs $7.3 million in 2021. $28.2 million of this due to goodwill impairment tied to low share price. Admin expenses were $21.1 million.
  • Net Loss: $55.3 million in 2022 (vs. $4.5 million in 2021), largely due to one-time goodwill impairment and legal/finance costs. Adjusted EBITDA loss was $7.8 million (audited) or $7.3 million (pro forma).

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Operator: Greetings, welcome to the Genius Group Full-Year 2022 Financial Results. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] I will now turn the conference over to your host, Flora Hewitt, Vice President of Investor Relations, Mergers and Acquisitions. You may begin. Flora Hewitt: Hi, everyone, and thank you for joining our full-year 2022 earnings conference call. With me today is Roger Hamilton, Genius Group’s Chief Executive Officer; and Erez Simha, our Chief Financial Officer. Following the prepared remarks, we will open the call for questions. Our press release, including financial tables, was issued post-market closing and is posted on our investor relations website, located on investorrelations.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 gross percentages refer to year-on-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 relation

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