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Genius Group ( NYSE: GNS ) climbs 7% premarket on announcing FY22 guidance
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FY22 revenue is now expected in the range of $48M - $52M, a 37% increase from $35M - $38M from prior guidance .
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Adjusted EBITDA to be between $0.5M - $1.0M vs prior view of -$4M to -$5M.
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Number of students (and users) 5.7M - 6.0M, a 30% increase from 4.4M – 4.6M prior guidance.
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CEO update: "In 2023 we are expecting Genius Group to continue our strong growth trajectory, and we are focused on managing our costs and achieving positive EBITDA. We have a strong management team in place, our integration process of our five acquisitions in 2022 is underway, and we are looking forward to a successful 2023."
For further details see:
Genius group gains on raising full year guidance