Genius Group Expects Full Year 2023 Revenue In The Range Of $27M-$29M, Implying 43%-60% Increase YoY, Net profit Will Be $3.0M-$5.0M From Prior Guidance Of $(15.4)M-$(17.0)M Net Loss
Portfolio Pulse from Benzinga Newsdesk
Genius Group anticipates a significant increase in full-year 2023 revenue, projecting $27M-$29M, which suggests a 43%-60% year-over-year growth. The company also revised its net profit guidance to $3.0M-$5.0M, a substantial improvement from the previously expected net loss of $(15.4)M-$(17.0)M.
December 15, 2023 | 12:09 pm
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POSITIVE IMPACT
Genius Group has significantly raised its revenue and net profit forecasts for FY2023, indicating a strong financial performance and a positive turnaround from previous loss estimates.
The substantial upward revision in both revenue and net profit guidance for Genius Group is a strong positive signal to investors. It indicates that the company is performing significantly better than previously expected, which is likely to result in increased investor confidence and could drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100