Genius Group Boosts Annual Pro Forma 2024 Revenue Forecast From $58M-$60M To $105M-$110M
Portfolio Pulse from Benzinga Newsdesk
Genius Group has updated its annual pro forma revenue forecast for 2024 from $58M-$60M to $105M-$110M, marking over a 100% increase due to expansion from recent transactions. Adjusted EBITDA is also expected to rise by 133% to $6.0M-$7.0M from the previous $2.5M-$3.0M.
March 21, 2024 | 9:04 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Genius Group has significantly increased its 2024 revenue forecast to $105M-$110M and Adjusted EBITDA to $6.0M-$7.0M, indicating strong growth expectations.
The substantial upward revision in revenue and EBITDA forecasts for 2024 suggests that Genius Group's recent transactions and operational expansion are expected to significantly boost its financial performance. This positive outlook is likely to be well-received by investors, potentially leading to a short-term increase in GNS stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100