Genius Group FY23 EPS $(0.10) Up From $(2.47) YoY; Revenue $23.1M Up From $18.2M YoY
Portfolio Pulse from Benzinga Newsdesk
Genius Group reported a significant improvement in its financial performance for FY23, with EPS improving from $(2.47) to $(0.10) and revenue increasing by 27% to $23.1 million. The company also reduced its net loss from $(56.0) million to $(5.7) million. Pro forma revenue, including recent acquisitions, was $70.4 million.
May 15, 2024 | 5:31 pm
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Genius Group reported a significant improvement in its financial performance for FY23, with EPS improving from $(2.47) to $(0.10) and revenue increasing by 27% to $23.1 million. The company also reduced its net loss from $(56.0) million to $(5.7) million. Pro forma revenue, including recent acquisitions, was $70.4 million.
The significant improvement in EPS and revenue, along with a substantial reduction in net loss, indicates a positive financial trajectory for Genius Group. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100