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An announcement from Genius Group Limited ( (GNS) ) is now available.
Genius Group Limited reported a significant increase in its net asset value by 177% to $54.6 million in the first half of 2024, while reducing its net loss per share by 74% compared to the same period in 2023. Despite a drop in revenue due to divestments, the company has rationalized its operations, cut costs, and shifted focus towards a Bitcoin-first strategy, which includes the launch of a Bitcoin Treasury. The company anticipates further growth with its net asset value expected to reach $75 million by the end of 2024, marking a strategic realignment aimed at sustainability and profitability in the AI and education sectors.
More about Genius Group Limited
Genius Group Limited is a Bitcoin-first company that provides AI-powered education and acceleration solutions. It operates through its Genius City model and an online digital marketplace, serving over 5.4 million users across more than 100 countries. The company focuses on delivering personalized, entrepreneurial AI pathways by integrating human talent with AI skills and solutions for individuals, enterprises, and governments.
YTD Price Performance: -90.06%
Average Trading Volume: 5,699,123
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.32M
For a thorough assessment of GNS stock, go to TipRanks’ Stock Analysis page.
