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Genius Group | 6-K: Report of foreign private issuer (related to financial reporting)

Genius Group | 6-K: Report of foreign private issuer (related to financial reporting)

Genius Group | 6-K:外國發行人報告(業績相關)
美股SEC公告 ·  2024/12/27 17:18

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Genius Group reported significant financial improvements in H1 2024, with net assets increasing 177% to $54.6M from $19.7M at 2023 year-end. The company reduced its operating expenses to $10.8M from $15.4M YoY, while net loss per share decreased 74% to $0.84. Revenue declined to $4.9M from $11.8M due to strategic divestitures.The company has nullified its previously announced FatBrain acquisition and is pursuing arbitration to rescind the LZGI transaction, seeking to recover 7.3M shares and $6.6M in cash. Any recovered cash will be converted to Bitcoin as part of the company's new Bitcoin Treasury strategy, which has already invested $20M to acquire 214 Bitcoin.Looking ahead, Genius Group projects a net asset value of $75M for full-year 2024, with over $20M in its Bitcoin Treasury. The company has launched several strategic initiatives including AI-powered education solutions and Bitcoin Academy, targeting an initial Bitcoin Treasury of 1,000 Bitcoin while focusing on achieving profitable operations.
Genius Group reported significant financial improvements in H1 2024, with net assets increasing 177% to $54.6M from $19.7M at 2023 year-end. The company reduced its operating expenses to $10.8M from $15.4M YoY, while net loss per share decreased 74% to $0.84. Revenue declined to $4.9M from $11.8M due to strategic divestitures.The company has nullified its previously announced FatBrain acquisition and is pursuing arbitration to rescind the LZGI transaction, seeking to recover 7.3M shares and $6.6M in cash. Any recovered cash will be converted to Bitcoin as part of the company's new Bitcoin Treasury strategy, which has already invested $20M to acquire 214 Bitcoin.Looking ahead, Genius Group projects a net asset value of $75M for full-year 2024, with over $20M in its Bitcoin Treasury. The company has launched several strategic initiatives including AI-powered education solutions and Bitcoin Academy, targeting an initial Bitcoin Treasury of 1,000 Bitcoin while focusing on achieving profitable operations.
Genius Group在2024年上半年報告了顯著的財務改善,淨資產從2023年年末的1970萬增加177%至5460萬。公司將營業費用從1540萬減少至1080萬,同比下降,而每股淨虧損減少74%至0.84美元。由於戰略性剝離,營業收入從1180萬降至490萬。公司已取消之前宣佈的FatBrain收購,並正在追求仲裁以撤銷LZGI交易,尋求追回730萬股和660萬現金。任何追回的現金將作爲公司新比特幣國庫策略的一部分轉化爲比特幣,該策略已經投資2000萬用於收購214個比特幣。展望未來,Genius Group預計2024全年淨資產價值爲7500萬,預計比特幣國庫將超過2000萬。公司推出了多個戰略性舉措,包括人工智能驅動的教育解決方案和比特幣Academy,目標是初始比特幣國庫達到1000個比特幣,同時專注於實現盈利運營。
Genius Group在2024年上半年報告了顯著的財務改善,淨資產從2023年年末的1970萬增加177%至5460萬。公司將營業費用從1540萬減少至1080萬,同比下降,而每股淨虧損減少74%至0.84美元。由於戰略性剝離,營業收入從1180萬降至490萬。公司已取消之前宣佈的FatBrain收購,並正在追求仲裁以撤銷LZGI交易,尋求追回730萬股和660萬現金。任何追回的現金將作爲公司新比特幣國庫策略的一部分轉化爲比特幣,該策略已經投資2000萬用於收購214個比特幣。展望未來,Genius Group預計2024全年淨資產價值爲7500萬,預計比特幣國庫將超過2000萬。公司推出了多個戰略性舉措,包括人工智能驅動的教育解決方案和比特幣Academy,目標是初始比特幣國庫達到1000個比特幣,同時專注於實現盈利運營。
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