Ladies and gentlemen, good morning. And welcome to the Genius Group Full Year 2023 Earnings Webcast and Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Quinn Callanan from MZ Group. Please go ahead.

Thanks, operator. And good morning, everyone. Welcome to the Genius Group full year 2023, earnings webcast and conference call. On the call today from Genius Group is Roger Hamilton, Founder and Chief Executive Officer; Adrian Reese, Chief Financial Officer, Michael Moe, Board Chairman, and Peter Ritz, Director and Former CEO of FatBrain. I'd like to remind everyone that this call may contain forward-looking statements as they are defined under the Private Securities Litigation Reform Act of 1995. These statements are subject to certain risks and uncertainties that could arise - that could cause actual results to differ materially from those expressed in the forward-looking statements. For discussion of such risks and uncertainties, please see Genius Group's most recent filings with the SEC. All forward-looking statements made today reflect our current expectations only, and we undertake no obligation to update any statement to reflect the events that occur after this call. Also, during the course of today's call, the company may be discussing one or more non-IFRS financial measures, including but not limited to EBITDA, adjusted EBITDA, adjusted EBITDA margin, reconciliations of these non-IFRS financial measures to the most directly comparable IFRS measures are included in the press release and slide presentation we issued this morning. Copies of today's press release, as well as the presentation that accompanies this conference call are accessible on Genius Group's Investor Relations website. In addition, our Form 20-F for the full year ended December 31, 2023, was filed with the SEC this week and is also available on Genius Group's Investor Relations' website. And now, I'd like to turn the call over to Michael Moe, Board Chairman, for some opening remarks.

Hi, everybody. I'm very excited to join you and very excited to join Genius Group as its Chairman. What is exciting for me, and why I've chosen to be involved here, is I believe Genius Group is positioned, to really be on the forefront of this AI revolution, which is the biggest development, the biggest disruption we've seen in the marketplace since the commercialization of the Internet 30 years ago. When you look at this AI revolution, and why I think we're so positioned in such a compelling way, is we really bring three key elements to the AI revolution. We are creating the battle plan that's through OpenExO. We are training the soldiers that's through Genius Group. And we are providing the ammunition that is through FatBrain. If you look at this market, there's $2 trillion of opportunity that's going to be created over the next five years. And we believe we're really going to be at the center of it. Mark Cuban I mean Mark said there's only two types of companies in the world, those who are great at AI and everybody else. If you don't know AI, you're going to fail. We think that we are going to be a key player, to make this all happen. And so with that, I'm going to turn it over to the CEO, Roger Hamilton, to talk about our results, where we're at, and where we're going in the future. Roger?

Thank you very much, Michael. And good morning, everyone. Thank you for joining us today for our financial year 2023 financial conference call. Stephen Hawking famously said the rise of powerful AI, will be either the best or the worst thing ever to happen to humanity. So we are currently living through this rapid rise of powerful AI. And Genius Group's mission is to make this the best thing, to happen to us. So as a world leader in AI education and acceleration, we are providing the AI training and AI tools that students, companies, governments and society are demanding. And on this call, we will share with you how our premium AI education model, and acquisition strategy has led to historic pro forma revenue growth, of over 100% year-over-year. And we'll also share how our local AI-powered Genius City education ecosystem for students, entrepreneurs, businesses and governments, combined with our GeniusU Global Edtech marketplace can achieve our five year goal of impacting 100 million students and generating over $1 billion dollars of annual revenue while preparing us, for the exponential economies of tomorrow. In the last three years, we have achieved over 10 times revenue growth. And we're going to be sharing with you how we now plan to 10 times again. Here is a snapshot of our company today. We're a Singapore-based group of companies with a global presence and have been publicly listed on NYC American since 2022. By the numbers, our pro forma revenue grew 150% in 2023 to $70.2 million. And we're targeting a further 50% growth to $105 million of revenue in 2024. Our gross margin grew from 47% to 52%, as we doubled down on our AI and digital delivery of our courses. And we grew our student base 24%, from 4.5 million…

Thank you, Roger. And good morning, everyone. I can reiterate Roger's comments about the company's positive results for 2023, and the exciting outlook for the group in 2024. On Slide 11, we present our audited financial statements for 2023, as shown in our 20-F filing completed yesterday. This is for the group prior to the combination with FatBrain AI, which is now complete, and OpenExO, which is expected to complete later this quarter. Revenue increased 27% year-over-year to $23.1 million in 2023, compared to $18.2 million in 2022. This growth was driven by increasing education revenues by 37% to $18.6 million from $13.6 million in 2022. The audited results include nine months of revenues from entrepreneurial results, which was spun off at the beginning of October 2023, as previously announced. The Genius Group revenue growth in 2023, reflects the robust and growing number of students on our platform. The overall number of students increased 24% in 2023, to 5.5 million students. Additionally, the number of paying students increased 15% in 2023. Gross profit increased 38% to $11.9 million, from $8.6 million in 2022. And I would also like to highlight that, gross margin expanded 420 basis points to 51.7%, compared to 2022. As previously discussed, Genius Group owns most of the curriculum across the individual operating companies. Hence, we are focused on maintaining a low cost of content and delivering a high gross margin. The group's net loss reduced 90% to $5.7 million, compared to $58 million in 2022. On Slide 12, we show our pro forma numbers, adjusting for the acquisition of FatBrain AI and for the spin-off of entrepreneurial results. Genius Group achieved pro forma revenues of $70.4 million in 2023, made up of $18.6 million from our core education business, and $51.8 million in revenue from FatBrain…

Thank you, Adrian. Here is a summary slide of what we've discussed today. We believe we are in the midst of an AI revolution, and we are building the most powerful AI education and acceleration platform in the world. We have the battle plan, the army, and the ammunition, and we're deploying them now at scale. Billions of dollars are being spent globally to help educate populations on how to best utilize AI for their cities, countries, businesses, and students. AI technology is moving faster than the current educational infrastructure is able to adapt to. Our platform is online, efficient, personalized, and tailored to individual business or government needs. AI education is a multi-trillion market opportunity, and we are committed to being a leader. We anticipate the number of students on our platform increasing approximately 100% in 2024 to over 10 million students, and we plan to 10x to 100 million by 2030. Our pro forma revenue target - is currently for over $105 million in 2024, which is a 50% increase from 2023 pro forma revenue of $70 million, and we plan to 10x to a $1 billion by 2030. We want to thank you for joining our call today, and we expect to hold calls on a quarterly basis going forward, and we thank you for your continued interest and support, and we'll now open the line for questions.

Thank you. [Operator Instructions] Our first question is from the line of Jeremy Pedrotti, an investor. Please go ahead.

Yes, good morning, gentlemen. I appreciate the information. As a stockholder at GNS, I was just wondering, with all the recent positive news that's been coming out with the Abu Dhabi and such and new things, how is that going to correlate as far as the stock price? Appreciate the time? Thanks. Have a great day.

Thanks very much, Jeremy. I'll answer that one. As we all know, the one thing that we as the executive team and the Board can do is influence and control the growth of our company, and do everything on our side to ensure that we're delivering value. We cannot control the stock price. And so obviously, over time, it's all investors who are interested to see that stock price go up. As you heard from Adrian, we are going to ensure that we keep getting the message out there, and we keep on attracting the right investors that are more interested in buying rather than selling our stock, at least from the point of view of us being closer to the market average of where we are as well. And we are going to continue on that pathway going forward. But that would be the answer. We're going to be 100% focused at the ongoing long-term growth of the business, and keep proving to the market that we are continuing on this growth trajectory, and making the most of this leadership position we have.

Thank you. [Operator Instructions] As there are no further questions, I now hand the conference over to Roger Hamilton, for his closing comments. Roger?

Thank you very much. So, on closing comments, I would like to share that I am extremely happy, with the way that the team now is executing on multiple fronts on our strategy. I'm extremely happy that we have attracted, such an incredible leadership team as well, with Adrian now on Board and also having both Peter and Michael who are on this call and on our Board as well. I'm looking forward to the news that we're going to be able to share, once we have closed the OpenExO deal as their financials currently are showing up in any of these numbers. And there is a lot of exciting news coming up in the future that we will be sharing in due course as we go as well. And as always, a big thank you to all of our investors that have stuck with us. And we look forward to the coming years as we move toward 2030, and what we believe is a continued accelerated demand for AI education, which we are delivering now at scale. Thanks very much, everyone.

Ladies and gentlemen, that concludes the conference of Genius Group. Thank you for your participation. You may now disconnect your lines.