The company said net profit is expected to be adjusted to $3.0 million to $5.0 million from prior guidance of an expected ($15.4) million to ($17.0) million net loss due to adjustments of certain contingent liabilities.

Roger Hamilton, CEO of Genius Group, commented: "In 2022, we had our IPO and completed six acquisitions. In 2023, we have not completed any acquisitions with all of our revenue coming from organic growth."

Price Action: GNS shares are trading higher by 22.03% to $0.72 on the last check Friday.