RedChip Companies
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Weekly Newsletter
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Genius Group Reports 2021 Results and 2022 Guidance
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Genius Group Limited (NYSE American: GNS), a world-leading entrepreneur Edtech and education group, recently held their first investor call as a public company, following their IPO on NYSE American on April 12, 2022.
During the earnings call Genius Group Founder and CEO Roger James Hamilton discussed the Company’s 2021 financial results for both the Pre-IPO Group and Post-IPO Group of companies. The revenue for the Pre-IPO Group grew 67% from $7.6 million in 2021 to $12.8 million, and pro forma revenue for the Post-IPO Group including the four IPO Acquisitions in 2021 was $28.6 million.
The Pre-IPO Group saw growth in all revenue segments, with 83% growth in digital Edtech revenue, 72% growth in education revenue and 54% growth in campus revenue. The number of students on the Group’s GeniusU Edtech Platform grew by 50% to 2.7 million students. Current management expectations are for 50% student growth, up to between 3.8 million and 4.0 million students, and revenue for the Post-IPO group reaching $43 million to $45 million.
Mr. Hamilton also covered the five areas of development focus for the year:
- Personalized AI Genie: Giving a personal lifelong learning journey to students at every stage of their life journey.
- Interactive Layer: Enhancing our real-world experience in what we learn, where we learn and who we meet.
- Immersive Learning: Through blended combination of high tech and high touch, live and engaging experiences.
- Integrated Earning: With gamified Genius Education Merits (GEM) Student Credits, not Student Debt.
- Predictive Metaverse: A leader in metalearning in the metaverse as it replaces apps and the internet.
For more information, visit www.geniusgroup.net
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Newt Receives Vendor Approval to Provide Payroll Lending for Government Employees of the Municipality of Leon in the State of Guanajuato in Mexico
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SciSparc Announces Ethics Committee Approval to Conduct a Phase IIb Trial in Tourette Syndrome
SciSparc Ltd. (NASDAQ: SPRC), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders of the central nervous system, announced it received Ethics Committee approvals from Hannover Medical School in Hannover, Germany, and the Tel Aviv Sourasky Medical Center, in Tel Aviv, Israel, to conduct the Company’s Phase IIb clinical study for SCI-110 in patients suffering from Tourette Syndrome. The Company is evaluating additional clinical sites to join the Phase 2b trial to expedite patient enrollment in a timely manner.
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Persistent Systems Designates KWESST as Authorized Integrator
KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U), a developer of next-generation tactical systems for military, security, and personal defense markets, announced that New York-based Persistent Systems, LLC, an industry leader in mobile ad hoc networking (MANET) solutions, has designated KWESST an Authorized Integrator of its products. It is a solution that's being used extensively by military, public safety, and commercial customers in the United States, Canada, and other countries for secure and scalable mobile networking.
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SPI Solar Launches 7.2MWac/8.39MWdc Community Solar Project in Southern California
SPI Energy Co., Ltd., (NASDAQ:SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers, announced its SPI Solar division has begun development for a 7.2MWac/8.39MWdc community solar project on 34 acres in Southern California. "California is an inherently sustainable market, underpinned by a growing economy and appetite for energy with well-defined clean energy targets,” said Xiaofeng Denton Peng, Chairman and CEO of SPI Energy. Approximately 33% of California's electricity came from renewable energy in 2019 and the state is targeting 50% renewable generation by 2025.
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Greenwich LifeSciences Provides Updates on Upcoming Phase III Clinical Trial & ASCO Meeting
Greenwich LifeSciences, Inc. (Nasdaq: GLSI), a clinical-stage biopharmaceutical company focused on the development of GLSI-100, an immunotherapy to prevent breast cancer recurrences in patients who have previously undergone surgery, recently announced the company has completed the manufacturing of GP2, released 3 clinical lots, and started the stability testing program for these lots. Dr. Jaye Thompson, VP Clinical and Regulatory Affairs, commented, “We continue to make progress towards opening up our first sites. We just completed our first Data Safety Management Board (DSMB) meeting and are currently scheduling our initial Steering Committee Meeting with the lead clinicians of FLAMINGO-01. Our electronic data capture and inventory management systems are anticipated to go live in June. We are working to address all FDA issues rapidly so that the study can be initiated shortly.”
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Upcoming Events |
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OTC: EMOR - Healixa, Inc. |
4:15pm Eastern |
Healixa is a technology company focusing on building and acquiring innovative and disruptive technologies in the health-tech, clean water generation and green-tech industries. Healixa embraces innovation by combining its intellectual properties, patents, strategic collaborations, and partnerships to create a "LaunchPad" of disruptive sustainable products. |
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NASDAQ: APM - Aptorum Group |
4:15pm Eastern |
Aptorum Group Limited (NASDAQ: APM) is a pharmaceutical company dedicated to developing and commercializing novel therapeutics to tackle unmet medical needs. Aptorum's current drug pipeline includes indications in orphan diseases, infectious diseases, and metabolic diseases. |
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OTCQB: KWEMF - KWESST Micro Systems |
4:15pm Eastern |
KWESST develops and commercializes proprietary next-generation technologies that deliver a tactical advantage for military, security forces, and personal defense. The Company focuses on three niche segments including non-lethal products for personal defense, public safety, and realistic training, digitization for real-time situational awareness and targeting for ground forces, and counter-threat protection against lasers, electronic detection, and hostile drones. |
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OTCQB: GMER - Good Gaming |
4:15pm Eastern |
Good Gaming is an emerging leader across multiple segments in the gaming industry. The Company is executing on its vision to become the most innovative developer in the blockchain gaming space via Non-Fungible Tokens (NFTs) — collectibles that hold unique data, live on the blockchain, and cannot be copied or reproduced. |
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Archive Events |
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NASDAQ: SPRC - SciSparc Ltd. |
Meeting Duration 41 minutes |
SciSparc is a specialty pharmaceutical company developing unique cannabinoid technologies for treatment of central nervous system disorders. The proprietary compounds capitalize on the biochemistry of receptors that specialize in modulating the central nervous system (CNS) to create therapeutics that mitigate the adverse symptoms associated with CNS disorders. |
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NASDAQ: BRAG - Bragg Gaming Group |
Meeting Duration 45 minutes |
Bragg Gaming Group is a next generation gaming group with cutting-edge technology, leading brands and world-class management expertise, developing into a global gaming force. Formed by a team of gaming industry experts, Bragg's main portfolio asset is ORYX Gaming, an innovative business-to-business gaming technology platform and casino content aggregator. |
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NASDAQ: DPRO - Draganfly |
Meeting Duration 41 minutes |
Draganfly has been a leader in the professional drone industry for more than 20 years, supporting clients with enterprise drone solutions, contract engineering services, custom software, professional unmanned aerial vehicle (UAV) services, and more. |
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OTC: DEFTF - DeFi Technologies |
Meeting Duration 48 minutes |
DeFi Technologies is a technology company bridging the gap between traditional capital markets and decentralized finance. It is expanding investor access to industry-leading decentralized technologies which it believes lie at the heart of the future of finance. |
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Lesson of the Week
Knowing when to buy is only part of the investment process. You also need to know when to sell.
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RedChip TV |
MidSouth Week in Review
The S&P was up 6.5% for the week, one of its best weeks ever.
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