ENTREPRENEURS AND LEADERS
Genius Group Limited | July 05, 2022
Genius Group Limited , a world-leading entrepreneur Edtech and education group, today announced that Zacks Small-Cap Research , a division of Zacks Investment Research and a leading equity research firm, has initiated coverage of GNS at a valuation of $18.40, above the recent $9-10 trading range. 2022 revenue is estimated at USD 34.3 million, a 268% increase over 2021, and looking ahead, expects GNS to generate positive earnings by the 3rd quarter of 2023.
Brad Sorensen, CFA, Senior Equity Research Analyst with Zacks/SCR, states that GNS is on a mission to change the way people experience online education by making it more about the student. Through technology, vision, and a unique approach, he feels that Genius is bringing AI-involved learning to the masses. He views GNS as having a great management team and a solid balance sheet, believes the aggressiveness GNS has shown in expanding its offering is encouraging and sees the integration of acquisitions as vital to the company’s success. In an effort to expand its offerings and broaden its portfolio, particularly in the U.S., GNS acquired four companies to give GNS a total of eight companies under its umbrella and a roster of offerings that can reach people at virtually any stage of life.
Sorensen recognizes that the size of the potential market is enormous, with one estimate of $10 trillion in 2030, as the interest in virtual learning has undoubtedly increased as a result of the remote lives many people have been forced to live over the last couple of years. He points out that GNS may be doing things in a different way that might be able to connect in a more effective way with students, both adults and children, who have had a lack of success with some of the other existing providers. From his point of view, GNS appears to be offering a different way of learning, one that engages students by learning what they love and teaching them in that way.
Normally, with a company such as GNS, Sorensen would often look to comparable companies for valuation metrics. But, acknowledging market conditions as of late and that he views Genius as a unique company, he elected to use the discounted cash flow method to come up with what he believes is a fair, and fairly conservative, valuation for GNS. The two biggest risks to his investment thesis are the successful integration of the four new companies and the timing of the U.S. rollout.
About Genius Group Limited
Genius Group is a Singapore-based Edtech and education company engaged in providing educational services in over 200 countries. It aims to develop an alternative lifelong learning curriculum and make its educational products accessible worldwide to all age groups.
About Zacks Small-Cap Research
Zacks/SCR prepares company-sponsored, independent research and related content for distribution through a multitude of investor and media channels, both traditional and social. Zacks/SCR delivers broad awareness among investors worldwide, creates deep understanding of the company and generates significant interest in investment. Zacks/SCR advantages are the quality of its analysts, the depth of its research and the breadth of its distribution.
CORPORATE LEARNING SYSTEMS
NASA | June 09, 2022
NASA Administrator Bill Nelson helped hand out food with an extra serving of STEM activities to children and families at New Beginnings Church – The Gathering Place in Orlando, Florida, on Friday, June 3. Called NASA Artemis Learning Lunchboxes, the Center of Science and Industry (COSI) in Columbus, Ohio, created the kits aimed at inspiring and educating youth and families in communities underrepresented in STEM about NASA's upcoming Artemis missions.
NASA's Artemis missions include returning humans to the Moon for the first time in over 50 years. Among the plans, NASA will land the first woman and person of color on the lunar surface as missions at the Moon pave the way for human exploration of Mars.
COSI developed the NASA Artemis Learning Lunchbox to inspire today's students – the Artemis Generation – to consider and pursue careers in tomorrow's STEM workforce. Made possible through NASA's Teams Engaging Affiliated Museums and Informal Institutions (TEAM II) program, the lunchboxes contain five space-focused learning activities that showcase the diversity of STEM at NASA and the importance of STEM education for the future of our workforce.
"Every child has a dream, and every child needs to achieve that dream, and when you talk to adults who are now astronauts or aerospace engineers, it all started with a spark – being taught something that inspired their life. We need to make sure every kid, regardless of zip code or socioeconomic status, has the promise to achieve that because they may be the next astronaut or scientific mind that will get us further in our exploration of space, It's all about partnerships. We can't thank NASA enough for their generosity in both dollars and support of this great initiative."
-Dr. Frederic Bertley, president & CEO, COSI.
Along with COSI, NASA's partners on the initiative also include Second Harvest Food Bank of Central Florida and Orlando Science Center.
The kickoff event supplied 500 NASA Artemis Learning Lunchboxes to students and families, while COSI plans to distribute a total of 30,000 to local food banks across the country. COSI will continue to partner with local nonprofit organizations like the Orlando Science Center where they can showcase interactive dry ice experiments first-hand for children across the country. This innovative, community-based model will bring together other science centers and museums, afterschool providers, and community leaders to highlight the importance of STEM education.
TEAM II awards are funded through NASA's Next Generation (Next Gen) STEM project, which is committed to diversity, inclusion, and equity. By connecting K-12 students and their formal and informal educators to NASA's endeavors in exploration and discovery, Next Gen STEM strives to reduce the barriers to participation in STEM and inspire the next generation of scientists, engineers, and astronauts.
Promethean and Merlyn | June 22, 2022
An exclusive distribution agreement for the US market has been reached between Merlyn Mind, Inc. and Promethean®, a preeminent worldwide education technology firm. The voice-activated AI solution Symphony ClassroomTM, which gives teachers access to the Merlyn digital assistant, will be distributed by Promethean under the terms of the new deal. Customers will be able to buy Symphony Classroom directly through Promethean's network of resellers thanks to the agreement.
"Promethean's ActivPanel is the interactive display of choice for millions of teachers who rely on technology to drive student engagement and spark their imagination. By adding Symphony Classroom to our portfolio, we will make it easier for educators to teach untethered, supporting a student-centered environment that increases participation."
-Vin Riera, Chief Executive Officer, Promethean
Teachers can use voice commands or a remote to operate their laptops, interactive screens, internet browsers, apps, and more using Symphony Classroom's Merlyn digital assistant, which is specially designed for the special demands of education. Merlyn frees teachers to move around the classroom so they can interact with students, makes routine classroom duties easier, and boosts efficiency and productivity overall thanks to Symphony Classroom's EdgeAI® technology, which offers lightning-fast reactivity.
"At Merlyn Mind, we're using the latest advances in AI to build transformative technology that gives teachers what they want most – the freedom to teach. The AI software platform makes it possible for Merlyn to quickly respond to teacher commands and integrate with the applications teachers use every day to simplify work and untether teachers to spend more time with students. Our new relationship with Promethean brings teachers a solution for classroom management that makes the most of the tools and technology educators already have with the best of AI and advanced technology."
-Satya Nitta, Co-founder and Chief Executive Officer, Merlyn Mind