Genius Group Limited (AMEX:GNS) Q2 2023 Earnings Call Transcript

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And when that’s happening, and you’re getting those types of people, including podcasters that are actually out there interviewing others. And they’re learning when they’re actually going through that, but they’re not getting any credits, right, they’re not getting any contribution towards their own high school diploma, or the university degree. Imagine a world where they are. And eventually, what we are providing can be an entire alternative to basically having to go to school, and then do your learning in your spare time. So yes, to answer the question, you definitely can see both growth, but the students will grow at a faster rate as we get bigger and bigger partners on board. And if I can just add one other thing on this as well, when we talk about partners.

I think it’s important because we didn’t go into depth in our presentation, but for anyone listening and thinking, Okay, well, it’s interesting that we’re talking about education. We’re not talking about teachers, we’re talking about partners. And that’s because we believe that education has got three big bottlenecks that each gets solved with partnerships. So yes, one of them is that we do need more teachers around the world 1.5 million per year, we see those as what we call faculty partners. And so faculty partners are those who say, I don’t need to bring the content, because I’m already getting world class content. And I don’t need to be connected to a school, because I could have schools around the world that could actually be using me as a teacher.

But as long as I’m at the platform with Microsoft with a good rating, then if someone wants to pick me as their mentor, as their teacher, then they can do that. If AI recommends me, then great. And I can then be building an entire community of students that I can be serving from my hometown, wherever I have happy to be in the world by doing this virtually. And so as a result, any good teacher anywhere can get a global classroom. The second type of partnership, and those are where we have many people every single day. That’s why we went from 12 million, sorry, 4000 to 14,000 of our partners, and most of those were fitting in the category of the faculty partners. The second type of partner, which are the content partners, and the content partners are the ones as you’re hearing me talk about things like bestselling authors, the people who have the content, but don’t have the time to be actually teaching everyone one on one.

So when you connect the content partners who bring in their content, and we then run full customer pathways, and we’ve had examples of that this year, we’ve announced Peter Diamandis, who runs the XPRIZE in Singularity University, who basically now is bringing his content on the platform. Philip Ismail, who already consults with the top exponential organizations around the world who’s bringing his products on the platform, each — Mike Filsaime was a good example I gave earlier, these are all people that actually would like to have an army of teachers around the world that can be sharing what they have to share in places they wouldn’t otherwise reach and also in different languages. So that is the content partners and instead type of partners, the ones who are the delivery partners, or what we call the community partners, and they fit in two categories.

One, the people who say, Well, I’m not going to be the one teaching, and I’m not going to be the one that has the content, but I am going to be the one that has a local school, even if it’s just a micro school at a cafe, a group of children at my home. So anyone can sign up to what we call a community partner where they can be a city leader, a country leader, or just basically have their own school. And we take the three big bottlenecks, which is that in education generally, the best teachers cannot be reached by everyone. This breaks up that bottleneck, the best content, isn’t accessed by everyone or isn’t even allowed in the curriculum and textbook that gets old by this. And finally, that people in places where they can’t access the best schools, they can now actually create their own schools and build from there.

And obviously, the other part of delivery is technology. And that’s where all these different technology partnerships that we’ve been talking about, can allow us to scale dramatically as well. Final thing I’ll just say on technology partnerships, I think many people may have seen yesterday that there was a podcast with Lex Fridman, and the founder of Meta, Mark Zuckerberg, which was conducted fully in virtual reality. And we are seeing this massive growth and shift in this area. And just knowing that by our partnerships with Vatom and Genius X, we are already at the forefront of the development that’s taking place towards this new world of learning. That’s super exciting, because it means that we can continue on this growth path, and just continue to find the right partnerships that we can get attracted as we go forward, where a lot of right now is about positioning.

But we’re very lucky because while most technology companies in the same field, our early revenue, we have positioning while at the same time generating revenue, and building our student and partner base as well.

Hunter Diamond: Great. Thank you for the comprehensive answer. And again, congratulations on the results and appreciate you taking my questions.

Roger James Hamilton: Thanks very much.

Operator: Thank you, we have reached the end of our question and answer session. With that this does conclude today’s teleconference. We appreciate your participation. You may disconnect your lines at this time. Enjoy the rest of your day.

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