Genius Group is trading 10.25% lower at $0.14 in pre-market on October 1, with no clear explanation for the decline.
- On September 30, the company said a federal court denied all motions to dismiss its RICO lawsuit and described the ruling as favorable.
- September 28 first-half results showed 140% revenue growth and a 79% reduction in total net loss, but revenue and EPS missed analyst estimates. Available evidence does not establish the earnings miss as the direct cause of the decline.