Sleep Cycle Announces Flash Fourth Quarter 2022 Earnings

Gothenburg, Sweden – January 16, 2023. In light of the public cash offer by Velvet Cichlid ABa company managed by a consortium consisting of GLA Invest SA, MCGA ABh265 AB and Petter Wallinand to provide up-to-date information relevant to our shareholders sleep cycle AB (public):s (“sleep cycle“) financial performance, sleep cycle Announced provisional financial information for the period from October 1 toDecember 31, 2022 All year 2022 each. This information will be published in advance of the 2022 year-end report. February 10, 2023.

The numbers below are preliminary and have not been audited. February 10, 2023:

4th Quarter Summary (October-December 2022)

• Net sales increased by 16.0% (15.0%) to total tSEK 55,703 (48,040). Adjusted for currency, net sales growth totaled 6.7% (21.7%).
• Operating profit was tSEK 5,011 (8,030) and operating margin was 9.0% (16.7%).
• Adjusted operating profit was tSEK 7,813 (8,030) and adjusted operating margin was 14.0% (16.7%). In the fourth quarter, costs totaling tSEK 2,802 related to public offerings affecting comparability were expensed. There are no adjusted costs for 2021.
• The total number of paying members at the end of the period was 904,000 (901,000), an increase of 0.3% from the previous year.
• Aggregated Quarterly Average Revenue Per User (ARPU) SEK 244 (214), a growth of 14.2% (0.1%).
• Quarterly total undiluted earnings per share SEK 0.20 (0.33).Diluted combined results per share SEK 0.20 (0.32).

Year-round summary (January-December 2022)

• Net sales increased by 16.6% (14.7%) to total tSEK 213,271 (182,937). Adjusted for currency, net sales growth totaled 12.4% (21.6%).
• Operating profit was tSEK 44,110 (10,325) and operating margin was 20.7% (5.6%).
• Adjusted operating profit was tSEK 46,912 (36,386) and adjusted operating margin was 22.0% (19.9%). In 2022, expenses totaling tSEK 2,802 related to public cash offers affecting comparability were expensed. In 2021, a total of 26,061 tsek costs have been adjusted in relation to his IPO costs.
• The total number of paying members at the end of the period was 904,000 (901,000), an increase of 0.3% from the previous year.
• Period ARPU SEK 236 (212), a growth of 11.0% (0.0%).
• Combined year undiluted earnings per share SEK 1.77 (0.43).Total diluted earnings per share SEK 1.74 (0.42).

Commenting on the fourth quarter, CEO Carl Johan Hederoth said:

“We continued to deliver solid revenue growth in the fourth quarter. ARPU grew almost 14% over the period, reflecting some of the pricing adjustments we began implementing in 2022. Subscriber growth was flat, but we managed to grow.”

“As planned, we increased our investment in marketing and product development in the fourth quarter of 2022, excluding costs related to our public cash offer, which will impact our operating margin compared to the previous quarter. We have done this to strengthen our business for a strong start to 2023. And we plan to leverage these investments for new feature releases and commercial activities in 2023. Starting in the first quarter of 2023, we expect operating margins to return to previous levels.”

“Macroeconomic conditions will most likely continue to impact the app ecosystem throughout 2023, and I believe in it. sleep cycle is well positioned to navigate this environment, continues to have a very strong balance sheet, and has the means to do so. With the roadmap fully implemented with releases and pricing adjustments, we expect continued positive sales growth in the next few quarters. ”

is the information sleep cycle AB We are obligated to publish according to the EU Market Abuse Regulation. This information is available through the contact agency listed below. January 16, 2023 so 8:55 (Central European Time).

For more information, please contact:

Karl Johan Haderos
CEO
cj@sleepcycle.com

per Anderson
CFO and Head of Investor Relations
per.andersson@sleepcycle.com
+46 70 939 5327

Malin AbrahamsonPR officer
press@sleepcycle.com
+46 73 972 6424

almost sleep cycle

With millions of daily active users and over 2 billion nights analyzed in over 150 countries, sleep cycle is the leading sleep tracking application and one of the most widely used solutions worldwide for improving sleep health. sleep cycle Our mission is to improve the health of the world by helping people sleep better. Since its launch in 2009, sleep cycle has helped millions of people understand their sleep habits and improve their sleep. The mobile application helps users fall asleep more easily, tracks and analyzes their sleep during the night, wakes users up in light sleep stages, and provides insights on how to best improve their sleep quality. sleep cycle It is one of the world’s most comprehensive sources of sleep statistics, contributing to sleep research and reporting worldwide. sleep cycle It is listed on the Nasdaq Stockholm under the ticker SLEEP.Headquarters location sweden, gothenburg.

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