Gothenburg,
The numbers below are preliminary and have not been audited.
4th Quarter Summary (October-
- 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 shareSEK 0.20 (0.32).
Year-round summary (January-
- 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 shareSEK 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.
is the information
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
press@sleepcycle.com
+46 73 972 6424
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With millions of daily active users and over 2 billion nights analyzed in over 150 countries,
https://news.cision.com/sleep-cycle/r/sleep-cycle-announces-preliminary-financial-results-for-the-fourth-quarter-2022,c3697985
https://mb.cision.com/Main/18579/3697985/1781347.pdf
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