Financial preliminary results for the fourth quarter of 2022 unveiled by Sleep Cycle
Sleep Cycle AB, the leading sleep tracking application, has announced its preliminary financial results for the period 1 October-31 December 2022 and the full year 2022. The company, which is listed on Nasdaq Stockholm under the ticker SLEEP, has shown significant growth in various key areas.
The adjusted operating profit for the fourth quarter of 2022 was tSEK 7,813, representing a 14.0% adjusted operating margin. This growth is a testament to the company's continuous efforts to improve its financial performance. The operating margin for the same quarter was 9.0%.
Net sales for the fourth quarter increased by 16.0% to tSEK 55,703, marking a substantial rise compared to the previous quarter. This growth was also reflected in the full year 2022, with net sales reaching tSEK 213,271, a 16.6% increase from the previous year.
The Average Revenue Per User (ARPU) for the fourth quarter was SEK 244, and for the full year 2022, it was SEK 236. These figures demonstrate the company's ability to monetize its user base effectively.
Sleep Cycle's mission to improve global health by empowering people to sleep better seems to be paying off, as the total number of paying subscribers at the end of the full year 2022 was 904,000. This represents a significant increase from the previous year. The total number of paying subscribers at the end of the fourth quarter was also 904,000.
Operating profit for the full year 2022 was tSEK 44,110, and for the fourth quarter, it was tSEK 5,011. Earnings per share before dilution for the fourth quarter was SEK 0.20, and for the full year 2022, it was SEK 1.77.
Sleep Cycle is one of the world's most comprehensive sources for statistics on sleep and contributes to research and reporting on sleep worldwide. The company, which was launched in 2009, has helped millions of people understand their sleep habits and improve their sleep.
For authoritative figures, consult Sleep Cycle AB’s official 2022 annual report or investor relations releases directly. For more information, contact the CEO, CFO, Head of Investor Relations, or Head of PR, whose contact details are provided.
The head office of Sleep Cycle is located in Gothenburg, Sweden. The company's continued innovation, including the launch of new health-related monitoring features in 2023 and 2024, may further impact subscriber growth and revenues.
The financial results for Sleep Cycle AB, a leading sleep tracking application, indicate a prominent growth in business operations. The continuous efforts in technology, such as the upcoming introduction of new health-related monitoring features, may contribute to further financial success and subscriber growth.
