Quarterly Update - January to June 2021: Ongoing Expansion with Enhanced Marketing Spending, Employee Count, and Stock Market Debut
Sleep Cycle, one of the world's most comprehensive sources for statistics on sleep, has made significant strides in helping individuals understand their sleep habits and improve their sleep. This Swedish-based company, listed on Nasdaq Stockholm, has become one of the most widely used sleep tracking applications worldwide.
With a stable cash position, a strong brand, and success in its growth initiatives, Sleep Cycle has been able to capture the attention of both retail and professional investors. The offering for Sleep Cycle's listing received high interest, reflecting the market's confidence in the company's mission to improve global health by empowering people to sleep better.
On June 8, 2021, Sleep Cycle AB (publ) made its debut on Nasdaq Stockholm, marking a significant milestone in the company's journey. With 37 employees, Sleep Cycle continues to analyse over two billion nights of sleep data from millions of daily active users in more than 150 countries.
The listing on Nasdaq Stockholm has contributed to an increased inflow of business opportunities and a greater awareness of the company. Sleep Cycle is listed under the ticker SLEEP, making it easily accessible for investors and the public to follow its growth and progress.
Despite the recent news about the reissuance of share capital, the specifics of which institution was involved have not been disclosed. However, this has not deterred Sleep Cycle from continuing its mission to revolutionise the way people sleep and improve their overall health.
In conclusion, Sleep Cycle's success story is a testament to the importance of understanding and improving sleep habits in today's fast-paced world. With its innovative approach and commitment to its mission, Sleep Cycle is poised to continue leading the way in sleep tracking and improvement.
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