Brief: Learning 2 Sleep Q3 Net Sales Down At SEK 881,000

Learning 2 Sleep L2S AB

10/11/2022 13:48

Nov 10 (Reuters) - Learning 2 Sleep L2S AB  L2S.ST :
    * QUARTERLY REPORT Q3 2022: REDUCED COSTS, MAINTAINED
TURNOVER
    * Q3 NET SALES SEK 881,000 VERSUS SEK 924,000 YEAR AGO
    * HAS CONTINUED CHALLENGES IN RELATION TO CASH FLOW, AS
SAVINGS
PACKAGE THAT HAS BEEN IMPLEMENTED WILL ONLY TAKE FULL EFFECT IN
Q1 2023
    * EXPECTED CAPITAL INJECTION VIA COMPANY'S TO1 AND TO2
INSTRUMENTS
ALSO DID NOT PROVIDE ADDITION WE HAD EXPECTED
    * WE THEREFORE HAVE A CLOSE DIALOGUE WITH SOME OF OUR LARGER
INVESTORS TO ENSURE LIQUIDITY IN LONGER TERM
    * DESPITE AN EXTENSIVE SAVINGS PACKAGE CONTAINING A REDUCED
BUDGET
FOR MARKETING, TURNOVER HAS BEEN AT BASICALLY SAME LEVEL AS IN
Q3 2021

Source text for Eikon:  ID:nMFN5pVMMY 
Further company coverage:  L2S.ST 
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