Sleep Cycle AB (publ) (SLEEP) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Sleep Cycles Q1, 2026 earnings call. I'm Erik Gilmark. I'm the CEO, and I'm joined by Elisabeth Hedman, our CFO. So Q1 was a transition quarter. It was softer on the top line as expected, but importantly, the strategic shift that we've been communicating is becoming visible. It's becoming visible in our revenue mix and also in the platform we're building. So today I will cover three things. The strategic moment we're in, then how our market is expanding and how our three growth pillars are progressing. Then I will hand it over to Elisabeth. She will talk through the financials and targets before we will open up for a Q&A in the end. So our mission is unchanged. It is to improve global health by empowering people to take control of their sleep. And the fact is that sleep is no longer a niche. It's becoming a core pillar of global health. And this goes across mental health, metabolic and cardiovascular outcomes. So what is changing now is not our mission. It's how we scale it. We're moving beyond the app stores. So before we discuss Q1, it's very important to understand the foundation we're building from. Sleep cycle is an authority in sleep. We have over 4 billion nights of sleep data. We have two and a half million active users and 82 million installs. And that combination with data distribution and also reach is extremely difficult to replicate in a single product. And what is important to understand is that this has been built over the years almost entirely organically. So now we're taking a shift from a passive growth to a more structured proactive model. And I like to say that we're taking control of our own destiny. But before we jump into the shift, what we have built is a highly profitable cash generating business. Net sa...