Learning to Sleep implements organizational changes and savings
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Hälsovård |
| Industri | Vård & Omsorg |
The digital sleep clinic Learning 2 Sleep L2S AB (publ) is implementing a comprehensive savings package that also includes the current CEO Micael Gustafsson and founder Peter Boye leaving their positions in the company as of August 31. The new CEO from September 1 will be the company's current operational manager, Lina Johansson.
During the summer, the digital sleep clinic Learning 2 Sleep L2S AB (publ) worked out a savings package to reduce the company's cost mass, with the aim of achieving cash flow neutrality as soon as possible. The savings package primarily includes organizational changes but also reduced external costs in non-essential development, consulting services and to some extent marketing. The following changes will be implemented during August and September:
- Current CEO Micael Gustafsson is leaving his position but will continue to work with the company on a consulting basis
- The founder of the Company Peter Boye leaves his position but continues to work for the company on a consulting basis
- Non-essential development work is paused until the company is financially stronger
- In the future, the company focuses on a more moderate growth in the Swedish market with the aim of achieving positive cash flow and profitability in the long term
- Larger cost-intensive projects are paused until the Company has a positive cash flow
- The company will continue ongoing talks with potential new partners/channels, provided that these are deemed to generate revenue in the short term
"The development in the capital market, where growth companies currently have great difficulty in finding capital, has made us realize that we needed a revised plan with a strong focus on cash flow and profitability. The board therefore commissioned the CEO to develop such a plan and Micael subsequently presented the plan that we are now implementing. We are also very happy that our operational manager - Lina Johanssson - has accepted the offer to take over as CEO, she has extensive experience in the business and the board is convinced that she will be able to take the company to the next level", says Michael Hermansson, chairman of the board of Learning 2 Sleep L2S AB.