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

Nov 10 (Reuters) - Learning 2 Sleep L2S AB:

* 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: Further company coverage: (Gdansk Newsroom)