Sleep: The Next Frontier for Investors? (NASDAQ: SNBR) (OTC US: APYP) (NYSE: CSPR)

There’s one thing that doesn’t change regardless of monetary policy, economic cyclicality, politics, technicals, or even pandemics: everyone sleeps a third of their life. That adds up to over 23 trillion hours of sleeping happening by human consumers every year.

Companies able to add value in that market have a built-in bonanza to tap into that remarkably contains a disproportionately minor level of competition.

With strong stimulus going out the door, global central banks set on easy, and the vaccine distribution timeline running ahead of schedule in major OECD economies, spending on elevating sleep quality could be primed to jump.

With that in mind, we take a look at some of the current leaders among stocks addressing the sleep tech market opportunity, including: Sleep Number Corporation (NASDAQ:SNBR), APPYEA Inc (OTCMKTS:APYP), and Casper Sleep Inc (NYSE:CSPR).


Sleep Number Corporation (NASDAQ:SNBR) frames itself as a company that provides sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name.

It also offers adjustable bases under the FlextFit name; temperature-balancing products, including DualTemp layer; SleepIQ Kids k2 beds for kids; and smart beds under the Sleep Number 360 and 360 names. The company sells its products directly to consumers through retail, online, phone, and chat as well as through wholesale. As of January 2, 2021, it operated approximately 602 retail stores in 50 states.

Sleep Number Corporation (NASDAQ:SNBR) most recently reported results for the year ended January 2, 2021, including a net sales increase of 9% to $1.86 billion in 2020, with a 6% comparable sales gain, 1.5 percentage points (ppt.) of growth from new stores, and 2.5 ppt. of growth from the extra week.

“In a year of challenge and change, our mission-driven team delivered exceptional results by leveraging the power of vertical integration, digitization and focusing on what matters most to our stakeholders,” said Shelly Ibach, President and Chief Executive Officer. “We broadened our sleep leadership and brand relevance with our revolutionary 360® smart beds as consumers’ increased their understanding of the link between proven quality sleep and wellbeing. With strong momentum in the first quarter and ongoing investments in sleep science-based innovations and digital technologies, we are well-positioned to generate sustainable profitable growth for years to come.”

Even in light of this news, SNBR has had a rough past week of trading action, with shares sinking something like -4% in that time. That said, chart support is nearby, and we may be in the process of constructing a nice setup for some movement back the other way. Shares of the stock have powered higher over the past month, rallying roughly 7% in that time on strong overall action.

Sleep Number Corporation (NASDAQ:SNBR) managed to rope in revenues totaling $567.9M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 28.7%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($4.2M against $655.9M, respectively).


APPYEA Inc (OTCMKTS:APYP) offers a patented unique treatment for snoring and sleeping disorders that uses a wristband to communicate with a smart phone.

According to company materials, when the device detects any irregular breathing patterns or snoring, the wristband vibrates at a gently level that is not enough to wake the subject, but just enough to transition them into a lighter sleep phase that after repeated use, trains the brain to breath properly.

APPYEA Inc (OTCMKTS:APYP) most recently announced that it has a non-binding Letter of Intent with SleepX Ltd. from Israel. Todd Violette and Bary Molchadsky signed a binding agreement for Mr. Molchadsky to acquire the control block of APYP based upon certain conditions being met by March 8, 2021.

According to its release, “based upon legal advice regarding the South Dakota Business Corporation Act, Mr. Violette’s control build needs to be ratified by the shareholders. Preparing the legal document necessary to engage in any business transaction are taking additional time to prepare appropriately. The current estimate is a further three weeks for the AppYea lawyers to draft the proper paperwork for the shareholder’s information statement.”

APYP shares have been in rally mode, running about 1,900% higher over the past 3 months. However, the stock has pulled back to key support over the past month and may be worth a close look at present levels.

APPYEA Inc (OTCMKTS:APYP) generated minor sales according to information released in the company’s most recent quarterly financial report. However, given recent moves by the company, we could see a sharp change in its financial performance trajectory as it begins to tap into the potential of its SleepX opportunity.


Casper Sleep Inc (NYSE:CSPR) frames itself as a “sleep company” with a full portfolio of obsessively engineered sleep products—including mattresses, pillows, bedding, and furniture designed in-house by the Company’s award-winning R&D team at Casper Labs.

In addition to its e-commerce business, Casper owns and operates Sleep Shops across North America and its products are available at a growing list of retailers.

Casper Sleep Inc (NYSE:CSPR) recently announced financial results for the quarter ended December 31, 2020 and the year ended December 31, 2020, including a revenue increase of 18.4% to a record $150.3 million on a quarterly basis and by 13.1% to a record $497.0 million for the year.

“Casper finished 2020 strongly with record revenue for both the fourth quarter and the full year,” said Chief Executive Officer Philip Krim. “Fourth quarter revenue growth was driven by 43% year-over-year growth in North American retail partnership revenue and 19% growth in North American direct-to-consumer revenue, which resulted in an 80% year-over-year improvement in Adjusted EBITDA. Despite the pandemic, we were able to deliver 17.4% North American revenue growth for the full year 2020, and we expect top-line growth to accelerate in 2021 with positive Adjusted EBITDA in the second half of the year.”

Even with that news, the action hasn’t really heated up in the stock, with shares moving net sideways over the past week. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -14%.

Casper Sleep Inc (NYSE:CSPR) generated sales of $150.3M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 21.7% on the top line. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($92.1M against $119.3M, respectively).

DISCLAIMER:  EDM Media LLC (EDM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  EDM is NOT affiliated in any manner with any company mentioned herein.  EDM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  EDM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  EDM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed EDM has been compensated five thousand dollars for news coverage of the current press releases issued by APPYEA Inc by a third party.


This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and EDM undertakes no obligation to update such statements.








Media Contact:


Email: IR@EDM.Media

Office: 800-301-7883






Mcap MediaWire - Costumer Service

Translate »