Hapbee Reports First-Ever Quarterly Profit in Q2 2025 and Achieves Third Consecutive Quarter of Growth

Core Insights - Hapbee Technologies Inc. achieved its first-ever quarterly net profit in Q2 2025, driven by increased sales, improved operating efficiencies, and gross margin expansion [2][8] - The company reported a total revenue increase of 26% over Q1 2025 and 114% year-over-year, reaching $520,323 in Q2 2025 [8] - Gross margin improved to 58%, up from 51% in Q1 2025, attributed to a higher mix of subscription revenue and increased average order values [8] Financial Highlights - Net income for Q2 2025 was $17,988, compared to a net loss of $178,984 in Q1 2025 and a loss of $1.86 million in Q2 2024 [8] - Gross profit increased by 45% quarter-over-quarter to $301,078 [8] - Operating expenditures decreased by 20% compared to Q1 2025 and 72% compared to Q2 2024, reflecting ongoing cost discipline [8] Operational Developments - Device unit sales increased by 38% in Q2 2025 to 1,935 units, nearly six times higher than the same period in 2024 [8] - Subscriber revenue rose by 83% in Q2 2025 to $65,974, which is 25% higher than Q2 2024 [8] - The company introduced new leadership, including a new CTO, and launched a new Hapbee App with enhanced functionalities [4][8] Product Launches and Partnerships - Hapbee plans to launch a new consumer full-body mattress topper in Q3 2025 and the next version of its neckband daily wearable in Q4 2025 [5] - New partnerships were announced with Snooze Mattress, Gharieni, and Liberty Alliance to expand enterprise sales in various sectors [6]