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Hapbee Delivers Record Profit of USD $1.43 Million in Second Straight Quarter of Growth, Posts Q3 Revenue of $446,897 and Earnings of 0.5 Cents Per Share
Globenewswire· 2025-12-01 16:51
Core Insights - Hapbee Technologies Inc. reported record-setting financial performance for Q3 2025, driven by a new management team, with significant subscriber growth and reduced liabilities [1][2][4] Financial Performance - The company achieved a net income of USD $1,431,567, marking the highest quarterly profit in its history, compared to a net income of $17,988 in Q2 2025 and a net loss of ($6,596,111) for FY 2024 [5] - Total paid subscribers increased by 93% quarter-over-quarter, reaching 4,570 compared to 2,370 in Q2, and 188% compared to Q1 2025 [5] - Subscription revenue rose by 34% to $108,694, and increased by 105% compared to Q1 2025 [5] - Gross margin improved to 44%, up from 31% at year-end 2024 [5] - Net revenues totaled $446,897, representing a 231% increase over Q3 2024 [5] Operational Highlights - The company expanded its executive leadership in various fields, including product development and neuroscience, to enhance its operational capabilities [5][6] - Hapbee is focusing on licensing its technology to penetrate the wellness device market and is developing a new V2 neckband product [8][10] - A major Q4 release of its mobile app is planned, targeting fem-tech and frequency-healing audiences [9] Strategic Initiatives - The company is preparing for a major rebrand centered on natural wellness solutions and increasing consumer awareness of its products [12] - Hapbee is actively identifying potential acquisition targets within the frequency-wellness and vibrational-healing sectors to expand its intellectual property portfolio [10] - The company has significantly reduced its liabilities, including a 41% decrease in accounts payable and a 76% reduction in promissory notes, reinforcing its financial stability [11]