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Hapbee Reports First-Ever Quarterly Profit in Q2 2025 and Achieves Third Consecutive Quarter of Growth
Globenewswire· 2025-07-18 15:23
Strong top-line gains, reduced expenditures, and improved gross margins result in milestone quarterVANCOUVER, British Columbia, July 18, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies Inc. (TSXV: HAPB | OTCQB: HAPBF), a wearable wellness technology company and the pioneer of bio-streaming products, today announced its unaudited financial results for the second quarter ended June 30, 2025. The Company achieved its first-ever quarterly net profit in its history, driven by continued increases in sales, improved ...
Hapbee Issues Clarification of June 24, 2025 Press Release on Q1 2025 Financial Results
Globenewswire· 2025-06-25 20:56
Core Insights - Hapbee Technologies Inc. reported a significant sales surge of 198% in Q4 2024, followed by a 191% revenue growth in Q1 2025 while successfully reducing operating expenses by 62% [1][2][5] Group 1: Financial Performance - Q1 2025 highlights include a tripling of device sales year-over-year, increasing from 338 units to 1,404 units, and a nearly 50% increase from Q4 2024 [5] - Device sales revenue rose 198% quarter-over-quarter, from $125K to $375K, driven by enhanced customer engagement and education [5] - Operating expenses decreased from $1.6 million to $584K, reflecting a 62% reduction due to cost optimization strategies [5] Group 2: Strategic Initiatives - The company launched a redesigned mobile app and website aimed at improving user experience and subscription management, which are crucial for recurring revenue growth [5] - An ambassador program featuring wellness experts and brand advocates has been established to enhance brand awareness and digital demand [5] - A partnership with Jumeirah Group was initiated to integrate Hapbee products into luxury spa programs, with plans for global expansion [5] Group 3: Product Development - Upcoming product launches include the Immersive Mattress Topper and Neckband V2, which are part of the next-generation wearable lineup [5] - An Affordable Smart Sleep Membership was introduced at $10/month or $99/year, aimed at increasing accessibility for sleep-focused users [5] Group 4: Market Positioning - The company revised its marketing messaging to address seven predominant wellness challenges, creating a multi-solution wellness platform [5] - The retail footprint expanded to over 380 Target locations and Target.com, enhancing national consumer access [5]
Hapbee Delivers Breakout Q1 2025: Record Growth, Leaner Operations, and a Clear Path to Scalable Profitability
Globenewswire· 2025-06-24 15:31
Core Insights - Hapbee Technologies Inc. reported a 191% revenue growth in Q1 2025 following a 198% sales surge in Q4 2024 while achieving a 62% reduction in operating expenses [1][2][5] Q1 2025 Highlights - The company experienced a significant increase in device sales, with unit sales more than tripling year-over-year and nearly 50% growth over Q4 2024 [5] - Operating expenses were reduced by 62% compared to Q4 2024, achieved through cost optimization strategies [5] - Gross margin improvements were noted due to stable costs and refined pricing strategies, with ongoing supply chain optimizations [5] - A redesigned mobile app and website were launched to enhance user experience and drive recurring revenue growth [5] - The ambassador program expanded with the engagement of human performance expert Gary Brecka, enhancing brand presence [5] - Marketing messaging was revised to address seven key wellness challenges, creating a multi-solution wellness platform [5] Strategic Continuity from 2024 - Q1 2025 performance builds on a transformative 2024, reinforcing the company's mission to make wellness accessible and effective [4] - The company is positioned for scalable growth, combining revenue acceleration with disciplined cost control [4][6] Financial Performance - Device sales revenue increased by 198% quarter-over-quarter, with unit shipments doubling due to enhanced customer engagement [5] - The retail footprint expanded to over 380 Target locations, increasing national consumer access [5] - An affordable Smart Sleep Membership was introduced at $10/month or $99/year, broadening accessibility for users focused on sleep [5]
Hapbee Is Upgrading U.S. Listing to OTCID to Expand Investor Access and Increase Market Visibility
Globenewswire· 2025-06-12 21:00
Group 1: Company Update - Hapbee Technologies Inc. has upgraded its U.S. listing from the OTC Pink Sheets to the OTCID tier on the OTC Markets Group platform, effective July 1, 2025 [1][2] - The upgrade reflects the company's commitment to enhancing transparency and accessibility for a broader group of U.S.-based retail and institutional investors [2][3] - The CEO of Hapbee expressed excitement about the upgrade, stating it provides U.S. investors with improved visibility and access to the company's shares in a more structured trading environment [3] Group 2: Financial Statements Update - The filing of the annual audited financial statements for the year ended December 31, 2024, remains delayed, with the company expecting to file these statements within the next seven days [5][6] - The auditor is finalizing the audit for review by the company's audit committee, and the company does not anticipate issues in completing the required filings by June 30, 2025 [6] - A Management Cease Trade Order (MCTO) was issued on May 1, 2025, restricting trading by the company's CEO and CFO, but it does not affect other investors [7][8] Group 3: Company Overview - Hapbee is a digital wellness company that utilizes ultra-low radio frequency energy (ulRFE®) in its wearable devices to promote wellness states such as focus, relaxation, and improved sleep [10] - The company's product ecosystem includes the Hapbee Mobile App, Smart Sleep Pad, Neckband, and Immersive Mattress Topper, catering to wellness enthusiasts, athletes, and health professionals [11]
Hapbee Technologies Partners with Snooze - the Fastest-Growing Sleep & Wellness Retailer in the U.S. - to Expand Experiential Retail Footprint
Globenewswire· 2025-05-02 13:15
Core Insights - Hapbee Technologies Inc. has announced a strategic partnership with Snooze, a rapidly growing sleep and wellness retailer in the U.S., aiming to enhance consumer access to its wellness technology [1][2] - The partnership will involve a comprehensive go-to-market strategy, including the integration of Hapbee's product line into Snooze's offerings and a retail program launch in Q2 2025 [2][7] - The collaboration is expected to validate in-person trials as a catalyst for long-term growth, aligning with Hapbee's mission to transform human wellness through non-invasive technology [2] Company Developments - Hapbee's CEO, Yona Shtern, emphasized that the partnership is a critical step in scaling the company's presence in physical retail locations [2] - Snooze's CEO, Matt Smith, highlighted the unique in-store experience that will allow customers to feel the benefits of Hapbee's products [2] - The partnership represents a significant expansion of Hapbee's retail footprint, with nearly 100 Snooze store locations expected by the end of 2025 [1] Financial and Regulatory Updates - Hapbee has received approval for a Management Cease Trade Order (MCTO) due to delays in filing its financial statements for the year ended December 31, 2024 [3][4] - The company is working diligently to complete and file the required financial documents by June 30, 2025, and will issue bi-weekly default status reports during this period [4][5] - The MCTO restricts trading by the company's CEO and CFO but does not affect other shareholders [3]