Hapbee Reports First-Ever Quarterly Profit in Q2 2025 and Achieves Third Consecutive Quarter of Growth
Hapbee Technologies (OTCQB: HAPBF), a wearable wellness technology company, has achieved its first-ever quarterly profit in Q2 2025, marking a significant milestone. The company reported net income of $17,988, compared to a loss of $178,984 in Q1 2025.
Key financial highlights include revenue growth of 26% quarter-over-quarter to $520,323, a 45% increase in gross profit to $301,078, and improved gross margins of 58%. Device unit sales surged by 38% to 1,935 units, while subscription revenue increased by 83% to $65,974.
The company announced new leadership appointments, including Ahsan Ashraf as CTO, and strategic partnerships with Snooze Mattress, Gharieni, and Liberty Alliance. Hapbee plans to launch a new consumer full-body mattress topper in Q3 2025 and a next-generation neckband wearable in Q4 2025.
Hapbee Technologies (OTCQB: HAPBF), un'azienda di tecnologia indossabile per il benessere, ha raggiunto il suo primo utile trimestrale nel secondo trimestre del 2025, segnando un traguardo importante. La societ脿 ha riportato un utile netto di 17.988 dollari, rispetto a una perdita di 178.984 dollari nel primo trimestre del 2025.
I principali dati finanziari evidenziano una crescita del fatturato del 26% trimestre su trimestre a 520.323 dollari, un aumento del 45% del margine lordo a 301.078 dollari e un miglioramento dei margini lordi al 58%. Le vendite di dispositivi sono aumentate del 38%, raggiungendo 1.935 unit脿, mentre i ricavi da abbonamenti sono cresciuti dell'83%, arrivando a 65.974 dollari.
L'azienda ha annunciato nuove nomine ai vertici, tra cui Ahsan Ashraf come CTO, e partnership strategiche con Snooze Mattress, Gharieni e Liberty Alliance. Hapbee prevede di lanciare un nuovo topper materasso full-body per consumatori nel terzo trimestre del 2025 e un dispositivo indossabile per il collo di nuova generazione nel quarto trimestre del 2025.
Hapbee Technologies (OTCQB: HAPBF), una empresa de tecnolog铆a port谩til para el bienestar, ha alcanzado su primer beneficio trimestral en el segundo trimestre de 2025, marcando un hito importante. La compa帽铆a report贸 un ingreso neto de 17,988 d贸lares, en comparaci贸n con una p茅rdida de 178,984 d贸lares en el primer trimestre de 2025.
Los aspectos financieros clave incluyen un crecimiento de ingresos del 26% trimestre a trimestre hasta 520,323 d贸lares, un aumento del 45% en la ganancia bruta hasta 301,078 d贸lares y una mejora en los m谩rgenes brutos al 58%. Las ventas de unidades de dispositivos aumentaron un 38% hasta 1,935 unidades, mientras que los ingresos por suscripciones crecieron un 83% hasta 65,974 d贸lares.
La empresa anunci贸 nuevos nombramientos en su liderazgo, incluyendo a Ahsan Ashraf como CTO, y alianzas estrat茅gicas con Snooze Mattress, Gharieni y Liberty Alliance. Hapbee planea lanzar un nuevo topper de colch贸n de cuerpo completo para consumidores en el tercer trimestre de 2025 y un dispositivo port谩til para el cuello de pr贸xima generaci贸n en el cuarto trimestre de 2025.
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Hapbee Technologies (OTCQB : HAPBF), une entreprise de technologie portable d茅di茅e au bien-锚tre, a enregistr茅 son premier b茅n茅fice trimestriel au deuxi猫me trimestre 2025, marquant une 茅tape importante. La soci茅t茅 a d茅clar茅 un revenu net de 17 988 dollars, contre une perte de 178 984 dollars au premier trimestre 2025.
Les principaux faits financiers incluent une croissance du chiffre d'affaires de 26 % d'un trimestre 脿 l'autre 脿 520 323 dollars, une augmentation de 45 % du b茅n茅fice brut 脿 301 078 dollars, ainsi qu'une am茅lioration des marges brutes 脿 58 %. Les ventes d'appareils ont augment茅 de 38 % pour atteindre 1 935 unit茅s, tandis que les revenus d'abonnement ont progress茅 de 83 % pour atteindre 65 974 dollars.
L'entreprise a annonc茅 de nouvelles nominations 脿 la direction, dont Ahsan Ashraf en tant que CTO, ainsi que des partenariats strat茅giques avec Snooze Mattress, Gharieni et Liberty Alliance. Hapbee pr茅voit de lancer un nouveau surmatelas int茅gral pour consommateurs au troisi猫me trimestre 2025 et un dispositif portable de nouvelle g茅n茅ration pour le cou au quatri猫me trimestre 2025.
Hapbee Technologies (OTCQB: HAPBF), ein Unternehmen f眉r tragbare Wellness-Technologie, hat im zweiten Quartal 2025 seinen ersten Quartalsgewinn erzielt und damit einen bedeutenden Meilenstein erreicht. Das Unternehmen meldete einen Nettoertrag von 17.988 US-Dollar, verglichen mit einem Verlust von 178.984 US-Dollar im ersten Quartal 2025.
Wichtige finanzielle Highlights umfassen ein Umsatzwachstum von 26 % im Quartalsvergleich auf 520.323 US-Dollar, eine Steigerung des Bruttogewinns um 45 % auf 301.078 US-Dollar sowie verbesserte Bruttomargen von 58 %. Der Verkauf von Ger盲teeinheiten stieg um 38 % auf 1.935 Einheiten, w盲hrend die Abonnementerl枚se um 83 % auf 65.974 US-Dollar zunahmen.
Das Unternehmen k眉ndigte neue F眉hrungspositionen an, darunter Ahsan Ashraf als CTO, sowie strategische Partnerschaften mit Snooze Mattress, Gharieni und Liberty Alliance. Hapbee plant, im dritten Quartal 2025 einen neuen vollfl盲chigen Matratzen-Topper f眉r Verbraucher und im vierten Quartal 2025 ein Wearable der n盲chsten Generation f眉r den Nackenbereich auf den Markt zu bringen.
- First quarterly profit achieved with net income of $17,988
- Revenue grew 114% year-over-year and 26% quarter-over-quarter to $520,323
- Gross margin expanded to 58% from 51% in Q1 2025
- Device sales increased 495% year-over-year to 1,935 units
- Operating costs reduced by 72% compared to Q2 2024
- Subscription revenue grew 83% to $65,974
- New strategic partnerships established for market expansion
- Subscription revenue remains a small portion of total revenue at $65,974
- Heavy reliance on device sales for revenue growth
- Recent profitability track record limited to just one quarter
Strong top-line gains, reduced expenditures, and improved gross margins result in milestone quarter
VANCOUVER, 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.聽
The Company achieved its first-ever quarterly net profit in its history, driven by continued increases in sales, improved operating efficiencies, and gross margin expansion.
Q2 2025 Financial and Operational Highlights
- Revenue Growth: Total revenue increased by
26% over Q1 2025 and114% year-over year to$520,323 in Q2 2025. - Net Profit Achieved: Q2 2025 marked Hapbee鈥檚 first profitable quarter in company history, with net income of
$17,988 , compared to a net loss of$178,984 in Q1 2025 and a loss of$1.86 million in Q2 2024. - Gross Profit Increase: Gross profit improved
45% quarter-over-quarter to$301,078. - Gross Margin Increase: Gross margin increased to
58% , up from51% in Q1 2025, driven by a higher mix of subscription revenue and increased average order values. - Operating Cost Reductions: Operating expenditures decreased by
20% compared to Q1 2025 and72% as compared to Q2 2024, reflecting the Company鈥檚 ongoing cost discipline and operational efficiencies. - Device Sales Momentum: Device unit sales increased by
38% in Q2 2025 to 1,935 units, nearly six times higher (+495% ) than the same period in 2024 (325 units). - Subscription Revenue Increase: Subscriber revenue increased by
83% in Q2 2025, to$65,974 and25% higher than Q2 2024.
鈥淭his quarter represents a significant milestone for Hapbee and we are delighted to share with our shareholders that we have achieved three consecutive quarters of growth,鈥� said Riz Shah, Chairman of the Board. 鈥淎chieving profitability is a major step forward, and we remain disciplined in sustaining this momentum in the quarters ahead.鈥�
The company also introduced new additions to the leadership team. Ahsan Ashraf is Hapbee鈥檚 new CTO and joined the Board with new additions Kenny Adessky and Rachid Lassal. Mr. Ashraf led deployment of the new Hapbee App launched in May 2025, which introduced 鈥渂oosted鈥� signal functionality, an AI-guided Vibe discovery engine, improved device connectivity and enhanced usability, all of which are already contributing to increased user engagement and subscription revenue.聽
The Company has also announced that it will be launching its new consumer full-body mattress topper in Q3 2025 and is targeting Q4 2025 to launch the next version of its neckband daily wearable.
The Company announced new partnerships with Snooze Mattress, based in Denver, Colorado, to grow enterprise consumer sales in the US; Gharieni, based in Moers, Germany, to grow enterprise sales in spa and wellness in the Middle East and Europe; and Liberty Alliance, based in Tampa, Florida, to grow enterprise sales in the defense sector.聽
More about Hapbee
Hapbee Technologies is a wearable wellness technology company with a proprietary platform that delivers low-power digital signals through wearable devices. These signals are intended to help users optimize how they feel - including focus, relaxation, and sleep. Hapbee products are used by customers worldwide seeking to support their wellness routines.
You can learn more about how Hapbee works at聽
Forward-Looking Statements
Forward-looking information is provided for the purpose of presenting information about management鈥檚 current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information involves notable risks and uncertainties and should not be read as a guarantee of future performance or results as actual results may differ materially from those expressed or implied in such forward-looking information.
This news release contains 鈥渇orward-looking information鈥� which may include, but is not limited to, statements with respect to the Company鈥檚 planned operations, business strategy and developments. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the receipt of applicable regulatory approvals; anticipated product development; consumer confidence; and general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board of Directors:
Kenny Adessky - Corporate Secretary
1 888 841 7086
[email protected]
For further information, please contact:
Investor Relations
Renmark Financial Communications Inc.
Bettina Filippone: [email protected]
Tel: (416) 644-2020 or (514) 939-3989
Media Relations
Theory Communications
Andrea Hamilton: [email protected]
FAQ
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