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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]
Hapbee Appoints New Leaders to Accelerate Women’s Wellness Through Frequency Healing Technology
Globenewswire· 2025-10-27 16:50
Core Insights - Hapbee Technologies Inc. is expanding its focus into the FemTech market, which is projected to exceed USD 177 billion by 2033 with an annual growth rate of over 13% CAGR [2][4] - The company has appointed Jodie Jackson as Chief Neural Optimization Officer and Nancy H. Rothstein as Chief Sleep Officer to enhance its commitment to women's wellness [1][3] Company Strategy - The initiative aligns with Hapbee's long-term growth strategy to scale its proprietary frequency-based platform across the FemTech market [2] - Upcoming innovations will include new frequency routines aimed at supporting hormonal harmony, stress management, and restorative sleep [4] Leadership and Expertise - Jodie Jackson will focus on designing personalized neural frequency protocols for cognitive, emotional, and hormonal balance [3] - Nancy H. Rothstein will oversee the development of sleep programs, leveraging her extensive experience in sleep education [3][5] Market Positioning - The company emphasizes the importance of creating technologies specifically for women, rather than retrofitting existing solutions [5] - Hapbee's products are already trusted by wellness professionals and consumers in over 40 countries, indicating a strong market presence [6]
Hapbee Announces R&D of Three New Frequency Wellness Signals for Hunger Management, Allergy Comfort, and Sexual Vitality; Closes Private Placement and Appoints Director
Globenewswire· 2025-10-20 21:18
Core Insights - Hapbee Technologies Inc. is advancing research on three new frequency wellness signals: Hunger Management, Allergy Comfort, and Sexual Vitality, aiming to broaden its platform's usage and reinforce its leadership in frequency wellness [1][10] - The new signals are designed to help users support balance, comfort, and confidence in their daily lives, emphasizing a natural approach to wellness without medical claims [2][5] Product Development - The three new signals are currently in the research and development phase and are not intended for medical or therapeutic use, with pilot experiences expected to begin later this year [7] - Hapbee's existing signal library includes Sleep, Focus, Calm, Energy, and Strain Relief, which has powered millions of wellness sessions globally [8] Company Mission and Philosophy - The company aims to provide a safe and natural way for individuals to enhance their wellbeing without the use of pharmaceuticals, focusing on energy and technology to restore balance [5][9] - Hapbee's technology engages the body's natural energetic systems, promoting harmony and wellbeing through frequency patterns rather than chemical ingestion [3][4] Financial Update - Hapbee has closed a non-brokered private placement, issuing 7,425,000 units at a price of CAD$0.10 per unit, resulting in gross proceeds of CAD$742,500 [9][11] - The net proceeds from this offering will be allocated to product and business development, as well as general corporate purposes [13] Leadership Changes - The company has appointed Krishna Subramanian as a new board member and Chief Financial Officer, indicating a strategic move to strengthen its leadership team [14]
Hapbee Strengthens Leadership Team with Key Appointments; Provides Update on Shares-for-Debt Settlement
Globenewswire· 2025-09-13 01:00
Leadership Changes - Hapbee Technologies has appointed Krishna Subramanian as Chief Financial Officer, bringing over 30 years of experience in strategic and operational finance [2][4] - Riz Shah, Chairman of the Board, will serve as Interim Chief Executive Officer, while Yona Shtern steps down from the CEO role and will not seek re-election [3][4] - The leadership changes aim to enhance innovation, financial discipline, and customer experience as the company focuses on product and market expansion [4] New Appointments - Pat Murray has been appointed as Head of Devices Product Engineering, leveraging his experience in assembling product teams for major clients [7] - TJ Varghese has been appointed as Head of Devices Product Management, bringing over a decade of experience in hardware innovation from Google [7] Financial Update - Hapbee is proceeding with a shares-for-debt settlement of $112,500, issuing 1,250,000 shares at a deemed price of $0.09 per share to settle part of an aggregate debt of $235,954.48 [5][6] - The debt represents unpaid fees for marketing services, and the company aims to preserve cash for future operations [6] Strategic Focus - The leadership changes and new appointments are part of a strategy to fast-track product development and enhance market presence [4][7] - The company is positioned to deliver new product deployments and ensure sustainable growth through financial discipline and innovation [4]
Hapbee Strengthens Leadership Team with Key Appointments; Provides Update on Shares-for-Debt Settlement
Globenewswire· 2025-09-13 01:00
Core Insights - Hapbee Technologies Inc. is undergoing significant leadership changes to enhance its product strategy and accelerate market expansion [1][3][4] Leadership Changes - Krishna Subramanian has been appointed as Chief Financial Officer, bringing over 30 years of experience in strategic and operational finance [2][4] - Riz Shah, the Chairman of the Board, will take on the role of Interim Chief Executive Officer, ensuring continuity during this transition [3][4] - Yona Shtern will step down as CEO and will not seek re-election as a director at the upcoming Annual General & Special Meeting [3] Product Development Focus - The company has appointed two new senior leaders to strengthen its innovation and product execution capabilities [4][6] - Pat Murray, Head of Devices Product Engineering, has a background in leading marketing teams for major brands, which will aid in product development [6] - TJ Varghese, Head of Devices Product Management, has extensive experience in hardware innovation, particularly from his time at Google [6] Financial Updates - Hapbee is proceeding with a shares-for-debt settlement to address an aggregate debt of $235,954.48, settling $112,500 through the issuance of 1,250,000 shares at a deemed price of $0.09 per share [5][7] - The debt represents unpaid fees for services related to marketing approved products, and the company aims to preserve cash for future operations [6][7]
Hapbee Secures Strategic Backing and Commercial Agreement to Enter Multi-Billion Dollar Asian Wellness Market
Globenewswire· 2025-08-18 13:47
Core Insights - Smile Group has made a strategic investment in Hapbee Technologies to expand its digital wellness platform in Asia, focusing initially on Singapore and India [1][2][4] - The partnership aims to leverage Smile Group's expertise in consumer technology and brand building to accelerate Hapbee's market entry and adoption in the region [4][5] Investment Details - Smile Group will invest $675,000 in Hapbee's non-brokered private placement, which consists of up to 10,000,000 units priced at $0.10 per unit, with total gross proceeds expected to reach $1,000,000 [5] - Each unit includes one subordinate voting common share and one common share purchase warrant, exercisable at $0.15 CAD for three years [5] Market Focus - The partnership will initially target the rapidly growing wellness markets in Singapore and India, with plans for further expansion into other Asian regions [2][4] - The collaboration is expected to meet the increasing consumer demand for innovative wellness solutions in these markets [4][5] Company Background - Smile Group has over two decades of experience in launching and scaling technology ventures, including notable brands like Airbnb and Snap [3][7] - The group has recently entered the health tech sector, focusing on high-growth wellness and preventive healthcare startups across Asia [3][8] Product Offering - Hapbee Technologies specializes in digital wellness through its bio-streaming technology, allowing users to influence their mental states without substances [9] - The platform is trusted by professional athletes and wellness experts, positioning it as a leader in the wellness technology space [9]
Hapbee Expands Community Monetization with Gift-A-Friend and Referral Programs
Globenewswire· 2025-08-08 15:36
Core Insights - Hapbee Technologies, Inc. has launched two new initiatives, Gift-A-Friend and Hapbee Referrals, aimed at rewarding members for sharing their wellness products with others [1][4] - The Gift-A-Friend program allows members to gift a device to a friend and receive a $50 discount on their own purchase, promoting personal sharing of wellness experiences [2] - The Referral Program offers members $40 for each successful referral, which can be redeemed for devices, memberships, store credit, or cash, enhancing community engagement [3][4] Program Details - Gift-A-Friend enables members to share their positive experiences with Hapbee by gifting devices, thus incentivizing both the giver and the recipient [2] - The Referral Program is designed to track rewards in real-time through the Hapbee app, making it easy for members to see their earnings while expanding the community [3] - Both programs are part of Hapbee's broader growth strategy, which includes the recently launched Affiliate & Ambassador Program, creating multiple engagement avenues for the community [4] Company Overview - Hapbee Technologies is a digital wellness company that specializes in ultra-low frequency bio-streaming, allowing users to influence their mental states without substances [6] - The company is publicly traded on the TSX Venture Exchange under the symbol HAPB and is accessible to U.S. investors via the OTC Markets under the symbol HAPBF [5]
Hapbee Reports First-Ever Quarterly Profit in Q2 2025 and Achieves Third Consecutive Quarter of Growth
Globenewswire· 2025-07-18 15:23
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]
Ahsan Ashraf Joins Jaylen Brown as Hapbee Investor, Executive and Board Member
Globenewswire· 2025-06-27 20:30
Core Insights - Hapbee Technologies Inc. is expanding its Board of Directors by adding three senior leaders in technology, legal, and finance to support its growth phase and innovation efforts [1][2] - The company has revoked the Management Cease Trade Order (MCTO) following the filing of its 2024 audited annual financial statements, allowing its CEO and CFO to trade securities without restrictions [3] Group 1: Board Expansion - Ahsan Ashraf has been appointed to the Board as Chief Technology Officer, enhancing leadership as the company focuses on innovation and market expansion [1][2] - The Board will increase from eight to ten members to better manage the company's growing scale and complexity [2] - Mark Timm will step down from the Board after four years, with the CEO expressing gratitude for his contributions [3] Group 2: Revocation of MCTO - The revocation of the MCTO allows the company's CEO and CFO to trade securities freely, following the submission of required financial statements [3] - The MCTO was previously approved under National Policy 12-203 by the British Columbia Securities Commission [3] Group 3: Company Overview - Hapbee Technologies is a digital wellness company that specializes in bio-streaming wearables aimed at optimizing sleep, focus, mood, and recovery [4] - The company's technology delivers safe, non-invasive signals to promote well-being, all managed through a mobile app [4] Group 4: New Board Members - Kenneth S. Adessky joins as Corporate Counsel and Corporate Secretary, bringing extensive legal and regulatory expertise [6] - Rachid Lassal, CPA, joins the Board with a background in global finance, focusing on corporate finance and public company readiness [6]
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]