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
Rhea-AI Summary
Hapbee (OTCQB:HAPBF) reported record Q3 results for the quarter ended Sept 30, 2025: net income USD $1,431,567, revenue of $446,897, and earnings of ~0.53 cents per share. Paid subscribers rose to 4,570 (93% QoQ, 188% vs Q1) and subscription revenue was $108,694 (+34% QoQ). Gross margin improved to 44%. The company reduced liabilities: accounts payable down 41% to $1,716,087, promissory notes down 76% to $351,335, and warrant liability at $1,169,836. Cash was $259,791. Management highlighted investment in V2 neckband, app upgrades, fem-tech focus, licensing strategy, and a planned rebrand.
Positive
- Net income of USD $1,431,567 (record quarterly profit)
- Paid subscribers 4,570 (+93% QoQ; +188% vs Q1 2025)
- Revenue of $446,897 (+231% vs Q3 2024)
- Gross margin improved to 44%
- Promissory notes reduced 76% to $351,335
Negative
- Device unit sales fell to 1,270 from 1,846 in Q2 due to inventory shortages
- Warrant liability remains $1,169,836, a notable ongoing liability
- Cash balance was $259,791, limited liquidity for large-scale deployment
News Market Reaction
On the day this news was published, HAPBF gained 33.33%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers in Consumer Electronics were mostly flat, with minor moves such as SPRS -2.12% and CSIOY +0.01%, while HAPBF declined 11.17%, indicating a stock-specific reaction.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 03 | Board appointment | Positive | -16.9% | Added experienced capital-markets board member while another director stepped down. |
| Dec 01 | Quarterly earnings | Positive | +33.3% | Record Q3 profit, higher revenue, stronger margins, and reduced liabilities. |
| Oct 27 | Strategic hires | Positive | -7.7% | New leaders appointed to drive women’s wellness and frequency-healing strategy. |
| Oct 20 | Private placement & R&D | Neutral | +2.6% | Closed private placement and advanced new wellness signals and leadership update. |
| Sep 12 | Leadership & financing | Neutral | +0.7% | CFO change, interim CEO, product leaders, and shares-for-debt settlement. |
Recent news shows mixed reactions: strong positive response to record earnings, but leadership and strategic updates sometimes saw negative moves. Overall, reactions to operational/financing items have been modest, while standout financial results drew the clearest positive move.
Over the last few months, Hapbee has combined leadership changes, financing, and operating updates with improving financial results. A shares-for-debt settlement on Sep 12, 2025 and an October private placement helped strengthen the balance sheet. New leadership hires focused on women’s wellness and capital markets in October and December. Against this backdrop, the Q3 2025 report on Dec 1 delivered record net income of $1.43M and revenue of $446,897, marking the company’s most profitable quarter.
Market Pulse Summary
The stock surged +33.3% in the session following this news. A strong positive reaction aligns with the record Q3 results, including net income of $1.43M, revenue of $446,897, and first-time positive EPS. Past earnings moves averaged about 4.77%, so a larger gain could reflect investors reassessing profitability and liability reductions. However, prior news sometimes saw sharp reversals, so execution on subscriptions, device sales, and balance-sheet protection would remain important.
Key Terms
promissory notes financial
warrant liability financial
AI-generated analysis. Not financial advice.
Record-setting financial performance driven by new management team grows recurring revenue position with
VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies Inc. (TSXV: HAPB | OTCQB: HAPBF), a wearable wellness technology company and the pioneer of bio-streaming frequency and vibration wellness products, today announced its unaudited financial results for the third quarter ended September 30, 2025.
Led by a new management team, Q3 marks the second consecutive and most profitable quarter in Hapbee’s history. Hapbee made further investments in scalable product architecture, continued development of the V2 neckband, expanded subscription revenues, and improved financial resilience in Q3. The Company also advanced its scalable market deployment plan, increased focus on fem-tech and frequency-healing partnerships, and continued preparing for a major rebrand.
Q3 2025 Financial and Operational Highlights
- Record Net Profit. Hapbee achieved net income of USD
$1,431,567 , the highest quarterly profit in Company history, compared to net income of$17,988 in Q2 2025 and a net loss of ($6,596,111) for FY 2024. - Subscription Growth: Total paid subscribers increased by
93% quarter-over-quarter (4,570 vs. 2,370 in Q2) and188% compared to Q1 2025. Subscription revenue increased34% to$108,694 , and105% compared to Q1 2025. - Gross Margin Improvement: Gross margin increased to
44% , up significantly from31% at year-end 2024. Margin fluctuations reflected temporary inventory constraints following strong Q2 demand. - Strengthened Financial Position: Accounts payable decreased
41% to USD$1,716,087 ; promissory notes reduced76% to$351,335 ; warrant liability decreased26% to$1,169,836 ; and cash increased to$259,791 (YE 2024:$132,274) . - Device Sales & Revenue: Net revenues totaled
$446,897 , representing a231% increase over Q3 2024 ($135,183) . Device unit sales were 1,270 units, compared to 1,846 units in Q2, impacted by inventory shortages caused by demand in Q2. - Revenue of
$446,897 and EPS (Earnings per Share) at 0.5 cents per share. Hapbee generated quarterly earnings of approximately 0.53 cents per share. Based on Hapbee’s current share price of USD$0.03 , this equates to an annualized earnings multiple of 1.4x.
“Hapbee delivered a truly transformational quarter, and we are incredibly proud of the efforts and sacrifices made by our new management team,” said Riz Shah, Chairman of the Board. “Achieving the strongest profit in our Company’s history while providing the company’s first-ever positive earnings per share reflects the strength and execution of our new team. While we still have lots of work to do, our plans include focusing on licensing our technology to expand our product roadmap, focus on the fem-tech market and with our upcoming rebrand, to enable us to scale as efficiently as possible in 2026 and beyond.”
New and Expanded Leadership
Hapbee expanded its executive leadership across product development, neuroscience, sleep, fem-tech, and capital markets, including:
- Krishna Subramanian – Chief Financial Officer & Board Member. Krishna brings decades of global financial leadership, specializing in corporate restructuring, capital markets, and operational discipline.
- Jodie Jackson – Chief Neural Optimization Officer. Jodie brings deep expertise in neuroscience, human performance, and behavioral optimization, ensuring the Company’s bio-streaming library aligns with evidence-based neurophysiology and real-world user needs.
- Nancy Rothstein – Chief Sleep Officer. A nationally recognized authority on sleep health and education, Nancy is guiding Hapbee’s sleep-focused product development, partnerships, and content strategy.
- Hasan Shahid – Board Member (Capital Markets). Founder and CIO of a New York–based hedge fund, Hasan adds institutional investment expertise and strategic insight into capital structure, M&A, and long-term shareholder value creation.
- Pat Murray – Head of Product Development. Pat leads the engineering and manufacturability strategy for Hapbee’s hardware, overseeing the creation of universally compatible components and the development of the V2 neckband.
- TJ Varghese – Head of Device Management. TJ drives Hapbee’s next-generation architecture - ensuring that all components are impactful in design, modular, embeddable, and optimized for future licensing and large-scale deployment.
Additionally, Rachid Lassal has stepped down from the Board. The Company thanks Mr. Lassal for his dedicated service, contributions, and guidance during his tenure.
New Focus on Licensing Technology to Penetrate Wellness Device Market
The Company has advanced its scalable product roadmap, driven by developing universally applicable engineering components, and continued development of the V2 neckband ‘halo’ product designed for improved comfort, enhanced signal delivery, and next-generation architecture, to significantly broaden Hapbee’s customer base.
Revamped App for Large-Scale Market Deployment
Hapbee is preparing a major Q4 release of its mobile app, featuring:
- A new AI-powered wellness concierge
- Integration with Apple Health, Oura Ring, and WHOOP
- ‘Airplane’ mode for use during your flight
- New signal blends and boosted intensities
- A rebuilt backend designed for large-scale membership growth
Expansion into Fem-Tech and Frequency-Healing Audiences:
Hapbee deepened its focus on women’s wellness, addressing sleep, stress, hormonal shifts, and emotional fatigue, while aligning with frequency-healing partnerships and communities.
In addition to scaling through licensing and partner-led distribution, Hapbee is actively identifying potential acquisition targets within the frequency-wellness, vibrational-healing, and energetics technology sectors to accelerate category leadership and expand its intellectual property portfolio.
Significantly Reduced Liabilities and Improved Resilience:
The Company materially improved its balance sheet through reductions in payables, promissory notes, and warrant liabilities, reinforcing financial stability.
Preparation for Major Rebrand:
Hapbee is actively preparing a broad rebrand centered on natural, non-ingestible wellness solutions and increased consumer awareness of electromagnetic-mediated biological benefits.
Progress Toward Licensing & Partner-Led Distribution:
Hapbee continued building toward licensing agreements, revenue-share structures, and partner-led distribution channels using lower entry-point priced products and universally compatible components.
Krishna Subramanian, Chief Financial Officer, added: “We significantly strengthened our financial foundation through improved profitability, liability reductions, and recurring subscription growth. Q3 demonstrates that Hapbee can scale while reinvesting strategically in innovation and licensing. We enter Q4 with renewed momentum and strong positioning for 2026.”
More About Hapbee
Hapbee Technologies is a wearable wellness technology company with a proprietary platform that delivers low-power digital signals through its bio-streaming devices to help users optimize how they feel—supporting sleep, relaxation, focus, and performance without ingesting compounds.
Learn more at www.hapbee.com
Forward-Looking Statements
Forward-looking information in this release reflects management’s current expectations and is subject to substantial risks and uncertainties. Actual results may differ materially from those expressed or implied. This includes risks related to regulatory approvals, consumer adoption, economic conditions, strategic partnerships, product development timelines, and other factors described in the Company’s filings at www.sedarplus.ca.
The Company does not undertake to update forward-looking statements except as required by law.
Neither TSXV nor its Regulation Services Provider 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
invest@hapbee.com
FAQ
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