Hapbee Issues Clarification of June 24, 2025 Press Release on Q1 2025 Financial Results
Hapbee Technologies (OTCQB: HAPBF), a digital wellness technology company, has released a clarification of its Q1 2025 financial results. The company reported exceptional growth with device unit sales increasing by 315% year-over-year (from 338 to 1,404 units) and 50% quarter-over-quarter. This follows a strong Q4 2024 performance where sales grew 198%.
The company successfully reduced operating expenses by 62% compared to Q4 2024 (from $1.6M to $584K) through cost optimization initiatives. Hapbee has expanded its retail presence to over 380 Target locations and launched strategic partnerships with Jumeirah Group. The company also introduced an affordable Smart Sleep Membership at $10/month and is preparing to launch new products including the Immersive Mattress Topper and Neckband V2 later in 2025.
Hapbee Technologies (OTCQB: HAPBF), azienda specializzata in tecnologia per il benessere digitale, ha pubblicato una precisazione sui risultati finanziari del primo trimestre 2025. L'azienda ha registrato una crescita eccezionale con le vendite di dispositivi che sono aumentate del 315% su base annua (da 338 a 1.404 unità) e del 50% rispetto al trimestre precedente. Questo segue una forte performance nel quarto trimestre del 2024, con vendite cresciute del 198%.
L'azienda ha ridotto con successo le spese operative del 62% rispetto al quarto trimestre 2024 (da 1,6 milioni di dollari a 584 mila dollari) grazie a iniziative di ottimizzazione dei costi. Hapbee ha ampliato la propria presenza nei punti vendita, arrivando a oltre 380 negozi Target, e ha avviato partnership strategiche con il gruppo Jumeirah. Inoltre, ha introdotto un conveniente abbonamento Smart Sleep a 10 dollari al mese e si prepara a lanciare nuovi prodotti, tra cui il materasso immersivo e la Neckband V2, entro la fine del 2025.
Hapbee Technologies (OTCQB: HAPBF), una empresa de tecnología para el bienestar digital, ha publicado una aclaración sobre sus resultados financieros del primer trimestre de 2025. La compañía reportó un crecimiento excepcional con ventas de dispositivos que aumentaron un 315% interanual (de 338 a 1,404 unidades) y un 50% trimestre a trimestre. Esto sigue a un sólido desempeño en el cuarto trimestre de 2024, cuando las ventas crecieron un 198%.
La empresa logró reducir los gastos operativos en un 62% en comparación con el cuarto trimestre de 2024 (de 1.6 millones a 584 mil dólares) mediante iniciativas de optimización de costos. Hapbee ha ampliado su presencia en tiendas a más de 380 ubicaciones de Target y ha lanzado asociaciones estratégicas con el Grupo Jumeirah. También introdujo una membresía asequible Smart Sleep por 10 dólares al mes y se prepara para lanzar nuevos productos, incluyendo el colchón inmersivo y la Neckband V2, a finales de 2025.
Hapbee Technologies (OTCQB: HAPBF)는 디지털 웰니스 기술 회사로서 2025년 1분기 재무 결과에 대한 설명을 발표했습니다. 회사는 기기 판매 대수가 전년 대비 315% 증가 (338대에서 1,404대로)했으며, 분기별로도 50% 증가했다고 보고했습니다. 이는 2024년 4분기에 판매가 198% 성장한 강한 실적에 이은 것입니다.
회사는 비용 최적화 이니셔티브를 통해 2024년 4분기 대비 운영비용을 62% 절감 (160만 달러에서 58만 4천 달러로)하는 데 성공했습니다. Hapbee는 Target 매장 380곳 이상으로 소매 유통망을 확장했으며, Jumeirah Group과 전략적 파트너십을 체결했습니다. 또한 월 10달러의 합리적인 Smart Sleep 멤버십을 도입했으며, 2025년 후반에 Immersive Mattress Topper와 Neckband V2 등 신제품 출시를 준비 중입니다.
Hapbee Technologies (OTCQB : HAPBF), une entreprise spécialisée dans la technologie du bien-être numérique, a publié une clarification concernant ses résultats financiers du premier trimestre 2025. L'entreprise a rapporté une croissance exceptionnelle avec des ventes d'appareils en hausse de 315% d'une année sur l'autre (passant de 338 à 1 404 unités) et une augmentation de 50% d'un trimestre à l'autre. Cela fait suite à une solide performance au quatrième trimestre 2024, où les ventes ont augmenté de 198%.
L'entreprise a réussi à réduire ses dépenses d'exploitation de 62% par rapport au quatrième trimestre 2024 (de 1,6 million de dollars à 584 000 dollars) grâce à des initiatives d'optimisation des coûts. Hapbee a étendu sa présence en magasin à plus de 380 emplacements Target et a lancé des partenariats stratégiques avec le groupe Jumeirah. Elle a également introduit un abonnement Smart Sleep abordable à 10 $ par mois et se prépare à lancer de nouveaux produits, dont le Immersive Mattress Topper et le Neckband V2, plus tard en 2025.
Hapbee Technologies (OTCQB: HAPBF), ein Unternehmen für digitale Wellness-Technologie, hat eine Klarstellung zu seinen Finanzergebnissen für das erste Quartal 2025 veröffentlicht. Das Unternehmen meldete ein außergewöhnliches Wachstum mit einem 315%igen Anstieg der verkauften Geräte im Jahresvergleich (von 338 auf 1.404 Einheiten) und einem 50%igen Anstieg zum Vorquartal. Dies folgt auf eine starke Performance im vierten Quartal 2024, in dem die Verkäufe um 198% gestiegen sind.
Das Unternehmen konnte die Betriebskosten durch Kosteneinsparungsmaßnahmen um 62% gegenüber dem vierten Quartal 2024 senken (von 1,6 Mio. USD auf 584.000 USD). Hapbee hat seine Einzelhandelspräsenz auf über 380 Target-Filialen ausgeweitet und strategische Partnerschaften mit der Jumeirah Group gestartet. Zudem wurde eine erschwingliche Smart Sleep-Mitgliedschaft für 10 USD pro Monat eingeführt, und es werden neue Produkte wie der Immersive Mattress Topper und die Neckband V2 für Ende 2025 vorbereitet.
- Device unit sales increased 315% year-over-year and 50% quarter-over-quarter
- Operating expenses reduced significantly by 62% (from $1.6M to $584K)
- Retail expansion to over 380 Target locations
- Strategic partnership with Jumeirah Group for luxury spa integration
- Introduction of affordable Smart Sleep Membership at $10/month
- Company required clarification of financial results at regulatory request
- Significant cost-cutting measures could impact growth potential
Following a
VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies Inc. (TSXV: HAPB | OTCQB: HAPBF), (“Hapbee” or the “Company”), the digital wellness technology company pioneering the science of bio-streaming, announces this clarification of its earlier press release dated June 24, 2025. This clarification is being issued at the request of the Canadian Investment Regulatory Organization (CIRO).
Building on the momentum of Q4 2024, Hapbee entered 2025 with continued growth in sales - delivering meaningful growth in sales, notable reductions in operating expenses, and strategic improvements across its product and platform ecosystem. The Company’s Q1 performance results underscore Hapbee’s disciplined focus on operational excellence, improved efficiencies and user-centric product innovation.
Q1 2025 Highlights
- Device Sales Growth: Unit sales more than tripled year-over-year in Q1 (from 338 to 1,404) and nearly
50% over Q4 2024 (from 941 to 1,404). This followed a198% increase in device sales Q4 2024 over Q3 2024 reflecting strong consumer demand and effective activation strategies across digital and retail channels. - Operational Restructuring: A company-wide cost optimization program resulted in a meaningful reduction in operating expenses of
62% as compared to Q4 2024 (from$1.6M to$584 K) with savings realized through lower overhead, consulting fees, and streamlined administration, while preserving capital for high-impact R&D and commercial rollout of our next-gen wearable lineup - including the upcoming consumer launch of the Immersive Mattress Topper and Neckband V2 later in 2025. - Platform Modernization: Hapbee’s redesigned mobile app and website launched in the first half of Q2, introducing a more intuitive user experience, enhanced personalization, and improved subscription management - all key levers for recurring revenue growth.
- Ambassador Program Update: Human performance expert Gary Brecka engaged the wellness community, complementing existing brand advocates such as Jaylen Brown, Jason Kidd and others in expanding Hapbee’s presence in science-backed wellness.
- Revised Messaging Integrated Across All Platforms: Hapbee revised its marketing messaging to focus on seven of the most predominant wellness challenges facing consumers – sleep, focus, stress, anxiety, energy, body aches/strains and dependency on caffeine, smoking and vaping – creating a needs-driven yet multi-solution wellness platform across Hapbee’s website, Hapbee App and social campaigns.
Strategic Continuity from 2024
Hapbee’s Q1 performance builds on the 2024 results, which included:
- Device sales revenue increased
198% quarter-over-quarter from ($125 K to$375 K) driven by stronger customer engagement and education. - Ambassador-led campaigns powered a surge in brand awareness and digital demand, funded by earlier private placements.
- Retail footprint expanded to over 380 Target locations and Target.com, boosting national consumer access.
- Jumeirah Group partnership launched, integrating Hapbee into luxury spa programs with global expansion underway.
- Affordable Smart Sleep Membership introduced at
$10 /month or$99 /year, widening accessibility for sleep-focused users. - Platform upgrades underway, including a next-gen mobile app and redesigned website to drive user retention and subscription growth.
These initiatives allowed for continuation of the Company’s current momentum and reinforce the Hapbee mission to make wellness accessible, personalized, and effective for everyone.
“2025 is off to a strong start,” said Riz Shah, Chief Commercial Officer of Hapbee. “We are proud to have achieved a combination of accelerating revenue and disciplined cost control, signaling a scalable growth model.”
About Hapbee Technologies Inc.
Hapbee is a digital wellness technology company pioneering bio-streaming wearables designed to help people optimize sleep, focus, mood, and recovery. Hapbee’s proprietary technology delivers safe, non-invasive signals that promote well-being—all controlled through an intuitive mobile app.
The Company's financial statements and management's discussion and analysis for the period ended March 31, 2025 are available on SEDAR+ at www.sedarplus.ca and on Hapbee's investor website at investors.hapbee.com.
Learn more at www.hapbee.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Forward-looking information is provided for the purpose of presenting information about management’s 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. Those risks and uncertainties include, among other things, risks related to: that Hapbee will be able to complete its business objectives as anticipated; Hapbee’s industry and its business, which may negatively impact, and may continue to negatively impact, Hapbee and may materially adversely affect its investments, results of operations, financial condition and Hapbee’s ability to obtain additional equity or debt financing, and satisfy its financial obligations; circumstances may change resulting in the use of proceeds; general economic conditions; future growth potential; prices of its securities; liquidity; ability to access capital markets; environmental matters; and changes in legislation or regulations. Management believes that the expectations reflected in the forward-looking information contained herein are based upon reasonable assumptions and information currently available; however, management can give no assurance that actual results will be consistent with such forward-looking information.
The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to Hapbee. The forward-looking information is stated as of the date of this news release and Hapbee assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.
For further information, please contact:
Ken Adessky, Corporate Secretary, Hapbee Technologies Inc.
Phone: (514) 802-2566
Email: yona@hapbee.com
Investor Relations
Renmark Financial Communications Inc.
Bettina Filippone: bfilippone@renmarkfinancial.com
Tel: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com
Media Relations
Theory Communications
Andrea Hamilton: andrea@theorycomm.com
www.theorycomm.com
FAQ
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