Hapbee Reports First-Ever Quarterly Profit in Q2 2025 and Achieves Third Consecutive Quarter of Growth
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.
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 and 114% year-over year to $520,323 in Q2 2025.
Net Profit Achieved: Q2 2025 marked Hapbee's 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 from 51% 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 and 72% as compared to Q2 2024, reflecting the Company's 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 and 25% higher than Q2 2024.
"This 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," said Riz Shah, Chairman of the Board. "Achieving profitability ...