Latest news with #bio-streaming
Globe and Mail
24-06-2025
- Business
- Globe and Mail
Hapbee Delivers Breakout Q1 2025: Record Growth, Leaner Operations, and a Clear Path to Scalable Profitability
VANCOUVER, British Columbia, June 24, 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, announced today its operational and strategic highlights for Q1 2025. Building on the momentum of its record-breaking Q4 2024, Hapbee entered 2025 with exceptional velocity - delivering substantial growth in sales, significant 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, profitability, and user-centric product innovation. Q1 2025 Highlights Accelerated Device Sales: Unit sales more than tripled year-over-year and surged nearly 50% over Q4 2024 (following a 198% increase in device sales Q4 2024 over Q3 2024) reflecting strong consumer demand and effective activation strategies across digital and retail channels. Successful Operational Restructuring Supports Growth: A company-wide cost optimization program resulted in a substantial reduction in operating expenses of 62% as compared to Q4 2024 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. Strengthened Margins: Gross margin improvements were realized through a combination of stable cost of goods and refined pricing strategies, with additional supply chain optimizations underway. 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 Expansion: 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 a transformative 2024, which included: Device sales revenue increased 198% quarter-over-quarter, with unit shipments doubling, 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 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 created a springboard for the Company's current momentum and reinforce its mission to make wellness accessible, personalized, and effective for everyone. '2025 is off to a powerful start,' said Riz Shah, Chief Commercial Officer of Hapbee. 'We are proud to have achieved the rare combination of accelerating revenue and disciplined cost control, signaling a scalable growth model. Hapbee is now positioned to enter its most capital-efficient phase yet, and we are incredibly excited for the Hapbee community and our shareholders.' 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 and on Hapbee's investor website at Learn more at 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 significant 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. Media Relations Theory Communications Andrea Hamilton: andrea@
Yahoo
24-06-2025
- Business
- Yahoo
Hapbee Delivers Breakout Q1 2025: Record Growth, Leaner Operations, and a Clear Path to Scalable Profitability
Following a 198% sales surge in Q4, Hapbee added 191% revenue growth in Q1 2025 while reducing operating expenses by 62% VANCOUVER, British Columbia, June 24, 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, announced today its operational and strategic highlights for Q1 2025. Building on the momentum of its record-breaking Q4 2024, Hapbee entered 2025 with exceptional velocity - delivering substantial growth in sales, significant 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, profitability, and user-centric product innovation. Q1 2025 Highlights Accelerated Device Sales: Unit sales more than tripled year-over-year and surged nearly 50% over Q4 2024 (following a 198% increase in device sales Q4 2024 over Q3 2024) reflecting strong consumer demand and effective activation strategies across digital and retail channels. Successful Operational Restructuring Supports Growth: A company-wide cost optimization program resulted in a substantial reduction in operating expenses of 62% as compared to Q4 2024 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. Strengthened Margins: Gross margin improvements were realized through a combination of stable cost of goods and refined pricing strategies, with additional supply chain optimizations underway. 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 Expansion: 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 2024Hapbee's Q1 performance builds on a transformative 2024, which included: Device sales revenue increased 198% quarter-over-quarter, with unit shipments doubling, 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 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 created a springboard for the Company's current momentum and reinforce its mission to make wellness accessible, personalized, and effective for everyone. '2025 is off to a powerful start,' said Riz Shah, Chief Commercial Officer of Hapbee. 'We are proud to have achieved the rare combination of accelerating revenue and disciplined cost control, signaling a scalable growth model. Hapbee is now positioned to enter its most capital-efficient phase yet, and we are incredibly excited for the Hapbee community and our shareholders.' About Hapbee Technologies 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 and on Hapbee's investor website at Learn more at 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 InformationForward-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 significant 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. Investor RelationsRenmark Financial Communications Filippone: bfilippone@ (416) 644-2020 or (514) Media RelationsTheory CommunicationsAndrea Hamilton: andrea@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Hapbee Technologies Inc. Closes 2024 with Record Q4 Device Sales, Global Distribution Partnerships and Strategic Board Appointments
VANCOUVER, British Columbia, June 24, 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, is pleased to announce the financial and operational results for the fiscal year ending December 31, 2024. In 2024, Hapbee executed a bold strategic reset anchored by two private placement rounds, a revitalized ambassador program, and three new additions to its Board of Directors which propelled a record surge in Q4 device shipments and revenues, marking a pivotal inflection point in the Company's commercial trajectory. Device Sales & Revenue: Q4 marked a breakout period, with device sales revenue soaring 198% and unit shipments doubling quarter-over-quarter fueled by elevated customer engagement, improved product education, and growing brand visibility. - Ambassador-Led Marketing: A targeted ambassador engagement strategy and high-impact digital campaigns funded by private placements in Q2 and Q3 amplified Hapbee's brand presence and ignited consumer demand across digital and social channels. - Retail Expansion: Hapbee products are now available in 380+ Target stores nationwide and online at reinforcing broad consumer access and strengthening the retail distribution network. - Luxury Wellness Partnership: The launch of a collaboration with Jumeirah Group integrated Hapbee's products into premier spa wellness programs, with plans underway to expand into additional Jumeirah properties globally. - Enhanced Sleep Solutions: Introduction of a new, entry-level Smart Sleep Membership at a more accessible price point ($10/month or $99/yr) aligned with the recently launched Smart Sleep Pad broadens the Company's sleep-wellness offering for sleep-focused consumers. - Platform & Product Investments: Capital and resources were allocated to develop a next-generation mobile app and redesign the website, designed to deliver seamless user experiences, personalized features, and new subscription revenue channels in 2025. - Board Strengthening: Hapbee welcomed NBA All-Star Jaylen Brown, Chief Commercial Officer Rizwan Shah, and global business leader Abdulla Al Zain to its Board of Directors, enhancing the Company's strategic guidance in product innovation and international expansion. 'Our team executed a strategic reset in Q2 to improve product experience, brand awareness, and retail accessibility,' said Yona Shtern, CEO of Hapbee. 'The Q4 results confirmed that these initiatives are yielding strong returns. We enter 2025 with significant momentum, and we look forward to the upcoming launch of our reimagined mobile app and enriched customer journey.' About Hapbee Technologies Inc.: Hapbee is a digital wellness technology company specializing in bio-streaming wearables designed to help people improve their sleep, focus, mood, and recovery. The company's mission is to put wellness into the hands of everyone, through accessible, science-backed, and non-invasive solutions. The Company's financial statements and management's discussion and analysis for the period ended December 31, 2024 are available on SEDAR+ at and on Hapbee's investor website at Learn more at 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 InformationForward-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 significant 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. Investor RelationsRenmark Financial Communications Filippone: bfilippone@ (416) 644-2020 or (514) Media RelationsTheory CommunicationsAndrea Hamilton: andrea@ in to access your portfolio
