- Hapbee Technologies (TSXV:HAPB), a wearable wellness company that boasts NBA Champion Jaylen Brown as a board member, achieved its first quarterly profit in Q2 2025, ended June 30, driven by strong revenue, streamlined costs and a higher gross margin
- Hapbee operates a proprietary platform that sends low-power digital signals through its wearable device networks designed to promote focus, relaxation or sleep
- Hapbee stock has given back more than 85 per cent since inception in 2020
Hapbee Technologies (TSXV:HAPB), a wearable wellness company that boasts NBA Champion Jaylen Brown as a board member, achieved its first quarterly profit in Q2 2025, ended June 30, driven by strong revenue, streamlined costs and a higher gross margin.
This content has been prepared as part of a partnership with Hapbee Technologies Inc., and is intended for informational purposes only.
Here are the highlights:
- Revenue increased by 26 per cent from Q1 2025 and by 114 per cent year-over year to US$520,323.
- Net income came in at US$17,988, up from a net loss of C$178,984 in Q1 and a loss of C$1.86 million year-over-year.
- Gross profits improved by 45 per cent quarter-over-quarter to US$301,078.
- Gross margin reached 58 per cent, up from 51 per cent in Q1, supported by higher subscription revenue and average order values.
- Operating costs fell by 20 per cent since Q1 and by 72 per cent year-over-year, reflecting leadership’s cost discipline and resource efficiency.
- Device unit sales grew by 38 per cent during the quarter, hitting 1,935 units, which is up by almost 6x from 325 units year-over-year.
- Subscription revenue climbed by 83 per cent from Q1 to US$65,974, representing a 25 per cent gain year-over-year.
The milestone quarter follows Brown’s appointment alongside Ahsan Ashraf, the company’s new chief technology officer, who spearheaded development of the new Hapbee App released in May 2025, leading to enhanced connectivity, usability and signal functionality directly attributable to improving user engagement and subscription revenue. The company’s previous six months are marked by 198 per cent quarter-over-quarter revenue growth in Q4 2024 and 50 per cent growth in Q1 2025, respectively.
Hapbee’s upcoming growth initiatives include the launch of a consumer full-body mattress topper in Q3, followed by a new version of its neckband daily wearable in Q4, amid ongoing marketing efforts with partners Snooze Mattress and defense innovator Liberty Alliance in the U.S., and with German spa equipment specialist Gharieni in Europe and the Middle East.
Leadership insights
“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,” Riz Shah, Hapbee Technologies’ chairman, stated in Friday’s news release. “Achieving profitability is a major step forward, and we remain disciplined in sustaining this momentum in the quarters ahead.”
About Hapbee Technologies
Hapbee is a wearable wellness technology developer. The company operates a proprietary platform that sends low-power digital signals through its device networks designed to promote focus, relaxation or sleep.
Hapbee stock (TSXV:HAPB) is up by 5.88 per cent on the news trading at C$0.09 as of 11:03 am ET. The stock has given back more than 85 per cent since inception in 2020.
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