Hapbee Technologies Inc. experiences significant growth in Q4 sales and shipments in 2024.
From GlobeNewswire: 2025-06-24 00:23:00
Hapbee Technologies Inc. saw a 198% surge in Q4 device sales revenue and a 200% increase in shipments in 2024. This growth was fueled by a revitalized marketing strategy, expanded retail presence, luxury spa partnerships, and new high-profile Board members, setting the stage for accelerated growth in 2025.
As part of their strategic reset, Hapbee implemented private placements, a bolstered ambassador program, and added three new directors to the Board in 2024. These moves led to record Q4 device sales revenue and shipments, signaling a turning point for the company’s growth trajectory.
Hapbee’s Q4 success was attributed to elevated customer engagement, improved product education, and increased brand visibility. The company’s targeted ambassador marketing approach and digital campaigns funded by private placements boosted brand presence and consumer demand across various channels.
Hapbee’s products are now available in 380+ Target stores nationwide and online, expanding consumer access. The company also launched a collaboration with Jumeirah Group to integrate products into luxury spa wellness programs, with plans for global expansion in the works.
Hapbee introduced an entry-level Smart Sleep Membership at a more accessible price point, aligning with the Smart Sleep Pad launch to cater to sleep-focused consumers. Investments were made in a next-gen mobile app and website redesign to enhance user experience and introduce new subscription revenue channels in 2025.
NBA All-Star Jaylen Brown, Chief Commercial Officer Rizwan Shah, and global business leader Abdulla Al Zain joined Hapbee’s Board of Directors, strengthening strategic guidance for product innovation and international expansion. CEO Yona Shtern highlighted the success of the strategic reset and expressed optimism for continued momentum in 2025.
Hapbee Technologies Inc. specializes in bio-streaming wearables to improve sleep, focus, mood, and recovery. The company aims to provide accessible, science-backed, and non-invasive wellness solutions to empower individuals. Financial statements and analysis for the period ending December 31, 2024, can be found on SEDAR+ and Hapbee’s investor website.
Forward-looking information provided by Hapbee should be viewed as current expectations and plans, subject to risks and uncertainties. Management believes in the reasonableness of these expectations, but actual results may vary. The company assumes no obligation to update forward-looking information. For investor relations, contact Renmark Financial Communications Inc. or Theory Communications for media relations.
Read more at GlobeNewswire:: Hapbee Technologies Inc. Closes 2024 with Record Q4 Device