Hapbee Technologies Inc. sees significant growth in sales, operational improvements, and new initiatives
From GlobeNewswire: 2025-06-25 16:56:00
Hapbee Technologies Inc. issued a clarification on its press release at the request of CIRO, highlighting continued growth in sales and operational improvements in Q1 2025. Device sales tripled year-over-year, operating expenses reduced by 62%, and a redesigned platform was launched for enhanced user experience and subscription management.
Q1 2025 saw Hapbee Technologies Inc. achieve significant growth in device sales, with unit sales more than tripling year-over-year and operating expenses reduced by 62%. The company also launched a redesigned mobile app and website, introduced an Ambassador Program, and revised its marketing messaging to focus on seven wellness challenges.
Building on its 2024 momentum, Hapbee Technologies Inc. reported a 198% increase in device sales revenue quarter-over-quarter and expanded its retail footprint to over 380 Target locations. The company also partnered with Jumeirah Group and introduced an affordable Smart Sleep Membership, aiming to make wellness accessible and effective for everyone.
Hapbee’s Chief Commercial Officer, Riz Shah, expressed pride in the company’s revenue growth and cost control in 2025. The company’s mission is to optimize sleep, focus, mood, and recovery through bio-streaming wearables controlled by a mobile app, promoting overall well-being in users. Financial statements for Q1 2025 are available on SEDAR and Hapbee’s investor website.
Read more at GlobeNewswire:: Hapbee Issues Clarification of June 24, 2025 Press Release