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 …