- Hapbee Technologies (HAPBF, Financial) reports its first-ever quarterly profit in Q2 2025.
- The company achieved a net income of $17,988 with a 26% increase in revenue from Q1 2025.
- Device sales surged by 38% quarter-over-quarter, and subscription revenue rose by 83%.
Hapbee Technologies (OTCQB: HAPBF), a leading wearable wellness technology firm, has announced its first profitable quarter in Q2 2025, a significant achievement in the company's history. Hapbee reported a net income of $17,988, a remarkable turnaround from the $178,984 loss in Q1 2025. This comes amidst continued growth and strategic realignments aimed at enhancing company performance.
Financially, Hapbee's Q2 2025 revenue rose by 26% from the previous quarter, standing at $520,323. Compared to Q2 2024, this represents a substantial 114% increase in revenue. The company's gross profit also improved by 45% quarter-over-quarter to $301,078, with the gross margin expanding to 58%, up from 51% in Q1 2025, driven by a higher mix of subscription revenue.
Device unit sales saw a notable 38% increase in Q2 2025, reaching 1,935 units. This is nearly six times the sales volume of the same period in 2024. Subscription revenue also experienced significant growth, climbing 83% to $65,974, which is 25% higher than in Q2 2024.
Operationally, Hapbee implemented cost-cutting measures, reducing expenses by 20% compared to Q1 2025 and 72% compared to Q2 2024. This reflects the company's ongoing commitment to cost discipline and operational efficiencies.
In addition to financial gains, Hapbee has further strengthened its leadership team with the appointment of Ahsan Ashraf as Chief Technology Officer. The company also formed strategic partnerships with Snooze Mattress, Gharieni, and Liberty Alliance to bolster market expansion across various sectors.
Looking ahead, Hapbee plans to launch a new consumer full-body mattress topper in Q3 2025 and a next-generation neckband wearable in Q4 2025, continuing its momentum in the wellness technology space.
