Hapbee Delivers Record Profit of USD $1.43 Million in Second Straight Quarter of Growth, Posts Q3 Revenue of $446,897 and Earnings of 0.5 Cents Per Share

Executive Summary

• Hapbee Technologies reported record Q3 2025 net profit of US$1.43 million, the highest quarterly profit in company history.
• Subscription base grew 93% QoQ to 4,570 paid subscribers, driving a 34% increase in subscription revenue to US$108,694.
• Balance sheet strength improved markedly: accounts payable down 41%, promissory notes down 76%, warrant liability down 26%, and cash more than doubled to US$259,791.

Key Details

• Financial Highlights
• Net income: US$1,431,567 (vs. $17,988 in Q2 2025; FY 2024 loss of $(6,596,111)).
• Revenue: US$446,897, a 231% increase over Q3 2024 ($135,183).
• Gross margin: 44%, up from 31% at year‑end 2024.
• EPS: 0.53 cents per share (based on current share price $0.03 → annualized earnings multiple 1.4×).
• Subscription Metrics
• Paid subscribers: 4,570, up 93% QoQ and 188% vs. Q1 2025.
• Subscription revenue: US$108,694 (34% increase QoQ; 105% increase vs. Q1 2025).
• Device Sales
• Units sold: 1,270 units in Q3 2025 (down from 1,846 in Q2 due to inventory constraints).
• Liquidity & Liabilities
• Cash on hand: US$259,791 (YE 2024: $132,274).
• Accounts payable: US$1,716,087, down 41%.
• Promissory notes: US$351,335, down 76%.
• Warrant liability: US$1,169,836, down 26%.
• Leadership Changes
• New CFO & Board Member: Krishna Subramanian.
• New Chief Neural Optimization Officer: Jodie Jackson.
• New Chief Sleep Officer: Nancy Rothstein.
• New Board Member (Capital Markets): Hasan Shahid.
• New Head of Product Development: Pat Murray; Head of Device Management: TJ Varghese.
• Departing board member: Rachid Lassal.
• Strategic Initiatives
• Advancement of V2 neckband “halo” product and scalable product roadmap.
• Major Q4 mobile app release featuring AI‑powered wellness concierge, Apple Health/Oura/WHOOP integration, “airplane” mode, new signal blends, and backend redesign for large‑scale membership growth.
• Expanded focus on fem‑tech and frequency‑healing markets; ongoing licensing efforts and partner‑led distribution strategy.
• Active identification of acquisition targets in frequency‑wellness, vibrational‑healing, and energetics technology sectors.
• Preparation for a comprehensive rebrand centered on natural, non‑ingestible wellness solutions.

Notable Quotes

• Riz Shah, Chairman of the Board: “Hapbee delivered a truly transformational quarter… Achieving the strongest profit in our Company’s history while providing the company’s first-ever positive earnings per share reflects the strength and execution of our new team.”
• Krishna Subramanian, CFO: “We significantly strengthened our financial foundation through improved profitability, liability reductions, and recurring subscription growth. Q3 demonstrates that Hapbee can scale while reinvesting strategically in innovation and licensing.”