Led by a new management team, Q3 marks the second consecutive and most profitable quarter in Hapbee's history. Hapbee made further investments in scalable product architecture, continued development of the V2 neckband, expanded subscription revenues, and improved financial resilience in Q3. The Company also advanced its scalable market deployment plan, increased focus on fem-tech and frequency-healing partnerships, and continued preparing for a major rebrand.
Q3 2025 Financial and Operational Highlights
Record Net Profit. Hapbee achieved net income of USD $1,431,567, the highest quarterly profit in Company history, compared to net income of $17,988 in Q2 2025 and a net loss of ($6,596,111) for FY 2024.
Subscription Growth: Total paid subscribers increased by 93% quarter-over-quarter (4,570 vs. 2,370 in Q2) and 188% compared to Q1 2025. Subscription revenue increased 34% to $108,694, and 105% compared to Q1 2025.
Gross Margin Improvement: Gross margin increased to 44%, up significantly from 31% at year-end 2024. Margin fluctuations reflected temporary inventory constraints following strong Q2 demand.
Strengthened Financial Position: Accounts payable decreased 41% to USD $1,716,087; promissory notes reduced 76% to $351,335; warrant liability decreased 26% to $1,169,836; and cash increased to $259,791 (YE 2024: $132,274).
Device Sales & Revenue: Net revenues totaled $446,897, representing a 231% increase over Q3 2024 ($135,183). Device unit sales were 1,270 units, compared to 1,846 units in Q2, impacted by inventory shortages caused by demand in Q2.
Revenue of $446,897 and EPS (Earnings per Share) at 0.5 cents per share. Hapbee generated quarterly earnings of approximately 0.53 cents per share. Based on Hapbee's current share price of USD $0.03, this equates to an annualized earnings multiple of 1.4x.
"Hapbee delivered a truly transformational quarter, and we are incredibly proud of the ...
