Hapbee Issues Clarification of June 24, 2025 Press Release on Q1 2025 Financial Results

VANCOUVER, British Columbia, June 25, 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, announces this clarification of its earlier press release dated June 24, 2025. This clarification is being issued at the request of the Canadian Investment Regulatory Organization (CIRO).

Building on the momentum of Q4 2024, Hapbee entered 2025 with continued growth in sales - delivering meaningful growth in sales, notable 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, improved efficiencies and user-centric product innovation. 

Q1 2025 Highlights

Device Sales Growth: Unit sales more than tripled year-over-year in Q1 (from 338 to 1,404) and nearly 50% over Q4 2024 (from 941 to 1,404). This followed a 198% increase in device sales Q4 2024 over Q3 2024 reflecting strong consumer demand and effective activation strategies across digital and retail channels.

Operational Restructuring: A company-wide cost optimization program resulted in a meaningful reduction in operating expenses of 62% as compared to Q4 2024 (from $1.6M to $584K) 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. 

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 Program Update: Human performance expert Gary Brecka engaged the wellness community, complementing existing brand advocates such as ...