Hapbee Technologies (HAPB) AI Stock Analysis

• Market Cap: C$13.97M
• Dividend Yield: N/A
• Average Volume (3M): 56.45K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.41
• Revenue Growth: 127.18%
• EPS Growth: 66.57%
• Country: CA
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Consumer Electronics
• EPS (TTM): <0.01
• Shares Outstanding: 234,374,080
• 10 Day Avg. Volume: 42,064
• 30 Day Avg. Volume: 56,445
• PEG Ratio: -0.01
• Price to Book (P/B): -0.95
• Price to Sales (P/S): 6.39
• P/FCF Ratio: -0.91
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: C$0.05 ▼(-2.00% Downside)

The score is held down primarily by weak financial quality—ongoing losses, cash burn, and negative shareholder equity that increases dilution/refinancing risk. Technicals are mixed with neutral momentum but a weak longer-term trend, while valuation is difficult to support due to negative earnings and no dividend.

Positive Factors

Revenue Rebound

A 38.1% TTM revenue rebound signals improving demand and early product-market fit for the wearable platform. Sustained top-line growth helps spread fixed costs, supports customer acquisition investment, and creates a multi-month runway to pursue recurring revenue and scale operations.

Gross Margin Stability

Stable gross margins around 32% indicate reasonable unit economics for device sales plus digital content. Persistent gross margin support provides a structural cushion for marketing and R&D spend, enabling potential margin expansion as volumes rise and fixed costs are leveraged over time.

Recurring Revenue Opportunity

The hybrid model—device sales plus potential subscriptions and B2B distribution—offers a durable route to convert one-time buyers into recurring customers. If executed, this can create stickier cash flows, higher lifetime value, and more predictable revenues over a 2–6 month horizon and beyond.

Negative Factors

Negative Shareholder Equity

Persistent negative equity weakens the capital structure and reduces borrowing capacity, constraining strategic flexibility. Over the medium term this elevates refinancing and dilution risk, forcing prioritization between survival funding and investments needed to scale recurring revenue channels.

Ongoing Cash Burn

Continued negative operating and free cash flow means the business relies on external financing to fund operations and growth. This structural cash dependence increases execution risk, can dilute shareholders when capital is raised, and limits the company’s ability to sustain multi-month strategic investments independently.

Deep Net Losses

A -68.9% net margin and ~$1.16M loss indicate current scale doesn’t cover operating costs. Even with revenue gains, durable profitability requires consistent top-line growth and cost control; absent that, losses could persist and impede reinvestment and long-term margin improvement.

Hapbee Technologies Business Overview & Revenue Model

Company Description

Hapbee Technologies, Inc., a wearable magnetic field technology company, develops and sells wearable device products. It offers Hapbee wearable device product with patented ultra-low radio frequency energy technology that delivers low-power electromagnetic signals designed to produce sensations, such as happy, alert, focus, relax, calm, and deep sleep. The company was formerly known as Elevation Technologies, Inc. and changed its name to Hapbee Technologies, Inc. in May 2020. Hapbee Technologies, Inc. was incorporated in 2019 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Hapbee Technologies generates revenue primarily through the sale of its wearable devices and accompanying subscription services. The company sells its products directly to consumers via its website and through select retail partners. Additionally, Hapbee offers a subscription-based service that provides users access to a library of digital wellness signals, which can be downloaded and used with the device. This subscription model creates a recurring revenue stream for the company. Key revenue streams include direct product sales, subscription fees, and potential collaborations with other health and wellness brands to expand its market reach.

Hapbee Technologies Financial Statement Overview

Summary

Revenue rebounded strongly TTM (+38.1%) with gross margin holding near ~32%, but fundamentals remain weak: net margin is deeply negative (-68.9%), operating cash flow and free cash flow are negative, and the balance sheet is strained by persistent negative shareholder equity—elevating financing and dilution risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue rebounded sharply (+38.1%), and gross margin held steady around ~32%, showing the product can generate reasonable unit economics. However, profitability remains weak: net margin is deeply negative (-68.9%) with a net loss of about $1.16M, indicating the company is still not operating at sustainable scale. While losses are materially smaller than the 2024 annual loss, earnings consistency and durable profitability remain unproven.

Balance Sheet

The balance sheet is strained by negative shareholder equity in both TTM (Trailing-Twelve-Months) (~-$0.83M) and 2024 (~-$4.12M), which limits financial flexibility and raises refinancing/dilution risk. Total debt is modest in absolute terms in TTM (~$0.79M) versus 2024 (~$1.72M), but leverage measures are distorted by negative equity and still signal a weak capital structure. Total assets increased versus 2024, but the negative equity position remains the key overhang.

Cash Flow

Cash generation is a major weak point: TTM (Trailing-Twelve-Months) operating cash flow is negative (~-$0.74M) and free cash flow is also negative (~-$1.28M), meaning the business is still consuming cash to operate and invest. Cash burn improved dramatically versus 2024 (operating cash flow ~-$4.27M), but free cash flow declined versus the prior period (free cash flow growth -33.7%), pointing to ongoing funding needs and volatility in cash usage.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.68M	610.88K	951.66K	1.83M	1.74M	―
Gross Profit	535.94K	191.87K	399.54K	772.08K	490.46K	89.22K
EBITDA	339.58K	-4.80M	-3.14M	-6.56M	-6.54M	―
Net Income	-1.16M	-6.60M	-2.71M	-3.67M	-6.73M	―
Balance Sheet
Total Assets	4.21M	2.23M	2.31M	2.80M	6.29M	3.83M
Cash, Cash Equivalents and Short-Term Investments	259.79K	132.27K	212.65K	295.22K	3.63M	2.10M
Total Debt	792.62K	1.72M	1.63M	0.00	0.00	0.00
Total Liabilities	5.36M	6.35M	4.52M	2.78M	4.68M	2.48M
Stockholders Equity	-827.22K	-4.12M	-2.21M	20.02K	1.61M	1.36M
Cash Flow
Free Cash Flow	-1.28M	-4.27M	-2.13M	-5.15M	-5.07M	-1.50M
Operating Cash Flow	-741.38K	-4.27M	-2.13M	-5.15M	-5.07M	-1.30M
Investing Cash Flow	-636.97K	0.00	0.00	0.00	-20.00K	-621.98K
Financing Cash Flow	1.29M	4.21M	2.02M	1.85M	5.26M	3.17M

Hapbee Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HAPB, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.05, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.86 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HAPB.

Hapbee Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
HAPB	45 Neutral	C$13.97M	-4.50	―	―	127.18%	66.57%
IP	43 Neutral	C$4.46M	-1.23	―	―	-67.21%	―
NTAR	41 Neutral	C$35.46M	-7.17	―	―	-59.22%	83.08%
YNV	37 Underperform	C$19.67M	-2.78	-155.37%	―	-21.98%	-32.07%
NXO	22 Underperform	C$1.95M	-5.00	―	―	―	―

Hapbee Technologies Corporate Events

Hapbee Adds Marketing Strategist Bally Singh to Board to Drive Global Rebrand

Hapbee Technologies has appointed global marketing strategist Bally Singh to its board of directors as the company embarks on a major brand evolution designed to move beyond a niche tech audience and position itself as a mainstream lifestyle and wellness brand. Singh’s experience leading high-profile campaigns and technology-driven creative platforms is expected to drive Hapbee’s comprehensive rebranding and sharpen its strategy to capture a larger share of the rapidly expanding global wellness market, while the board also acknowledged the departure of director and corporate secretary Kenny Adessky.

The most recent analyst rating on (TSE:HAPB) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Hapbee Technologies stock, see the TSE:HAPB Stock Forecast page.

Hapbee Technologies Strengthens Board with Strategic Appointment

Hapbee Technologies has appointed Hasan Shahid to its Board of Directors, enhancing its strategic growth and capital markets capabilities. Shahid, with over 25 years of experience in technology and investments, is expected to play a pivotal role in Hapbee’s expansion and partnership strategies. His expertise in digital transformation and high-growth technology ventures aligns with Hapbee’s goals of scaling its platform and increasing institutional partnerships. The company also announced the departure of board member Rachid Lassal, expressing gratitude for his contributions.

Hapbee Technologies Achieves Record Profit in Q3 2025 Amid Strategic Growth

Hapbee Technologies reported a record net profit of USD $1.43 million in Q3 2025, marking its most profitable quarter yet, driven by a 188% growth in subscribers since Q1 and strategic investments in product development. The company has strengthened its financial position, improved gross margins, and is preparing for a major rebrand, while expanding its leadership team to enhance its focus on neuroscience, sleep, and fem-tech markets.