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Hapbee Provides Update on Product Subscription Growth
Hapbee Provides Update on Product Subscription Growth Canada NewsWire ...
About this update from Hapbee Technologies, Inc.
[{"type":"text","content":"\n \n \n \n Hapbee Provides Update on Product Subscription Growth\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTRÉAL\n \n ,\n \n \n May 12, 2022\n \n \n /CNW Telbec/ - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) (\"Hapbee\" or the \"Company\"), a leading provider of wellness wearables and biostreaming technology, is pleased to provide the following update on its Hapbee Neckband subscription growth.\n \n \n \n \n \n \n \n \n \n \n \n Key Highlights\n \n \n \n \n \n Hapbee shipped 1,253 units during Q1 2022, an increase of 60% over Q1 2021\n \n \n Hapbee registered 2,941 subscribers at end of Q1 2022, an increase of 246% over Q1 2021\n \n \n Paid subscriber retention after six months increased from 22% in\n \n September 2021\n \n to 65% in\n \n March 2022\n \n , driven by significant improvements to customers' in-app experience, expansion of blends, and investment in an automated back-end billing system\n \n \n Over 220,000 hours of Blend playtime in Q1 2022 was consumed by Hapbee subscribers, an increase of 350% over Q1 2021, demonstrating improved engagement in the digital wellness platform. The number of blends played per user per month increased by 100% from 15 in Q1 2021 to 31 in Q1 2022\n \n \n 6.1 different blends during the month of March were consumed by Hapbee subscribers, as compared to 3.5 in\n \n August 2021\n \n prior to the launch of Lifestyle Blends. This indicates stronger engagement and utility on Hapbee's platform\n \n \n \n The Company is also pleased to report that roughly 60% of Hapbee users played the Deep Sleep Blend in\n \n March 2022\n \n , highlighting one of Hapbee's top use cases: Sleep. Refer to Hapbee's top five blends ranked by percentage of users in\n \n March 2022\n \n below:\n \n \n \n Deep Sleep - 59%\n \n \n Bedtime - 46%\n \n \n Wake Up - 38%\n \n \n Master Your Attention - 32%\n \n \n Morning Coffee - 32%\n \n \n \n As part of its comprehensive growth strategy, Hapbee is focused on scaling cost-effective product sales and customer acquisition through ongoing ...