Business
BEACN Announces Financial Results for Year Ended December 31, 2025
Not for distribution to United States Newswire Services or for dissemination in the United States...
About this update from Beacn Wizardry & Magic Inc
[{"type":"text","content":"BEACN Announces Financial Results for Year Ended December 31, 2025Not for distribution to United States Newswire Services or for dissemination in the United States VICTORIA, BC / ACCESS Newswire / April 24, 2026 / BEACN Wizardry & Magic Inc. (TSXV:BECN) (\"BEACN\" or the \"Company\") announces its annual financial statements and accompanying MD&A for the fiscal year ended December 31, 2025 (the \"Annual Financial Documents\") have been filed. In 2025, BEACN realized a 21% decrease in revenue and a 30% decrease in gross profits when compared to the prior year. Gross margin was 35% in the year ended December 31, 2025 (2024 - 40%).The decrease in revenue and gross margin compared to prior year was primarily due to depleted inventory of key product, and reduced demand from increased retail prices - both driven by the impact of US Tariffs. The decrease in gross margin was further affected by an increase in Amazon's share of D2C sales.Further information is available from the Company's financial statements for the year ended December 31, 2025, available under the Company's profile on SEDAR at www.sedar.com.\"The company has weathered industry wide negative trends that continue to impact all aspects of our business including supply, pricing and product development. Small team agility is helping the company navigate a strong path forward, the announcement of BEACN Headset is a big part of that path.\", says BEACN CEO, Kevin Alexander.BEACN continues to invest in product development. In April 2026, BEACN announced their newest product, BEACN Headset. BEACN Headset incorporates Broadcast Voice DSP, the Company's proprietary onboard digital signal processing, enabling real-time microphone processing directly on the device. The product is expected to ship in Q2, 2026.About BEACNBEACN (TSX-V:BECN), a Victoria BC based consumer electronics company, develops innovative audio equipment, peripherals and technology for gamers, live streamers, and content creators. BEACN is committed to delivering premium products that enable everyone to produce studio-quality content. BEACN's award-winning product ecosystem includes BEACN Mic, BEACN Studio, BEACN Mix and BEACN Mix Create. BEACN is listed on the TSXV under the symbol BECN.Media & Investor EnquiriesLiberty [email protected]+1 (778) 561-1450Cautionary Note Regarding Forward-Looking Info...