BEACN Announces 2025 Q2 Results and New CFO

Executive Summary

• BEACN Wizardry & Magic Inc. released financial results for the six months ended June 30, 2025, reporting a net loss of $916,765 and sales revenue of $1,378,793.
• The company announced the appointment of Derek Sobel as Chief Financial Officer (CFO), effective September 1, 2025, replacing Interim CFO Daniel Davies.
• Management highlighted a 5% increase in sales and a 17% increase in gross profit in Q2 2025, driven by strong Direct-to-Consumer (D2C) sales.

Key Details

• Financial Performance (Six Months Ended June 30, 2025):
  • Sales Revenue: $1,378,793 (compared to $1,558,868 in 2024).
  • Gross Profit: $560,564 (41% margin) (compared to $590,800 or 38% margin in 2024).
  • Net Loss: $916,765 (compared to a loss of $842,133 in 2024).
• Quarter 2 2025 Highlights:
  • Sales increased by 5% year-over-year.
  • Gross profit increased by 17% year-over-year.
  • Growth attributed to strong D2C sales performance.
• Management Changes:
  • New Appointment: Derek Sobel appointed as CFO, effective September 1, 2025. Sobel brings over a year of experience overseeing BEACN's accounting responsibilities with the company's corporate accountants at Catapult.
  • Resignation: Daniel Davies resigned as Interim CFO and Chief Technology Officer (CTO), effective September 1, 2025.
  • Continuing Role: Daniel Davies will continue to serve as a Board Member of BEACN.
• Company Profile: BEACN is a Victoria, BC-based consumer electronics company developing audio equipment and technology for gamers, live streamers, and content creators.

Notable Quotes

• Craig Fraser, CEO and Co-founder: "Despite global economic headwinds, BEACN continues to see strong customer engagement and D2C sales growth, reinforcing its position as a leading innovator for content creators. As my co-founder Daniel Davies embarks on an exciting new career chapter, we celebrate his invaluable contributions and a look forward to his continued support as a member of the board."
• Daniel Davies, Co-founder and Board Member: "It has been a privilege to help build BEACN into the company it is today. As I step down from my roles as Chief Technology Officer and Interim Chief Financial Officer, I'm proud of what we've accomplished and confident in the team's ability to carry that momentum forward. I'm especially pleased to welcome our new CFO, Derek Sobel, whose expertise and focus are ideally suited for this next stage of BEACN's growth."
• Derek Sobel, New CFO: "I'm thrilled to be joining BEACN as CFO. BEACN is well positioned with a passionate, talented team and innovative product lineup. I'm looking forward to supporting the next phase of sustainable growth."