BEACN Reports 2025 Q1 Financial Results

BEACN Wizardry & Magic Inc. (TSX-V:BECN) announced its financial results for the first quarter ending March 31, 2025. The company reported sales revenue of $793,954, a decline from the $1,002,415 recorded in Q1 2024. Despite the decrease in revenue, the gross profit margin improved to 43% from 40%, aided by higher-margin products and price increases. However, BEACN experienced a net loss of $458,689 compared to a loss of $261,273 the previous year.

CEO Craig Fraser highlighted the growth in direct-to-consumer (D2C) sales, despite challenges in global financial markets and consumer confidence. The company expanded its distribution network to Australia through Innovate Music Australia and aims to boost international sales through strategic partnerships.