BEACN Reports Q2 2025 Financial Results and Appoints New CFO

BEACN Wizardry & Magic Inc. disclosed its financial results for Q2 ending June 30, 2025, alongside announcing Derek Sobel as the new Chief Financial Officer, effective September 1st. The company achieved a sales revenue of $1,378,793 for the first half of 2025, with a gross profit margin improving from 38% to 41%. Despite a lower net loss of $916,765, the company demonstrated a 5% sales increase and a 17% rise in gross profit, attributed to strong direct-to-consumer (D2C) sales.

Derek Sobel, with his background at Catapult, succeeds Daniel Davies, who resigns as Interim CFO but remains on the board. CEO Craig Fraser remarks on BEACN's resilience amid global challenges, underscoring the company's innovation in audio equipment for creators.

This strategic leadership transition at BEACN aims to sustain its growth trajectory with a focus on innovative product offerings for content creators.