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The latest announcement is out from BEACN Wizardry & Magic Inc ( (TSE:BECN) ).
BEACN Wizardry & Magic Inc. announced a 16% decrease in revenue and a 17% decrease in gross profits for the first nine months of 2025 compared to the previous year, with a maintained gross margin of 42%. The company attributes the decline in sales and profits to the absence of new product in-sell and increased USD retail prices due to US tariffs. Additionally, BEACN appointed Kevin Alexander as the new CEO, with co-founder Craig Fraser transitioning to Chief Product Officer. This leadership change aims to focus on product development and growth strategies, with both leaders continuing as board members.
More about BEACN Wizardry & Magic Inc
BEACN Wizardry & Magic Inc., based in Victoria, BC, is a consumer electronics company specializing in innovative audio equipment and technology for gamers, live streamers, and content creators. The company is dedicated to delivering premium products that enable studio-quality content production and is listed on the TSXV under the symbol BEACN.
Average Trading Volume: 30,158
Technical Sentiment Signal: Sell
Current Market Cap: C$2.27M
For detailed information about BECN stock, go to TipRanks’ Stock Analysis page.