BECN - BEACN Announces Results for the quarter ended June 30 2023
(TheNewswire)
Vancouver, BC – TheNewswire - August 31, 202 3 -BEACN Wizardry & Magic Inc. (“BEACN” or the “Company”)(TSXV:BECN) announces for the six months endedJune 30, 2023, the Company achieved sales revenue of $1,095,024 (2022- $2,807,906) gross profit of $476,901 (44%) (2022 - $1,183,467 (42%)and a net loss of $1,086,760 (2022 – net income of $442,240).Further information is available from the Company’s interimfinancial statements for the period ended June 30, 2023 availableunder the Company’s profile on SEDAR at www.sedar.com.
Throughout the remainder of 2023 and into 2024 BEACN iscontinuing to implement it’s B2B retail strategy while alsoexpanding the reach and availability of our e-commerce platforms tomore countries. With more routes to market, continued investment inproduct development, and near-term product launches, BEACN anticipatesstronger quarterly earnings to close 2023.
About BEACN Wizardry & MagicInc.
BEACN (TSX-V: BECN), a Victoria BC based consumerelectronics company, develops innovative audio equipment, peripheralsand technology for gamers, live streamers, and content creators. BEACNis committ ed todelivering premium products that enable everyone to producestudio-quality content. BEACN's award-winning product ecosystemincludes BEACN Mic, BEACN Mix and BEACN Mix Create. BEACN is listed onthe TSXV under the symbol BECN.
For further information, please contact:
BEACN Wizardry & MagicInc.
Daniel Davies: ir@beacn.com or 778-561-1450
To learn more visit: www.ir.BEACN.com
Reader Advisory
Certain information set forth inthis news release contains forward-looking statements or information(" forward-looking ?statements "), including details about the proposed Offering and theCompany’s proposed use of proceeds from the Offering. By theirnature, forward-looking statements are subject to numerous risks?and uncertainties, some of which are beyond the Corporation'scontrol, including risks associated with the inability to complete theOffering, timing of receipt of regulatory approval, change in marketconditions, evolving global supply chain issues, evolving economic andpolitical issues, and demand for BEACN products.
Although the ?Company believesthat the expectations in its forward-looking statements arereasonable, its forward-looking statements have ?been based onfactors and assumptions concerning future events which may prove to beinaccurate. Those factors and ?assumptions are based upon currentlyavailable information. Such statements are subject to known andunknown risks, ?uncertainties and other factors that could influenceactual results or events and cause actual results or events to differmaterially ?from those stated, anticipated, or implied in theforward-looking statements. Accordingly, readers are cautioned not toplace undue reliance on the forward-looking statements, as noassurance can be provided as to future results, levels of activity orachievements. ? Furthermore, the forward-looking statementscontained in this document are made as of ?the date of this documentand, except as required by applicable law, the Company does notundertake any obligation to publicly ?update or to revise any of theincluded forward-looking statements, whether as a result of newinformation, future events or ?otherwise. The forward-lookingstatements contained in this document are expressly qualified by thiscautionary statement.?
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
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