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Home Press Release Accesswire

BEACN Announces Financial Results for the Second Quarter of 2026

August 29, 2026
in Accesswire
Reading Time: 8 mins read
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Not fo dist ibutio to U ited States Newswi e Se vices o fo dissemi atio i the U ited States

VICTORIA, BC / ACCESS Newswi e / August 28, 2026 / BEACN Wiza d y & Magic I c. (TSXV:BECN) (“BEACN” o the “Compa y”) a ou ces its Q2 fi a cial stateme ts a d accompa yi g MD&A have bee filed. I the six mo ths e ded Ju e 30, 2026, BEACN ealized a 34% dec ease i eve ue a d a 28% dec ease i g oss p ofits whe compa ed to the same pe iod last yea . The dec ease i eve ue was due to lack of i ve to y supply a d EU sales. G oss ma gi i c eased to 44% i Q1 a d Q2 2026 (2025 – 41%) due to cha el mix a d p ice i c eases.

I Q2 2026, BEACN ealized a 29% dec ease i eve ue a d a 18% dec ease i g oss p ofits whe compa ed to Q2 2025. The stock out of top selli g p oduct was ot esolved u til Ap il. Recove y of eve ue was slow with Ap il eve ue 42% below 2025, whe eas May a d Ju e we e 20% below 2025.

I Q1 2026, BEACN sales sta ted st o g with 15% g oss p ofit g owth i Ja ua y. I mid-Feb ua y, BEACN’s top selli g p oduct stocked out due to a combi atio of i c eased dema d th ough e d of 2025 a d p oductio delays. Logistics a d VAT issues est icted BEACN’s ability to sell D2C i the Eu opea U io , which accou ted fo 10% of sales i Q2 2025.

“Recove i g f om i ve to y stock outs a d delays i b i gi g BEACN Headset to ma ket have bee challe gi g. Howeve , sales of BEACN Headset a e still expected i Q3 a d the fi st eviews have bee exceptio al,” says BEACN CEO, Kevi Alexa de .

BEACN a ou ced BEACN Headset i Ap il 2026. The p oduct ep ese ts a sig ifica t i c ease to BEACN’s p oduct po tfolio, b i gi g BEACN’s B oadcast Voice DSP mic opho e p ocessi g to a headset. The p oduct is expected to ship i Q3 2026.

Fu the i fo matio is available f om the Compa y’s fi a cial stateme ts fo the pe iod e di g o Ju e 30, 2026, o SEDAR at www.seda .com.

About BEACN

BEACN (TSXV:BECN), a Victo ia BC based co sume elect o ics compa y, develops i ovative audio equipme t, pe iphe als a d tech ology fo game s, live st eame s, a d co te t c eato s. BEACN is committed to delive i g p emium p oducts that e able eve yo e to p oduce studio-quality co te t. BEACN’s awa d-wi i g p oduct ecosystem i cludes BEACN Mic, BEACN Studio, BEACN Mix a d BEACN Mix C eate. BEACN is listed o the TSXV u de the symbol BECN.

Media & I vesto E qui ies

Libe ty B u et[email p otected]+1 (778) 561-1450

Cautio a y Note Rega di g Fo wa d-Looki g I fo matio

This p ess elease co tai s “fo wa d-looki g i fo matio ” a d “fo wa d-looki g stateme ts” withi the mea i g of applicable secu ities legislatio (collectively, “fo wa d-looki g stateme ts”). The fo wa d-looki g stateme ts he ei a e made as of the date of this p ess elease o ly, a d the Compa y does ot assume a y obligatio to update o evise them to eflect ew i fo matio , estimates o opi io s, futu e eve ts o esults o othe wise, except as equi ed by applicable law. Ofte , but ot always, fo wa d-looki g stateme ts ca be ide tified by the use of wo ds such as “pla s”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “fo ecasts”, “p edicts”, “p ojects”, “i te ds”, “ta gets”, “aims”, “a ticipates”, o “believes” o va iatio s (i cludi g egative va iatio s) of such wo ds a d ph ases o may be ide tified by stateme ts to the effect that ce tai actio s “may”, “could”, “should”, “would”, “might” o “will” be take , occu o be achieved. These fo wa d-looki g stateme ts i clude, amo g othe thi gs, stateme ts elati g to: (a) B2B Retail St ategy; (b) O li e, Di ect to Co sume Sales St ategy; (c) P oduct Desig & I t oductio ; a d (d) Qua te ly Ea i gs.

Such fo wa d-looki g stateme ts a e based o a umbe of assumptio s of ma ageme t, i cludi g, without limitatio : (a) Compa y’s cost a d timi g expectatio s a e accu ate; (b) Compa y will be successful i the deployme t of its esou ces a d pe so el; (c) Compa y’s ability to mai tai ma ufactu i g volume fo its p oducts a d its ability to sustai sales of p oducts to custome ; a d (d) ge e al eco omic a d ma ket co ditio s will ot cha ge i a adve se ma e ; political a d egulato y stability i cludi g i fi a cial a d capital ma kets.

Additio ally, fo wa d-looki g stateme ts i volve a va iety of k ow a d u k ow isks, u ce tai ties a d othe facto s which may cause the actual pla s, i te tio s, activities, esults, pe fo ma ce o achieveme ts of the Compa y to be mate ially diffe e t f om a y futu e pla s, i te tio s, activities, esults, pe fo ma ce o achieveme ts exp essed o implied by such fo wa d-looki g stateme ts. Such isks i clude, without limitatio : (a) isks that the supply chai dis uptio that may lead to a sho tage of i ve to y fo sale a d/o delay i t oductio of ew p oduct; (b) isks that eco omic o othe facto s beyo d the co t ol of the Compa y may i flue ce the pu chasi g behavio of custome s; (c) isks that the volatility of global capital ma kets may adve sely impact the Compa y’s busi ess a d ope atio s; a d (d) isks that the Compa y could face tech ology o softwa e dis uptio s.

The fo wa d-looki g stateme ts co tai ed i this p ess elease ep ese t ma ageme t’s best judgme t based o i fo matio cu e tly available. No fo wa d-looki g stateme t ca be gua a teed, a d actual futu e esults may va y mate ially. Acco di gly, eade s a e advised ot to place u due elia ce o fo wa d-looki g stateme ts. Neithe the Compa y o a y of its ep ese tatives make a y ep ese tatio o wa a ty, exp ess o implied, as to the accu acy, sufficie cy o complete ess of the i fo matio i this p ess elease. Neithe the Compa y o a y of its ep ese tatives shall have a y liability whatsoeve , u de co t act, to t, t ust o othe wise, to you o a y pe so esulti g f om the use of the i fo matio i this p ess elease by you o a y of you ep ese tatives o fo omissio s f om the i fo matio i this p ess elease. We seek safe ha bo .

Reade Adviso y

Neithe the TSX Ve tu e Excha ge o its Regulatio Se vices P ovide (as that te m is defi ed i the policies of the TSX Ve tu e Excha ge) accepts espo sibility fo the adequacy o accu acy of this elease.

SOURCE: BEACN Wiza d y & Magic I c.

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