BEACN Reports Strong Sales Growth in Q1

BEACN Wizardry & Magic Inc (TSE:BECN) has released an update.

BEACN Wizardry & Magic Inc. has reported a significant 67% increase in net sales for Q1 2024, fueled by Direct-to-Consumer and Business-to-Business sales, including new partnerships with Gandalf Distribution AB and US retailer Sweetwater. Despite a notable rise in revenues to over $1 million, the company experienced a net loss, although it was an improvement from the previous year’s results. BEACN’s CEO expresses optimism for sustained growth and the introduction of new products throughout the year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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