New Risk • Apr 26
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$26k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$26k). Earnings have declined by 0.2% per year over the past 5 years. Market cap is less than US$10m (CA$1.49m market cap, or US$1.09m). Minor Risk Revenue is less than US$5m (CA$2.7m revenue, or US$2.0m). Board Change • Apr 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Scott Christopher was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Scott Christopher was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Scott Christopher was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Scott Christopher was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 23
Beacn Wizardry and Magic Inc. announced that it expects to receive CAD 0.7 million in funding Beacn Wizardry and Magic Inc. announced a non-brokered private placement of up to 6,086,957 common shares at a price of CAD 0.115 per share for gross proceeds of up to CAD 700,000.055 on November 21, 2025. The closing of the offering is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange. The company may close the offering in more than one tranche. Reported Earnings • Nov 21
Third quarter 2025 earnings released: CA$0.008 loss per share (vs CA$0.007 loss in 3Q 2024) Third quarter 2025 results: CA$0.008 loss per share (further deteriorated from CA$0.007 loss in 3Q 2024). Revenue: CA$535.9k (down 25% from 3Q 2024). Net loss: CA$451.9k (loss widened 21% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Announcement • Aug 23
Beacn Wizardry and Magic Inc. Announces Chief Financial Officer Changes, Effective September 1, 2025 Beacn Wizardry and Magic Inc. announced the appointment of Derek Sobel as Chief Financial Officer (CFO) effective September 1, 2025. Derek Sobel joins the company as CFO, bringing over a year of experience overseeing BEACN's accounting responsibilities with BEACN's corporate accountants at Catapult. The change comes with the resignation of Daniel Davies as Interim CFO, and other officer duties. Both changes are effective September 1, 2025. Daniel Davies, continues his role as Board Member of the company. Reported Earnings • Aug 22
Second quarter 2025 earnings released: CA$0.008 loss per share (vs CA$0.011 loss in 2Q 2024) Second quarter 2025 results: CA$0.008 loss per share (improved from CA$0.011 loss in 2Q 2024). Revenue: CA$584.8k (up 5.1% from 2Q 2024). Net loss: CA$458.1k (loss narrowed 21% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Aug 04
Beacn Wizardry and Magic Inc., Annual General Meeting, Oct 01, 2025 Beacn Wizardry and Magic Inc., Annual General Meeting, Oct 01, 2025. Location: british columbia, victoria Canada Board Change • Jul 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Scott Christopher was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Scott Christopher was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Scott Christopher was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 30
Third quarter 2024 earnings released: CA$0.007 loss per share (vs CA$0.014 loss in 3Q 2023) Third quarter 2024 results: CA$0.007 loss per share (improved from CA$0.014 loss in 3Q 2023). Revenue: CA$709.4k (down 20% from 3Q 2023). Net loss: CA$372.8k (loss narrowed 40% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Announcement • Aug 29
Beacn Wizardry and Magic Inc. announced that it has received CAD 0.670304 million in funding On August 28, 2024, Beacn Wizardry and Magic Inc. announced that it has closed non-brokered private placement transaction. The company has issued second and final tranche of 833,332 common shares at an issue price of CAD 0.18 per share for additional proceeds of CAD150,000. In aggregate under the offering, the company issued 3,723,911 shares at a price of CAD 0.18 per share for aggregate gross proceeds of CAD 670,304.04. The company also entered and closed a convertible loan agreement with certain lenders for an aggregate principal amount of CAD 786,510 at a rate of 13.5 per cent per annum in cash and matures on February 27, 2026. From and after the date of issue and until the maturity date, the lenders may elect to convert the amount of the loan then outstanding into common shares of the company at a conversion price of CAD 0.18 per share, in accordance with the terms of the convertible loan agreement. Reported Earnings • Aug 26
Second quarter 2024 earnings released: CA$0.011 loss per share (vs CA$0.013 loss in 2Q 2023) Second quarter 2024 results: CA$0.011 loss per share. Revenue: CA$556.5k (up 12% from 2Q 2023). Net loss: CA$580.9k (loss widened 4.4% from 2Q 2023). Announcement • Aug 14
Sarah Weber Ends Her Tenure as Director At Beacn Wizardry and Magic Inc Beacn Wizardry and Magic Inc. announced that Sarah Weber ends her tenure as director at BEACN, having offered her support during the transition. Announcement • Jun 19
Beacn Wizardry and Magic Inc. announced that it expects to receive CAD 1 million in funding Beacn Wizardry and Magic Inc. announced a non-brokered private placement of up to 5,555,556 common shares at a price of CAD 0.18 per common share for gross proceeds of up to CAD 1,000,000.08 on June 18, 2024. The closing of the offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. Finder’s fees of up to 7% in cash and 7% in warrants will be paid to eligible parties at the discretion of the Company. Each finder’s warrant will entitle the holder to purchase one additional share for a period of two years from the closing of the offering for CAD 0.18. All of the securities issued with respect to the offering will be subject to a hold period of four months and one day in accordance with applicable securities laws. The company may close the offering in more than one tranche. Board Change • Jun 11
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Interim CFO, President, CTO & Director Daniel Davies is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 06
Beacn Wizardry and Magic Inc., Annual General Meeting, Aug 06, 2024 Beacn Wizardry and Magic Inc., Annual General Meeting, Aug 06, 2024. Location: british columbia, victoria Canada Reported Earnings • May 29
Full year 2023 earnings released: CA$0.045 loss per share (vs CA$0.01 loss in FY 2022) Full year 2023 results: CA$0.045 loss per share (further deteriorated from CA$0.01 loss in FY 2022). Revenue: CA$2.93m (down 32% from FY 2022). Net loss: CA$2.28m (loss widened 406% from FY 2022). Reported Earnings • Nov 25
Third quarter 2023 earnings released: CA$0.014 loss per share (vs CA$0.005 loss in 3Q 2022) Third quarter 2023 results: CA$0.014 loss per share (further deteriorated from CA$0.005 loss in 3Q 2022). Revenue: CA$886.8k (up 22% from 3Q 2022). Net loss: CA$622.1k (loss widened 208% from 3Q 2022). Announcement • Oct 21
BEACN Wizardry & Magic Inc. Debuts Its New Low-Profile Desktop Microphone Accessory, BEACN Mic Stand, At TwitchCon 2023 BEACN Wizardry & Magic Inc. debut its new low-profile desktop microphone accessory, BEACN Mic Stand, at TwitchCon 2023. The accessory to BEACN Mic and any desktop microphone is on-hand for content creators to check out at Booth SW-23 until October 22nd at Las Vegas Convention Center - West Hall. BEACN Mic Stand offers a high-quality microphone mounting solution to BEACN customers as well as desktop microphone users worldwide. The low-profile mic stand fits in visually and with practical comfort for the modern streaming, gaming, podcasting and work-from-home environments where computer monitors and other equipment can pose positioning challenges. The stand is available in both light and dark versions that match BEACN Mic, Mix and Mix Create colouring. The design and test process for BEACN Mic Stand focused on critical components that affect the ease-of-use and complement visual design for content creators. BEACN Mic Stand includes a custom ball mount, 360-degree swivel, detachable riser and cable management channels. In addition to showcasing BEACN Mic Stand at TwitchCon, the BEACN team is also demonstrating Mac compatibility for its products with the public beta of its macOS version of BEACN software. Announcement • Oct 05
Beacn Wizardry and Magic Inc. announced that it has received CAD 0.89 million in funding On October 3, 2023, Beacn Wizardry and Magic Inc. closed the transaction. The company amended the terms of the transaction and it issued 500,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 100,000 in its final tranche for the total gross proceeds of CAD 890,000 from the two tranches. New Risk • Sep 05
New major risk - Revenue and earnings growth Revenue has declined by 7.0% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 7.0% over the past year. Market cap is less than US$10m (CA$10.2m market cap, or US$7.48m). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (CA$2.6m revenue, or US$1.9m). Announcement • Jul 06
Beacn Wizardry and Magic Inc. announced that it expects to receive CAD 1 million in funding Beacn Wizardry and Magic Inc. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 1 million on July 4, 2023. Each unit will comprise one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share for a period of three years from the closing of the offering for CAD 0.45. At the option of the investor and with the approval of the company, the share may be designated an eligible business corporation share (an EBC share) and if so designated the investor will be eligible for a 30-per-cent tax credit. If elected, there will be restrictions on the sale of the EBC shares for a period of five years. The warrant will not be EBC eligible. Directors and officers of the company and shareholders owning more than 10 per cent of the company's common shares may participate in the offering for a yet-to-be-determined amount. The closing of the offering is expected to occur in mid-July, 2023, and is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange. Finder's fees of up to 7% in cash and 7% in warrants will be paid to eligible parties at the discretion of the company. Each finder's warrant will entitle the holder to purchase one additional share for a period of two years from the closing of the offering for CAD 0.20. Except for EBC shares, all of the securities issued with respect to the offering will be subject to a hold period of four months and one day in accordance with applicable securities laws. EBC shares will be subject to a hold period of four months and one day in accordance with applicable securities laws and in addition will be subject to restrictions on sale for a period of five years. The company may close the offering in more than one tranche. Announcement • May 11
BEACN Wizardry & Magic Inc. Announces Executive Changes BEACN Wizardry & Magic Inc. announced the resignation of Robert Doyle, Chief Financial Officer, effective immediately. The company also announced the appointment of Daniel Davies as the Interim Chief Financial Officer, effective immediately. Daniel, as co-founder, President and CTO of BEACN has comprehensive knowledge of the company and its operations and has a strong commitment to the continued success of BEACN during the transition period. Announcement • May 06
Beacn Wizardry and Magic Inc., Annual General Meeting, Jul 05, 2023 Beacn Wizardry and Magic Inc., Annual General Meeting, Jul 05, 2023. Board Change • Mar 10
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). CEO & Director Craig Fraser is the most experienced director on the board, commencing their role in 2021. Independent Director Mark Brown was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Dec 01
Beacn Wizardry and Magic Inc. announced that it has received CAD 1.4 million in funding On November 29, 2022,Beacn Wizardry and Magic Inc. closed the transaction. Finders' fees of 7 per cent in cash, totaling CAD 47,875, and 7 per cent in warrants, totaling 191,100 finders' warrants, were paid to eligible parties. Each finder's warrant will entitle the holder to purchase one additional share for a period of two years from the closing of the offering for 25 cents. All securities are subject to a four-month hold period expiring on March 30, 2023. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 57 placees, gggregate existing insider involvement: four placees for1.26 million shares and aggregate pro group involvement:- six placees,for 420,000 shares. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Mark Brown was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
Beacn Wizardry and Magic Inc. announced that it expects to receive CAD 1 million in funding Beacn Wizardry and Magic Inc. announced a non-brokered private placement of up to 4 million units of the company at a price of CAD 0.25 per unit for gross proceeds of up to CAD 1 million on November 8, 2022. Each unit will be comprised of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share for a period of 3 years from the closing of the transaction for CAD 0.45. The closing of the transaction is expected to occur in mid-November 2022 and is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. Finder's fees of up to 7% in cash and 7% in warrants will be paid to eligible parties at the discretion of the company. Each finder's warrant will entitle the holder to purchase one additional share for a period of two years from the closing of the transaction for CAD 0.25. All of the securities issued with respect to the transaction will be subject to a hold period of four months and one day. Board Change • Aug 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Mark Brown was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Mark Brown was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Mark Brown was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 27
Beacn Wizardry & Magic Inc. Commences Initial Worldwide Product Sales BEACN Wizardry and Magic Inc. has been working tirelessly over the past 20 months to bring BEACN Mic, BEACN Mix, and BEACN Mix Create to market. BEACN Mic is the world’s most advanced USB-C microphone. While many traditional microphone setups require hundreds of dollars in hardware and software plugins, BEACN Mic condenses them all into one sleek package. BEACN Mic also comes with BEACN Mixing Suite so have full control over audio levels for yourself and audience. BEACN Mix is an audio controller for Windows. 