Multiple Insiders Buying Beacn Wizardry and Magic Stock Sends Positive Message to Shareholders

Multiple insiders at Beacn Wizardry and Magic Inc. have been buying shares over the last year, with the largest purchase being CA$212k worth of shares by Kenneth Hallat at CA$0.33 per share. This suggests confidence in the company's future and that insiders view the stock as good value. Insider ownership is also high, with insiders owning 54% of the company's shares.

Victoria, BC - Multiple insiders at BEACN Wizardry & Magic Inc. (TSX-V: BECN) have been actively buying shares over the last year, with the largest purchase being CA$212k worth of shares by Kenneth Hallat at CA$0.33 per share. This trend suggests a high degree of confidence among insiders in the company's future prospects and indicates that they view the stock as being undervalued. Insider ownership at BEACN is notably high, with insiders owning 54% of the company's shares [1].

BEACN recently announced its financial results for the fiscal year ended December 31, 2024. The company reported sales revenue of $3,466,706, up from $2,933,180 in the previous year, and gross profit of $1,376,066, representing a 40% margin. The company incurred a net loss of $1,351,109, but this represents an improvement from the previous year's net loss of $2,281,917. Revenue in the final quarter was up 26% compared to the same period in the previous year, driven by stronger performance through BEACN's Amazon sales channel during the holiday sales period and the introduction of BEACN Studio, a "2PC" dual-USB audio interface [1].

In addition to its financial performance, BEACN continues to invest in product development and plans to introduce new products in the near term. The company is also pleased with its continued growth into B2B sales and expects that an increased retailer base, its growing strategic distribution network, and the introduction of additional products will lead to increased sales and profitability in the future [1].

The insider buying trend at BEACN is notable, with a total of 11 insider buys and 9 insider sells over the past year. Richard Cooley, a Director at Diamond Hill Investment Group Inc., purchased 692 shares of BEACN on May 1, 2025, bringing his total ownership to 13,427 shares. This purchase follows a broader trend of insider buying within the company [2].

The insider ownership and buying trend at BEACN may be seen as a positive signal for investors, indicating confidence in the company's future growth and potential. However, investors should also consider the risks and uncertainties associated with BEACN's business, including supply chain disruptions, economic factors, and technology disruptions, as outlined in the company's press release [1].

References:
[1] https://www.gurufocus.com/news/2816753/beacn-announces-financial-results-for-year-ended-december-31-2024
[2] https://www.gurufocus.com/news/2826287/insider-buying-richard-cooley-acquires-shares-of-diamond-hill-investment-group-inc-dhil