(via TheNewswire)
For the quarter ended
The Company is encouraged by the initial reception of its launch and is looking forward to the coming quarters. BEACN expects it will be able to improve the gross profit percentage as it refines the logistics related to product manufacturing and sales in the coming months. Preceding the product launch and during the initial days of product sales BEACN experienced higher levels of shipping costs, including air freight, than are anticipated in the next few quarters.
BEACN looks forward to the excitement and challenges of continued sales during the rest of this fiscal year.
About BEACN
BEACN is a leading disruptor and audio innovator in the content creation and gaming industry. Our talented team creates from-the-ground-up technology and software solutions that help gamers, livestreamers, podcasters, and content creators produce studio-quality content to share with anyone, anywhere.
BEACN is creating an ecosystem of content creator peripherals with BEACN Mic, the world’s most advanced USB-C microphone, BEACN Mix, an intuitive audio controller, and BEACN Mix Create, an inventive mixer for content creators.
BEACN is listed on the
For further information, contact:
Tel: (604) 687-3520
To learn more visit:www.ir.BEACN.com
Neither the
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future plans, objectives, timing, assumptions or expectations of future performance, including without limitation,BEACN’s belief sales will continue at a similar pace in the coming quarters, and BEACN’s expectation that it will be able to improve the gross profit percentage as it refines the logistics related to product manufacturing and sales in the coming months are forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”.
Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including the Company’s ability to maintain manufacturing volume for its products and its ability to sustain sales of products to customers, that general economicand market conditions will not change in an adverse manner, political and regulatory stability, stability in financial and capital markets and that the Company’s operations will not be adversely impacted by COVID-19.
These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation (a) supply chain disruption that may lead to a shortage of inventory for sale; (b) economic or other factors beyond the control of the Company that may influence the purchasing behavior of customers; (c) public health crises such as the COVID-19 pandemic may adversely impact the Company’s business and operations; (d) the volatility of global capital markets; (e) unanticipated costs; and (f) risks relating to the extent and duration of the conflict in eastern
Copyright (c) 2022 TheNewswire - All rights reserved.
Copyright (c) 2022 TheNewswire - All rights reserved., source