Minim Inc Stock Price, News & Analysis

Minim, Inc. (NASDAQ: MINM) announces the expansion of its e-commerce partnerships by adding Motorola home networking products to Lenovo.com. This collaboration allows Lenovo to offer its customers high-performance Motorola devices alongside their PCs. Key products feature advanced technologies like DOCSIS 3.1 and WiFi 6, enabling significant cost savings and enhanced connectivity for users. The Motorola MB8611 Cable Modem, for instance, can save customers up to $168.00 annually on ISP rental fees. The products will be available for purchase on Lenovo.com in the coming weeks.

Minim, Inc. (NASDAQ: MINM), a leader in intelligent networking products, is offering significant discounts on its home networking devices during the Amazon Prime Early Access sale from October 11-12. Discounts of up to 40% off on products like the Motorola Q14 WiFi 6E Mesh System, which supports up to 5.4Gbps speeds, and the Motorola MB8600 DOCSIS 3.1 modem are included. These promotions aim to enhance home connectivity, especially ahead of the holiday season, leveraging the popularity of Motorola’s products on Amazon.

Minim, Inc. (NASDAQ: MINM) has expanded its e-commerce presence by launching the Motorola MH7602 WiFi 6 Mesh System on Target.com, marking a significant addition to its portfolio. The launch, announced on October 4, 2022, allows Target customers with Gigabit speed internet to enhance their home networks. The MH7602 is priced at $189.99 and supports up to 200 devices with speeds of AX1800 and advanced features through the motosync app. This move aims to meet rising consumer demand for smart home networking solutions, leveraging Target's reach as the fifth largest e-commerce platform in the U.S.

Pontera has appointed Nicole Zheng as its first Chief Marketing Officer (CMO), bringing over a decade of marketing leadership experience. Previously, Zheng was CMO at Minim, where she helped grow revenue from $0 to $55 million. Her role at Pontera involves developing go-to-market strategies and enhancing the customer experience following a recent $80 million capital infusion. Zheng aims to expand Pontera's footprint in managing retirement accounts, highlighting that professionally-managed accounts could grow 75% more over a lifetime.

Minim, Inc. (NASDAQ: MINM) has announced a significant achievement as its motosync app reaches over 100,000 active Minim Intelligent Networks (MINs). This milestone follows the introduction of freemium access for Motorola modem customers and software enhancements, marking a key step in Minim's software-first strategy. The app's updates include personalized WiFi optimization and advanced WPA3 encryption, aimed at bolstering user experience and network security. CEO Mehul Patel commended the team's efforts in achieving this goal ahead of schedule, citing the app's intuitive interface as a key factor in user engagement.

Minim, Inc. (Nasdaq: MINM) reported its Q2 2022 financial results, showing net revenue of $12.9 million, a decline of 3.0% sequentially. The company experienced a net loss of $4.4 million, compared to $2.5 million in Q1 2022. Gross margin decreased to 19.7% from 31.5% in the previous quarter. Despite these challenges, deferred revenue rose by 32%, and product launches, including Q11 and Q14 mesh products, expanded the portfolio. The company retains its #1 market share for cable modems on Amazon.

Minim, Inc. (NASDAQ: MINM) has announced a leadership change, appointing Mehul Patel as CEO, succeeding Gray Chynoweth, who is transitioning to serve in the U.S. Navy Reserve. Patel, who previously served as CFO, joins the Board of Directors. His leadership is expected to drive innovation in software-led products and strategic cost management. Dustin Tacker has been named CFO, while John Lauten has stepped down as COO, with responsibilities temporarily handled by the C-suite. The changes aim to ensure continuity and enhance Minim's business operations.

Minim, Inc. (NASDAQ: MINM) has launched the Motorola Q14, its first WiFi 6E mesh system, boasting speeds up to 5.4 Gbps and access to a new 6 GHz band. This advanced mesh system includes the motosync app for easy setup and cybersecurity features, available in 2-pack and 3-pack configurations covering up to 5,000 square feet. Priced at $429.99 for the 2-pack and $649.99 for the 3-pack, it will be sold on major retail platforms including MotorolaNetwork.com and Amazon. The product aims to enhance user connectivity and reflects Minim’s commitment to intelligent networking solutions.