Minim Inc Stock Price, News & Analysis

Minim, Inc. (NASDAQ: MINM) has launched the Motorola Q11, its first AX3000 WiFi 6 mesh system, designed to enhance wireless performance with speeds up to 3 Gbps. This system supports more than 100 devices, making it suitable for high-demand activities like remote work and gaming. Available for $189.99 (1-pack) and $448.99 (3-pack), the Q11 features dual 1 Gbps Ethernet LAN ports, and comes with the moto sync app for user-friendly network management. Key features include cloud-driven security and a sleek design, catering to the growing demand for smart home connectivity.

Minim, Inc. (NASDAQ: MINM) has announced the promotions of Cristina Martinho to VP, Marketing and Jeff Rodning to VP, Retail Sales. Martinho, previously VP of Performance Marketing, will now oversee all public relations and digital sales. She has a strong track record, including a 46% increase in Amazon sales. Rodning, who has over 30 years of retail experience, will enhance sales strategy and new channel development. Both promotions aim to leverage their expertise to drive company growth and expand market outreach.

Minim, Inc. (NASDAQ: MINM) announces the resignation of Nicole Hayward Zheng as President and Chief Marketing Officer, effective August 26, 2022, to pursue a new role elsewhere. Her departure is amicable, with no disputes reported. CEO Gray Chynoweth praised Zheng's contributions to the company, emphasizing her role in building a strong leadership team. The company will not be replacing her position, reflecting confidence in its current leadership strength. Zheng remains invested in Minim's future success as a shareholder.

Minim, Inc. (NASDAQ: MINM) announces significant discounts of up to 30% on Motorola cable modems and WiFi 6 products during Amazon's Prime Day event, scheduled for July 12-13, 2022. The promotions aim to enhance home network performance while addressing current economic pressures on consumers. This sales event marks a critical opportunity for Minim to connect with customers and showcase their latest offerings. The product range includes modems, routers, and mesh systems available at discounted prices, with additional bundles designed to maximize savings for shoppers.

Minim (NASDAQ: MINM) is excited to announce its retail shelf expansion of intelligent home networking products at Target stores across the U.S. This initiative includes the Motorola MT8733, a high-performance DOCSIS 3.1 modem/WiFi 6 router, and other top-tier Motorola devices. Available now for $409.99, these products enhance consumer's home network security and performance. Recent research indicates 36% of consumers prefer purchasing smart home devices in-store, highlighting the significance of this expansion in meeting market demand.

Minim, Inc. (NASDAQ: MINM) has expanded its retail presence by launching the Motorola MT8733 DOCSIS 3.1 Modem/Router at Best Buy locations nationwide. This product allows Xfinity customers to save on modem rental fees and improve their network performance with its built-in AX6000 router and motosync app. Priced at $409.99, it offers features like DOCSIS 3.1 support, multiple Ethernet ports, and two phone lines. With Wi-Fi 6 adoption soaring, the launch aims to meet the growing demand for high-speed networking devices.

Minim, Inc. (NASDAQ: MINM) has appointed Paul Walsh as an advisor to its Board of Directors, effective immediately. Walsh, a seasoned financial leader, previously served as CFO at Allegro Microsystems Inc., where he led a successful IPO. His extensive experience in finance and operations within technology sectors positions him to assist Minim in navigating its growth trajectory, which includes a recent uplisting to the Nasdaq and significant revenue growth. CEO Gray Chynoweth expressed enthusiasm for Walsh's addition to the team.

Minim, Inc. (NASDAQ: MINM) has announced a virtual investor day on June 9, 2022, at 10:00 am Eastern Time, along with an in-person cocktail reception at 5:30 pm in New York City. CEO Gray Chynoweth highlighted the opportunity for investors to learn about Minim's offerings and operational plans. The event features speakers from Minim's leadership team, including CFO Mehul Patel and President & CMO Nicole Zheng. Registration is required for both events, and details are available on Minim's investor relations website.

Minim, Inc. (NASDAQ: MINM) reported Q1 2022 earnings with net revenue of $13.3 million, a 27% increase quarter-over-quarter, despite an 11% decline year-over-year. The company's net loss improved to ($2.5) million from ($3.2) million in the previous quarter. Market share rose to 40% on Amazon and 8% on Walmart.com for cable modems and gateways. As of March 31, 2022, cash reserves totaled $10.5 million. Minim anticipates exceeding 100,000 Intelligent Networks by mid-year and is navigating supply chain challenges while focusing on advanced connectivity solutions.