Minim Inc Stock Price, News & Analysis

Minim, Inc. (NASDAQ: MINM) will hold a conference call on May 11, 2022, at 8:30 a.m. ET to discuss its Q1 2022 results. Investors can dial in using toll-free number (866) 393-7958 or international number (706) 643-5255, with conference ID 6197831. Slides will be available five minutes prior to the call on the company's investor relations website. Minim, headquartered in Manchester, NH, specializes in intelligent networking products and holds the exclusive global license to manufacture Motorola-branded consumer networking products.

Minim, Inc. (NASDAQ: MINM) announced a strategic partnership with Summit Growth Partners, enhancing its presence in the DIY retail market. This collaboration aims to extend the reach of Motorola's intelligent networking products to home improvement retailers. Minim's offerings include the Motorola MT8733, MH7600 series, and MG8725 modem/router combos, designed to meet increasing consumer demand. The partnership is set to begin rollout in the coming months, following a previous collaboration with USI Sales in the office retail segment.

Minim, Inc. (NASDAQ: MINM) has partnered with USI Sales to expand its presence in major office retailers across the US and Canada. This strategic alliance aims to leverage USI's established relationships to place Motorola-branded networking products in stores like Office Depot, Staples, and Quill.com. With the rise of remote work, Minim anticipates increased demand for home office network upgrades. The partnership allows USI to offer popular Motorola products, including the MB8611 modem and MH7600 mesh WiFi system, enhancing customer access to advanced networking solutions.

Minim, Inc. (NASDAQ: MINM) announced its software roadmap and solidified its position as the top cable modem and gateway seller on Amazon since December 2021. The company reported a 16% revenue increase to $55.4 million for 2021, despite a 10% industry decline in modem sales. Gross margin improved to 31.6%, while net loss reduced to $3.6 million. Q4 2021 revenue fell by 24% to $10.5 million. The company’s leadership expanded with new hires, and a brighter outlook is anticipated as more devices support WiFi 6. A conference call is scheduled for March 31, 2022.

Minim (NASDAQ: MINM) will hold a conference call and live webcast on March 31, 2022, at 8:30 a.m. ET, to discuss its fourth quarter and annual results for the year ended December 31, 2021. Participants can join via toll-free and international dial-in numbers, providing Conference ID: 3847933. Slides will be accessible prior to the call on Minim’s investor relations website. Minim specializes in intelligent networking products and holds a global license for consumer networking products under the Motorola brand.

Minim (NASDAQ: MINM) has announced a rescheduling of its Virtual Investor Day to the second quarter of 2022, following the appointment of a new Chief Financial Officer. This change aims to enhance engagement during the event. Additionally, the company reported a return to pre-COVID revenue growth for FY21, with expectations of 10-16% increase. Notably, Q4 FY21 saw strong e-commerce performance, ranking Motorola as the top-selling cable modem and gateway brand on Amazon, despite declines in retail orders due to supply chain issues.

Minim, Inc. (NASDAQ: MINM) has appointed Mehul Patel as Chief Financial Officer, effective March 21, 2022. Patel has extensive experience in finance from companies like Verifone and Motorola. His focus will be on enhancing operational efficiency and supporting Minim's software-driven transformation in the home networking market. CEO Gray Chynoweth expressed confidence in Patel's ability to maximize business performance. Patel's background includes leading financial operations for significant revenues and navigating supply chain challenges during the pandemic.

Minim (NASDAQ: MINM) has announced a patent-pending method for registering and encrypting users' local area networks (LAN) on a blockchain ledger, enabling users to manage, share, and monetize their WiFi access.

This innovation aims to enhance user control over their data while ensuring network security against cyber threats. According to CTO Alec Rooney, the method capitalizes on the increasing value of consumer connection data, especially with upcoming high-bandwidth applications like the Metaverse.

Minim's user-friendly mobile app facilitates quick setup and ensures data security.

Gallium Semiconductor has appointed Daniel Artusi to its Advisory Board. With over 40 years in the semiconductor industry, Artusi's experience includes leadership roles at Motorola, Silicon Labs, and Conexant. His appointment is aimed at enhancing Gallium's strategic goals and expanding customer relationships. CEO Kin Tan expressed confidence that Artusi's expertise will significantly contribute to the company's growth in the 5G mobile communications market, aligning with Gallium's mission to commercialize Gallium Nitride (GaN) semiconductor solutions.