Minim Inc Stock Price, News & Analysis

Minim, Inc. (NASDAQ: MINM) announces that three of its board directors, Jeremy Hitchcock, Liz Hitchcock, and Gray Chynoweth, will be honored at the New Hampshire 200 event tomorrow, December 9, 2021, recognizing influential business leaders in the state. The biennial selection process by New Hampshire Business Review involved extensive interviews, identifying leaders who drive innovation and economic vitality. The Hitchcocks and Chynoweth have previously contributed significantly to the local economy, with a history of successful ventures including Dyn, which was acquired by Oracle for over $600 million.

Minim, Inc. (NASDAQ: MINM) announced the granting of 188,274 restricted stock units (RSUs) to new employee Bill Wallace, effective December 1, 2021. This grant, approved by the Board of Directors and its Compensation Committee, serves as a material inducement to employment under Nasdaq Listing Rule 5635(c)(4). The RSUs will vest in three equal bi-monthly installments over five months, contingent upon Wallace's continued service with Minim. Minim specializes in intelligent networking products under the Motorola brand, enhancing the home WiFi experience for users.

Minim, Inc. (NASDAQ: MINM) announces the appointment of Bill Wallace as Vice President of Hardware Engineering and Lakshmi Kadiyala as Vice President of Software Engineering. Wallace, with over 30 years of experience from CommScope, and Kadiyala, with 19 years from Charles Schwab, join the team to drive profitability through innovative software-driven products. CEO Gray Chynoweth emphasizes the importance of top talent in a competitive market. The company aims for significant growth in 2022, focusing on research and development in intelligent networking products.

Minim, Inc. (NASDAQ: MINM) has launched MotorolaNetwork.com, an e-commerce platform for consumers and broadband service providers, featuring exclusive deals and product information. The company also introduced the Motorola AC2200 Smart Router priced at $99.99, designed for high-performance WiFi with robust coverage and connection management for up to 100 devices. The motosync app provides security features and parental controls. This initiative aims to strengthen customer relationships and drive sales growth in the competitive networking market.

Minim, Inc. (NASDAQ: MINM) has unveiled its new high-speed WiFi 6 modem/router series, including the Motorola MT8733 and MG8725 models, aimed at enhancing internet connectivity for gamers. The MT8733, specifically designed for Comcast Xfinity customers, offers multi-gigabit speeds and supports Xfinity Voice, while the MG8725 is recognized for its premium performance across multiple service providers. Both models feature advanced network management through the motoSync app and promise significant cost savings on modem rentals, potentially up to $168 annually.

Minim, Inc. (NASDAQ: MINM) is launching Lightning Deals on Amazon for its Motorola cable networking devices during the Black Friday and Cyber Monday promotional periods. The deals feature discounts of 20% or more on popular products, including the Motorola MG8702 modem/router, known for its high-speed connectivity of up to 3.2 Gbps. Analysts project a 25% year-over-year increase in consumer spending this holiday season, with tech gifts expected to be particularly popular as families upgrade home networks for work and entertainment.

Minim (NASDAQ: MINM) reported strong Q3 2021 results, achieving $15.0 million in net revenue, a 25% year-over-year increase, and $1.7 million in net income compared to a loss in Q3 2020. Despite a decline in gross margin to 29.9% due to increased component prices, the company launched new products like the Motorola MH7603 mesh system and the motosync app. They also joined the Telecom Infra Project and expanded into international markets. Cash reserves grew to $19.4 million following a secondary offering and trademark sale.

Minim, Inc. (NASDAQ: MINM) has launched the Motorola AX MH7600 mesh WiFi series, specifically designed for gamers, streamers, and remote workers, now available on Amazon. This product line, featuring support for WiFi 6, highlights a significant step in intelligent networking. Following Minim's merger with Zoom Connectivity, four new products have been released within a year, responding to a demand for reliable, high-speed internet. The MH7600 series offers speeds up to 1 Gigabit, cloud-driven security features, and easy network management through the motoSync app.

Minim (NASDAQ: MINM) has launched the motosync WiFi management app, specifically for the Motorola MG8702 gateway. This app allows remote management and security of home and small business networks, featuring AI-driven setup, real-time network performance monitoring, parental controls, and cybersecurity functions. The MG8702 combines a cable modem and WiFi router, offering gigabit speeds and saving users up to $168 annually on rental fees. Certified for several major ISPs, the device includes advanced security features and a two-year warranty with US-based support.