Minim Inc Stock Price, News & Analysis

Minim, Inc. (NASDAQ: MINM) has joined the Telecom Infra Project (TIP) Open Converged Wireless (OCW) Project Group and will support the Open Source TIP OpenWiFi Project. This partnership aims to standardize Minim's intelligent connectivity software with TIP OpenWiFi's framework, benefiting Internet Service Providers (ISPs) and Original Equipment Manufacturers (OEMs). Minim is collaborating on a roadmap for integration, targeting completion in early 2022. OpenWiFi is expected to enhance WiFi infrastructure cost-efficiency and spur innovation in the industry.

Minim (NASDAQ: MINM) partners with Irdeto to enhance MultiChoice Africa's direct-to-home services by introducing DStv Internet alongside its AI-driven security solution, DStv Trusted Home. This collaboration expands access to high-speed internet for over 20 million households across Africa. DStv Internet allows users to connect via a SIM card and WiFi router, catering to areas without fiber connectivity. The initiative aims to improve customer experience with robust WiFi management and security features, emphasizing the growing demand for reliable online services.

Minim, Inc. (NASDAQ: MINM) has launched the Motorola MH7020 Whole Home WiFi Mesh System in India. Priced at ₹7,999 for one-pack, it features intelligent tri-band technology to enhance internet speeds and eliminate dead spots. The system includes a free upgrade to the motosync app, offering advanced network security and management options. With India’s broadband growth, Minim aims to capture market share by providing high-quality, affordable WiFi solutions targeting the growing demand among Indian consumers.

Minim, Inc. (NASDAQ: MINM) announced its WiFi as a Service platform now manages MikroTik device firmware in subscriber homes, enhancing network security through timely updates. This solution streamlines ISP operations by saving time and costs associated with manual updates, which typically take 10-15 minutes per router. MikroTik routers are preferred by Wireless ISPs, serving around seven million customers in the U.S. The platform supports various MikroTik models and other brands, reducing truck rolls and customer churn, while offering cost-effective service delivery.

Minim, Inc. (NASDAQ: MINM) has launched its intelligent networking products in India, marking a significant step in its international e-commerce strategy. The Motorola MH7020 Triband AC2200 Mesh WiFi system is now available on Amazon.in and Flipkart.in. This expansion adds to Minim’s footprint across over 140 ISPs globally, enhancing its WiFi as a Service offerings. CEO Gray Chynoweth emphasizes the company’s focus on global growth and the demand for secure home networks, aiming to adapt to the evolving market of connected homes.

Minim, Inc. (NASDAQ: MINM) reported a strong Q2 2021, achieving net revenue of $14.9 million, a 45% increase from $10.3 million in Q2 2020. Gross margin improved to 30.1%. Despite a net loss of $1.6 million, the company completed a $25 million public offering and uplisted to NASDAQ. Revenue bookings rose to $15.6 million, with deferred revenue increasing 279% compared to Q1 2021. Notably, Amazon Prime Day sales reached record levels, and new retail partnerships were established. The company expects continued growth with upcoming product launches.

Minim, Inc. (NASDAQ: MINM) will announce its financial results for Q2 2021 on August 16, 2021, before market open. A conference call is scheduled for 8:30 a.m. ET on the same day, allowing investors to discuss the results. Interested participants can join via the toll-free number (866) 393-7958 or use the international number (706) 643-5255, with conference ID 3495449. Slides will be available on the company's investor website shortly before the call.

Minim, Inc. (NASDAQ: MINM), known for its intelligent networking products under the Motorola brand, announced participation in two virtual investor conferences. The first is the Canaccord Genuity 41st Annual Growth Conference on Aug 12, 2021, at 1:00 pm ET, accessible via this link. The second is the Sidoti Summer Virtual Microcap Investor Conference on Aug 18, 2021, at 10:00 am ET, available here. Pre-registration is recommended for both events.

Minim, Inc. (NASDAQ: MINM) has expanded its U.S. retail presence by adding top retailers, including Home Shopping Network, Home Depot, and Lowe's, to sell Motorola home networking products. This expansion follows a significant merger transaction and aims to meet the increased demand for smart home networks due to evolving consumer needs. Products are available at various retailers on a rolling basis, with strong anticipated market interest highlighted by a Parks Associates survey showing doubled demand for home networking equipment since 2019.