Minim Inc - MINM STOCK NEWS

Minim (OTCQB: MINM) has expanded its AI-driven Trusted Home platform with new data centers in Amsterdam and Moscow, enhancing services for Russian operators and 10 million households. This partnership with Microimpuls, a software developer for IPTV, aims to improve customer experience and compliance with local data protection laws. The expansion promises faster services, reduced latency by 50%, and increased operational reliability through localized data storage and improved web app performance.

Minim (OTCQB: MINM) has partnered with ANY LAB TEST NOW to secure patient data over WiFi at over 190 U.S. locations. The collaboration highlights Minim's solutions, which offer significant cost savings and enhanced security for health clinics, aligning with the anticipated 49% increase in post-pandemic retail health clinic demand. Minim's offerings include AI-driven routers, guest network management, and vulnerability scans, all for a monthly fee of $49. The partnership aims to mitigate network security risks, allowing clinics to focus more on patient care.

Minim (OTCQB: MINM), a provider of internet access products, will present at the Virtual Investor Conferences on April 15, 2021, at 4:00 pm ET. The presentation will cover their software subscription revenue distribution strategy and recent market launches in the home networking sector. Recent highlights include a successful merger with Zoom Telephonics, a retail launch of the Motorola MG8702 modem, and record net revenue of $48.0 million in 2020, a 28% increase from the previous year. Stakeholders are encouraged to register in advance for the event.

Minim has launched two new DOCSIS 3.1 networking devices, the Motorola MB8611 Cable Modem and the Motorola MG8702 Gigabit Cable Modem with built-in AC3200 Router, at competitive prices of $169.99 and $269.99, respectively. These products, accompanied by an innovative mobile app, are now available at major retailers including BestBuy, Micro Center, and Staples. The products support Gigabit internet speeds and provide advanced security features. Minim aims to enhance the Motorola brand's market leadership in the rapidly expanding high-speed internet sector.

Minim (OTCQB: MINM) has secured a $13 million credit facility from Silicon Valley Bank to meet the rising demand in the $356 billion fixed broadband market. This follows a record-breaking revenue quarter for the company, which specializes in internet access products. CFO Sean Doherty emphasized the facility's role in facilitating growth, particularly as telemedicine and remote work persist post-pandemic. Minim's products, including cable modems and routers under the Motorola brand, are widely available through major retailers and ISPs.

Minim (OTCQB: MINM) reported record Q4 and full-year 2020 financial results, achieving net revenue of $13.7 million in Q4, marking a 30% year-over-year growth. The company experienced a gross margin improvement to 33%. For the full year, net revenue reached $48 million, up 28% from 2019. Non-GAAP net income of $1 million was reported for 2020. The merger with Zoom Telephonics was finalized, expanding product offerings. Despite a non-GAAP net loss of $0.8 million in Q4, Minim emphasizes growth potential and innovation in the home networking market.

Minim (OTCQB: MINM) will announce its financial results for Q4 and FY 2020 on March 9, 2021, before market opening. A conference call is scheduled for 8:30 a.m. ET on the same day to discuss these results. Participants can join via dial-in numbers: (866) 393-7958 for the U.S. and (706) 643-5255 internationally. The call will also be recorded and accessible later on Minim's investor website.

Minim (OTCQB: MINM) announces the upcoming launch of its new product, the Zoom® ZM.1, an AC1300 mesh WiFi system. Set to debut in Spring 2021 across Canada, Mexico, and Europe, this system is aimed at providing affordable and robust WiFi connectivity. Priced from $74.99, it offers dual-band access, MU-MIMO technology, and a mobile app for enhanced management, including features like guest network management and parental controls. With over 130 ISP partnerships, Minim continues to expand its service offerings to users.

Minim (OTCQB: MINM) announces a significant expansion of its global presence, partnering with Internet Service Providers (ISPs) across Africa, Europe, and North America to enhance connectivity services. The company’s software has reportedly helped ISPs like Wi-fibre Inc. achieve a 50% reduction in support calls and 40% fewer technician visits. Minim’s solutions aim to improve customer satisfaction and operational efficiency, particularly as demand for reliable Internet increases during the pandemic. The community of over 130 ISP partners continues to grow, furthering Minim’s reach.