MINIM INC - MINM STOCK NEWS

Minim (NASDAQ: MINM) has announced a new e-commerce partnership with Home Depot, launching Motorola home network devices on HomeDepot.com. This collaboration allows consumers across North America to access eight high-performance devices, including the Motorola MH7603 WiFi 6 Mesh System, which is priced at $238.99. The MH7603 features WiFi 6 speeds up to 1Gbps, a 1 Gig Ethernet port, and supports up to 300 devices over an area of 5,000 sqft. This initiative reflects Minim's ongoing strategy to expand its market presence amid the growing demand for advanced home networking solutions.

Minim, Inc. (NASDAQ: MINM) is set to debut its live shopping segment on HSN on December 26, 2022. This collaboration allows consumers to purchase Motorola's home networking products, including the Motorola Q11 WiFi 6 Mesh Router System, during a live broadcast. The segment aims to enhance customer engagement and showcase the benefits of secure home networks. Executives believe this venture aligns with growing consumer interest in their products, setting the stage for deeper brand connections through HSN's platform.

Minim, Inc. (NASDAQ: MINM) has announced a partnership with Office Depot to launch eight Motorola WiFi 6 products on OfficeDepot.com. This agreement aims to enhance customer access to reliable home networking solutions. Among the products is the Motorola Q11, offering speeds up to 3Gbps and the ability to connect up to 300 devices. The collaboration reflects Minim's strategy to cater to the increasing demand for WiFi 6 devices.

Minim, Inc. (Nasdaq: MINM) reported its Q3 2022 financial results, revealing a net revenue of $13.8 million, a 7.5% increase from Q2 2022 but 8.0% lower than Q3 2021. The gross margin improved to 22.3%, up from 19.7% in Q2 2022. The net loss narrowed to $4.1 million compared to $4.4 million in the prior quarter. Minim has strengthened its balance sheet, reducing inventories by 11.7% and accounts payable by 38.9%. The company plans to exit the ISP business by Q4 2023 to focus on new subscription initiatives.

Minim, Inc. (NASDAQ: MINM) will host a conference call on November 10, 2022, at 8:30 a.m. ET to discuss its third-quarter results for the period ending September 30, 2022. Investors can join via a toll-free number or international dial-in. The call will include a presentation available on Minim's investor relations website. The company specializes in intelligent networking products under the Motorola brand, focusing on enhancing WiFi connectivity and privacy through software solutions.

Minim, Inc. (NASDAQ: MINM) announces the expansion of its e-commerce partnerships by adding Motorola home networking products to Lenovo.com. This collaboration allows Lenovo to offer its customers high-performance Motorola devices alongside their PCs. Key products feature advanced technologies like DOCSIS 3.1 and WiFi 6, enabling significant cost savings and enhanced connectivity for users. The Motorola MB8611 Cable Modem, for instance, can save customers up to $168.00 annually on ISP rental fees. The products will be available for purchase on Lenovo.com in the coming weeks.

Minim, Inc. (NASDAQ: MINM), a leader in intelligent networking products, is offering significant discounts on its home networking devices during the Amazon Prime Early Access sale from October 11-12. Discounts of up to 40% off on products like the Motorola Q14 WiFi 6E Mesh System, which supports up to 5.4Gbps speeds, and the Motorola MB8600 DOCSIS 3.1 modem are included. These promotions aim to enhance home connectivity, especially ahead of the holiday season, leveraging the popularity of Motorola’s products on Amazon.

Minim, Inc. (NASDAQ: MINM) has expanded its e-commerce presence by launching the Motorola MH7602 WiFi 6 Mesh System on Target.com, marking a significant addition to its portfolio. The launch, announced on October 4, 2022, allows Target customers with Gigabit speed internet to enhance their home networks. The MH7602 is priced at $189.99 and supports up to 200 devices with speeds of AX1800 and advanced features through the motosync app. This move aims to meet rising consumer demand for smart home networking solutions, leveraging Target's reach as the fifth largest e-commerce platform in the U.S.