MINIM INC - MINM STOCK NEWS

Minim, Inc. (NASDAQ: MINM) has announced a significant achievement as its motosync app reaches over 100,000 active Minim Intelligent Networks (MINs). This milestone follows the introduction of freemium access for Motorola modem customers and software enhancements, marking a key step in Minim's software-first strategy. The app's updates include personalized WiFi optimization and advanced WPA3 encryption, aimed at bolstering user experience and network security. CEO Mehul Patel commended the team's efforts in achieving this goal ahead of schedule, citing the app's intuitive interface as a key factor in user engagement.

Minim, Inc. (Nasdaq: MINM) reported its Q2 2022 financial results, showing net revenue of $12.9 million, a decline of 3.0% sequentially. The company experienced a net loss of $4.4 million, compared to $2.5 million in Q1 2022. Gross margin decreased to 19.7% from 31.5% in the previous quarter. Despite these challenges, deferred revenue rose by 32%, and product launches, including Q11 and Q14 mesh products, expanded the portfolio. The company retains its #1 market share for cable modems on Amazon.

Minim, Inc. (NASDAQ: MINM) has announced a leadership change, appointing Mehul Patel as CEO, succeeding Gray Chynoweth, who is transitioning to serve in the U.S. Navy Reserve. Patel, who previously served as CFO, joins the Board of Directors. His leadership is expected to drive innovation in software-led products and strategic cost management. Dustin Tacker has been named CFO, while John Lauten has stepped down as COO, with responsibilities temporarily handled by the C-suite. The changes aim to ensure continuity and enhance Minim's business operations.

Minim, Inc. (NASDAQ: MINM) has launched the Motorola Q14, its first WiFi 6E mesh system, boasting speeds up to 5.4 Gbps and access to a new 6 GHz band. This advanced mesh system includes the motosync app for easy setup and cybersecurity features, available in 2-pack and 3-pack configurations covering up to 5,000 square feet. Priced at $429.99 for the 2-pack and $649.99 for the 3-pack, it will be sold on major retail platforms including MotorolaNetwork.com and Amazon. The product aims to enhance user connectivity and reflects Minim’s commitment to intelligent networking solutions.

Minim, Inc. (NASDAQ: MINM) announced a conference call on August 18, 2022, at 8:30 a.m. ET to discuss its second-quarter financial results ending June 30, 2022. Interested parties can access the call via a toll-free dial-in number or online webcast, with slides available five minutes prior to the call on Minim's investor relations website. The company specializes in intelligent networking products under the Motorola brand, focusing on enhancing WiFi connections through its cloud platform and applications. More information can be found at minim.com.

Minim, Inc. (NASDAQ: MINM) has launched the Motorola Q11, its first AX3000 WiFi 6 mesh system, designed to enhance wireless performance with speeds up to 3 Gbps. This system supports more than 100 devices, making it suitable for high-demand activities like remote work and gaming. Available for $189.99 (1-pack) and $448.99 (3-pack), the Q11 features dual 1 Gbps Ethernet LAN ports, and comes with the moto sync app for user-friendly network management. Key features include cloud-driven security and a sleek design, catering to the growing demand for smart home connectivity.

Minim, Inc. (NASDAQ: MINM) has announced the promotions of Cristina Martinho to VP, Marketing and Jeff Rodning to VP, Retail Sales. Martinho, previously VP of Performance Marketing, will now oversee all public relations and digital sales. She has a strong track record, including a 46% increase in Amazon sales. Rodning, who has over 30 years of retail experience, will enhance sales strategy and new channel development. Both promotions aim to leverage their expertise to drive company growth and expand market outreach.

Minim, Inc. (NASDAQ: MINM) announces the resignation of Nicole Hayward Zheng as President and Chief Marketing Officer, effective August 26, 2022, to pursue a new role elsewhere. Her departure is amicable, with no disputes reported. CEO Gray Chynoweth praised Zheng's contributions to the company, emphasizing her role in building a strong leadership team. The company will not be replacing her position, reflecting confidence in its current leadership strength. Zheng remains invested in Minim's future success as a shareholder.

Minim, Inc. (NASDAQ: MINM) announces significant discounts of up to 30% on Motorola cable modems and WiFi 6 products during Amazon's Prime Day event, scheduled for July 12-13, 2022. The promotions aim to enhance home network performance while addressing current economic pressures on consumers. This sales event marks a critical opportunity for Minim to connect with customers and showcase their latest offerings. The product range includes modems, routers, and mesh systems available at discounted prices, with additional bundles designed to maximize savings for shoppers.