MINIM INC - MINM STOCK NEWS

Minim, Inc. (NASDAQ: MINM) has expanded its retail presence by launching the Motorola MT8733 DOCSIS 3.1 Modem/Router at Best Buy locations nationwide. This product allows Xfinity customers to save on modem rental fees and improve their network performance with its built-in AX6000 router and motosync app. Priced at $409.99, it offers features like DOCSIS 3.1 support, multiple Ethernet ports, and two phone lines. With Wi-Fi 6 adoption soaring, the launch aims to meet the growing demand for high-speed networking devices.

Minim, Inc. (NASDAQ: MINM) has appointed Paul Walsh as an advisor to its Board of Directors, effective immediately. Walsh, a seasoned financial leader, previously served as CFO at Allegro Microsystems Inc., where he led a successful IPO. His extensive experience in finance and operations within technology sectors positions him to assist Minim in navigating its growth trajectory, which includes a recent uplisting to the Nasdaq and significant revenue growth. CEO Gray Chynoweth expressed enthusiasm for Walsh's addition to the team.

Minim, Inc. (NASDAQ: MINM) has announced a virtual investor day on June 9, 2022, at 10:00 am Eastern Time, along with an in-person cocktail reception at 5:30 pm in New York City. CEO Gray Chynoweth highlighted the opportunity for investors to learn about Minim's offerings and operational plans. The event features speakers from Minim's leadership team, including CFO Mehul Patel and President & CMO Nicole Zheng. Registration is required for both events, and details are available on Minim's investor relations website.

Minim, Inc. (NASDAQ: MINM) reported Q1 2022 earnings with net revenue of $13.3 million, a 27% increase quarter-over-quarter, despite an 11% decline year-over-year. The company's net loss improved to ($2.5) million from ($3.2) million in the previous quarter. Market share rose to 40% on Amazon and 8% on Walmart.com for cable modems and gateways. As of March 31, 2022, cash reserves totaled $10.5 million. Minim anticipates exceeding 100,000 Intelligent Networks by mid-year and is navigating supply chain challenges while focusing on advanced connectivity solutions.

Minim, Inc. (NASDAQ: MINM) has partnered with Best In Class Suppliers to extend its Motorola networking products to over 5,800 retail locations in the U.S. This collaboration is Minim's third retail partnership in 2022, following agreements with USI Sales and Summit Growth Partners. The partnership aims to enhance the distribution of various Motorola products, including the Motorola MT8733 and Motorola MH7600. Both companies expressed optimism about the growth potential, leveraging Best In Class Suppliers' expertise in retail.

Minim, Inc. (NASDAQ: MINM) will hold a conference call on May 11, 2022, at 8:30 a.m. ET to discuss its Q1 2022 results. Investors can dial in using toll-free number (866) 393-7958 or international number (706) 643-5255, with conference ID 6197831. Slides will be available five minutes prior to the call on the company's investor relations website. Minim, headquartered in Manchester, NH, specializes in intelligent networking products and holds the exclusive global license to manufacture Motorola-branded consumer networking products.

Minim, Inc. (NASDAQ: MINM) announced a strategic partnership with Summit Growth Partners, enhancing its presence in the DIY retail market. This collaboration aims to extend the reach of Motorola's intelligent networking products to home improvement retailers. Minim's offerings include the Motorola MT8733, MH7600 series, and MG8725 modem/router combos, designed to meet increasing consumer demand. The partnership is set to begin rollout in the coming months, following a previous collaboration with USI Sales in the office retail segment.

Minim, Inc. (NASDAQ: MINM) has partnered with USI Sales to expand its presence in major office retailers across the US and Canada. This strategic alliance aims to leverage USI's established relationships to place Motorola-branded networking products in stores like Office Depot, Staples, and Quill.com. With the rise of remote work, Minim anticipates increased demand for home office network upgrades. The partnership allows USI to offer popular Motorola products, including the MB8611 modem and MH7600 mesh WiFi system, enhancing customer access to advanced networking solutions.

Minim, Inc. (NASDAQ: MINM) announced its software roadmap and solidified its position as the top cable modem and gateway seller on Amazon since December 2021. The company reported a 16% revenue increase to $55.4 million for 2021, despite a 10% industry decline in modem sales. Gross margin improved to 31.6%, while net loss reduced to $3.6 million. Q4 2021 revenue fell by 24% to $10.5 million. The company’s leadership expanded with new hires, and a brighter outlook is anticipated as more devices support WiFi 6. A conference call is scheduled for March 31, 2022.