Welcome to our dedicated page for MINIM news (Ticker: MINM), a resource for investors and traders seeking the latest updates and insights on MINIM stock.
Minim Inc. specializes in manufacturing communications equipment, offering software-driven products under the Motorola brand. Their range includes cable modems, routers, mobile broadband modems, and mesh home networking devices. With a focus in North America, the company continues to innovate in the technology sector.
Minim, Inc. (NASDAQ: MINM) has unveiled its new high-speed WiFi 6 modem/router series, including the Motorola MT8733 and MG8725 models, aimed at enhancing internet connectivity for gamers. The MT8733, specifically designed for Comcast Xfinity customers, offers multi-gigabit speeds and supports Xfinity Voice, while the MG8725 is recognized for its premium performance across multiple service providers. Both models feature advanced network management through the motoSync app and promise significant cost savings on modem rentals, potentially up to $168 annually.
Minim, Inc. (NASDAQ: MINM) is launching Lightning Deals on Amazon for its Motorola cable networking devices during the Black Friday and Cyber Monday promotional periods. The deals feature discounts of 20% or more on popular products, including the Motorola MG8702 modem/router, known for its high-speed connectivity of up to 3.2 Gbps. Analysts project a 25% year-over-year increase in consumer spending this holiday season, with tech gifts expected to be particularly popular as families upgrade home networks for work and entertainment.
Minim (NASDAQ: MINM) reported strong Q3 2021 results, achieving $15.0 million in net revenue, a 25% year-over-year increase, and $1.7 million in net income compared to a loss in Q3 2020. Despite a decline in gross margin to 29.9% due to increased component prices, the company launched new products like the Motorola MH7603 mesh system and the motosync app. They also joined the Telecom Infra Project and expanded into international markets. Cash reserves grew to $19.4 million following a secondary offering and trademark sale.
Minim, Inc. (NASDAQ: MINM) has launched the Motorola AX MH7600 mesh WiFi series, specifically designed for gamers, streamers, and remote workers, now available on Amazon. This product line, featuring support for WiFi 6, highlights a significant step in intelligent networking. Following Minim's merger with Zoom Connectivity, four new products have been released within a year, responding to a demand for reliable, high-speed internet. The MH7600 series offers speeds up to 1 Gigabit, cloud-driven security features, and easy network management through the motoSync app.
Minim (NASDAQ: MINM) has launched the motosync WiFi management app, specifically for the Motorola MG8702 gateway. This app allows remote management and security of home and small business networks, featuring AI-driven setup, real-time network performance monitoring, parental controls, and cybersecurity functions. The MG8702 combines a cable modem and WiFi router, offering gigabit speeds and saving users up to $168 annually on rental fees. Certified for several major ISPs, the device includes advanced security features and a two-year warranty with US-based support.
Minim, Inc. (NASDAQ: MINM) announced it will host a conference call and live webcast on November 2, 2021, at 8:30 a.m. ET to discuss its third-quarter results for the period ending September 30, 2021. Interested participants can join by dialing (866) 393-7958 for toll-free access or (706) 643-5255 internationally, using conference ID 7983699. Slides will be available on the investor section of Minim's website prior to the call. Minim, headquartered in Manchester, NH, specializes in intelligent networking products under the Motorola brand, enhancing users' WiFi experiences.
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.
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