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. (OTCQB: MINM) announced the promotion of Nicole Zheng to President and CMO, effective June 30, 2021. Zheng, a founding team member, will enhance her leadership role while continuing her marketing responsibilities. Under her strategy, Minim has experienced three consecutive quarters of record revenue growth, forging partnerships with over 100 ISPs and achieving significant sales increases on Amazon. The management team expresses strong support for her leadership, anticipating continued innovation and global expansion.
Minim, Inc. (OTCQB: MINM) announced that its common stock will be listed on The Nasdaq Capital Market, with trading set to begin on July 7, 2021. This milestone is expected to enhance shareholder value by improving visibility and trading liquidity, according to CEO Gray Chynoweth. The company focuses on innovative internet access products under the Motorola brand, delivering smart, software-driven communication solutions. The forward-looking statements in the press release highlight various risks related to production, supply chains, and market conditions.
Minim, Inc. (OTCQB: MINM) announced a partnership with Vox to utilize Minim's AI-driven software for managing and securing Wi-Fi networks with MikroTik routers. The Vox Wi-Fi Home Manager app will provide subscribers with enhanced network visibility, threat detection, and device management, starting with MikroTik hAP AC² routers. Vox aims to serve 400,000 Fiber to the Home subscribers, enhancing its position in South Africa's broadband market. The solution promises cost savings and improved customer service for Vox, integrating seamlessly with existing infrastructure.
Minim (OTCQB: MINM) will present at the Summer Solstice Best Ideas Conference, hosted by MicroCap Rodeo, on June 1, 2021, at 4:30 PM ET. The event is free and open to all registrants, featuring Minim's CEO Gray Chynoweth and CFO Sean Doherty. Key topics include record revenue growth in Q1 2021, the application for NASDAQ uplisting under the ticker MINM, and new product innovations. Investors are encouraged to pre-register for the event to receive updates and ensure a smooth participation experience.
Minim, operating under the Motorola brand, has unveiled its new Motorola WiFi 6 product line, featuring ultra-fast speeds and advanced technology. The lineup includes the Motorola AX1800 Mesh series, a DOCSIS 3.1 cable modem/router, and a unique modem/router for Xfinity customers, all available for pre-order. Prices range from $128.99 to $379.99. Each product comes with the moto sync app for enhanced user experience. This product launch aligns with the expected surge in WiFi 6 demand, forecasting a significant growth in the wireless mesh market by 2025.
Minim (OTCQB: MINM) reported first quarter financial results for 2021, achieving a record net revenue of $15.0 million, a 26% year-over-year growth, and a 9% sequential increase. The gross margin improved to 34.0% from 25.9% a year earlier. The company has seen a net loss reduction to $546,000 compared to $752,000 in Q1 2020. They also announced an application for NASDAQ uplisting and secured a $13 million credit line to support growth initiatives. Deferred revenue stood at $265,000, marking a shift towards a recurring revenue model.
Minim has launched its latest high-speed adapter, the Motorola MM1025, available on Amazon.com starting at $99.99. This multimedia-over-coax-alliance (MoCA) adapter delivers connectivity speeds up to 2.5 Gbps and is aimed at enhancing home internet performance. The MM1025 is designed for easy setup and includes a two-year warranty with U.S.-based support. With the growing demand for high-speed internet in the U.S., this product addresses bandwidth issues for users working and learning from home, reflecting a significant shift in consumer needs.
Minim (OTCQB: MINM) announced that CMO Nicole Zheng will participate in a panel at the CONNECTIONS Virtual Series on May 12, 2021. The session, titled Supporting Remote Workers with a Smarter Home, focuses on the shift to hybrid remote working and technology solutions for businesses. Zheng will discuss insights from over 130 ISPs and businesses delivering Minim's services. Amid rising remote work success, 83% of executives reported positive outcomes, prompting changes in real estate strategies.
Minim introduced Minim for Work, enhancing connectivity and security for remote workers.
Minim (OTCQB: MINM), a leader in internet access innovation, announced that Gray Chynoweth, CEO, and Sean Doherty, CFO, will present at the Sidoti Virtual Microcap Conference on May 19, 2021, at 9:15 am ET. Investors are encouraged to pre-register and check their online system to ensure smooth participation. To arrange one-on-one meetings with Minim management, please visit the Sidoti conference site or contact Investor Relations. Minim specializes in software-driven communications products under the Motorola brand, enhancing users' WiFi experiences.
FAQ
What is the current stock price of MINIM (MINM)?
What is the market cap of MINIM (MINM)?
What does Minim Inc. specialize in?
What kind of products does Minim Inc. offer?
Where does Minim Inc. focus its operations?
What is the latest news regarding Minim Inc.?
How does Minim Inc. plan to address the compliance issue with Nasdaq?
