Minim, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 29, 2023 at 12:46 pm
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Minim, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 10.63 million compared to USD 10.48 million a year ago. Net loss was USD 4.52 million compared to USD 1.8 million a year ago. Basic loss per share from continuing operations was USD 2.5 compared to USD 1 a year ago.
For the full year, sales was USD 50.62 million compared to USD 55.42 million a year ago. Net loss was USD 15.55 million compared to USD 2.2 million a year ago. Basic loss per share from continuing operations was USD 8.5 compared to USD 1.5 a year ago.
Minim, Inc. is a networking company. The Company delivers intelligent software to protect and improve the WiFi connections. Its cable and WiFi products, with an intelligent operating system and bundled mobile application, are sold in retailers and e-commerce channels in the United States (U.S.). Its artificial intelligence (AI)-driven cloud software platform and applications make network management and security simple for home and business users, as well as the service providers. Its hardware portfolio includes cable modems, cable modem/routers, mobile broadband modems, wireless routers, Multimedia over Coax Alliance (MoCA) adapters, and mesh home networking devices. Its SaaS platform includes mobile applications, a Web application, API suites, and an open-source embedded agent for networking devices. Modems and modem/routers (gateways) are devices, which converts cable service into Internet connectivity for ethernet-only connection (modems) or ethernet and wireless connections.
MINIM, INC. 
