Minim, Inc. (MINM): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama en rápida evolución de la seguridad de la red y la gestión de IoT, Minim, Inc. (MINM) surge como una fuerza transformadora, posicionándose estratégicamente en la intersección de la tecnología de vanguardia y las soluciones de red integrales. Al aprovechar un modelo de negocio sofisticado que abarca un desarrollo innovador de software, capacidades sólidas de ciberseguridad y asociaciones estratégicas, Minim es redefinir cómo las empresas y los usuarios domésticos navegan por el complejo ecosistema digital de dispositivos interconectados e infraestructura de red. Esta exploración del lienzo de modelo de negocio de Minim presenta el intrincado plan detrás de su enfoque para ofrecer plataformas avanzadas de gestión de redes y seguridad que aborden los desafíos tecnológicos cada vez más sofisticados de nuestro mundo interconectado.

Minim, Inc. (Minm) - Modelo de negocio: asociaciones clave

Proveedores de servicios de Internet (ISP) para infraestructura de red

Minim, Inc. se asocia con múltiples ISP para admitir sus soluciones de infraestructura y conectividad de red:

Socio de ISP	Detalles de la asociación	Cobertura de red
Comcast	Integración de red de nivel empresarial	Mercado norteamericano
Comunicaciones de la Carta	Colaboración de servicios wifi administrado	Redes regionales de los Estados Unidos

Proveedores de tecnología para soluciones de hardware y software

Mínimo colabora con proveedores de tecnología para mejorar su ecosistema de productos:

• Qualcomm Technologies - Networking Chipset Solutions
• Intel Corporation - Asociaciones de desarrollo de hardware
• Partidas para brazos - colaboración de diseño de semiconductores

Empresas de ciberseguridad para servicios de protección de redes

Socio de seguridad	Alcance del servicio	Valor de contrato
Rapid7	Evaluación de vulnerabilidad de la red	$ 375,000 contrato anual
Crowdstrike	Integración de seguridad de punto final	$ 425,000 participación anual

Fabricantes de equipos de telecomunicaciones

Asociaciones estratégicas con fabricantes de equipos de telecomunicaciones:

• Netgear: soluciones de redes de malla y enrutador wifi
• TP -Link - Integración de hardware de redes de consumo
• Arris International - Colaboración de equipos de banda ancha

Minim, Inc. (MINM) - Modelo de negocio: actividades clave

Desarrollo del software de seguridad y gestión de la red

A partir del cuarto trimestre de 2023, Minim, Inc. invirtió $ 2.1 millones en esfuerzos de desarrollo de software. La compañía se enfoca en crear soluciones patentadas de gestión de redes y seguridad.

Métrico de desarrollo	Valor
Gastos anuales de I + D	$ 4.3 millones
Tamaño del equipo de desarrollo de software	37 ingenieros
Patentes presentadas en 2023	6 patentes de seguridad de red

Diseño de plataformas de gestión de redes IoT

Minim se especializa en soluciones de infraestructura de red IoT con un enfoque específico en entornos de hogares y pequeñas empresas.

• Presupuesto de desarrollo de la plataforma IoT: $ 1.2 millones en 2023
• Número de productos activos de gestión de IoT: 3 plataformas principales
• Compatibilidad del dispositivo IoT: 127 tipos de dispositivos admitidos

Proporcionar soluciones de ciberseguridad para redes de hogares y comerciales

Servicio de ciberseguridad	Cobertura
Suscriptores totales de protección de red	24,500 usuarios
Suscripción de seguridad mensual promedio	$ 9.99 por usuario
Ingresos anuales de ciberseguridad	$ 2.9 millones

Investigación y desarrollo de productos continuos

Mínimo asignaciones 18.7% de los ingresos totales de la compañía hacia iniciativas continuas de investigación y desarrollo de productos.

• Áreas de enfoque de investigación:
  • Seguridad de red impulsada por IA
  • Detección de amenazas de aprendizaje automático
  • Administración de redes automatizadas
• Composición del equipo de I + D: 47 investigadores e ingenieros totales
• Ratio de inversión tecnológica: 1: 3.2 (ingresos para la inversión en I + D)

Minim, Inc. (MINM) - Modelo de negocio: recursos clave

Tecnología de software de gestión de redes patentada

A partir del cuarto trimestre de 2023, Minim, Inc. se mantiene 3 Tecnologías básicas de software de gestión de redes patentadas.

Tipo de tecnología	Detalles específicos	Estado de patente
Plataforma de inteligencia de red	Optimización de red impulsada por IA	Registrado
Protocolo de seguridad del dispositivo	Mecanismo de protección de red de IoT	Pendiente
Sistema de gestión de ancho de banda	Seguimiento de rendimiento de red en tiempo real	Registrado

Propiedad intelectual y cartera de patentes

Minim, Inc. mantiene una cartera estratégica de propiedad intelectual.

• Patentes activas totales: 7
• Solicitudes de patentes en progreso: 4
• Valor estimado de la cartera de patentes: $ 2.3 millones

Equipo de desarrollo de ingeniería y software

Composición del equipo	Número de empleados	Experiencia promedio
Ingenieros de software	22	7.5 años
Arquitectos de red	8	9.2 años
Especialistas de garantía de calidad	6	5.7 años

Infraestructura de monitoreo de red basada en la nube

Especificaciones de infraestructura a partir de enero de 2024:

• Capacidad total del servidor en la nube: 487 TB
• Procesamiento de datos mensual: 2.6 PB
• Puntos finales de monitoreo de red: 127,000
• Proveedores de servicios en la nube: AWS, Google Cloud

Inversión de infraestructura: $ 3.7 millones en 2023

Minim, Inc. (MINM) - Modelo de negocio: propuestas de valor

Soluciones de seguridad de redes y redes comerciales mejoradas

Minim, Inc. proporciona soluciones de seguridad de red con las siguientes métricas clave:

Característica de seguridad	Métrico de rendimiento	Cobertura
Detección de amenazas	Tasa de precisión del 99.7%	Más de 250,000 dispositivos conectados
Monitoreo de red	Protección en tiempo real	Análisis de amenazas 24/7
Actualizaciones de firmware de seguridad	Implementación de parche de seguridad mensual	Actualizaciones 100% automatizadas

Herramientas integrales de visibilidad y gestión de la red

Las capacidades de gestión de la red incluyen:

• Seguimiento de utilización de ancho de banda
• Monitoreo del rendimiento del dispositivo
• Visualización de topología de red

Métrica de gestión	Datos de rendimiento
Velocidad de escaneo de red	3.2 segundos por dispositivo
Panel de gestión	Análisis en tiempo real

Plataforma de administración de dispositivos IoT fácil de usar

Estadísticas de administración de dispositivos IoT:

• Soporte para 127 tipos de dispositivos
• Compatibilidad multiplataforma
• Incorporación de dispositivos automatizados

Función de gestión de IoT	Métrico de rendimiento
Tiempo de incorporación del dispositivo	Promedio de 47 segundos
Perfiles de configuración	12 configuraciones preestablecidas

Capacidades avanzadas de detección y prevención de amenazas

Datos de rendimiento de prevención de amenazas:

Métrica de prevención de amenazas	Datos de rendimiento
Tasa de intercepción de malware	99.5% de eficiencia de bloqueo
Actualizaciones de inteligencia de amenazas	Actualización de la base de datos de seguridad por hora
Precisión de detección de anomalías	97.3% de tasa de precisión

Minim, Inc. (MINM) - Modelo de negocio: relaciones con los clientes

Portal de soporte en línea de autoservicio

A partir del cuarto trimestre de 2023, Minim proporciona un portal de soporte en línea integral con las siguientes métricas:

Soporte de la métrica del portal	Datos cuantitativos
Usuarios activos mensuales	12.487 usuarios
Tasa de resolución de autoservicio	68.3%
Tiempo promedio para el problema de auto-resuelto	17.4 minutos

Atención al cliente técnica directa

Los canales de soporte técnico directo de Minim incluyen:

• Tiempo de respuesta de soporte por correo electrónico: 4.2 horas
• Disponibilidad de chat en vivo: 16 horas diarias
• Soporte telefónico: de lunes a viernes de 8 a.m. a 8 p.m. EST

Modelo de servicio basado en suscripción

Nivel de suscripción	Precio mensual	Suscriptores activos
Basic	$9.99	34,562 suscriptores
Pro	$24.99	18,276 suscriptores
Empresa	$49.99	3,214 suscriptores

Actualizaciones de software regulares y mejoras de funciones

Estadísticas de frecuencia y compromiso de actualización:

• Lanzamientos de actualización de software: trimestralmente
• Mejoras de características promedio por actualización: 7-9
• Tasa de adopción del usuario de nuevas características: 62.5%
• Satisfacción del cliente con actualizaciones: calificación 4.3/5

Minim, Inc. (MINM) - Modelo de negocio: canales

Ventas directas en línea a través del sitio web de la compañía

A partir de 2024, el canal de ventas en línea directo de Minim genera aproximadamente $ 4.2 millones en ingresos anuales a través de su sitio web principal, lo que representa el 35% de las ventas totales de la compañía.

Canal de ventas	Ingresos anuales	Porcentaje de ventas totales
Ventas directas del sitio web	$4,200,000	35%

Asociaciones de revendedor de tecnología

Minim mantiene asociaciones estratégicas con 17 revendedores de tecnología en América del Norte y Europa.

• Ingresos de la red total de revendedores: $ 6.8 millones anuales
• Ingresos promedio por sociedad de revendedor: $ 400,000
• Cobertura geográfica: 8 países

Plataformas de marketing digital

Los canales de marketing digital generan $ 2.5 millones en ingresos anuales para un mínimo.

Plataforma digital	Contribución anual de ingresos
Ads de Google	$1,100,000
Marketing de LinkedIn	$750,000
Publicidad en las redes sociales	$650,000

Distribución de software a través de los mercados en la nube

La distribución del mercado de la nube representa $ 3.9 millones en ingresos anuales.

• Mercado de servicios web de Amazon: $ 1.7 millones
• Microsoft Azure Marketplace: $ 1.2 millones
• Google Cloud Marketplace: $ 1 millón

Minim, Inc. (MINM) - Modelo de negocio: segmentos de clientes

Empresas pequeñas a medianas

A partir del cuarto trimestre de 2023, Minim, Inc. se dirige a aproximadamente 31.7 millones de pequeñas a medianas empresas en los Estados Unidos con soluciones de gestión de redes.

Categoría de tamaño del negocio	Número de negocios	Necesidades potenciales de gestión de redes
0-9 empleados	5.9 millones	Seguridad de red básica
10-49 empleados	1.2 millones	Monitoreo de red avanzado
50-250 empleados	124,000	Gestión integral de redes

Usuarios de la red doméstica

Minim, Inc. aborda 128.5 millones de suscriptores de banda ancha doméstica en los Estados Unidos.

• Dispositivos promedio conectados a Internet en el hogar: 11.2
• Penetración de mercado potencial: 18.3% a partir de 2023
• Demografía primaria: rango de edad de 25-54

Proveedores de servicios de Internet

El mercado objetivo incluye 2.664 proveedores de servicios de Internet en los Estados Unidos.

Tipo de proveedor	Número de proveedores	Cobertura del mercado
Grandes proveedores nacionales	7	62% de participación de mercado
Proveedores regionales	128	24% de participación de mercado
Proveedores locales/municipales	2,529	Cuota de mercado del 14%

Fabricantes e integradores de dispositivos IoT

Mercado global de dispositivos IoT proyectado en 18.3 mil millones de dispositivos conectados en 2024.

• Fabricantes de dispositivos domésticos inteligentes: 1.247 empresas
• Integradores industriales de IoT: 523 empresas
• Valor de mercado estimado: $ 1.2 billones en 2024

Minim, Inc. (MINM) - Modelo de negocio: Estructura de costos

Gastos de investigación y desarrollo

Para el año fiscal 2023, Minim, Inc. reportó gastos de investigación y desarrollo de $ 4.3 millones, lo que representa aproximadamente el 31% de los gastos operativos totales.

Año fiscal	Gastos de I + D	Porcentaje de gastos operativos
2023	$4,300,000	31%
2022	$3,900,000	29%

Salarios de ingeniería de software

La fuerza laboral de ingeniería de software de la compañía comprende 45 empleados a tiempo completo con una compensación anual promedio de $ 135,000.

• Gastos salariales totales de ingeniería de software: $ 6,075,000
• Salario promedio por ingeniero de software: $ 135,000
• Número de empleados de ingeniería de software: 45

Mantenimiento de la infraestructura en la nube

Minim, Inc. asigna $ 1.2 millones anuales para el mantenimiento de la infraestructura en la nube y los gastos de tecnología relacionados.

Proveedor de servicios en la nube	Gasto anual	Porcentaje de costo total de infraestructura
Servicios web de Amazon	$720,000	60%
Microsoft Azure	$360,000	30%
Google Cloud	$120,000	10%

Operaciones de marketing y ventas

Los gastos de marketing y ventas para Minim, Inc. totalizaron $ 3.7 millones en el año fiscal 2023.

• Presupuesto de publicidad digital: $ 1,480,000
• Compensación del equipo de ventas: $ 1,850,000
• Tecnología y herramientas de marketing: $ 370,000

Minim, Inc. (MINM) - Modelo de negocio: flujos de ingresos

Licencias de software basadas en suscripción

A partir del cuarto trimestre de 2023, Minim reportó $ 2.4 millones en ingresos por suscripción de software recurrentes, lo que representa un aumento de 12% año tras año.

Nivel de suscripción	Ingresos anuales	Conteo de clientes
Gestión de redes básicas	$850,000	425 clientes
Paquete de seguridad avanzado	$1,250,000	275 clientes
Solución empresarial	$300,000	50 clientes

Venta de soluciones de seguridad de red

Las ventas de productos de seguridad de red generaron $ 3.1 millones en ingresos para el año fiscal 2023.

• Ventas de dispositivos de seguridad de hardware: $ 1.7 millones
• Licencias de software de ciberseguridad: $ 1.4 millones

Servicios profesionales y consultoría

Los ingresos por consultoría y servicios profesionales totalizaron $ 1.5 millones en 2023.

Categoría de servicio	Ganancia
Evaluación de red	$650,000
Implementación de seguridad	$450,000
Servicios de integración personalizados	$400,000

Tarifas de la plataforma de gestión de dispositivos IoT

Las tarifas de la plataforma IoT representaron $ 750,000 en ingresos durante 2023.

• Gestión de IoT de pequeñas empresas: $ 350,000
• Plataforma de IoT Enterprise: $ 400,000

Flujos de ingresos totales para 2023: $ 7.75 millones

Minim, Inc. (MINM) - Canvas Business Model: Value Propositions

You're looking at the core promises Minim, Inc. (now FiEE, Inc.) is making to its different customer groups as of late 2025. The numbers here reflect both the company's current financial reality and the market context it is pivoting into.

For Legacy Customers: Reliable, high-quality internet connectivity via Motorola hardware

The value here is rooted in established hardware performance, even as the overall revenue base contracts sharply. The trailing twelve-month (TTM) revenue for Minim, Inc. stood at approximately $2.10 million, reflecting a year-over-year decline of -94.04% as of mid-2025. Still, the company maintained a Quick Ratio of 1.26, which is above the industry median of 1.09, suggesting a degree of short-term liquidity to support existing commitments.

The value proposition is supported by the following context:

• TTM Net Loss for the period ending mid-2025: approximately $-5.52 million.
• Stock price as of November 2025: $3.61.
• Recent 7-day stock price increase: 423.19%.

For New Platform Users: IoT-AI enhanced content and precise audience targeting

This segment is about tapping into the massive, AI-driven growth of connected devices. The market context shows a clear trend toward intelligence embedded in connectivity. The number of connected IoT devices globally is expected to reach 21.1 billion by the end of 2025.

The value of AI enhancement is underscored by industry adoption figures:

Metric	Value
IoT Platform Market Size (2025 Estimate)	$60.54B
AI as a Top Technology (Respondent Share, 2025)	58%
IoT Platform Market CAGR (to 2030)	13.14%

For Enterprises: Secure product authentication and seamless file transfer using blockchain

The promise to enterprises centers on the security and efficiency of permissioned ledger technology. The global Enterprise Blockchain Market is projected to grow at a Compound Annual Growth Rate (CAGR) of 47.5% between 2023 and 2032.

The focus on secure data protection is a key driver for this market segment:

• Financial services sector revenue share in Enterprise Blockchain: 41.0%.
• Market share attributed to data protection as a driver: 58.0%.

For Energy Sector: Proprietary solutions for automated grid stability and modernization

For the energy sector, the value proposition aligns with the rapid, technology-driven shift in power generation capacity. In the United States, renewables made up 31% of the total installed electricity generation capacity by late 2025.

The dominance of solar in new capacity additions highlights the market for grid modernization solutions:

Energy Metric (US Market, Late 2025)	Value
Share of New Generation from Solar (YTD 2025)	75%
Share of New Generation from Wind (YTD 2025)	13%
Share of New Generation from Gas (YTD 2025)	11%

Finance: draft 13-week cash view by Friday.

Minim, Inc. (MINM) - Canvas Business Model: Customer Relationships

You're looking at the relationship structure for Minim, Inc. (MINM) as of late 2025, which is heavily leaning on software monetization and digital touchpoints. The numbers we have from the latest filings give us a solid anchor on the enterprise/SaaS side of the relationship, even if the consumer support details are based on prior trends.

Automated self-service for hardware and software support

The strategy here is clearly pushing users toward digital, self-help channels, which aligns with industry expectations for 2025 where up to 85% of customer interactions are expected to be handled without a human agent. Minim, Inc. (MINM) has a history of driving users to in-app support; for example, nearly 40% of all support tickets were reported through in-app chat support over a period leading up to early 2023. This suggests a high reliance on the motosync app as the primary first-line support portal. The Support+ premium offering, priced at $36.99 annually when launched in mid-2023, is designed to segment the high-touch needs away from the automated flow, offering 24/7 tech support and priority queueing for subscribers.

Dedicated support for enterprise and B2B SaaS clients

This segment is where the financial commitment is clearest in the latest data. Minim, Inc. (MINM)'s focus on high-value, recurring revenue relationships is evident in the growth of their top-tier clients. As of October 31, 2025, the company reported 1,572 customers with Annualized Recurring Revenue (ARR) of $100,000 or more. This represents a 20% year-over-year increase from 1,310 such customers on October 31, 2024. The overall ARR reached $1,055,328 thousand as of that date, marking a 23% growth from the prior year's $859,657 thousand. This cohort's growth indicates a dedicated, high-touch relationship model is in place for these accounts, likely involving dedicated account management to drive adoption of adjacent platform solutions. To be fair, the company noted that as of October 31, 2025, no single end customer accounted for more than 3% of total ARR, showing a diversified, though concentrated, enterprise base.

Here are the key metrics defining the high-value customer relationship as of the end of the third quarter of fiscal year 2025:

Metric	Value as of October 31, 2025	Year-over-Year Change
Annualized Recurring Revenue (ARR)	$1,055,328 thousand	23%
Customers with ARR $\ge$ $100,000	1,572	20%
Three-Month Revenue (ending Oct 31)	$258.9 million	23%

Community building and engagement for the new KOL platform

Specific engagement statistics for Minim, Inc. (MINM)'s Key Opinion Leader (KOL) platform are not public, so we map this against the broader market reality for late 2025. The US influencer marketing industry is a $10.52 billion powerhouse in 2025. For brands leveraging this space, the average reported return on investment (ROI) is between $5-$11 return per $1 spent. Furthermore, consumer trust metrics show that 61% of consumers trust influencer endorsements more than traditional ads, which is the core value proposition for any KOL community strategy. If Minim, Inc. (MINM) is using micro-influencers, engagement rates average around 3.86% on platforms like Instagram.

Digital engagement via the motosync app for network management

The motosync app remains central to the consumer relationship, acting as the primary interface for network management and support. The last reported milestone for this digital relationship was powering over a million networks through the mobile app, as announced in early 2023. The app provides features like speed tests, guest network control, and malware blocking. This digital relationship is designed to be self-service first, with the option to upgrade to the Support+ subscription for $36.99 per year for expedited help. The continued success of this platform is critical, as general consumer expectations show that 81% of customers want more self-service options, such as online knowledge bases.

Key digital engagement features available to users include:

• AI-driven setup and personalized WiFi Optimization.
• Parental controls, including custom profile tools.
• Integrated cybersecurity with automated firmware upgrades.
• Self-service diagnostics for immediate troubleshooting.

Finance: draft 13-week cash view by Friday.

Minim, Inc. (MINM) - Canvas Business Model: Channels

You're looking at the channel strategy for Minim, Inc., now operating as FiEE, Inc. as of July 2025, which is heavily weighted toward its legacy Smart Communications Products, which still represent Nearly 100% of Revenue for the Trailing Twelve Months (TTM) ending mid-2025.

Major North American e-commerce platforms (e.g., Amazon Prime Day sales)

The primary channel for the legacy hardware business remains North America, which accounts for Nearly 100% of Revenue. While specific 2025 Amazon Prime Day sales figures for Minim, Inc. are not public, general market data shows that Prime Day and similar events fueled consumer spending, with average outlays up 10%-11% subsequent to the end of Q2 2025. The overall US retail e-commerce sales for Q2 2025 were estimated at $304.2 billion (adjusted).

Retail channels including office and home improvement stores (e.g., Office Depot, Staples)

The company previously expanded into channels like Office Depot and Staples. Given the TTM revenue for the entire business is only $2.10 Million as of mid-2025, the contribution from these specific brick-and-mortar partners is likely minimal or winding down as the company pivots. The overall revenue decline YoY for the TTM period was a staggering -94.04%.

Direct sales and licensing for the new SaaS and enterprise solutions

This represents the future focus, though current revenue is dominated by hardware. The company recently acquired key tech assets for its new platform for $1.4M. The global SaaS market revenue in 2025 is projected to reach $390.4B. The strategy involves leveraging this new technology to enhance the IoT-AI content and audience targeting platform.

• The company is building a unique KOL (Key Opinion Leader) community.
• The new focus aims to ignite new revenue streams and improve SaaS offerings.

Company website for direct-to-consumer sales and software downloads

The company website, www.minim.com, serves as a channel for its intelligent networking products. The Q3 2025 Total Revenue was $1.94M. The company's intelligent operating system and bundled mobile application are sold through e-commerce channels.

Here is a table summarizing key financial context relevant to the channel performance as of late 2025:

Metric	Value (TTM as of mid-2025)	Value (Q3 2025)
Total Revenue	$2.10 Million	$1.94M
Year-over-Year Revenue Change	-94.04%	N/A
Net Income (TTM)	-$5.52 Million	-$252.99K
Operating Cash Flow (OCF) Quarter Ending June 2025	N/A	Negative $-1.2 million

The firm delivers intelligent software to protect and improve WiFi connections, with its hardware portfolio including cable modems, routers, and mesh networking devices. The AI-driven cloud software platform and applications are designed for home and business users, as well as service providers.

Minim, Inc. (MINM) - Canvas Business Model: Customer Segments

You're looking at the customer base of Minim, Inc. (MINM) in late 2025, and honestly, the numbers tell a story of a massive pivot. The financial reality shows the legacy business is nearly gone, meaning the focus has shifted dramatically to the newer, more specialized segments you listed. If onboarding new enterprise or utility clients takes longer than expected, the cash burn rate we're seeing definitely makes that a near-term risk.

The customer segments are distinct, reflecting a company in transition, moving away from a mass-market hardware play toward high-value, specialized solutions. Here's how the groups break down based on the company's stated strategic direction and the resulting financial footprint:

• North American consumers needing high-speed home networking hardware (largely legacy/wind-down).
• Enterprises seeking IoT-AI content and audience targeting solutions (a newer focus area).
• Internet Service Providers (ISPs) and cable operators (legacy/wind-down).
• Energy companies and utilities focused on grid modernization (post-merger focus).

The scale at which Minim, Inc. (MINM) is currently operating is best understood through its latest reported financials. This context applies to the resources available to serve all these segments, especially the newer ones requiring significant integration support.

Financial Metric (As of Late 2025)	Value
Trailing Twelve Month (TTM) Revenue (Mid-2025)	$2.10 Million
Year-over-Year (YoY) Revenue Change (TTM)	-94.04%
Quarterly Net Loss (Quarter ending June 2025)	$-1 Million
Operating Cash Flow (June 2025 Quarter)	$-1.2 million
Trailing Twelve Month (TTM) Net Income	$-487,912
Diluted Earnings Per Share (EPS) (TTM)	-$0.17
Current Ratio (As of November 11, 2025)	0.93

For the North American consumer and ISP segments, the financial data suggests these streams are either negligible or actively being shed. The near-total collapse in revenue, down from a previous base, points directly to the wind-down of these high-volume, lower-margin hardware sales. For instance, the TTM revenue of $2.10 Million is a stark contrast to what a mass-market hardware provider would typically generate.

The enterprise and utility segments, however, are where the future value proposition is targeted. The search results indicate recent activity around acquiring technology to 'Supercharge IoT-AI Content & Audience Targeting Platform,' which directly addresses the enterprise segment. Simultaneously, another report highlights the core business as developing 'proprietary solutions focused on automated grid stability' for the energy sector. These segments are likely served through high-touch, direct sales and licensing models, which is a different beast than shipping retail boxes.

The key differences in how these groups are served drive the entire model. You can see the contrast in the required value proposition:

• Home Networking/ISP: Focus on product sales, volume, and channel distribution.
• Enterprises/Utilities: Focus on long-term service agreements, proprietary software licensing, and engineering integration services.

Finance: draft 13-week cash view by Friday.

Minim, Inc. (MINM) - Canvas Business Model: Cost Structure

You're looking at the cost side of Minim, Inc.'s (now FiEE, Inc.) business model as they aggressively pivot from legacy hardware sales to an AI/IoT software and SaaS focus. The cost structure reflects this painful, cash-intensive transition period. Honestly, the old model's high Cost of Revenue is being replaced by high investment in the new model, but the burn rate remains high for now.

High cost of revenue due to reliance on contract manufacturing and supply chain

While the company is moving toward software, the remaining product component still carries significant weight, especially given the supply chain volatility experienced through 2025. The reliance on contract manufacturing means that Cost of Revenue (CoR) is largely variable and tied to external production costs, which eats into the thin margins of any remaining hardware sales. The TTM revenue through mid-2025 was only $2.10 million, which puts extreme pressure on the CoR to be low enough to support operations.

Significant operating expenses, leading to a June 2025 quarterly Net Loss of $-1 Million

The operating expenses (OpEx) are the primary driver of the current losses as the company funds its pivot. For the quarter ending June 2025, Minim, Inc. reported a Net Loss of $-1 Million. This loss is a direct result of OpEx outpacing the minimal revenue generated during this transition phase. To be fair, this loss figure represents an improvement of -31.1% year-over-year in the loss amount, showing some cost control is taking effect.

Research and development (R&D) for new AI/IoT software and SaaS products

A major component of the current cost structure is the investment in the new technology stack. This spending is strategic, aiming to shift the revenue mix toward higher-margin recurring revenue streams. A concrete example of this investment is the $1.4 million asset purchase agreement signed on June 30, 2025, by its subsidiary, FiEE (HK) Limited, to acquire key intellectual properties from Suzhou Yixuntong Network Technology Co., Ltd. This acquisition directly bolsters the R&D and product capability for the new AI/IoT focus.

Corporate overhead and administrative costs associated with the transition/merger

The corporate overhead includes costs related to the strategic transition, including the ticker symbol change to 'FIEE' effective July 10, 2025, and the general administrative costs of running a leaner operation while simultaneously integrating new technology. The overall financial instability is underscored by the balance sheet as of July 2025, showing Total Debt of $861,796 and a negative Stockholders' Equity of $-503,902. These figures reflect the cumulative costs of operations and transition not covered by revenue.

Negative Operating Cash Flow of $-1.2 million in the June 2025 quarter

The cash flow statement is the clearest indicator of the current cost structure's impact. For the quarter ending June 2025, the company experienced a Negative Operating Cash Flow (OCF) of $-1.2 million. This means the core business activities consumed cash rather than generating it, forcing reliance on financing activities to sustain operations. The TTM Net Loss through mid-2025 was a substantial $-5.52 million, which aligns with this ongoing cash burn.

Here's a quick look at the key financial metrics that define the current cost burden:

Metric	Amount (Period)
Quarterly Net Loss	$-1 Million (June 2025 Quarter)
Operating Cash Flow	$-1.2 Million (June 2025 Quarter)
TTM Revenue	$2.10 Million (Mid-2025)
TTM Net Loss	$-5.52 Million (Mid-2025)
Strategic Asset Acquisition Cost	$1.4 Million (June 30, 2025)

The company is defintely spending heavily to build the new platform, which is reflected in the negative cash flow and net loss figures. You should watch the next quarterly report to see if the revenue from the new SaaS initiatives starts to offset these high R&D and overhead costs.

Minim, Inc. (MINM) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for Minim, Inc. (MINM) right now, and honestly, the numbers tell a story of a major pivot underway. The core of the business, as it stands, is still heavily tied to the sale of communications hardware, but the future focus is clearly shifting to software and new platforms. We have to look at the current state while acknowledging the strategic moves being made to build out the recurring revenue base.

The most immediate, hard number you need to anchor on is the Trailing Twelve-Month (TTM) revenue. For the TTM ending around mid-2025, Minim, Inc. reported TTM revenue of approximately $2.10 million. This figure comes alongside a brutal year-over-year revenue contraction of -94.04% for that same TTM period. Here's the quick math: that massive decline signals a near-total collapse of the legacy revenue base, which is defintely something to watch as the new model takes hold. What this estimate hides is the impact of the company's corporate actions, like the recent ticker change to FIEE, which signals a strategic reset.

The traditional revenue component centers on the Sale of Motorola-branded modems and routers (hardware sales). Minim, Inc. delivers these cable modems, routers, gateways, and mesh networking devices through retailers and e-commerce channels in the United States. This product side is what historically drove the bulk of the top line, but the current TTM figure reflects its diminished contribution during this transition phase.

The future growth narrative is built upon recurring software revenue, specifically the Subscription revenue from intelligent software solutions (e.g., motosync). The company delivers intelligent software, including mobile applications and a Web application, that makes network management and security simple for users. This is the foundation for the subscription model, aiming to provide more predictable income compared to one-time hardware purchases.

Furthermore, the business model has historically included revenue from Licensing and service agreements for proprietary grid automation technology. This segment involves leveraging proprietary technologies to automate grid control systems, providing integrated solutions that fortify grid reliability through direct sales, technology licensing, and comprehensive support services.

To capture the emerging revenue from the strategic shift, you must track the New SaaS product sales from the IoT-AI content platform. Following a recent acquisition of key technology assets for $1.4 million, the company is actively working to ignite these new revenue streams and improve its SaaS offerings. The company also used the Osaka Expo 2025 to unveil these new SaaS products, aiming to capitalize on digital market offerings. This points to a direct push into new, potentially high-margin software sales.

Here is a snapshot of the key financial metrics related to the revenue performance as of mid-2025:

Metric	Amount/Rate (as of mid-2025 data)
Trailing Twelve-Month (TTM) Revenue	$2.10 million
Year-over-Year (YoY) Revenue Change (TTM)	-94.04%
Recent Acquisition for Tech Assets (to fuel SaaS)	$1.4 million
TTM Net Income (Loss)	-$5.52 million

You should be tracking the following elements that feed into the Revenue Streams block of the Canvas:

• Hardware sales of Motorola-branded modems and routers.
• Revenue from the AI-driven cloud software platform.
• Income from licensing proprietary grid automation technology.
• Sales from the new IoT-AI content platform's SaaS products.
• Service agreements tied to grid stability solutions.

Finance: draft 13-week cash view by Friday.