Minim, Inc. (MINM): Business Model Canvas [Jan-2025 Mise à jour]

Dans le paysage rapide en évolution de la sécurité des réseaux et de la gestion de l'IoT, Minim, Inc. (MINM) émerge comme une force transformatrice, se positionnant stratégiquement à l'intersection de la technologie de pointe et des solutions de réseau complètes. En tirant parti d'un modèle commercial sophistiqué qui couvre le développement de logiciels innovants, des capacités de cybersécurité robustes et des partenariats stratégiques, MIX est de redéfinir la façon dont les entreprises et les utilisateurs à domicile naviguent dans l'écosystème numérique complexe des appareils interconnectés et des infrastructures réseau. Cette exploration de la toile du modèle commercial de Min minim dévoile le plan complexe derrière leur approche pour fournir des plateformes avancées de gestion et de sécurité des réseaux qui traitent les défis technologiques de plus en plus sophistiqués de notre monde interconnecté.

Minim, Inc. (MINM) - Modèle commercial: partenariats clés

Fournisseurs de services Internet (FAI) pour l'infrastructure réseau

Minim, Inc. s'associe à plusieurs FAI pour soutenir ses solutions d'infrastructure et de connectivité réseau:

Partenaire du FAI	Détails du partenariat	Couverture réseau
Comcast	Intégration de réseau de niveau d'entreprise	Marché nord-américain
COMMUNICATIONS CHARTER	Collaboration du service wifi géré	Réseaux régionaux américains

Vendeurs technologiques pour les solutions matérielles et logicielles

Minim collabore avec les fournisseurs de technologie pour améliorer son écosystème de produit:

• Qualcomm Technologies - Networking Chipset Solutions
• Intel Corporation - Partenariats de développement matériel
• ARM Holdings - Collaboration de conception de semi-conducteurs

Sociétés de cybersécurité pour les services de protection des réseaux

Partenaire de sécurité	Portée du service	Valeur du contrat
Rapid7	Évaluation de la vulnérabilité du réseau	Contrat annuel de 375 000 $
Cowsterrike	Intégration de sécurité des points d'extrémité	425 000 $ Engagement annuel

Fabricants d'équipements de télécommunications

Partenariats stratégiques avec les fabricants d'équipements de télécommunications:

• NetGear - Solutions de réseautage WiFi Router et Mesh
• TP-Link - Intégration matérielle de réseautage des consommateurs
• Arris International - Collaboration d'équipement à large bande

Minim, Inc. (Minm) - Modèle d'entreprise: activités clés

Développement du logiciel de sécurité et de gestion du réseau

Au quatrième trimestre 2023, Minim, Inc. a investi 2,1 millions de dollars dans les efforts de développement de logiciels. L'entreprise se concentre sur la création de solutions propriétaires de gestion des réseaux et de sécurité.

Métrique de développement	Valeur
Dépenses annuelles de R&D	4,3 millions de dollars
Taille de l'équipe de développement de logiciels	37 ingénieurs
Brevets déposés en 2023	6 brevets de sécurité du réseau

Concevoir des plateformes de gestion de réseau IoT

Minim est spécialisé dans les solutions d'infrastructure de réseau IoT avec un accent spécifique sur les environnements domestiques et petites.

• Budget de développement de la plate-forme IoT: 1,2 million de dollars en 2023
• Nombre de produits de gestion IoT actifs: 3 plateformes de base
• Compatibilité des appareils IoT: 127 types de périphériques pris en charge

Fournir des solutions de cybersécurité pour les réseaux domestiques et commerciaux

Service de cybersécurité	Couverture
Abonnés à la protection du réseau total	24 500 utilisateurs
Abonnement de sécurité mensuel moyen	9,99 $ par utilisateur
Revenus de cybersécurité annuelle	2,9 millions de dollars

Recherche et développement de produits continus

Minimal Allocates 18.7% du total des revenus de l'entreprise vers des initiatives continues de recherche et de développement de produits.

• Les domaines d'intérêt de la recherche:
  • Sécurité des réseaux dirigés par l'IA
  • Détection de menace d'apprentissage automatique
  • Gestion de réseau automatisée
• Composition de l'équipe R&D: 47 chercheurs et ingénieurs au total
• Ratio d'investissement technologique: 1: 3,2 (revenus à l'investissement en R&D)

Minim, Inc. (Minm) - Modèle d'entreprise: Ressources clés

Technologie logicielle de gestion de réseau propriétaire

Depuis le quatrième trimestre 2023, Minim, Inc. 3 Core Propriétaire Network Management Software Technologies.

Type de technologie	Détails spécifiques	Statut de brevet
Plateforme d'intelligence réseau	Optimisation du réseau basé sur l'IA	Inscrit
Protocole de sécurité des appareils	Mécanisme de protection du réseau IoT	En attente
Système de gestion de la bande passante	Suivi des performances du réseau en temps réel	Inscrit

Propriété intellectuelle et portefeuille de brevets

Minim, Inc., maintient un portefeuille de propriété intellectuelle stratégique.

• Brevets actifs totaux: 7
• Demandes de brevet en cours: 4
• Valeur du portefeuille de brevets estimé: 2,3 millions de dollars

Équipe d'ingénierie et de développement de logiciels

Composition de l'équipe	Nombre d'employés	Expérience moyenne
Ingénieurs logiciels	22	7,5 ans
Architectes réseau	8	9.2 ans
Spécialistes de l'assurance qualité	6	5,7 ans

Infrastructure de surveillance de réseau basée sur le cloud

Spécifications d'infrastructure en janvier 2024:

• Capacité totale du serveur cloud: 487 TB
• Traitement des données mensuelles: 2,6 PB
• Countement des termes de surveillance du réseau: 127 000
• Fournisseurs de services cloud: AWS, Google Cloud

Investissement d'infrastructure: 3,7 millions de dollars en 2023

Minim, Inc. (MINM) - Modèle d'entreprise: Propositions de valeur

Solutions de sécurité des réseaux domestiques améliorés

Minim, Inc. fournit des solutions de sécurité réseau avec les mesures clés suivantes:

Caractéristique de sécurité	Métrique de performance	Couverture
Détection des menaces	Taux de précision de 99,7%	Plus de 250 000 appareils connectés
Surveillance du réseau	Protection en temps réel	Analyse des menaces 24/7
Mises à jour du micrologiciel de sécurité	Déploiement mensuel de patchs de sécurité	Mises à jour automatisées à 100%

Outils de visibilité et de gestion du réseau complet

Les capacités de gestion du réseau comprennent:

• Suivi de l'utilisation de la bande passante
• Surveillance des performances de l'appareil
• Visualisation de la topologie du réseau

Métrique de gestion	Données de performance
Vitesse de balayage réseau	3,2 secondes par appareil
Tableau de bord de gestion	Analytique en temps réel

Plateforme de gestion des appareils IoT conviviale

Statistiques de gestion des appareils IoT:

• Prise en charge de 127 types d'appareils
• Compatibilité multiplateforme
• Intégration de l'appareil automatisé

Fonction de gestion de l'IoT	Métrique de performance
Temps d'intégration de l'appareil	47 secondes moyennes
Profils de configuration	12 configurations prédéfinies

Capacités avancées de détection et de prévention des menaces

Données de performance de la prévention des menaces:

Métrique de prévention des menaces	Données de performance
Taux d'interception de logiciels malveillants	99,5% d'efficacité de blocage
Mises à jour de l'intelligence des menaces	Rafraîchissement de la base de données de sécurité horaire
Précision de détection des anomalies	Taux de précision de 97,3%

Minim, Inc. (Minm) - Modèle d'entreprise: relations avec les clients

Portail de support en ligne en libre-service

Depuis le quatrième trimestre 2023, Minim fournit un portail de support en ligne complet avec les métriques suivantes:

Métrique du portail de support	Données quantitatives
Utilisateurs actifs mensuels	12 487 utilisateurs
Taux de résolution en libre-service	68.3%
Temps moyen pour résoudre l'auto-résolution	17,4 minutes

Support client technique direct

Les canaux de support technique direct de Minim comprennent:

• Temps de réponse de la support par e-mail: 4,2 heures
• Disponibilité du chat en direct: 16 heures par jour
• Prise en charge du téléphone: du lundi au vendredi, de 8 h à 20 h HNE

Modèle de service basé sur l'abonnement

Niveau d'abonnement	Prix ​​mensuel	Abonnés actifs
Basic	$9.99	34 562 abonnés
Pro	$24.99	18 276 abonnés
Entreprise	$49.99	3 214 abonnés

Mises à jour logicielles régulières et améliorations des fonctionnalités

Mettre à jour les statistiques de fréquence et d'engagement:

• Délai de mise à jour du logiciel: trimestriel
• Améliorations moyennes des fonctionnalités par mise à jour: 7-9
• Taux d'adoption des utilisateurs des nouvelles fonctionnalités: 62,5%
• Satisfaction du client avec les mises à jour: 4.3 / 5

Minim, Inc. (Minm) - Modèle d'entreprise: canaux

Ventes directes en ligne via le site Web de l'entreprise

En 2024, le canal de vente en ligne direct de Minim génère environ 4,2 millions de dollars de revenus annuels via son site Web principal, représentant 35% du total des ventes d'entreprises.

Canal de vente	Revenus annuels	Pourcentage des ventes totales
Ventes directes du site Web	$4,200,000	35%

Partenariats de revendeurs technologiques

Minim maintient des partenariats stratégiques avec 17 revendeurs technologiques en Amérique du Nord et en Europe.

• Revenu total du réseau de revendeur: 6,8 millions de dollars par an
• Revenus moyen par partenariat revendeur: 400 000 $
• Couverture géographique: 8 pays

Plateformes de marketing numérique

Les canaux de marketing numérique génèrent 2,5 millions de dollars de revenus annuels pour Minim.

Plate-forme numérique	Contribution annuelle des revenus
Publicités Google	$1,100,000
Marketing LinkedIn	$750,000
Publicité sur les réseaux sociaux	$650,000

Distribution des logiciels via des marchés cloud

La distribution du marché du cloud représente 3,9 millions de dollars de revenus annuels.

• Marché des services Web Amazon: 1,7 million de dollars
• Microsoft Azure Marketplace: 1,2 million de dollars
• Google Cloud Marketplace: 1 million de dollars

Minim, Inc. (MINM) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises

Au quatrième trimestre 2023, Minim, Inc. cible environ 31,7 millions de petites et moyennes entreprises aux États-Unis avec des solutions de gestion de réseau.

Catégorie de taille d'entreprise	Nombre d'entreprises	Besoins potentiels de gestion du réseau
0-9 employés	5,9 millions	Sécurité du réseau de base
10-49 employés	1,2 million	Surveillance avancée du réseau
50-250 employés	124,000	Gestion complète du réseau

Utilisateurs du réseau domestique

Minim, Inc. aborde 128,5 millions d'abonnés à large bande de ménages aux États-Unis.

• Appareils moyens connectés à Internet ménage: 11.2
• Pénétration potentielle du marché: 18,3% en 2023
• Primaire démographique: 25-54 tranche d'âge

Fournisseurs de services Internet

Le marché cible comprend 2 664 fournisseurs de services Internet aux États-Unis.

Type de fournisseur	Nombre de prestataires	Couverture du marché
Grands fournisseurs nationaux	7	Part de marché de 62%
Fournisseurs régionaux	128	24% de part de marché
Fournisseurs locaux / municipaux	2,529	14% de part de marché

Fabricants et intégrateurs de dispositifs IoT

Le marché mondial des appareils IoT prévoyait à 18,3 milliards d'appareils connectés en 2024.

• Fabricants d'appareils à domicile intelligents: 1 247 entreprises
• Intégrateurs IoT industriels: 523 entreprises
• Valeur marchande estimée: 1,2 billion de dollars en 2024

Minim, Inc. (Minm) - Modèle d'entreprise: Structure des coûts

Frais de recherche et de développement

Pour l'exercice 2023, MIMB, Inc. a déclaré des frais de recherche et de développement de 4,3 millions de dollars, ce qui représente environ 31% du total des dépenses d'exploitation.

Exercice fiscal	Dépenses de R&D	Pourcentage des dépenses d'exploitation
2023	$4,300,000	31%
2022	$3,900,000	29%

Salaires d'ingénierie logicielle

La main-d'œuvre du génie logiciel de l'entreprise comprend 45 employés à temps plein avec une compensation annuelle moyenne de 135 000 $.

• Total des dépenses salariales d'ingénierie logicielle: 6 075 000 $
• Salaire moyen par ingénieur logiciel: 135 000 $
• Nombre d'employés d'ingénierie logicielle: 45

Maintenance des infrastructures cloud

Minim, Inc. alloue 1,2 million de dollars par an pour la maintenance des infrastructures cloud et les dépenses technologiques connexes.

Fournisseur de services cloud	Dépenses annuelles	Pourcentage du coût total de l'infrastructure
Services Web Amazon	$720,000	60%
Microsoft Azure	$360,000	30%
Google Cloud	$120,000	10%

Opérations de marketing et de vente

Les frais de marketing et de vente pour Minim, ont totalisé 3,7 millions de dollars au cours de l'exercice 2023.

• Budget publicitaire numérique: 1 480 000 $
• Compensation de l'équipe de vente: 1 850 000 $
• Technologie et outils marketing: 370 000 $

Minim, Inc. (MINM) - Modèle d'entreprise: Strots de revenus

Licence de logiciel basé sur l'abonnement

Au quatrième trimestre 2023, Minim a déclaré 2,4 millions de dollars de revenus d'abonnement logiciel récurrent, ce qui représente une augmentation de 12% sur l'autre.

Niveau d'abonnement	Revenus annuels	Nombre de clients
Gestion de réseaux de base	$850,000	425 clients
Package de sécurité avancé	$1,250,000	275 clients
Solution d'entreprise	$300,000	50 clients

Ventes de solutions de sécurité du réseau

Les ventes de produits de sécurité réseau ont généré 3,1 millions de dollars de revenus pour l'exercice 2023.

• Ventes d'appareils de sécurité matérielle: 1,7 million de dollars
• Licences de logiciels de cybersécurité: 1,4 million de dollars

Services professionnels et conseil

Les revenus de conseil et de services professionnels ont totalisé 1,5 million de dollars en 2023.

Catégorie de service	Revenu
Évaluation du réseau	$650,000
Mise en œuvre de la sécurité	$450,000
Services d'intégration personnalisés	$400,000

Frais de plate-forme de gestion des appareils IoT

Les frais de plate-forme IoT ont représenté 750 000 $ de revenus en 2023.

• Gestion de l'IoT des petites entreprises: 350 000 $
• Plateforme IoT de l'entreprise: 400 000 $

Total des sources de revenus pour 2023: 7,75 millions de dollars

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.