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NH Business Review
After merger with Zoom Telephonics, record numbers reported
March 11, 2021
Minim, the Manchester-based developer of internet of things software and hardware, reported net revenues of $13.7 million in its first quarterly report as a publicly traded company.
The company, which sells its products under the Motorola brand, said that, for the year, it had $48 million in net revenue, a 28% increase from 2019, which was before the Minim’s December 2020 merger with Zoom Telephonics.
The gross profit was reported at $13.6 million.
The fourth-quarter revenue of $13.7 million was 14% higher than the previous quarter, Minim reported.
“We are extremely proud of our operational and financial accomplishments in 2020, which position our company well for continued growth in 2021,” said Gray Chynoweth, Minim’s CEO.