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Exhibit 99.1 minim Minim Announces Strong Preliminary Second Quarter Financial Results Launch of next - generation networking products fuels significant gross margin expansion MANCHESTER , NH — Minim , Inc. ( NASDAQ : MINM ) , the creator of intelligent networking products under the globally - recognized Motorola brand , today announced certain preliminary estimated results for the second quarter of 2021 . Preliminary Financial Highlights : Accelerated Q2 2021 consolidated revenue growth rate of approximately 43 % when compared to Q2 2020 ; Q2 2021 consolidated revenue of approximately $ 14.75 million , compared with $ 10.3 million in Q2 2020 ; Continued improvement in gross margin , with approximately 30 % gross margin achieved in Q2 2021 , up over 900 basis points compared to Q2 2020 gross margin ; Q2 2021 consolidated net loss of approximately $ 1.5 million , comparable to a consolidated net loss of $ 1.5 million in Q2 2020 ; and Deferred revenue in Q2 2021 increased by almost 300 % quarter - over - quarter compared to Q1 2021 , driven by evolving software subscription business model . " We're pleased to report exceptional year - over - year growth , " said Gray Chynoweth , Chief Executive Officer of Minim . " This performance was driven by Minim's acute focus on supply chain management and sales growth for our intelligent networking products . One of the quarter's strongest highlights was our record sales on Amazon Prime Day , which totaled more than the last four years combined . ”