Minim, Inc. (NASDAQ:MINM) Q3 2022 Earnings Conference Call November 10, 2022 8:30 AM ET

Company Participants

James Carbonara – Investor Relations

Mehul Patel – Chief Executive Officer

Dustin Tacker – Chief Financial Officer

Conference Call Participants

Operator

Good morning, and welcome to the Minim Third Quarter 2022 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to James Carbonara of Investor Relations. Please go ahead.

James Carbonara

Thank you. Welcome to Minim's Q3 2022 earnings call. With me on the call are Mehul Patel, Chief Executive Officer; and Dustin Tacker, Chief Financial Officer. As a reminder, all materials for today's live presentation are available on the company's Investor Relations website at ir.minim.com.

Before we begin, I want to remind everyone that today's conference call may contain forward-looking statements. Forward-looking statements include statements regarding the future, including expected revenue, operating margins, expenses and future business outlook. Actual results or trends could materially differ from those contemplated by these forward-looking statements. For a discussion of such risks and uncertainties, which could cause actual results to differ from those expressed or implied in the forward-looking statements, please see risk factors detailed in the company's annual report on Form 10-K contained in subsequent filed reports on Form 10-Q as well as in other reports that the company files from time to time with the Securities and Exchange Commission. Please note, too, that today's call may include the use of non-GAAP numbers that management utilizes to analyze the company's performance. A reconciliation of such non-GAAP numbers to the most comparable GAAP measure is available in our most recent press release as well as in our periodic filings with the SEC.

Now I would like to turn the call over to Mehul Patel, CEO of Minim. Mehul please proceed.

Mehul Patel

Thanks, James. Good morning, and welcome to Minim's Q3 2022 conference call. Our third quarter revenue was $13.8 million, up 8% compared to Q2 of 2022. Revenue is boosted by Amazon Prime Day in July, which was up 53% from prior year Prime Day and continued success with our e-commerce channels. We started off Q4 with October Amazon Prime Day. Our gross sales for this event were approximately 50% of our Prime Day performance from July. Our performance for this event was consistent with other retailers, although lighter than we had hoped as consumer appears to be delaying purchases ahead of a more traditional start to the holiday shopping season in November.