MODD
Modular Medical, Inc.0.3428
-0.0270-7.3%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
26.00MP/E (TTM)
-Basic EPS (TTM)
-0.50Dividend Yield
0%Recent Filings
8-K
8-K
Closed $12M offering at premium
Modular Medical closed a $12 million best-efforts public offering on March 4, 2026, selling 62,098,000 common shares and pre-funded warrants for 6,000,000 shares, plus warrants for 68,098,000 shares at $0.1762 each—a premium to market. Directors and executives locked up shares for 90 days. Cash bolsters the insulin patch pump developer's runway. Warrants expire in five years.
8-K
Secures $350K CEO facility
Modular Medical issued a $350,000 secured revolving credit facility note to CEO James Besser's affiliate on February 23, 2026, maturing March 25, 2026, at 12% interest on draws, secured by all assets and IP. Repayment accelerates upon raising over $2M in equity before maturity. No borrowings yet. Short-term bridge amid tight funding.
10-Q
Q3 FY2026 results
Modular Medical posted a Q3 FY2026 operating loss of $7.2M, up 49% y/y from $4.9M, driven by R&D expenses doubling to $5.4M on personnel and consulting while SG&A rose 84% to $1.8M. Nine-month net loss hit $21.9M versus $13.9M y/y, with cash burn quickening to $17.9M from operating activities and capex of $2.9M; financing yielded $10.7M via public offering, warrant inducement, and ATM sales. Cash dwindled to $2.9M, warrant liabilities emerged at $2.2M. Shares outstanding ballooned to 77.7M. FDA-cleared MODD1 awaits Pivot 510(k). Nasdaq bid price compliance hangs by a thread.
8-K
Authorized shares tripled to 250M
Modular Medical boosted authorized common shares from 100M to 250M on January 23, 2026, via shareholder-approved charter amendment at its annual meeting. Shareholders also greenlit a board-discretionary reverse split and added 3M shares to its equity plan. Flexibility ramps up for capital raises. Yet broker non-votes hit 12.2M shares.
IPO
Employees
Sector
Industry
BBNX
Beta Bionics, Inc.
29.63-0.09
BDMD
Baird Medical Investment Holdin
1.37+0.02
DXCM
DexCom, Inc.
66.37+0.64
MDT
Medtronic plc.
97.72-0.85
MDV
Modiv Industrial, Inc.
14.80-0.06
NUMD
Nu-Med Plus Inc.
0.02-0.01
PODD
Insulet Corporation
288.73-2.78
RBOT
Vicarious Surgical Inc.
2.43-0.04
SENS
Senseonics Holdings, Inc.
6.62-0.17
TNDM
Tandem Diabetes Care, Inc.
22.60+0.49