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Healthcare - Medical - Devices - NASDAQ - US
$ 2.07
-3.27 %
$ 67.4 M
Market Cap
-3.04
P/E
1. INTRINSIC VALUE

Modular Medical, Inc., a development stage medical device company, focuses on the design, development, and commercialization of insulin pumps using technology to enhance pump adoption in the diabetes marketplace. The company is headquartered in San Diego, California.[ Read More ]

The intrinsic value of one MODD stock under the base case scenario is HIDDEN Compared to the current market price of 2.07 USD, Modular Medical, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart MODD

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FINANCIALS
0 REVENUE
0.00%
-17.5 M OPERATING INCOME
-26.30%
-17.5 M NET INCOME
-25.87%
-14 M OPERATING CASH FLOW
-26.70%
-1.7 M INVESTING CASH FLOW
-3.80%
21.1 M FINANCING CASH FLOW
186.00%
0 REVENUE
0.00%
-5 M OPERATING INCOME
-18.39%
-4.96 M NET INCOME
-19.80%
-3.77 M OPERATING CASH FLOW
-6.14%
-161 K INVESTING CASH FLOW
80.88%
2.77 M FINANCING CASH FLOW
1218.10%
Balance Sheet Decomposition Modular Medical, Inc.
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Current Assets 9.7 M
Cash & Short-Term Investments 9.23 M
Receivables 147 K
Other Current Assets 318 K
Non-Current Assets 4.11 M
Long-Term Investments 0
PP&E 4.11 M
Other Non-Current Assets 0
Current Liabilities 1.46 M
Accounts Payable 802 K
Short-Term Debt 746 K
Other Current Liabilities -93 K
Non-Current Liabilities 817 K
Long-Term Debt 817 K
Other Non-Current Liabilities 0
EFFICIENCY
Earnings Waterfall Modular Medical, Inc.
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Revenue 0
Cost Of Revenue 768 K
Gross Profit -768 K
Operating Expenses 17.5 M
Operating Income -17.5 M
Other Expenses -59 K
Net Income -17.5 M
RATIOS
0.00% GROSS MARGIN
0.00%
0.00% OPERATING MARGIN
0.00%
0.00% NET MARGIN
0.00%
-151.45% ROE
-151.45%
-126.53% ROA
-126.53%
-147.22% ROIC
-147.22%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Modular Medical, Inc.
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Net Income -17.5 M
Depreciation & Amortization 768 K
Capital Expenditures -1.7 M
Stock-Based Compensation 2.7 M
Change in Working Capital 9 K
Others -409 K
Free Cash Flow -15.7 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Modular Medical, Inc.
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MODD has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Modular Medical, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
25.4 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
990 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Aug 19, 2024
Bought 25.4 K USD
Sheibley Philip Brent
Director
+ 15000
1.69 USD
9 months ago
Feb 16, 2024
Bought 990 K USD
MANCHESTER MANAGEMENT CO LLC
director, 10 percent owner, other: Director by Deputization
+ 900000
1.1 USD
1 year ago
Nov 01, 2023
Bought 12.9 K USD
Sheibley Philip Brent
Director
+ 10000
1.29 USD
1 year ago
Oct 16, 2023
Bought 13.5 K USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 13000
1.0422 USD
1 year ago
Oct 16, 2023
Bought 22 K USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 20000
1.0987 USD
1 year ago
Sep 12, 2023
Bought 11.5 K USD
Sheibley Philip Brent
Director
+ 10000
1.15 USD
1 year ago
Aug 31, 2023
Bought 111 K USD
FRANK MORGAN C.
director, 10 percent owner:
+ 103459
1.076 USD
1 year ago
Aug 30, 2023
Bought 44.2 K USD
FRANK MORGAN C.
director, 10 percent owner:
+ 42490
1.0399 USD
1 year ago
May 18, 2023
Bought 250 K USD
FELSHER STEVEN G
Director
+ 117300
2.13 USD
1 year ago
May 18, 2023
Bought 71.6 K USD
FELSHER STEVEN G
Director
+ 58650
1.22 USD
2 years ago
Jul 26, 2022
Bought 8.24 K USD
Sheibley Philip Brent
director:
+ 2000
4.12 USD
2 years ago
Mar 15, 2022
Bought 40 K USD
DiPerna Paul
See Remarks
+ 10000
4 USD
2 years ago
Feb 06, 2022
Bought 139 K USD
FEBBO WILLIAM J
Director
+ 23229
6 USD
2 years ago
Jan 26, 2022
Bought 67.8 K USD
DiPerna Paul
See Remarks
+ 11294
6 USD
2 years ago
Feb 10, 2022
Bought 1.8 M USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 300000
6 USD
3 years ago
Oct 28, 2021
Bought 100 K USD
DiPerna Paul
See Remarks
+ 37037
2.7 USD
3 years ago
Oct 28, 2021
Bought 150 K USD
Vos Ellen O'Connor
Chief Executive Officer
+ 55555
2.7 USD
4 years ago
Jun 30, 2020
Bought 100 K USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 34843
2.87 USD
4 years ago
Jun 30, 2020
Bought 300 K USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 104529
2.87 USD
3 years ago
Feb 08, 2021
Bought 0 USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 1000000
0 USD
3 years ago
Nov 30, 2020
Bought 100 K USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 34843
2.87 USD
5 years ago
Nov 20, 2018
Bought 1.06 M USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 471111
2.25 USD
5 years ago
Nov 20, 2018
Bought 360 K USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 160000
2.25 USD
5 years ago
Nov 20, 2018
Bought 200 K USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 88889
2.25 USD
3 years ago
Dec 31, 2020
Sell 0 USD
DiPerna Paul
See Remarks
- 7220400
0 USD
5 years ago
Nov 20, 2018
Bought 1.62 M USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 720001
2.25 USD
7 years ago
Jul 24, 2017
Bought 3.74 M USD
MANCHESTER MANAGEMENT CO LLC
10 percent owner
+ 5664690
0.66 USD
7 years ago
Apr 26, 2017
Sell 4 K USD
ALBISTON DERRICK M
- 181633
0.022 USD
7 years ago
Apr 26, 2017
Sell 1.65 K USD
ALBISTON DERRICK M
- 82416
0.02 USD
7 years ago
Apr 26, 2017
Sell 133 USD
ALBISTON DERRICK M
- 6667
0.02 USD
7 years ago
Apr 26, 2017
Sell 4 K USD
ALBISTON TODD L
- 181633
0.022 USD
7 years ago
Apr 26, 2017
Sell 1.65 K USD
ALBISTON TODD L
- 82416
0.02 USD
7 years ago
Apr 26, 2017
Sell 133 USD
ALBISTON TODD L
- 6667
0.02 USD
7 years ago
Apr 26, 2017
Sell 4 K USD
BASSHAM WAYNE ROBERT
- 181634
0.022 USD
7 years ago
Apr 26, 2017
Sell 1.65 K USD
BASSHAM WAYNE ROBERT
- 82416
0.02 USD
7 years ago
Apr 26, 2017
Sell 133 USD
BASSHAM WAYNE ROBERT
- 6666
0.02 USD
19 years ago
Mar 18, 2005
Sell 350 USD
Gillen Frank James
10 percent owner
- 350000
0.001 USD
7. News
Modular Medical Proudly Sponsors the Inaugural Achieving Diabetes Equity in Practice Today (ADEPT) Conference SAN DIEGO, CA / ACCESSWIRE / November 11, 2024 / Modular Medical, Inc. (NASDAQ:MODD) ("Modular Medical" or the "Company"), an insulin delivery technology company with the first FDA-cleared patch pump designed specifically to target all adult "almost-pumpers" with its user-friendly and affordable design, today announced that it is a Gold sponsor of the upcoming, first annual Achieving Diabetes Equity in Practice Today (ADEPT) Conference taking place at the Chicago Marriott Downtown on November 12 and 13,2024. The ADEPT Conference, which is the result of a collaborative effort between the American Diabetes Association and the T1D Exchange, will bring together key stakeholders focused on achieving health equity in type 1 and type 2 diabetes. accesswire.com - 5 days ago
Registration Is Now Open For Tribe Public's Webinar Event "Tailoring GLP-1 Weight Loss Treatments: Innovative Approaches To Personalized Dosing" Featuring Modular Medical CEO On Monday, November 11, 2024 Meet with Modular Medical CEO, Jeb Besser Obesity is linked to 30% to 53% of new diabetes cases in the U.S. every year, per research in the Journal of the American Heart Association About half of all patients prescribed a GLP-1 drug for weight loss discontinued after the first 12 weeks, with approximately 30% discontinuing in the first four weeks Discover Modular Medical's Recently Announced Results from a Successful GLP-1 Proof of Concept Study SAN DIEGO, CA / ACCESSWIRE / November 8, 2024 / Modular Medical, Inc. (NASDAQ:MODD) ("Modular Medical" or the "Company"), a development-stage, insulin delivery technology company seeking to launch the next generation of user-friendly and affordable insulin pump technology, today announced that Jeb Besser, CEO, will present at Tribe Public's Webinar Presentation and Q&A Event titled "Tailoring GLP-1 Weight Loss Treatments: Innovative Approaches To Personalized Dosing." The event is scheduled to begin at 8:00am pacific/11:00am eastern on Monday, November 11, 2024. accesswire.com - 1 week ago
Modular Medical Announces Results from a Successful GLP-1 Proof of Concept Study -Study showed more potent weight loss and blood glucose control with the addition of a mealtime bolus of a rapid acting GLP-1 to basal delivery - Observed weight loss was 17% at 28 days, a 25% improvement over GLP-1 delivered as basal alone -Findings suggest that pump delivery may be a viable approach to achieve GLP-1 weight and blood glucose benefits that are comparable with current treatment standards, either as initial treatment or for maintenance, while bringing personalized dosing flexibility SAN DIEGO, CA / ACCESSWIRE / November 7, 2024 / Modular Medical, Inc. (Nasdaq:MODD) ("Modular Medical" or the "Company"), an insulin delivery technology company with the first FDA-cleared patch pump designed specifically to target all adult "almost-pumpers" with its user-friendly and affordable design, announced successful results from its pre-clinical GLP-1 proof of concept study. "We are excited by the results of this pre-clinical, proof of concept study in a standard obese mouse model," stated Dr. David Maggs, M.D. accesswire.com - 1 week ago
Modular Medical to Present at the Lytham Partners Fall 2024 Investor Conference on October 1 SAN DIEGO, CA / ACCESSWIRE / September 30, 2024 / Modular Medical, Inc. (NASDAQ:MODD) ("Modular Medical" or the "Company"), an insulin delivery technology company with the first FDA-cleared patch pump designed specifically to target all adult "almost-pumpers" thanks to its user-friendly and affordable design, will participate in a webcasted presentation and host one-on-one meetings with investors at the Lytham Partners Fall 2024 Investor Conference, taking place virtually on October 1, 2024. Company Webcast The Company's webcasted presentation will take place at 2:00 p.m. accesswire.com - 1 month ago
Modular Medical Announces Issuance of U.S. Patent Covering Key Aspects of Core Pumping Technology Allowed claims cover major features of pumping mechanism in FDA-cleared MODD1 product SAN DIEGO, CA / ACCESSWIRE / September 18, 2024 / Modular Medical, Inc. (NASDAQ:MODD) ("Modular Medical" or the "Company"), an insulin delivery technology company with the first FDA-cleared patch pump designed specifically to target all adult "almost-pumpers" thanks to its user-friendly and affordable design, announced the issuance of U.S. Divisional Patent Application No. 17/968,599. accesswire.com - 1 month ago
Modular Medical Announces Finalization of Protocol for GLP-1 Personalized Metabolic Therapy Study Utilizing the MODD1 Platform -Proof of Concept Study in Rapid Acting GLP-1 to commence in October 2024 with data expected in November 2024 -Pre-clinical study to explore use of MODD1 pump as a personalized delivery system for people who discontinue long-acting GLP-1 formulations -CEO to discuss further details of the program in Tribe Public Webinar on Wednesday, September 11 at 8:30 a.m. Pacific time SAN DIEGO, CA / ACCESSWIRE / September 11, 2024 / Modular Medical, Inc. (NASDAQ:MODD) ("Modular Medical" or the "Company"), an insulin delivery technology company with the first FDA-cleared patch pump designed specifically to target all adult "almost-pumpers" thanks to its user friendly and affordable design, today announced an update on its proof-of-concept study in a high-fat diet-induced obese ("DIO") mouse model to explore the potential future use of the MODD1 pump platform to assist patients who struggle with tolerability, inconsistent efficacy, and cost of long acting GLP-1 therapies. accesswire.com - 2 months ago
Registration Is Now Open For Tribe Public's Webinar Event "Diabetes, Obesity, GLP-1, & The MODD-1 Opportunity" Featuring Modular Medical CEO On Wednesday, September 11, 2024 Meet with Modular Medical CEO, Jeb Besser There are more than 3 million individuals who use daily insulin to help with the care of Diabetes in the US.100% of patient population require daily insulin injection. Only 20% currently use an insulin pump. accesswire.com - 2 months ago
Modular Medical Announces Conference Call to Discuss FDA Clearance of the MODD1 Insulin Pump SAN DIEGO, CA / ACCESSWIRE / September 4, 2024 / Modular Medical, Inc. (the "Company" or "Modular Medical") (NASDAQ:MODD), an insulin delivery system technology company preparing to launch a market expansion product with a more accessible, easier to prescribe, and easier to pay for and live with technology, today announced it will hold a conference call and webcast tomorrow, Thursday, September 5, 2024, at 8:30 a.m. Eastern Time to discuss the U. accesswire.com - 2 months ago
Modular Medical Announces FDA Clearance of the MODD1 Insulin Pump MODD1 is a patch pump for ALL adults with Type 1 and Type 2 diabetes Designed to be simpler and more affordable to expand access to diabetes technology for previously underserved communities Commercial availability expected in early 2025 SAN DIEGO, CA / ACCESSWIRE / September 4, 2024 / Modular Medical, Inc. (the "Company" or "Modular Medical") (NASDAQ:MODD), an insulin delivery system technology company preparing to launch a market expansion product with a more accessible, easier to prescribe, and easier to pay for and live with technology, today announced it has received U. S. Food and Drug Administration ("FDA") clearance to market and sell its MODD1 pump in the United States. accesswire.com - 2 months ago
Registration is Now Open for Tribe Public's Webinar Event "Diabetes Care Innovator Modular Medical Takes Next Steps" Featuring Modular Medical CEO on Friday, August 9, 2024 The global diabetes care market, valued at $18.9 billion in 2023, is projected to reach $35.8 billion by 2028 The insulin pump segment is expected to grow from $5.26 billion to $21.65 billion by 2032 Discover how Modular Medical is accelerating the development of technology to empower the whole diabetes community with MODD1 Meet with Modular Medical CEO Jeb Besser SAN DIEGO, CA / ACCESSWIRE / August 8, 2024 / Modular Medical, Inc. (NASDAQ:MODD) ("Modular Medical" or the "Company"), a development-stage, insulin delivery technology company seeking to launch the next generation of user-friendly and affordable insulin pump technology, today announced that Jeb Besser, CEO of Modular Medical, will present at Tribe Public's Webinar Presentation and Q&A Event titled "Diabetes Care Innovator Modular Medical Takes Next Steps." The Event is scheduled to begin at 8:30am pacific/11:30am eastern on Friday, August 9, 2024. accesswire.com - 3 months ago
Modular Medical Initiates Transfer of Manufacturing Operations to Phillips Medisize SAN DIEGO, CA / ACCESSWIRE / August 7, 2024 / Modular Medical, Inc. (the "Company" or "Modular Medical") (NASDAQ:MODD), an insulin delivery system technology company preparing to launch the next generation of easy-to-use, prescribe and live with affordable insulin pump technology, today announced it has begun the transfer of its pilot line manufacturing operations to a Phillips Medisize manufacturing site in Queretaro, Mexico. Phillips Medisize, a Molex company, has been an outstanding collaborator in the development of Modular Medical's platform product, supply chain and manufacturing operations, as the Company intends to transition from pre-commercial production to high-volume device manufacturing. accesswire.com - 3 months ago
Modular Medical Announces Proof-of-Concept Study for Personalized Metabolic Therapy utilizing the MODD1 Platform Pre-clinical study to explore use of MODD1 pump as a delivery system for FDA-approved, short acting peptides, as a personalized alternative for people who discontinue long-acting GLP-1 formulations SAN DIEGO, CA / ACCESSWIRE / July 15, 2024 / Modular Medical, Inc. (NASDAQ:MODD) ("Modular Medical" or the "Company"), an insulin delivery technology company seeking to launch the next generation of user-friendly and affordable insulin pump technology, today announced a proof-of-concept study with Gubra A/S ("Gubra") in a high-fat, diet-induced obese ("DIO") mouse model to explore the potential future use of the MODD1 pump platform to assist patients who struggle with tolerability, inconsistent efficacy, and cost of long acting GLP-1 therapies. "A recent study published by Blue Health Intelligence using data from a national dataset of private insurers found that about half of all patients prescribed a GLP-1 drug for weight loss discontinued after the first 12 weeks, with approximately 30% discontinuing in the first four weeks," commented Jeb Besser, Chief Executive Officer of Modular Medical. accesswire.com - 4 months ago
8. Profile Summary

Modular Medical, Inc. MODD

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COUNTRY US
INDUSTRY Medical - Devices
MARKET CAP $ 67.4 M
Dividend Yield 0.00%
Description Modular Medical, Inc., a development stage medical device company, focuses on the design, development, and commercialization of insulin pumps using technology to enhance pump adoption in the diabetes marketplace. The company is headquartered in San Diego, California.
Contact 16772 W. Bernardo Drive, San Diego, CA, 92127 https://www.modular-medical.com
IPO Date Feb. 10, 2022
Employees 39
Officers Mr. Paul M. DiPerna Founder, Chairman, President, Chief Financial Officer & Treasurer Mr. James E. Besser Chief Executive Officer Mr. Kevin Schmid Chief Operating Officer