Modular Medical Inc (OQ:MODD)
Business Focus: Medical Equipment, Supplies & Distribution
| Sector: Healthcare | Industry: Medical Equipment, Supplies & Distribution |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 16772 WEST BERNARDO DRIVE SAN DIEGO CA 92127 |
| Tel: | N/A |
| Website: | https://www.modular-medical.com |
| IR: | See website |
| Key People | ||
| Paul Diperna Chairman of the Board, President, Chief Financial Officer, Treasurer | James E. Besser Chief Executive Officer | Kevin Schmid Chief Operating Officer |
| Business Overview |
| Modular Medical, Inc. is a development-stage, insulin delivery technology company. The Company is focused on the design, development, and commercialization of insulin pumps using technology to increase pump adoption in the diabetes marketplace. Its product seeks to serve both the type 1 and type 2 diabetes markets for those individuals requiring insulin. MODD1, its product, is a high-precision pump. MODD1's features include two parts - one reusable, one disposable - snap together to form the working system; one button interface; 90-day reusable, three-day disposable; disposable portion removable at any time from an adhesive-backed retainer, which remains in place, and no external controller required, no charging and no battery replacement. MODD1 comes with a variety of methods for the patient to wear the pump. Options include a base plate with adhesive for attaching to the body that has features for holding the pump to the patient, and overwraps to hold the product to the patient. |
| Financial Overview |
| For the three months ended 30 June 2024, Modular Medical Inc revenues was not reported. Net loss increased 11% to $4.1M. Higher net loss reflects Innovative insulin pump segment loss increase of 13% to $4.2M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.22 to -$0.12. |
| Employees: | 39 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $67.89M as of Jun 30, 2024 |
| Annual revenue (TTM): | $0.00M as of Jun 30, 2024 |
| EBITDA (TTM): | -$17.43M as of Jun 30, 2024 |
| Net annual income (TTM): | -$17.87M as of Jun 30, 2024 |
| Free cash flow (TTM): | -$16.46M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 32,561,407 as of Aug 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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