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 medical device company. The Company is focused on the design, development, and commercialization of insulin pumps using technology to increase pump adoption in the diabetes marketplace. The Company's 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 baseplate 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 six months ended 30 September 2024, Modular Medical Inc revenues was not reported. Net loss increased 15% to $9.1M. Higher net loss reflects Innovative insulin pump segment loss increase of 16% to $9.2M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.40 to -$0.27. |
| Employees: | 39 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $45.31M as of Sep 30, 2024 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2024 |
| EBITDA (TTM): | -$18.08M as of Sep 30, 2024 |
| Net annual income (TTM): | -$18.64M as of Sep 30, 2024 |
| Free cash flow (TTM): | -$16.77M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 40,665,220 as of Jan 17, 2025 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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