Modular Medical, Inc. financial data

Symbol
MODD on Nasdaq
Location
16772 West Bernardo Drive, San Diego, CA
State of incorporation
NV
Fiscal year end
March 31
Former names
BEAR LAKE RECREATION INC (to 5/25/2017)
Latest financial report
10-Q - Q2 2024 - Aug 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 447 % -54.3%
Debt-to-equity 28.1 % +74.8%
Return On Equity 36.4 % -90.7%
Return On Assets 33.6 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 32.5M shares +54.3%
Common Stock, Shares, Outstanding 32.6M shares +54.4%
Entity Public Float 18M USD -21%
Common Stock, Value, Issued 32K USD +52.4%
Weighted Average Number of Shares Outstanding, Basic 33.9M shares +98.2%
Weighted Average Number of Shares Outstanding, Diluted 33.9M shares +98.2%

Income Statement

Label TTM Value / Value Unit Change %
Research and Development Expense 13.3M USD +38.6%
General and Administrative Expense 4.68M USD +3.52%
Operating Income (Loss) -18M USD -27.4%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -5.27M USD -56.9%
Income Tax Expense (Benefit) 2K USD 0%
Net Income (Loss) Attributable to Parent -4.14M USD -10.7%
Earnings Per Share, Basic -0.68 USD/shares +36.4%
Earnings Per Share, Diluted -0.68 USD/shares +34.6%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 9.23M USD +143%
Other Assets, Current 958 USD -61.2%
Assets, Current 5.41M USD -47.2%
Property, Plant and Equipment, Net 3.62M USD +77.8%
Operating Lease, Right-of-Use Asset 1.05M USD -25%
Assets 10.1M USD -26.3%
Accounts Payable, Current 461 USD -2.54%
Employee-related Liabilities, Current 304K USD
Accrued Liabilities, Current 495K USD +150%
Liabilities, Current 1.34M USD +32.9%
Operating Lease, Liability, Noncurrent 714K USD -35.1%
Liabilities 2.06M USD -2.56%
Retained Earnings (Accumulated Deficit) -70.1M USD -34.2%
Stockholders' Equity Attributable to Parent 8.02M USD -30.6%
Liabilities and Equity 10.1M USD -26.3%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -3.55M USD -10.6%
Net Cash Provided by (Used in) Financing Activities 210K USD +2058%
Net Cash Provided by (Used in) Investing Activities -842K USD -126%
Common Stock, Shares Authorized 100M shares +100%
Common Stock, Shares, Issued 32.6M shares +54.4%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 6.15M USD +33.2%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 5.05M USD -49.2%
Deferred Tax Assets, Valuation Allowance 19.2M USD +29.6%
Deferred Tax Assets, Gross 19.5M USD +29.8%
Operating Lease, Liability 1.1M USD -33.5%
Payments to Acquire Property, Plant, and Equipment 842K USD +126%
Lessee, Operating Lease, Liability, to be Paid 1.22M USD -15.6%
Property, Plant and Equipment, Gross 4.48M USD +90.4%
Operating Lease, Liability, Current 386K USD +13.9%
Lessee, Operating Lease, Liability, to be Paid, Year Two 405K USD -10.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 470K USD +43.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 115K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 405K USD -13.9%
Deferred Tax Assets, Operating Loss Carryforwards 10.9M USD +24.2%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 405K USD
Operating Lease, Payments 112K USD -24.8%
Additional Paid in Capital 78.1M USD +22.5%
Preferred Stock, Shares Outstanding 0 shares
Operating Leases, Future Minimum Payments, Due in Two Years 39.5K USD +3%
Share-based Payment Arrangement, Expense 11K USD
Operating Leases, Future Minimum Payments, Due in Three Years 40.7K USD -74.3%
Operating Leases, Future Minimum Payments Due 77.7K USD -64.2%
Interest Expense 2.75M USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%