Modular Medical, Inc. financial data

Symbol
MODD on Nasdaq
Industry
Surgical & Medical Instruments & Apparatus
Location
16772 West Bernardo Drive, San Diego, California
State of incorporation
Nevada
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%