Modular Medical, Inc.
MODDNasdaqHealthcare · Surgical & Medical Instruments & Apparatus · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | −$19.0M | −$17.5M | −$13.9M | −$14.9M | −$7.3M | −$5.3M |
| Net income | −$18.8M | −$17.5M | −$13.9M | −$18.6M | −$7.4M | −$5.3M |
| Total assets | $18.7M | $13.8M | $7.2M | $9.8M | $2.2M | $3.9M |
| Total liabilities | $1.7M | $2.3M | $2.2M | $1.0M | $3.5M | $980,129 |
| Equity | $17.1M | $11.5M | $5.1M | $8.8M | −$1.3M | $2.9M |
| EPS (diluted) | $-0.51 | $-0.78 | $-1.15 | $-2.74 | — | — |
| Shares out. | 54.2M | 32.5M | 21.1M | 10.9M | 19.0M | 18.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −110.2%
- Return on assets
- −100.5%
- Return on capital (ROCE)
- −109.0%
- Liabilities / assets
- 8.8%
- Debt / equity
- 0.10×
- Book value / share
- $0.31
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -6.48distress
- Accruals / assets
- −16.6%clean
- Piotroski F-Score
- 4/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 1 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 14, 2018
- NT 10-Kmissed a reporting deadline ↗Sep 28, 2017
- NT 10-Qmissed a reporting deadline ↗May 15, 2017
- NT 10-Kmissed a reporting deadline ↗Sep 29, 2005
- NT 10-Qmissed a reporting deadline ↗May 15, 2002
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Solas Capital Management, LlcPassive (13G)May 15, 2026
- 683 Capital Management, LlcPassive (13G)May 15, 2026
- Bard Associates IncPassive (13G)May 13, 2026
- Awm Investment Company, Inc.Passive (13G)May 4, 2026
- Pathfinder Asset Management LtdPassive (13G)Mar 23, 2026
- Alyeska Investment Group, L.P.Passive (13G)Aug 14, 2025
- Manchester Management Co LlcActivist (13D)Apr 7, 2025
- Sio Capital Management, LlcPassive (13G)Feb 10, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Felsher Steven GDirector | Mar 31, 2026 | Grant | 25 | — |
| Desisto Duane MDirector | Mar 31, 2026 | Grant | 83 | — |
| Volkart Carmen BDirector | Mar 31, 2026 | Grant | 103 | — |
| Desisto Duane MDirector | Dec 31, 2025 | Grant | 2,500 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 127,130 | 7.0 | +23.8% |
| Apr 30, 2026 | 102,667 | 3.1 | -16.0% |
| Apr 15, 2026 | 122,225 | 1.2 | +103.1% |
| Mar 31, 2026 | 60,170 | 1.0 | -96.2% |
| Mar 13, 2026 | 1.6M | 1.0 | +412.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer changeMay 20, 2026
- Entered a material agreement · Other material eventApr 21, 2026
- Other material eventApr 16, 2026
- Modified shareholder rights · Amended charter or bylaws · Other material eventMar 31, 2026
- Other material eventMar 13, 2026
- Entered a material agreement · Regulation FD disclosureMar 6, 2026
- Entered a material agreement · New financial obligationFeb 24, 2026
- Modified shareholder rights · Amended charter or bylaws · Shareholder voteJan 23, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KCURRENT REPORTMay 20, 2026
- 4May 18, 2026
- 4May 18, 2026
- SCHEDULE 13G/AMay 15, 2026
- SCHEDULE 13G/AMay 15, 2026
- SCHEDULE 13G/AMay 13, 2026
- EFFECTMay 5, 2026
- SCHEDULE 13GMay 4, 2026
- S-3REGISTRATION STATEMENTApr 23, 2026
- 8-KCURRENT REPORTApr 21, 2026
- 424B5PROSPECTUS SUPPLEMENTApr 21, 2026
- 8-KCURRENT REPORTApr 16, 2026
- 4Apr 9, 2026
- 4Apr 8, 2026
- 4Apr 8, 2026
Event-driven situations (1)
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