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Modular Medical, Inc.

corporate_fare Company Profile

Modular Medical, Inc.

MODD·NASDAQ·Life Sciences·CIK 0001074871

Modular Medical, Inc. is a medical device company that designs, develops, and commercializes innovative insulin pumps. The company focuses on using modernized technology to increase pump adoption in the diabetes marketplace. Modular Medical aims to alter the trade-offs between cost, complexity, and access to high standards of care through an innovative two-part patch pump. This approach seeks to simplify the user experience from initial product introduction, prescription assistance, insurance reimbursement, streamlined training, and day-to-day use with clinical support. The company intends to expand the wearable insulin delivery device market beyond highly motivated "super users" into the mass market. Its products target both type 1 and type 2 diabetes markets for individuals requiring multiple daily doses of insulin. In January 2024, Modular Medical submitted a 510(k) premarket notification to the United States Food and Drug Administration (FDA) for its initial insulin pump product, the MODD1. In September 2024, the company received FDA clearance to market and sell the MODD1 pump in the United States. In August 2025, Modular Medical announced the first human use of its MODD1 pump delivering insulin to a human patient. Also in August 2025, the company announced its next-generation patch pump, branded as Pivot™, and began converting its cartridge manufacturing line to Pivot production. The Pivot product is a tubeless insulin delivery system that integrates the infusion set under the removable pump into a true tubeless patch. The Pivot is expected to provide cost and usability improvements and improved manufacturability. Modular Medical submitted a 510(k) premarket notification to the FDA for its Pivot product in November 2025, and in April 2026, received FDA clearance to market and sell the Pivot pump in the United States. The company does not intend to commercialize its MODD1 product.

Modular Medical, Inc. (NASDAQ:MODD) is a publicly traded company in the Life Sciences sector. Wiseek monitors MODD SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

  • Modular Medical's FY26 Loss Widens to $28.2M, Raising Going Concern Doubts
  • Annual Report Highlights Severe Liquidity Crisis, Going Concern Doubt, and Massive Potential Dilution Amidst Product Launch
  • Modular Medical Files New $150M Universal Shelf, Establishes $100M At-The-Market Offering Program Amidst Liquidity Crisis
  • Modular Medical Secures $3.375M in Registered Direct Offering to Address Liquidity Crisis
  • Modular Medical Finalizes $2.9M Direct Offering to Fund Operations and Pivot Pump Commercialization

Financial Snapshot

Fiscal year ended March 31, 2026
Net Income
-$28.24M
Diluted EPS
-$12.36
Op. Cash Flow
-$23.75M
Free Cash Flow
-$27.68M
Operating Income
-$27.56M
Cash & Equivalents
$6.94M
Debt / Equity
0.00×
Shares Outstanding
4.66M sh
Source: 10-K · filed 2026-06-29 · accession 0001213900-26-073223

Dilution Risk

Moderate risk

Filing-implied dilution signals for MODD, detected from its recent SEC filings · based on capital-structure filings through 2026-06-29.

2 recent capital raisesATM program2 shelf registrations

Direct Offering Finalized · Addresses Immediate Liquidity Needs

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

Recent Capital Actions

  • 2026-03-25 Executed Long-term debt ↑ +$350K

    are and located at 2 Calle Candina, No. 1701, San Juan, Puerto Rico 00907, or its successors or assigns (the “Lender”), the amount then outstanding hereunder but not to exceed the principal amount of Three hundred and…

  • 2026-03-25 Executed Total debt ↑ +$350K

    are and located at 2 Calle Candina, No. 1701, San Juan, Puerto Rico 00907, or its successors or assigns (the “Lender”), the amount then outstanding hereunder but not to exceed the principal amount of Three hundred and…

  • 2026-02-23 Executed Long-term debt ↓ −$350K

    ies have caused this Note to be executed on and as of as of the date first written above. Borrower By: /s/ Paul DiPerna Name: Paul DiPerna Title: President Date: February 23, 2026 Principal Amount: Up To $350,000…

  • 2026-02-23 Executed Total debt ↓ −$350K

    ies have caused this Note to be executed on and as of as of the date first written above. Borrower By: /s/ Paul DiPerna Name: Paul DiPerna Title: President Date: February 23, 2026 Principal Amount: Up To $350,000…

Detected from SEC filings (8-K, S-4, POS AM, 6-K). Last 12 months.
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$2.31
52-week range · as of 2026-06-29 $2.31 – $30
Market cap
$12.5M
Volume
79.1K (0.5× avg)
3-mo avg 166.5K
Live data · 2026-07-28 06:37 UTC · Market overnight

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feed MODD - Latest Insights

MODD
Jun 29, 2026, 5:25 PM EDT
Source: Wiseek News
Importance Score:
9
Price at Filing: $4.95
Real-time Price: $2.31 info
Change: -$2.64 (-53%) info
Market Cap: $12.504M info
MODD
Jun 29, 2026, 5:24 PM EDT
Filing Type: 10-K
Importance Score:
9
Price at Filing: $4.95
Real-time Price: $2.31 info
Change: -$2.64 (-53%) info
Market Cap: $12.504M info
MODD
Apr 23, 2026, 8:00 AM EDT
Filing Type: S-3
Importance Score:
9
Price at Filing: $5.07
Real-time Price: $2.31 info
Change: -$2.76 (-54%) info
Market Cap: $12.504M info
MODD
Apr 21, 2026, 12:20 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $5.16
Real-time Price: $2.31 info
Change: -$2.85 (-55%) info
Market Cap: $12.504M info
MODD
Apr 21, 2026, 12:15 PM EDT
Filing Type: 424B5
Importance Score:
8
Price at Filing: $5.16
Real-time Price: $2.31 info
Change: -$2.85 (-55%) info
Market Cap: $12.504M info
MODD
Apr 19, 2026, 7:50 PM EDT
Source: Access Newswire
Importance Score:
8
Price at Filing: $5.90
Real-time Price: $2.31 info
Change: -$3.59 (-61%) info
Market Cap: $12.504M info
MODD
Apr 16, 2026, 8:00 AM EDT
Source: Access Newswire
Importance Score:
7
Price at Filing: $4.89
Real-time Price: $2.31 info
Change: -$2.58 (-53%) info
Market Cap: $12.504M info
MODD
Apr 09, 2026, 9:00 AM EDT
Source: Access Newswire
Importance Score:
9
Price at Filing: $5.49
Real-time Price: $2.31 info
Change: -$3.18 (-58%) info
Market Cap: $12.504M info
MODD
Mar 31, 2026, 4:35 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $5.15
Real-time Price: $2.31 info
Change: Reverse Stock Split info
Market Cap: $12.504M info
MODD
Mar 13, 2026, 5:37 PM EDT
Source: Reuters
Importance Score:
9
Price at Filing: $0.2107
Real-time Price: $2.31 info
Change: Reverse Stock Split info
Market Cap: $12.504M info
MODD
Mar 13, 2026, 4:00 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $0.2213
Real-time Price: $2.31 info
Change: Reverse Stock Split info
Market Cap: $12.504M info
MODD
Mar 06, 2026, 4:16 PM EST
Filing Type: 8-K
Importance Score:
7
Price at Filing: $0.1891
Real-time Price: $2.31 info
Change: Reverse Stock Split info
Market Cap: $12.504M info
MODD
Mar 04, 2026, 11:53 AM EST
Filing Type: 424B4
Importance Score:
9
Price at Filing: $0.1711
Real-time Price: $2.31 info
Change: Reverse Stock Split info
Market Cap: $12.504M info
MODD
Mar 03, 2026, 9:28 AM EST
Source: Acceswire
Importance Score:
9
Price at Filing: $0.1398
Real-time Price: $2.31 info
Change: Reverse Stock Split info
Market Cap: $12.504M info
MODD
Feb 27, 2026, 11:38 AM EST
Filing Type: S-1
Importance Score:
8
Price at Filing: $0.4426
Real-time Price: $2.31 info
Change: Reverse Stock Split info
Market Cap: $12.504M info
MODD
Feb 24, 2026, 8:31 AM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $0.4871
Real-time Price: $2.31 info
Change: Reverse Stock Split info
Market Cap: $12.504M info
MODD
Feb 17, 2026, 4:00 PM EST
Filing Type: 10-Q
Importance Score:
10
Price at Filing: $0.4583
Real-time Price: $2.31 info
Change: Reverse Stock Split info
Market Cap: $12.504M info
MODD
Jan 23, 2026, 5:00 PM EST
Filing Type: 8-K
Importance Score:
9
Price at Filing: $0.4667
Real-time Price: $2.31 info
Change: Reverse Stock Split info
Market Cap: $12.504M info
MODD
Jan 08, 2026, 7:30 AM EST
Filing Type: DEF 14A
Importance Score:
9
Price at Filing: $0.4341
Real-time Price: $2.31 info
Change: Reverse Stock Split info
Market Cap: $12.504M info