Modular Medical, Inc.

Analysis for Ticker: MODD

Modular Medical, Inc (MODD) is a company that designs medical devices to help adults with diabetes use insulin pumps more easily. But their own financial papers show they are not really in the business of selling pumps; they are in the business of selling their own stock to keep a dying machine running. As of 02/2026, the company has managed to burn through a total of 106,6$ million that is gone forever. Imagine a group of friends starts a lemonade stand; they never actually sell any lemonade, but they keep selling "pieces" of the stand to strangers so they can pay themselves high salaries and rent a fancy umbrella. That is the state of this business, which is losing 21,9$ million over a nine month period while making zero money from its actual products.