MODD

Modular Medical, Inc.

Nasdaq · Surgical & Medical Instruments & Apparatus · EDGAR filings (CIK 1074871) · 3 signals · 1 setups · updated Aug 16, 2026

What the filings say Pressure ▼

The filings point to a discounted equity raise ahead — dilution for existing holders. Next thing to watch: a 424B or offering 8-K.

Radar 67 (elevated attention) · dilution pressure elevated · listing risk low · governance risk low · runway 2.0 mo · strongest signal: Runway < 6 months (Jun 30, 2026)

What would confirm: 424B5/8-K announcing an offering, ATM sales disclosed in next 10-Q, or Form 4 sales by insiders ahead of it.
What would prove it wrong: Non-dilutive cash event (asset sale, grant, milestone payment), OCF turning positive, or shelf withdrawn (RW).

Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.

67Radar · attention score (0–100)

60Dilution pressure · financing + balance sheet

0Listing risk · exchange standards

36Governance risk · reporting, auditor, going concern

Setups

Independent filings stitched into a thesis, each with what would confirm and what would prove it wrong.

Forced-raise setup Pressure ▼ strength 0.85

The filings point to a discounted equity raise ahead — dilution for existing holders. Next thing to watch: a 424B or offering 8-K. Cash need (going-concern language, runway < 6 months) coexists with live selling machinery (shelf filed). Base case is a discounted raise; the question is when, not if.

Would confirm: 424B5/8-K announcing an offering, ATM sales disclosed in next 10-Q, or Form 4 sales by insiders ahead of it.
Would invalidate: Non-dilutive cash event (asset sale, grant, milestone payment), OCF turning positive, or shelf withdrawn (RW).

Going-concern languageRunway < 6 monthsShelf filed

Analyst note

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Alerts

One email the morning MODD files anything that matches your rules (types, minimum score, setups).

12-month history

Every signal and setup for MODD back a year, not just 30 days — see how the current setup built.

Full analyst notes

What we noticed, evidence with links, what could prove us wrong, red-team caveats.

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Balance sheet (XBRL)

$3.9Mcash + short-term investments as of Jun 30, 2026

2.0 moestimated runway (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts])

$10.8Mstockholders' equity as of Jun 30, 2026

$37.5Mpublic float (10-K cover)

8.2Mshares outstanding as of Aug 14, 2026 · was 5,413.2M Jun 22, 2026

Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 47 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.

Signal timeline

Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.

Date	Signal	Evidence	Score
Aug 14, 2026	▼ Going-concern language	“going concern periodic” language in 10-Q (10-Q) filed 2026-08-14 filing	36
Aug 5, 2026	▼ Shelf filed	S-3 filed 2026-08-05 filing	32
Jun 30, 2026	▼ Runway < 6 months	~2.0 months runway: liquidity $3,920,000 as of 2026-06-30, burn $23,753,000/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing	46

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