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MODD (Modular Medical) Gross Profit : $0.00 Mil (TTM As of Dec. 2024)


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What is Modular Medical Gross Profit?

Modular Medical's gross profit for the three months ended in Dec. 2024 was $0.00 Mil. Modular Medical's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $0.00 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Modular Medical's gross profit for the three months ended in Dec. 2024 was $0.00 Mil. Modular Medical's Revenue for the three months ended in Dec. 2024 was $0.00 Mil. Therefore, Modular Medical's Gross Margin % for the quarter that ended in Dec. 2024 was N/A%.

Modular Medical had a gross margin of N/A% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage


Modular Medical Gross Profit Historical Data

The historical data trend for Modular Medical's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Modular Medical Gross Profit Chart

Modular Medical Annual Data
Trend Jun15 Jun16 Jun17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Profit
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Modular Medical Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Competitive Comparison of Modular Medical's Gross Profit

For the Medical Devices subindustry, Modular Medical's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Modular Medical's Gross Profit Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Modular Medical's Gross Profit distribution charts can be found below:

* The bar in red indicates where Modular Medical's Gross Profit falls into.


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Modular Medical Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Modular Medical's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as

Gross Profit (A: Mar. 2024 )=Revenue - Cost of Goods Sold
=0 - 0
=0.00

Modular Medical's Gross Profit for the quarter that ended in Dec. 2024 is calculated as

Gross Profit (Q: Dec. 2024 )=Revenue - Cost of Goods Sold
=0 - 0
=0.00

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Gross Profit is the numerator in the calculation of Gross Margin. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Modular Medical's Gross Margin % for the quarter that ended in Dec. 2024 is calculated as

Gross Margin % (Q: Dec. 2024 )=Gross Profit (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.00 / 0
=N/A %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Modular Medical  (NAS:MODD) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Modular Medical had a gross margin of N/A% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage


Modular Medical Gross Profit Related Terms

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Modular Medical Business Description

Traded in Other Exchanges
N/A
Address
10470 Thornmint Road, San Diego, CA, USA, 92127
Modular Medical Inc is a development stage medical device company which focuses on the design, development, and commercialization of insulin pumps using modernized technology to increase pump adoption in the diabetes marketplace. The company's products seek to serve both the type 1 and the rapidly growing, especially in terms of device adoption, type 2 diabetes markets.
Executives
Manchester Management Co Llc 10 percent owner 3 WEST HILL PLACE, BOSTON MA 02110
Philip Brent Sheibley director C/O MODULAR MEDICAL, INC., 16772 W. BERNARDO DRIVE, SAN DIEGO CA 92127
Jeb Partners, L.p. other: Director by Deputization MANCHESTER MANAGEMENT COMPANY, L.L.C, 3 WEST HILL PLACE, BOSTON MA 02114
Kevin Schmid officer: Chief Operating Officer 8 EAGLES NEST LANE, BEDFORD MA 01921
Paul Diperna director, 10 percent owner, officer: See Remarks 16772 W BERNARDO DRIVE, RANCHO BERNARDO CA 92127
Carmen B Volkart director C/O MODULAR MEDICAL, INC., 16772 WEST BERNARDO DRIVE, SAN DIEGO CA 92127
Duane M Desisto director INSULET CORPORATION, 9 OAK PARK DRIVE, BEDFORD MA 01730
Ellen O'connor Vos director C/O NTELOS HOLDINGS CORP., 1154 SHENANDOAH VILLAGE DRIVE, WAYNESBORO VA 22980
Steven G Felsher director C/O SITO MOBILE, LTD.,, 100 TOWN SQUARE PLACE, STE 204, JERSEY CITY NJ 07310
Morgan C. Frank 10 percent owner 2 CALLE NAIRN, UNIT 701, SAN JUAN PR 00907
Paul Diperna Irrevocable Trust other: See Footnote(1) 16772 WEST BERNARDO DRIVE, SAN DIEGO CA 92127
Stephen Edward Daly officer: Chief Commercial Officer 2090 DIPINTO ROAD, HENDERSON NV 89052
William J Febbo director 600 CALIFORNIA ST., 9TH FLOOR, SAN FRANCISCO CA 94108
Liam Burns director C/O MODULAR MEDICAL, INC., 800 W. VALLEY PARKWAY, SUITE 203, ESCONDIDO CA 92025
James E Besser 10 percent owner 3 WEST HILL PLACE, BOSTON MA 02114