Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from Modular Medical ( (MODD) ).
On March 12, 2026, Modular Medical, Inc. carried out a workforce reduction affecting 20 employees, or about 29% of its staff, as part of a plan to cut operating expenses and cash burn while concentrating on higher-return projects. The company expects the layoffs to lower annual operating costs by roughly $3.4 million, with one-time severance-related charges estimated at $0.1 million to $0.2 million, mostly incurred by the quarter ending June 30, 2026, though actual expenses may differ from these estimates.
More about Modular Medical
Modular Medical, Inc. operates in the medical technology sector, focusing on developing products and solutions for healthcare applications. The company’s efforts center on advancing its key projects while managing operating expenses and cash burn to support its long-term business priorities and investment strategy.
Average Trading Volume: 786,317
Technical Sentiment Signal: Sell
Current Market Cap: $31.32M
See more data about MODD stock on TipRanks’ Stock Analysis page.