Why did MODD's EPS remain stagnant in recent quarters?

The EPS of Modular Medical (MODD) remained relatively stable in recent quarters, despite fluctuations in net income, due to several key factors:

1. **Revenue Growth**: Although MODD's revenue growth rate was positive at 8.83%, it did not significantly impact the EPS due to the company's high expenses. This indicates that the additional revenue was absorbed by increased costs or investments, rather than leading to a significant improvement in profitability.
2. **Expense Management**: The company's net income growth rate was 8.83%, which suggests that while revenue increased, so did the expenses. This could be due to operational costs, research and development, or other factors. Without a significant decrease in expenses, the net income growth does not necessarily translate to a higher EPS.
3. **Diluted EPS Calculation**: The calculation of diluted EPS takes into account the total number of shares outstanding, which can dilute the EPS if new shares are issued. The fact that MODD's diluted EPS remained stagnant could be due to the company issuing new shares or options, which would dilute the EPS even if net income increased.

In summary, while MODD has seen some growth in revenue and net income, the EPS has remained relatively stable due to the absorption of additional revenue by increased expenses and the dilution from share issuance.