SIGA Technologies Inc (SIGA) Q3 2024 Earnings Call Highlights: Strong Procurement Orders and ...

GuruFocus.com11-08

Procurement Orders: $122 million secured in Q3 2024. Outstanding Procurement Orders: $146 million at the end of Q3 2024. Product Revenue: $53 million for the nine months ended September 30, 2024. Q3 ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSIGA Technologies Inc (SIGA) Q3 2024 Earnings Call Highlights: Strong Procurement Orders and ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-08 15:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/siga-technologies-inc-siga-q3-073554393.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Procurement Orders: $122 million secured in Q3 2024.\nOutstanding Procurement Orders: $146 million at the end of Q3 2024.\nProduct Revenue: $53 million for the nine months ended September 30, 2024.\nQ3 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/siga-technologies-inc-siga-q3-073554393.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SIGA","symbol_name":"SIGA Technologies Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/siga-technologies-inc-siga-q3-073554393.html","article_id":"2481314975","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/gCKlQZWjCxkBS6Xn.KFqXw--~B/aD01MDA7dz01MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/736dd4932e02361aa8c903085010ceae"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481314975","pubTimestamp":1731051354,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Procurement Orders: $122 million secured in Q3 2024.Outstanding Procurement Orders: $146 million at the end of Q3 2024.Product Revenue: $53 million for the nine months ended September 30, 2024.Q3 Product Revenue: $9 million, including $8 million from US Strategic National Stockpile and $1 million international sales.Pretax Operating Income: $0.5 million for Q3 2024 and $13 million for the nine months ended September 30, 2024.Net Income: $1 million for Q3 2024 and $13 million for the nine months ended September 30, 2024.Fully Diluted Income Per Share: $0.02 for Q3 2024 and $0.19 for the nine months ended September 30, 2024.Cash Balance: $99 million as of September 30, 2024.Dividend Payment: $0.60 per share, totaling $43 million paid to shareholders on April 11, 2024.GuruFocus has detected 3 Warning Signs with SIGA.SIGA Technologies Inc  secured $122 million in procurement orders in the third quarter, sustaining strong business momentum.A: The manufacturing process for IV TPOXX is more c","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SIGA":"SIGA Technologies Inc"},"translate_title":"SIGA Technologies Inc(SIGA)2024年第三季度收益看涨期权亮点：强劲的采购订单和……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIGA":1},"content_text":"Procurement Orders: $122 million secured in Q3 2024.\nOutstanding Procurement Orders: $146 million at the end of Q3 2024.\nProduct Revenue: $53 million for the nine months ended September 30, 2024.\nQ3 Product Revenue: $9 million, including $8 million from US Strategic National Stockpile and $1 million international sales.\nResearch and Development Revenue: $1 million for Q3 2024 and $4 million for the nine months ended September 30, 2024.\nPretax Operating Income: $0.5 million for Q3 2024 and $13 million for the nine months ended September 30, 2024.\nNet Income: $1 million for Q3 2024 and $13 million for the nine months ended September 30, 2024.\nFully Diluted Income Per Share: $0.02 for Q3 2024 and $0.19 for the nine months ended September 30, 2024.\nCash Balance: $99 million as of September 30, 2024.\nDividend Payment: $0.60 per share, totaling $43 million paid to shareholders on April 11, 2024.\n\n\nWarning! GuruFocus has detected 3 Warning Signs with SIGA.\n\nRelease Date: November 07, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nSIGA Technologies Inc (NASDAQ:SIGA) secured $122 million in procurement orders in the third quarter, sustaining strong business momentum.\nThe company has a diverse mix of revenue sources, including significant sales to the US strategic national stockpile and international markets.\nOutstanding procurement orders at the end of the third quarter were $146 million, positioning SIGA for substantial future revenues.\nSIGA is in ongoing discussions with government officials to secure a new contract for TPOXX, enhancing long-term earnings potential.\nThe company has licensed a portfolio of monoclonal antibodies from Vanderbilt University, expanding its pipeline and offering new growth opportunities.\n\n Negative Points \n\nThe manufacturing process for IV TPOXX is more complex and requires longer lead times, potentially delaying deliveries.\nThere are uncertainties regarding the timing of necessary steps for securing new contracts due to anticipated changes in the federal government.\nThe recent trial for mpox treatment did not meet its primary endpoint, indicating challenges in demonstrating TPOXX's efficacy for this indication.\nThere are reports of some mpox patients developing resistance to TPOXX, although the incidence remains low.\nThe exact timing for the clinical development of the newly licensed monoclonal antibodies is still uncertain.\n\n Q & A Highlights \nQ: What are the reasons for the protracted deliveries of IV TPOXX compared to oral TPOXX? Are there supply chain constraints, and when can we expect orders for IV TPOXX to be delivered? A: The manufacturing process for IV TPOXX is more complex than for oral TPOXX, involving different vendors and raw materials, leading to longer lead times. Deliveries are also dependent on customer preferences. Deliveries have started and will continue into 2025. - Diem Nguyen, CEO\nQ: Can you provide insights into the internationalization efforts following the amendment with Meridian? What opportunities or challenges are you seeing? A: The amendment has allowed SIGA to bring international marketing and sales in-house, enhancing control and customer relationships. The recent sale to Africa is a positive start, and no challenges have been experienced in this transition. - Diem Nguyen, CEO\nQ: Could you provide more details on the new preclinical program licensed from Vanderbilt? When might it enter clinical studies, and will it be developed as a monotherapy or combination therapy with TPOXX? A: The monoclonal antibody portfolio from Vanderbilt has potential for treating a broad spectrum of orthopox viruses. It could be used as a standalone treatment or in combination with TPOXX. The DOD is funding its development through phase one, but it's premature to discuss timing for clinical studies. - Diem Nguyen, CEO\nQ: There have been reports of mpox patients being resistant to TPOXX. Is this a concern for SIGA? A: Resistance remains low, at less than 1% in the patient population, primarily in immunocompromised patients. The recent CDC report noted resistance in a small sample, but lacked comprehensive data. DNA viruses like smallpox and mpox mutate less easily than RNA viruses, contributing to low resistance levels. - Diem Nguyen, CEO\nQ: When can we expect the latest order from the Department of Defense to be delivered? A: Deliveries under the Department of Defense contract have already started and will continue into 2025. - Diem Nguyen, CEO\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481314975"}