Overview
SIGA Q3 revenue declines to $2.6 mln vs $10 mln yr ago, posts a net loss compared to a profit last year
Company attributes revenue decline to lower product sales, especially TPOXX deliveries
SIGA focuses on securing new procurement contracts for future revenue growth
Outlook
SIGA focuses on securing new procurement contracts for future revenue growth
Result Drivers
LOWER PRODUCT SALES - Significant decline in Q3 revenue attributed to reduced TPOXX deliveries
U.S. GOVERNMENT CONTRACTS - $53 mln oral TPOXX and $26 mln IV TPOXX revenues from U.S. Strategic National Stockpile deliveries
INTERNATIONAL SALES - $6 mln oral TPOXX sale to international customer, marking fifth sale in six years
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | -$6.40 mln |
Analyst Coverage
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 5 three months ago
Press Release: ID:nGNX7g5NW3
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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