earnings
confidence high
sentiment negative
materiality 0.75
SIGA reports Q3 revenue drop to $4.8M, net loss of $3.1M; secures $113M BARDA order for Q4
SIGA TECHNOLOGIES INC
2021-Q3 EPS reported
-$0.05
revenue$18,313,206
- Total revenues $4.8M in Q3 2021 vs $44.3M in Q3 2020; net loss $3.1M ($0.04 diluted loss) vs net income $24.2M ($0.31 diluted EPS).
- Nine months 2021: revenues $18.3M, net loss $3.8M ($0.05 diluted loss) vs prior year revenues $87.2M, net income $36.2M ($0.45 diluted EPS).
- BARDA exercised procurement option for oral TPOXX worth ~$113M; delivery targeted for Q4 2021, nearly 30% delivered in October.
- Board authorized new $50M share repurchase program through Dec 2023; repurchased 1.1M shares for $7.1M in Q3.
- International sales nine months $13M, >4x increase vs 2020; working on new foreign order similar to Canada initial orders.