secwatch.observer — SEC 8-K summary
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Issuer:     SIGA TECHNOLOGIES INC (SIGA)
CIK:        0001010086
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001140361-21-036567
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SIGA reports Q3 revenue drop to $4.8M, net loss of $3.1M; secures $113M BARDA order for Q4
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1010086/000114036121036567/0001140361-21-036567-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1010086/000114036121036567/brhc10030432_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-036567

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