Mar 31, 2021

SIGA Technologies Q1 2021 Earnings Report

SIGA Technologies' financial performance was mixed, with increased international sales offset by operating losses.

Key Takeaways

SIGA Technologies reported a positive trend in international sales, with approximately $3 million of oral TPOXX® delivered to the Public Health Agency of Canada in the first quarter. Total revenues increased to $4.8 million compared to $2.6 million in the same period last year. The company's operating loss was $(2.0) million, and its net loss was $(0.8) million, with a diluted loss per share of $(0.02).

Total revenues increased to $4.8 million compared to $2.6 million year-over-year.

Approximately $3 million of oral TPOXX® was delivered to the Public Health Agency of Canada in Q1.

Operating loss was $(2.0) million, an improvement from $(4.0) million in the prior year.

The company filed a new drug application with the FDA for the intravenous formulation of TPOXX.

Total Revenue
$4.81M
Previous year: $2.62M
+83.7%
EPS
-$0.02
Previous year: -$0.05
-60.0%
Shares Repurchased
1M
Gross Profit
$2.26M
Previous year: -$639K
-453.5%
Cash and Equivalents
$107M
Previous year: $77.4M
+37.7%
Total Assets
$139M
Previous year: $119M
+17.0%

SIGA Technologies

SIGA Technologies

SIGA Technologies Revenue by Segment

Forward Guidance

SIGA Technologies anticipates BARDA sales to be concentrated in the second half of 2021, while international sales are expected to be concentrated in the first half of 2021.

Revenue & Expenses

Visualization of income flow from segment revenue to net income