SIGA Technologies Q2 revenue, profit drop as contract ends - SIGA News | RalliesSIGA Technologies Q2 revenue, profit drop as contract ends
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SIGA• Analyst coverage
- The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 8 three months ago
Outlook not provided
- SIGA Technologies did not provide specific guidance or outlook in the press release
Revenue drivers and key details
- PRODUCT DELIVERIES - Q2 results driven by $24 mln IV TPOXX sales to U.S. stockpile and $13 mln oral TPOXX sales to international customers
- CONTRACT COMPLETION - Completion of last procurement order under U.S. 19C contract affected quarterly results
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Net Income | | $12.50 mln | |
Q2 revenue and profit fall sharply
- U.S. infectious disease drugmaker's Q2 revenue and net income fell sharply yr/yr
- Lower Q2 results reflect completion of last procurement order under U.S. 19C contract
