SIGA Technologies Q3 net loss narrows on international sales
SIGA•SIGA Technologies reported a third-quarter net loss of $2.9 million, narrower than a year earlier, while revenue and product sales declined year over year. It delivered $13 million of oral TPOXX to two international customers in the first nine months and received a $15 million Canadian contract in October.
1. Quarterly results
SIGA Technologies reported a third-quarter net loss of $2.9 million, narrowing from the year-ago period, while revenue and product sales declined year over year. The company delivered $13 million of oral TPOXX to two international customers in the first nine months and completed final IV TPOXX deliveries to the U.S. Strategic National Stockpile under its 19C contract.
2. Contract and outlook
In October, SIGA was awarded a $15 million oral TPOXX contract from the Canadian Department of National Defence, including firm commitments of about $9 million over three years. The company said it is pursuing additional international government contracts and continues to seek a new TPOXX procurement contract with the U.S. government.
