Overview

* SIGA ( SIGA ) Q3 revenue declines to $2.6 mln vs $10 mln yr ago, posts a net loss compared to a profit last year

* Company attributes revenue decline to lower product sales, especially TPOXX deliveries

* SIGA ( SIGA ) focuses on securing new procurement contracts for future revenue growth

Outlook

* SIGA ( SIGA ) focuses on securing new procurement contracts for future revenue growth

Result Drivers

* LOWER PRODUCT SALES - Significant decline in Q3 revenue attributed to reduced TPOXX deliveries

* U.S. GOVERNMENT CONTRACTS - $53 mln oral TPOXX and $26 mln IV TPOXX revenues from U.S. Strategic National Stockpile deliveries

* INTERNATIONAL SALES - $6 mln oral TPOXX sale to international customer, marking fifth sale in six years

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$6.40

Income mln

Analyst Coverage

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)