|
|
|
(State or other jurisdiction of incorporation or organization)
|
(Commission file number)
|
(I.R.S. employer identification no.)
|
|
||
|
|
|
(Address of principal executive offices)
|
(Zip code)
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
|
|
|
Item 2.02 |
Results of Operations and Financial Condition.
|
Item 9.01 |
Financial Statements and Exhibits.
|
Exhibit
No.
|
Description
|
Earnings Press Release, dated August 8, 2023.
|
|
104
|
Cover Page Interactive Data File (embedded within the Inline XBRL document).
|
|
SIGA TECHNOLOGIES, INC.
|
|
|
|
|
|
By:
|
/s/ Daniel J. Luckshire
|
|
Name:
|
Daniel J. Luckshire
|
|
Title:
|
Chief Financial Officer
|
|
|
|
Date: August 8, 2023
|
|
|
Three Months
Ended June 30, 2023
|
Three Months
Ended June 30,
2022
|
|||
Total Revenues
|
$5.9
|
$16.7
|
||
Operating (Loss) Income (1) |
($4.6) |
$3.1 |
||
(Loss) Income before Income Taxes (1) |
($3.4) |
$3.2 |
||
Net (Loss) Income |
($2.9) |
$2.0 |
||
Diluted
(Loss) Income per Share |
($0.04) per share | $0.03 per share |
Six Months
Ended June 30, 2023
|
Six Months
Ended June 30,
2022
|
|||
Total Revenues |
$14.2 |
$27.2 |
||
Operating (Loss) Income (1) |
($6.7) |
$1.6 |
||
(Loss) Income before Income Taxes (1) |
($4.7) |
$2.1 |
||
Net (Loss) Income |
($3.8) |
$1.7 |
||
Diluted (Loss) Income per Share |
($0.05) per share | $0.02 per share |
|
June 30,
2023
|
December 31, 2022
|
||||||
ASSETS
|
||||||||
Current assets
|
||||||||
Cash and cash equivalents
|
$
|
76,213,484
|
$
|
98,790,622
|
||||
Accounts receivable
|
6,026,887
|
45,406,960
|
||||||
Inventory
|
50,497,103
|
39,273,090
|
||||||
Prepaid expenses and other current assets
|
1,560,626
|
2,315,672
|
||||||
Total current assets
|
134,298,100
|
185,786,344
|
||||||
|
||||||||
Property, plant and equipment, net
|
1,605,222
|
1,848,314
|
||||||
Deferred tax asset, net
|
7,591,743
|
6,250,385
|
||||||
Goodwill
|
898,334
|
898,334
|
||||||
Other assets
|
2,117,360
|
252,546
|
||||||
Total assets
|
$
|
146,510,759
|
$
|
195,035,923
|
||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
||||||||
Current liabilities
|
||||||||
Accounts payable
|
$
|
1,081,337
|
$
|
3,355,268
|
||||
Accrued expenses and other current liabilities
|
17,894,986
|
16,852,781
|
||||||
Income tax payable
|
11,822
|
1,309,672
|
||||||
Total current liabilities
|
18,988,145
|
21,517,721
|
||||||
|
||||||||
Other liabilities
|
3,448,558
|
3,358,160
|
||||||
Total liabilities
|
22,436,703
|
24,875,881
|
||||||
Commitments and contingencies
|
||||||||
Stockholders’ equity
|
||||||||
Common stock ($.0001 par value, 600,000,000 shares authorized, 71,082,944 and 72,675,190, issued and outstanding at June 30, 2023
and December 31, 2022, respectively)
|
7,109
|
7,268
|
||||||
Additional paid-in capital
|
234,873,128
|
233,957,767
|
||||||
Accumulated deficit
|
(110,806,181
|
)
|
(63,804,993
|
)
|
||||
Total stockholders’ equity
|
124,074,056
|
170,160,042
|
||||||
Total liabilities and stockholders’ equity
|
$
|
146,510,759
|
$
|
195,035,923
|
|
Three Months Ended
June 30,
|
Six Months Ended
June 30, |
||||||||||||||
|
2023
|
2022
|
2023
|
2022
|
||||||||||||
Revenues
|
||||||||||||||||
Product sales and supportive services
|
$
|
1,263,255
|
$
|
8,615,765
|
$
|
6,965,769
|
$
|
15,936,637
|
||||||||
Research and development
|
4,614,911
|
8,051,280
|
7,235,421
|
11,269,708
|
||||||||||||
Total revenues
|
5,878,166
|
16,667,045
|
14,201,190
|
27,206,345
|
||||||||||||
|
||||||||||||||||
Operating expenses
|
||||||||||||||||
Cost of sales and supportive services
|
974,420
|
882,096
|
2,124,608
|
5,602,212
|
||||||||||||
Selling, general and administrative
|
4,425,959
|
5,874,139
|
8,661,068
|
9,585,427
|
||||||||||||
Research and development
|
5,116,154
|
6,840,099
|
10,162,189
|
10,386,876
|
||||||||||||
Total operating expenses
|
10,516,533
|
13,596,334
|
20,947,865
|
25,574,515
|
||||||||||||
Operating (loss)/income
|
(4,638,367
|
)
|
3,070,711
|
(6,746,675
|
)
|
1,631,830
|
||||||||||
Gain from change in fair value of warrant liability
|
—
|
49,559
|
—
|
400,663
|
||||||||||||
Other income, net
|
1,190,705
|
72,373
|
2,081,334
|
95,694
|
||||||||||||
(Loss)/income before income taxes
|
(3,447,662
|
)
|
3,192,643
|
(4,665,341
|
)
|
2,128,187
|
||||||||||
Benefit/(Provision) for income taxes
|
572,186
|
(1,155,581
|
)
|
871,608
|
(452,175
|
)
|
||||||||||
Net and comprehensive (loss)/income
|
$
|
(2,875,476
|
)
|
$
|
2,037,062
|
$
|
(3,793,733
|
)
|
$
|
1,676,012
|
||||||
Basic (loss)/income per share
|
$
|
(0.04
|
)
|
$
|
0.03
|
$
|
(0.05
|
)
|
$
|
0.02
|
||||||
Diluted (loss)/income per share
|
$
|
(0.04
|
)
|
$
|
0.03
|
$
|
(0.05
|
)
|
$
|
0.02
|
||||||
Weighted average shares outstanding: basic
|
71,090,642
|
72,678,333
|
71,640,784
|
72,873,366
|
||||||||||||
Weighted average shares outstanding: diluted
|
71,090,642
|
73,332,888
|
71,640,784
|
73,699,226
|
Document and Entity Information |
Aug. 08, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Aug. 08, 2023 |
Entity File Number | 0-23047 |
Entity Registrant Name | SIGA TECHNOLOGIES, INC. |
Entity Central Index Key | 0001010086 |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 13-3864870 |
Entity Address, Address Line One | 31 East 62nd Street |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10065 |
City Area Code | 212 |
Local Phone Number | 672-9100 |
Title of 12(b) Security | common stock, $.0001 par value |
Trading Symbol | SIGA |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
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