SIGA Technologies Q2 2024: Assets at $71.3M

TL;DR

SIGA Tech Q2 assets $71.3M, filed Aug 1. All good.

AI Summary

SIGA Technologies Inc. reported its Q2 2024 results, with total assets reaching $71.3 million as of June 30, 2024. The company's financial statements for the period ending June 30, 2024, were filed on August 1, 2024. Key financial figures indicate a stable financial position.

Why It Matters

This filing provides investors with an update on SIGA Technologies' financial health and asset base as of the end of the second quarter of 2024.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative developments.

Key Numbers

• $71.3B — Total Assets (As of June 30, 2024)
• $600,000,000 — Authorized Shares (Indicates share structure)
• $71,091,616 — Current Assets (Reflects short-term financial health)

Key Players & Entities

• SIGA TECHNOLOGIES INC (company) — Filer
• 20240630 (date) — Period of report
• 20240801 (date) — Filing date
• 71,305,893 (dollar_amount) — Total assets as of June 30, 2024

FAQ

Key Financial Figures

• $112.5 million — 2024, an option for the procurement of $112.5 million of oral TPOXX was exercised by BARDA, i

Filing Documents

• siga20240630_10q.htm (10-Q) — 787KB
• ex_699598.htm (EX-10.1) — 48KB
• ex_699599.htm (EX-10.2) — 39KB
• ex_699600.htm (EX-10.3) — 37KB
• ex_699601.htm (EX-10.4) — 31KB
• ex_699602.htm (EX-10.5) — 80KB
• ex_703019.htm (EX-10.6) — 99KB
• ex_672645.htm (EX-31.1) — 15KB
• ex_672646.htm (EX-31.2) — 15KB
• ex_672647.htm (EX-32.1) — 6KB
• ex_672648.htm (EX-32.2) — 6KB
• 0001437749-24-024320.txt ( ) — 5275KB
• siga-20240630.xsd (EX-101.SCH) — 52KB
• siga-20240630_cal.xml (EX-101.CAL) — 32KB
• siga-20240630_def.xml (EX-101.DEF) — 282KB
• siga-20240630_lab.xml (EX-101.LAB) — 269KB
• siga-20240630_pre.xml (EX-101.PRE) — 313KB
• siga20240630_10q_htm.xml (XML) — 831KB

-FINANCIAL INFORMATION

PART I-FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements (Unaudited) 2 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 22 Item 4.

Controls and Procedures

Controls and Procedures 22

-OTHER INFORMATION

PART II-OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 23 Item 1A.

Risk Factors

Risk Factors 23 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23 Item 3. Defaults upon Senior Securities 23 Item 4. Mine Safety Disclosures 23 Item 5. Other Information 23 Item 6. Exhibits 24

SIGNATURES

SIGNATURES 25 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

- Condensed Consolidated Financial Statements

Item 1 - Condensed Consolidated Financial Statements SIGA TECHNOLOGIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) June 30, 2024 December 31, 2023 ASSETS Current assets Cash and cash equivalents $ 106,949,786 $ 150,145,844 Accounts receivable 8,954,433 21,130,951 Inventory 55,664,453 64,218,337 Prepaid expenses and other current assets 4,906,577 3,496,028 Total current assets 176,475,249 238,991,160 Property, plant and equipment, net 1,517,270 1,331,708 Deferred tax asset, net 11,611,925 11,048,118 Goodwill 898,334 898,334 Other assets 2,155,793 2,083,535 Total assets $ 192,658,571 $ 254,352,855 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 1,033,123 $ 1,456,316 Accrued expenses and other current liabilities 6,533,033 10,181,810 Deferred IV TPOXX revenue 13,729,440 20,788,720 Income tax payable 82,457 21,690,899 Total current liabilities 21,378,053 54,117,745 Other liabilities 3,721,969 3,376,203 Total liabilities 25,100,022 57,493,948 Commitments and contingencies Stockholders' equity Common stock ($ .0001 par value, 600,000,000 shares authorized, 71,305,893 and 71,091,616 , issued and outstanding at June 30, 2024 and December 31, 2023, respectively) 7,131 7,109 Additional paid-in capital 237,502,156 235,795,420 Accumulated deficit ( 69,950,738 ) ( 38,943,622 ) Total stockholders' equity 167,558,549 196,858,907 Total liabilities and stockholders' equity $ 192,658,571 $ 254,352,855 The accompanying notes are an integral part of these financial statements. 2 Table of Contents SIGA TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) (UNAUDITED) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenues Product sales and supportive services $ 20,675,317 $ 1,263,255 $ 44,553,994 $ 6,965,769 Research and development 1,135,574 4,61

View Full Filing

View this 10-Q filing on SEC EDGAR