Core Insights - SIGA Technologies reported financial results for the three and nine months ended September 30, 2025, highlighting a focus on securing new procurement contracts with the U.S. Government and international governments to support future revenue growth [2][3]. Financial Performance - For the first nine months of 2025, SIGA generated $86 million in product revenues and $33 million in pre-tax operating income [2]. - Product sales for the three months ended September 30, 2025, were $0.9 million, a decrease from $8.9 million in the same period of 2024. For the nine months, product sales increased to $85.8 million from $53.5 million year-over-year [3]. - Total revenues for the three months ended September 30, 2025, were $2.6 million, down from $10.0 million in 2024, while total revenues for the nine months increased to $90.8 million from $57.3 million [3]. - The company reported an operating loss of $10.2 million for the three months ended September 30, 2025, compared to an income of $0.5 million in 2024. For the nine months, operating income was $33.2 million, up from $12.9 million [3]. - Net loss for the three months ended September 30, 2025, was $6.4 million, compared to a net income of $1.3 million in 2024. For the nine months, net income was $28.7 million, up from $13.5 million [3]. Business and Operational Highlights - The company generated $53 million in oral TPOXX revenues and $26 million in IV TPOXX revenues related to deliveries to the U.S. Strategic National Stockpile [7]. - In June 2025, SIGA's BARDA 19C contract was modified to add $13 million for the TPOXX pediatric development program, totaling $27 million in development funding added during the second quarter [7]. - A procurement order for $26 million of IV TPOXX was received from the U.S. Government in March 2025 [7]. - TPOXX received regulatory approval in Japan for treating smallpox and other related conditions, marking it as the first antiviral therapy approved for orthopoxviruses in Japan [7]. Capital Management - A special cash dividend of $0.60 per share was declared on April 8, 2025, and paid on May 15, 2025 [5].

Core Viewpoint - SIGA Technologies, Inc. has reported its financial results for Q1 2025, indicating a decline in product sales and total revenues compared to the same period in 2024, while also highlighting significant future sales expectations from government orders and international sales [2][3]. Financial Performance - Product sales for Q1 2025 were $5.8 million, down from $23.9 million in Q1 2024, representing a decrease of approximately 75.8% [3]. - Total revenues decreased to $7.0 million in Q1 2025 from $25.4 million in Q1 2024, a decline of about 72.5% [3]. - The company reported an operating loss of $2.3 million for Q1 2025, compared to an operating income of $11.3 million in Q1 2024 [3]. - Net loss for Q1 2025 was $0.4 million, a significant drop from a net income of $10.3 million in Q1 2024 [3]. Business and Operational Activity - SIGA has outstanding Strategic National Stockpile orders totaling $94 million as of March 31, 2025, with expectations to deliver $70 million of these orders by the end of Q3 2025 [2][8]. - The company received a $26 million procurement order for IV TPOXX from the U.S. Government in March 2025 [9]. - In April 2025, SIGA delivered approximately $53 million of oral TPOXX and $9 million of IV TPOXX to the Strategic National Stockpile [9]. - TPOXX received regulatory approval in Japan for the treatment of smallpox and related diseases, marking a significant milestone for the company [9]. Capital Management - A special cash dividend of $0.60 per share was declared on April 8, 2025, to be paid on May 15, 2025 [6]. Assets and Liabilities - As of March 31, 2025, total assets were reported at $247.1 million, slightly up from $244.3 million as of December 31, 2024 [15][16]. - Current liabilities increased to $27.8 million from $25.3 million in the previous quarter [16]. Shareholder Information - The weighted average shares outstanding for basic and diluted calculations were 71.4 million for Q1 2025 [17].