0001010086 Siga Technologies公司 錯誤 --12-31 Q3 2024 0.0001 0.0001 600,000,000 600,000,000 71,369,274 71,369,274 71,091,616 71,091,616 4 6 10 2 3 3 0 0 0 0.4 0 63 5 0.60 0.60 0.45 0 0 0 2 2 3 10 0.2 0.5 http://fasb.org/us-gaap/2024#其他負債 錯誤 錯誤 錯誤 錯誤 截至2023年9月30日爲止的三個月,總額包括通過現金結算的加權平均共59,312單位。截至2023年9月30日爲止的九個月,總額包括通過現金結算的加權平均共42,238單位。 00010100862024-01-012024-09-30 xbrli:股份 00010100862024-10-31 thunderdome:item iso4217:USD 00010100862024-09-30 00010100862023-12-31 iso4217:USDxbrli:股份 0001010086siga:產品銷售和支持服務成員2024-07-012024-09-30 0001010086siga:產品銷售和支持服務成員2023-07-012023-09-30 0001010086siga:產品銷售和支持服務成員2024-01-012024-09-30 0001010086siga:產品銷售及支持服務成員2023-01-012023-09-30 0001010086siga:研發成員2024-07-012024-09-30 0001010086siga:研發成員2023-07-012023-09-30 0001010086siga:研發成員2024-01-012024-09-30 0001010086siga:研發成員2023-01-012023-09-30 00010100862024-07-012024-09-30 00010100862023-07-012023-09-30 00010100862023-01-012023-09-30 00010100862022-12-31 00010100862023-09-30 xbrli:純形 0001010086siga:研發成員2024-09-30 0001010086siga:製造與交付成員2024-09-30 utr:M 00010100862024-10-012024-09-30 0001010086siga:第19 CBARDA合同成員2018-09-10 0001010086srt:最大成員siga:第19 CBARDA合同成員2018-09-10 0001010086siga:第19 CBARDA合同成員2023-10-31 0001010086siga:第19 CBARDA合同成員2024-09-30 0001010086siga:第19 CBARDA合同成員2018-09-112024-07-18 utr:是 0001010086siga:第19屆CBARDA合同會員2018-09-102018-09-10 0001010086siga:IVTPOXX會員siga:第19屆CBARDA合同會員2023-10-31 0001010086siga:IVBDS會員siga:第19屆CBARDA合同會員2018-09-102018-09-10 0001010086siga:第19屆CBARDA合同會員2018-09-112024-09-30 0001010086siga:IVBDS會員siga:第19屆CBARDA合同會員2018-09-112024-09-30 0001010086簽名:IVBDS會員簽名:19 CBARDA合同會員2021-12-31 0001010086簽名:包含Iv Bds的IVFDP會員簽名:19 CBARDA合同會員2022-01-012022-12-31 0001010086簽名:包含Iv Bds的IVFDP會員簽名:19 CBARDA合同會員2024-04-012024-06-30 0001010086簽名:口服TPOXX會員簽名:19 CBARDA合同會員2024-09-30 0001010086siga:IVFDP包含Iv Bds會員siga:第19個CBARDA合同成員2024-09-30 0001010086siga:IVTPOXX會員siga:第19個CBARDA合同成員2024-09-30 0001010086siga:口服TPOXX會員siga:第19個CBARDA合同成員2019-09-112024-09-30 0001010086siga:口服TPOXX會員siga:第19個CBARDA合同成員2024-01-012024-03-31 0001010086siga:口服 TPOXX 成員siga:19 CBARDA 合同成員2024-07-012024-09-30 0001010086siga:IVBDS 成員siga:19 CBARDA 合同成員2024-03-31 0001010086siga:IVBDS 成員siga:19 CBARDA 合同成員2024-04-012024-06-30 0001010086siga:IVBDS 成員siga:19 CBARDA 合同成員2024-06-30 0001010086siga:IVBDS成員siga:19號CBARDA合同成員2024-09-30 0001010086siga:口服TPOXX成員siga:19號CBARDA合同成員us-gaap:後續事件會員2024-10-012024-10-31 0001010086siga:IVTPOXX成員siga:19號CBARDA合同成員us-gaap:後續事件會員2024-10-012024-10-31 0001010086siga:第19 CBARDA合同成員2024-01-012024-09-30 0001010086siga:IVFDP成員siga:第19 CBARDA合同成員2024-09-30 0001010086siga:ICBARDA成員us-gaap: TransferredOverTimeMember2024-09-30 0001010086siga:第19 CBARDA合同成員us-gaap: TransferredOverTimeMember2024-07-012024-09-30 0001010086siga:第19 CBARDA合同成員us-gaap: TransferredOverTimeMember2023-07-012023-09-30 0001010086siga:第19屆CBARDA合約成員us-gaap: TransferredOverTimeMember2024-01-012024-09-30 0001010086siga:第19屆CBARDA合約成員us-gaap: TransferredOverTimeMember2023-01-012023-09-30 0001010086siga:第19屆CBARDA合約成員美元指數:在時間點轉移成員2024-07-012024-09-30 0001010086siga:第19屆CBARDA合約成員美元指數:在時間點轉移成員2024-01-012024-09-30 0001010086siga:第19個CBARDA合同會員美元指數:在時間點轉移成員2023-01-012023-09-30 0001010086siga:第19個CBARDA合同會員美元指數:在時間點轉移成員2023-07-012023-09-30 0001010086siga:與國防部PEP標籤擴展研發合同會員us-gaap: TransferredOverTimeMember2024-07-012024-09-30 0001010086siga:口服TPOXX會員siga:美國國防部成員2022-05-12 0001010086siga:口服 TPOXX 成員siga:美國國防部成員2022-05-122022-05-12 0001010086siga:口服 TPOXX 成員siga:美國國防部成員2022-04-012022-06-30 0001010086siga:口服 TPOXX 成員siga:美國國防部成員2022-07-012022-09-30 0001010086siga:口服 TPOXX 成員siga: 美國國防部成員2022-09-28 0001010086siga: 口服TPOXX成員siga: 美國國防部成員2022-09-282022-09-28 0001010086siga: 口服TPOXX成員siga: 美國國防部成員2023-01-012023-03-31 0001010086siga: 口服TPOXX成員siga: 美國國防部成員2024-02-29 0001010086siga: 口服TPOXX成員siga: 美國國防部成員2024-08-31 0001010086siga: 口服TPOXX成員siga: 國際採購成員2024-07-012024-09-30 0001010086siga: 口服TPOXX成員siga: 國際採購成員2024-01-012024-09-30 0001010086siga: 口服TPOXX成員siga: 國際採購成員美元指數:在時間點轉移成員2024-07-012024-09-30 0001010086siga:口服TPOXX成員siga:國際採購成員美元指數:在時間點轉移成員2024-01-012024-09-30 0001010086siga:口服TPOXX成員siga:國際採購成員美元指數:在時間點轉移成員2023-07-012023-09-30 0001010086siga:口服TPOXX成員siga:國際採購成員美元指數:在時間點轉移成員2023-01-012023-09-30 0001010086辛巴:與國防部成員簽訂PEP標籤擴展研發合同2019-07-31 0001010086辛巴:與國防部成員簽訂PEP標籤擴展研發合同us-gaap: TransferredOverTimeMember2024-01-012024-09-30 0001010086辛巴:與國防部成員簽訂PEP標籤擴展研發合同us-gaap: TransferredOverTimeMember2023-07-012023-09-30 0001010086辛巴:與國防部成員簽訂PEP標籤擴展研發合同us-gaap: TransferredOverTimeMember2023-01-012023-09-30 0001010086us-gaap:租賃改善會員2024-09-30 0001010086us-gaap:租賃改善會員2023-12-31 0001010086美國通用會計準則:計算機設備成員2024-09-30 0001010086美國通用會計準則:計算機設備成員2023-12-31 0001010086us-gaap:傢俱和固定資產會員2024-09-30 0001010086us-gaap:傢俱和固定資產會員2023-12-31 0001010086siga:租賃經營權使用資產會員2024-09-30 0001010086siga:租賃經營權使用資產會員2023-12-31 0001010086us-gaap:公允價值輸入二級成員2023-12-31 0001010086美國通用會計準則: 公允價值輸入一級成員2024-09-30 0001010086美國通用會計準則: 公允價值輸入一級成員2023-12-31 0001010086us-gaap:公允價值輸入二級成員2024-09-30 0001010086us-gaap:EmployeeStockOptionMember2023-07-012023-09-30 0001010086us-gaap:EmployeeStockOptionMember2023-01-012023-09-30 0001010086美國通用會計原則限制性股票單位累計成員2023-07-012023-09-30 0001010086美國通用會計原則限制性股票單位累計成員2023-01-012023-09-30 平方英尺 0001010086siga:新總部租賃成員siga:Mac安德魯斯和福布斯公司成員2017-05-26 0001010086siga:新總部租賃成員siga:Mac安德魯斯和福布斯公司成員2017-05-262017-05-26 0001010086siga:新總部租賃成員siga:Mac安德魯斯和福布斯公司成員2024-07-012024-09-30 0001010086siga:新總部租賃成員Siga: Mac Andrews And Forbes Incorporated成員2024-01-012024-09-30 0001010086Siga: 新總部租賃成員Siga: Mac Andrews And Forbes Incorporated成員2024-09-30 0001010086導演成員2024-06-13 0001010086導演成員2024-07-012024-09-30 0001010086導演成員2024-01-012024-09-30 0001010086導演成員2024-09-30 0001010086srt:最低會員導演成員2024-09-262024-09-26 0001010086srt:最大成員導演成員2024-09-262024-09-26 0001010086國家:美國2024-07-012024-09-30 0001010086國家:美國2023-07-012023-09-30 0001010086國家:美國2024-01-012024-09-30 0001010086國家:美國2023-01-012023-09-30 0001010086加拿大2024-07-012024-09-30 0001010086加拿大2023-07-012023-09-30 0001010086加拿大2024-01-012024-09-30 0001010086加拿大2023-01-012023-09-30 0001010086亞太地區會員2024-07-012024-09-30 0001010086亞太地區會員2023-07-012023-09-30 0001010086亞太地區會員2024-01-012024-09-30 0001010086亞太地區會員2023-01-012023-09-30 0001010086us-gaap:EMEA成員2024-07-012024-09-30 0001010086us-gaap:EMEA成員2023-07-012023-09-30 0001010086us-gaap:EMEA成員2024-01-012024-09-30 0001010086us-gaap:EMEA成員2023-01-012023-09-30 0001010086us-gaap:非美國企業成員2024-07-012024-09-30 0001010086us-gaap:非美國企業成員2023-07-012023-09-30 0001010086us-gaap:非美國企業成員2024-01-012024-09-30 0001010086us-gaap:非美國企業成員2023-01-012023-09-30 0001010086US-GAAP:普通股成員2024-06-30 0001010086美元指數: 應付股本會員2024-06-30 0001010086us-gaap:留存收益成員2024-06-30 0001010086us-gaap:其他綜合收益的累計成員2024-06-30 00010100862024-06-30 0001010086US-GAAP:普通股成員2024-07-012024-09-30 0001010086美元指數: 應付股本會員2024-07-012024-09-30 0001010086us-gaap:留存收益成員2024-07-012024-09-30 0001010086us-gaap:其他綜合收益的累計成員2024-07-012024-09-30 0001010086US-GAAP:普通股成員2024-09-30 0001010086美元指數: 應付股本會員2024-09-30 0001010086us-gaap:留存收益成員2024-09-30 0001010086us-gaap:其他綜合收益的累計成員2024-09-30 0001010086US-GAAP:普通股成員2023-12-31 0001010086美元指數: 應付股本會員2023-12-31 0001010086us-gaap:留存收益成員2023-12-31 0001010086us-gaap:其他綜合收益的累計成員2023-12-31 0001010086US-GAAP:普通股成員2024-01-012024-09-30 0001010086美元指數: 應付股本會員2024-01-012024-09-30 0001010086us-gaap:留存收益成員2024-01-012024-09-30 0001010086us-gaap:其他綜合收益的累計成員2024-01-012024-09-30 0001010086US-GAAP:普通股成員2023-06-30 0001010086美元指數: 應付股本會員2023-06-30 0001010086us-gaap:留存收益成員2023-06-30 0001010086us-gaap:其他綜合收益的累計成員2023-06-30 00010100862023-06-30 0001010086US-GAAP:普通股成員2023-07-012023-09-30 0001010086美元指數: 應付股本會員2023-07-012023-09-30 0001010086us-gaap:留存收益成員2023-07-012023-09-30 0001010086us-gaap:其他綜合收益的累計成員2023-07-012023-09-30 0001010086US-GAAP:普通股成員2023-09-30 0001010086美元指數: 應付股本會員2023-09-30 0001010086us-gaap:留存收益成員2023-09-30 0001010086us-gaap:其他綜合收益的累計成員2023-09-30 0001010086US-GAAP:普通股成員2022-12-31 0001010086美元指數: 應付股本會員2022-12-31 0001010086us-gaap:留存收益成員2022-12-31 0001010086us-gaap:其他綜合收益的累計成員2022-12-31 0001010086US-GAAP:普通股成員2023-01-012023-09-30 0001010086美元指數: 應付股本會員2023-01-012023-09-30 0001010086us-gaap:留存收益成員2023-01-012023-09-30 0001010086us-gaap:其他綜合收益的累計成員2023-01-012023-09-30 00010100862021-08-02 0001010086siga: S 2024 Q 1 分紅會員2024-01-012024-03-31 0001010086siga:科瓦利斯俄勒岡州設施和辦公空間會員2019-01-012019-12-31 0001010086siga:兩年期續約選項會員siga:科瓦利斯俄勒岡州設施和辦公空間會員2019-12-31 0001010086siga:三年期續約選項會員siga:科瓦利斯俄勒岡州設施和辦公空間會員2019-12-31 0001010086siga:三年期續約選項會員siga:科瓦利斯俄勒岡州設施和辦公空間會員2024-04-012024-06-30
 

 

目錄

 

美國

證券交易委員會

華盛頓特區20549

表格 10-Q

(標記一個)

 

根據證券交易法案第13或15(d)條條文提交的季度報告

 

截止至本季度結束 2024年9月30日

 

或者

根據證券交易法案第13或15(d)條條文提交的過渡報告

 

過渡期從________到________

 

委員會檔案號碼。 0-23047

SIGA Technologies, Inc.

(依憑章程所載的完整登記名稱)

 

特拉華州

13-3864870

(成立地或組織其他管轄區)

(IRS雇主身份證號碼)

 

 

31 East 62nd Street

10065

紐約, 紐約

388-0349

(總部辦公地址)

 

 

註冊人的電話號碼,包括區號:(212) 672-9100

 

根據法案第12(b)條規定註冊的證券:

 

每種類別的名稱

交易標的(s)

每個註冊交易所的名稱

普通股,每股面值$0.0001

SIGA

輝瑞公司面臨數起分開的訴訟,這些訴訟仍在進行中,需等待第三項索賠條款的裁決。2023年9月,我們與輝瑞公司同意合併2022和2023年的訴訟,並將審判日期從2024年11月推遲至2025年上半年,具體時間將由法院確定。 納斯達克 全球貨幣市場

 

請勾選以下項目,以判定在過去12個月(或更短期間,該註冊人被要求提交報告)內所有根據1934年證券交易法第13條或第15(d)條要求提供報告的報告是否已經提交,並且該註冊人在過去90天中是否受到提交報告的要求。 ☒ 不 ☐。

 

在前12個月內(或公司需要提交這些文件的較短時間內),公司是否已通過選中標記表明已閱讀並提交了應根據S-t法規第405條規定(本章第232.405條)提交的所有互動式數據文件? ☒ 不 ☐。

 

請勾選標記,以確認註冊商是一家大型加速檔案人,加速檔案人,非加速檔案人,小型報告公司還是新興增長型公司。请参见《交易法》第1202条中“大型加速檔案人”、“加速檔案人”、“小型報告公司”和“新興增長型公司”的定义。

 

大型加速提交人 ☐

加速歸檔人

非加速檔案申報者 ☐

小型報告公司

 

新興成長型公司

                            

如果是新興成長型企業,在符合任何依據證券交易法第13(a)條所提供的任何新的或修改的財務會計準則的遵循的延伸過渡期方面,是否選擇不使用核准記號進行指示。☐

 

請用勾選方式指示登記人是否為殼公司(根據交易所法令第120億2條的定義)是 否 ☒。

 

截至2024年10月25日,登記人持有71,404,669 普通股股份,每股面值$0.0001。

 

 

 

 

SIGA TECHNOLOGIES, INC.
第10-Q表格

 

目錄

 

 

 

頁碼

第一部分-基本報表

项目1。

基本報表合併財務報表 (未經審核)

2

项目2。

管理層對財務狀況和營運成果的討論與分析

16

项目3。

有關市場風險的定量和定性披露

22

項目 4。

內部控制及程序

22

 

 

 

第二部分-其他資訊

项目1。

法律訴訟

23

项目1A。

風險因素

23

项目2。

未註冊股票的銷售和款項使用

23

项目3。

優先證券違約情況

23

項目 4。

礦業安全披露

23

项目5。

其他信息

23

第6項。

展品

24

簽名

 

25

 

 

 

 
 

第一部分 - 財務信息

項目 1 - 簡明綜合財務報表 

 

SIGA TECHNOLOGIES, INC.

簡明合併資產負債表(未經查核)

 

  

2024年9月30日

  

2023年12月31日

 

資產

        

流動資產合計

        

現金及現金等價物

 $99,269,756  $150,145,844 

應收帳款

  12,089,010   21,130,951 

存貨

  62,024,473   64,218,337 

預付費用及其他流動資產

  7,302,979   3,496,028 

全部流動資產

  180,686,218   238,991,160 
         

不動產、廠房及設備淨值

  1,411,315   1,331,708 

遞延稅資產,淨額

  12,104,765   11,048,118 

商譽

  898,334   898,334 

其他資產

  253,605   2,083,535 

資產總額

 $195,354,237  $254,352,855 

負債及股東權益

        

流動負債

        

應付賬款

 $1,260,762  $1,456,316 

應計費用及其他流動負債

  7,184,514   10,181,810 

延遲的IV TPOXX®營業收入

  13,729,440   20,788,720 

應付所得稅

  127,815   21,690,899 

流動負債合計

  22,302,531   54,117,745 
         

其他負債

  3,609,572   3,376,203 

總負債

  25,912,103   57,493,948 

合約和可能負債

          

股東權益

        

普通股($0.0001面值;授權50,000,000股,截至2023年12月31日和2024年6月30日止已發行18735946和18724596股).0001 每股面額為 600,000,000 股份已授權 71,369,27471,091,616分別為2024年9月30日和2023年12月31日的已發行和流通股份

  7,137   7,109 

資本公積額額外增資

  238,033,324   235,795,420 

累積虧損

  (68,598,327)  (38,943,622)

股東權益總額

  169,442,134   196,858,907 

負債和股東權益總額

 $195,354,237  $254,352,855 

 

附註是此基本報表的一個重要部分。

 

2

 

 

西嘉科技股份有限公司

綜合損益表及綜合收益/虧損(未經審計)

 

   

截至9月30日的三個月

   

截至9月30日的九個月

 
   

2024

   

2023

   

2024

   

2023

 

收益

                               

產品銷售和支援服務

  $ 8,942,875     $ 7,958,289     $ 53,496,869     $ 14,924,058  

研發費用

    1,066,906       1,276,882       3,753,658       8,512,303  

總收益

    10,009,781       9,235,171       57,250,527       23,436,361  
                                 

營業費用

                               

銷售成本和支援服務

    1,620,510       896,537       17,157,508       3,021,145  

銷售,一般及行政費用

    4,822,591       5,999,761       18,228,786       14,660,828  

研發費用

    3,024,593       3,648,117       8,966,905       13,810,307  

營業費用總計

    9,467,694       10,544,415       44,353,199       31,492,280  

營業收益/(損失)

    542,087       (1,309,244 )     12,897,328       (8,055,919 )

其他收益,淨額

    1,330,505       883,148       4,590,935       2,964,482  

稅前淨利/虧損

    1,872,592       (426,096 )     17,488,263       (5,091,437 )

(稅款)提存/收益

    (528,647 )     33,030       (4,034,362 )     904,638  

淨收益和綜合收益/(損失)

  $ 1,343,945     $ (393,066 )   $ 13,453,901     $ (4,186,799 )

每股基本收益/(損失)

  $ 0.02     $ (0.01 )   $ 0.19     $ (0.06 )

每股稀釋收益/(損失)

  $ 0.02     $ (0.01 )   $ 0.19     $ (0.06 )

加權平均股本數:基本

    71,368,585       71,084,735       71,191,019       71,453,397  

加權平均股本數:稀釋

    71,766,503       71,084,735       71,853,341       71,453,397  

 

附註是此基本報表的一個重要部分。

 

3

 

 

SIGA TECHNOLOGIES, INC.

未經審核的縮短合併現金流量表

 

   

截至9月30日的九個月

 
   

2024

   

2023

 

經營活動現金流量:

               

凈利潤/(損失)

  $ 13,453,901     $ (4,186,799 )

調整以將淨利潤/(虧損)調解為營業活動使用的淨現金:

               

折舊及其他攤銷

    407,692       400,702  

股份報酬

    2,876,071       1,589,993  

存貨減值,淨額

    327,373       562,941  

递延所得税资产,扣除递延所得税负债后净额

    (1,056,647 )     (1,647,191 )

延遲的IV TPOXX®營業收入

    (7,059,280 )     10,240,000  

資產及負債的變動:

               

應收帳款

    9,041,941       37,356,901  

存貨

    2,676,093       (26,240,079 )

預付費用及其他資產

    (2,992,590 )     (1,433,011 )

應付帳款、應計費用及其他負債

    (3,659,762 )     379,384  

應付所得稅

    (21,563,085 )     (1,255,240 )

經營活動產生之淨現金流量

    (7,548,293 )     15,767,601  

投資活動之現金流量:

               

資本支出

    (24,612 )     (21,686 )

投資活動所使用的現金

    (24,612 )     (21,686 )

來自籌資活動的現金流量:

               

支付員工因交付普通股而產生的稅務義務

    (638,139 )     (214,794 )

回購普通股

          (11,072,511 )

支付股息

    (42,665,044 )     (32,135,118 )

筹资活动中使用的现金

    (43,303,183 )     (43,422,423 )

現金及現金等價物淨減少額

    (50,876,088 )     (27,676,508 )

期初現金及現金等價物

    150,145,844       98,790,622  

期末現金及現金等價物

  $ 99,269,756     $ 71,114,114  
                 

補充關於非現金籌資活動的披露:

               

非現金租賃使用權資產及相關負債

  $ 462,686     $  

發行普通股股票

  $ 417,000     $  

發行普通股以免現金行使權

  $     $ 87,540  

 

附註是這些基本報表的重要組成部分

 

4

 

SIGA TECHNOLOGIES, INC.

基本報表附註

(未經查核)

 

 

1. 縮短合併財務報表

 

SIGA 科技股份有限公司(以下簡稱「我們」、「我們」、「我們」、「SIGA」或「公司」)的財務報表按照美國普遍接受的會計原則(「美國 GAAP」)提交中期財務資料,以及證券交易委員會針對季度報告的規則和規定,以表格上呈報 10-問題並須與本公司截至年度之經審核財務報表及附註一併閱讀 二零三年十二月三十一日,包括在本公司2023 年度表格報告 10-k 提交日期 二零二四年三月十二日 (2023 表格 10-K」)。所有使用的術語,但 本文在其他地方定義的含義在2023表格 10-k.管理層認為,已納入所有調整(包括正常和經常調整),以便公平報告中期業績表達成為必要的調整。2023 年終簡明綜合資產負債表數據源自經審計的財務報表,但是有 包括美國 GAAP 要求的所有披露。操作結果 已結束的月份 二零二四年九月三十日,是 必須指示全年預期的結果。

 

 

2. 重要會計政策摘要

 

營收認證

公司根據ASC話題計算營業收入。 606, 客戶合同的營業收入(“ASC 606”)。在所有交易中,公司均為主體,因為在將特定商品或服務轉交給客戶之前控制該商品或服務,因此以毛基礊承認營業收入。合同的交易價格分配給不同的履行義務並在滿足履行義務時或之後被認可為營業收入。公司將運輸和處理活動列為完成成本,而不是額外承諾的服務。截至目前,公司的有效合同履行義務包括以下內容: 2024年9月30日 公司的有效合同履行義務包括以下內容: 履行義務涉及研發服務;和 涉及產品的製造和交付。材料性能義務載於 請參閱注釋 3。截至 2024年9月30日 日,分配給當前履行義務的交易價格總額為174.2百萬美元。當前履行義務代表已經進行工作的交易價格。 已執行並排除未行使的合約期權。就與產品製造和交付相關的當前義務而言,公司預計這些義務將在接下來的大多數情況下被認列為營業收入。 12個月內。就與研究和開發服務相關的履行義務而言,公司預計這些義務將在接下來的營收。 年內,因為滿足履行義務的具體時間有時候是主觀的,並且有時候超出公司的控制範圍。

 

履行義務

履行義務是合同中向客戶轉移獨立商品或服務的承諾,並且在ASC中是賬戶的基本單位。 606. 合同的交易價格按照每個獨立履行義務進行分配,且在該履行義務被滿足時或隨之確認時作為營業收入認列。

 

合同修改 可能 在履行合同過程中會發生。合同通常會被修改以應對合同規格或要求的變更。在大多數情況下,合同修改是針對已存在的服務進行的。 因此,它是作為現有合同的一部分計入的。

 

公司的履約義務是隨著工作的進展或在特定時間內完成。公司的部分營業收入來自於跨越多年的長期合同。所有與當前研究和開發履約義務相關的公司營業收入將按照時間逐步確認,因為客戶在公司提供這些服務的同時同時接受並消耗這些服務帶來的好處。公司根據完成履約義務的進度來確認與這些服務相關的收入,並根據一種基於公司已發生成本與預估總成本之比的輸入法來衡量這一進度。根據此方法,進度是基於所耗資源的成本(即第三方提供的服務成本、直接勞動時間成本和材料消耗成本)與完全滿足履約義務的預估總成本進行比較來衡量的。已發生成本代表已完成的工作,這與並最好地描繪了對客戶的控制轉移相對應。在進度衡量中使用的已發生和預估成本包括第三方提供的服務、直接勞動時間和耗材。 第三方-方提供的服務、直接勞動時間和消耗的材料。 第三方-方提供的服務、直接勞動時間和消耗的材料。

 

合約餘額

收入確認、帳單及現金收款的時間 可能 在簡明綜合資產負債表中,導致已計費的應收帳款、未帳單應收帳款(合約資產)和客戶抵押金和存款(合約負債)。一般而言,金額按工作進展按照協定的合約條款計費,不論是定期間隔(每月)或在達成合約里程碑時,計費;截至 二零二四年九月三十日,簡明資產負債表中的應收帳款餘額包括大約 $2.8數百萬未帳單的應收帳款。此金額包括根據與默里迪恩醫療科技有限責任公司(「經絡」)的國際促銷協議中指明的條款計費的國際銷售。根據固定價格安排的典型付款條款,客戶支付公司以表現為基礎的付款或進度付款。對於本公司的成本類型安排,客戶通常會向本公司支付其實際產生的成本,以及其分配的開支和 G&A,該等付款在計費後的短時間內發生。當本公司在根據銷售合同的條款將商品或服務轉讓給客戶之前收到代價,或該等代價無條件到期時,本公司會記錄延期收入,即代表合約負債。期間 已結束的月份 二零二四年九月三十日,公司承認約 $7.1期間初已包含在延期收入中的百萬收入。

 

5

 

最近會計宣告

二零二三年十一月財務會計準則委員會(「FASB」)發布會計準則更新(「ASU」) 2023-07,區段報告 (主題280):改善須申報的部分披露,該項規定公共機構必須按年度及中期披露重大部分開支及其他部門項目,並在中期間提供有關應報告部門的盈虧及目前每年需要的資產披露所有披露。此外,它要求公共機構披露首席營運決策者(「CODM」)的職稱和職位。ASU 確實變更公共實體識別其作業區段、彙總它們的方式,或套用定量臨界值來確定其應報告的節段。新標準適用於以後開始的財政年度 二零二三年十二月十五日,以及以後開始的財政年度內的中期 二零二四年十二月十五日,允許提早收養。公共機構應對於財務報表中所列的所有之前期間將本安排中的修訂後期應用。我們預期此 ASU 只會影響我們的披露沒有對我們的營運結果、現金流量和財務狀況的影響。

 

2023年12月,FASB發布了ASU 2023-09,,要求披露細分的所得稅支出,規定有效稅率調解元件的標準類別,並修改其他有關所得稅的披露。 ASU 2023-09適用於2024年12月15日後開始的財政年度, 生效,可順應或回溯應用,並允許提前採納。這些要求 可能需要進一步調整公司的購買會計,這可能導致測量期間調整,影響公司截至2024年8月1日報告的淨資產和商譽。預計將對我們的基本報表產生影響,但將影響我們的所得稅披露。

 

 

3. 採購合約和研究協議

 

19C BARDA合同

開啟 二零一八年九月十日 該公司與美國生物醫學先進研發管理局(「BARDA」)簽訂合同,根據該合約,SIGA 同意交付最多1,488,000 向美國戰略國家庫存(「戰略庫存」)進行口頭 TPOXX® 課程(「戰略庫存」),以及製造並交付到戰略庫存,或作為供應商管理庫存儲存,最多212,000 IV 型 TPOXX® 課程。在 二零二三年十月 該合同已修改,使 IV TPOXX® 的課程在合同內重新定義了 14 瓶子到身體 28 小瓶;因此, 19C 巴達合約目前規定 106,000 IV TPOXX® 課程(與原文指定相同的付款金額)。除了提供 TPOXX® 課程外,該合同還包括 BARDA 為一系列活動提供的資金,包括:IV TPOXX® 的進階開發、口服和 IV TPOXX® 的市場後活動以及採購活動。截至 二零二四年九月三十日,與 BARDA 簽訂的合同(不時修改、修改或補充, "19C 巴達合約」)計算高達約 $602.5 數百萬付款,其中約 $51.7 基本效期內包括數百萬筆付款,約為 $519.6百萬筆款項與行使期權有關,最高可達約 $31.2目前,數百萬款款項被指定為未行使期權。巴尔达 可能 自行決定何時或是否行使任何未行使的期權。期權的表現期限為 從入境日起的年份 19C BARDA 合約及此類期權可在合約期內隨時行使。

 

履行基期規定潛在支付金額約為$51.7 百萬美元,涉及以下活動:大約$的支付11.1 百萬美元,用於交付約35,700 百萬美元,用於向戰略儲備儲交付約莫部課程的TPOXX®,$8.0 百萬美元,用於製造約 10,000部課程(依合約當前定義為 28 支瓶的最終藥物產品的IV TPOXX®(“IV FDP”),其中$3.2 百萬美元的支付與大量藥物物質(“IV BDS”)的製造有關,用於IV FDP的製造;大約$的支付32.0 百萬美元用於資助可報銷活動;約莫支付了約$0.6 百萬美元用於支援採購活動。截至目前為止, 2024年9月30日,公司已收到$11.1 百萬美元,用於交付約35,700 份口服TPOXX®至戰略儲備,$3.2 百萬美元用於IV BDS的製造,$4.8百萬美元用於IV FDP交付至戰略儲備,$24.7 百萬美元用於其他基期活動。IV BDS已用於製造IV FDP的課程。這筆款項3.2 百萬美元用於IV BDS的製造已被記錄為遞延收入至2021年12月31日, 但隨著將IV FDP交付戰略儲備,已承認的部分為百萬美元為營業收入。剩餘的 百萬美元的遞延收入在 2022, $2.9 0.3 第二 季度為 2024 當包含這種IV BDS的IV FDP被送達並被戰略儲備接受。

 

截至目前已行使的期權 2024年9月30日,提供最高達約$519.6 百萬美元。截至 2024年9月30日,以下活動已行使期權:提供高達$450.2 百萬美元,用於生產和交付多達 1.5 百萬份口服TPOXX®的藥物;提供最高達$51.2用於IV FDP課程的製造,其中$的款項。20.5支付中有$百萬用於IV BDS的製造,將用於IV FDP的製造;支付款項最多可達$百萬。3.6 用於IV TPOXX®事後市場活動的款項高達$百萬;以及最多可達$百萬的款項。14.6 用於口服TPOXX®事後市場活動的款項高達$百萬。截至 2024年9月30日,累計已提供至戰略儲備並獲接受的口服TPOXX®總計$百萬。345.8的三個月 的口服TPOXX®已交付戰略儲備並獲接受,其中約$15公司收到了百萬美元 首先 quarter of 2024 百萬將在一年內認列為營業收入,約有$8公司收到了百萬美元 第三方 季度為 2024; 該公司累計收到了$20.5完成IV BDS製造的投資為1百萬美元,其中有$6.8 百萬美元已認列為營業收入,在 第二 季度為 2024 發帖中的包含IV BDS的IV FDP已交付並獲得戰略儲備庫的認可,而剩餘的百萬美元作為期權收入在$13.7的被記為逕期收入 2024年9月30日;公司已經已經累計獲得报酬$9.0活動有關的補上市場活動總共有 百萬美元,用於TPOXX口服及靜脈注射劑的。 在 10月2024, $51.2 百萬口服TPOXX® 百萬被战略国家储备库交付和/或接受,另外$8.5數百萬劑IV TPOXX已被戰略國家儲備接收和/或接受 

 

強制選項指定高達約的潛在付款即使是 $31.2總計百萬(如果行使所有此類期權),其中約阿特利$5.6 百萬有關我們目前進行的支持活動 預計需要。剩餘未行使期權指定最高達 $ 的付款25.6 一百萬用於製造 IV FDP 課程,其中高達 $10.2在製造 IV 型 BDS,以用於製造 IV FDP 時,將支付數百萬款款項。

 

6

 

與IV TPOXX®有關的期權分為 兩個 主要製造步驟。有關批量藥物物質的製造的期權(“IV BDS期權”),以及相應的期權(用於相同數量的IV療程)用於藥品的最終製成品的製造(“IV FDP期權”)。BARDA 可能 可以自行決定是否行使其中任何、所有或 這些期權。BARDA合同包括: 19C BARDA合同包括: 單獨提供每一個期權,每個期權提供相當於原料藥之量32,000 IV TPOXX® 的課程(依照合同中目前的定義); 以及 單獨提供每一個期權,每個期權提供 32,000 最終藥品的課程。 BARDA 自行決定是否同時行使 IV BDS 期權和 IV FDP 期權,或者在不同時間點行使期權(或者選擇只行使 IV BDS 期權而不行使 IV FDP 期權)。迄今為止,BARDA 已行使 IV TPOXX® 原料藥的課程。 兩個 IV BDS期權和 兩個 IV FDP期權。如果BARDA決定只行使餘下的IV BDS期權,那麼公司將收到高達$的支付10.2 百萬;或者,如果BARDA決定行使剩餘的IV BDS 期權和IV FDP 期權,公司將收到高達$百萬的付款25.6 百萬。BARDA 可能 也會決定 行使任何剩餘的選項。對於涉及一組特定課程的每一組選項(例如,參考相同課程的IV BDS和IV FDP選項),BARDA有獨立購買IV BDS或IV FDP的選擇權。 32,000 課程),BARDA有權獨立購買IV BDS或IV FDP。

 

Revenues in connection with the 19C BARDA Contract are recognized either over time or at a point in time. Performance obligations related to product delivery generate revenue at a point in time. Revenue from other performance obligations under the 19C BARDA Contract are recognized over time using an input method using costs incurred to date relative to total estimated costs at completion. For the  2024年6月30日 2024年9月30日 2023, the Company recognized revenues of $1.0百萬和$0.2百萬、分別以加班時間計算。對於其他,該公司確認營業收入為 9 2024年6月30日 2024年9月30日 2023,公司承認營業收入$3.8百萬和$2.3分別依超時基礎計算的1百萬美元,。相反,產品交付的營業收入則在某一時間點確認,9 2024年6月30日 2024年9月30日為其資格輔助補貼的8.1百萬和$40.4分別為百萬。 沒有 營業收入是根據產品交付而認列的,因此 營業收入是在某一時間點認列的,對於 9 2024年6月30日 2023年9月30日.   

 

美國國防部採購合同

2024年7月31日,trane technologies plc發布新聞稿宣布其2024年第一季度的業績。 2022年5月12日, 公司宣布與美國國防部("DoD")簽訂合同,採購口服TPOXX®("DoD合同 #1")。該DoD合同 #1 包括美國國防部承諾採購約$3.6 百萬口服TPOXX®的固定承諾,以及美國國防部全權酌情選擇的採購另外約$3.8百萬口服TPOXX®的選購權選項。在 第二 季度為 2022, 公司向國防部交付口服TPOXX®,並認列營業收入$3.6 百萬,完成國防部合約中的堅定承諾 #1. 在該 第三方 季度為 2022, 國防部行使了口服TPOXX®$3.8 百萬的選擇權,公司通過交付產品履行了其義務 2022年9月 並確認相關營業收入。

 

2024年7月31日,trane technologies plc發布新聞稿宣布其2024年第一季度的業績。 2022年9月28日, 本公司與國防部簽署了一份 第二 採購合同("國防部合同 #2")。國防部合同 #2 包括國防部承諾採購約$5.1百萬的口服TPOXX®,以及一個選項,由國防部自行決定是否行使,再採購額外約$5.5 百萬TPOXX®口服藥物。

 

2023年3月, 公司履行了堅定承諾,交付了$5.1百萬口服TPOXX®給國防部,並確認相關的營業收入。此外,在 2023年3月, 國防部行使了合同中$5.5 百萬選擇權,用於採購口服TPOXX®,公司將這些產品交付給國防部在 #2 的合同中。 第四 季度為 2023 並且確認了相關的營業收入。

 

2024年2月, 國防部合同 #2 金額修正,約有$1 百萬口服TPOXX®由國防部訂購,已完成交付 首先 季度為 2024.

 

2024年8月, 本公司與國防部簽署了一份 第三方 採購合同("國防部合同 #3") 為國防部約訂單的堅決訂單,金額約為$9 百萬口服TPOXX® 及少量IV TPOXX®。  

 

國際銷售活動

9 2024年6月30日 2024年9月30日,該公司的國際銷售額為$0.8百萬和$11.8分別為1百萬元和200萬元。這些銷售額包含交付口服TPOXX®給9 2024年6月30日 2024年9月30日 國家。銷售額中的 12 首先第二 根據國際推廣協議(下文定義並討論),本季度是在該協議下進行的。透過國際推廣協議,meridian作為國際合同的交易對手,進行了相關銷售。

  

 
7

 

根據目前的國際促銷協議條款,該協議已於修訂日期 2024年3月27日 並於生效日期 2024年6月1日 並於後續的修訂日期 2024年8月30日 公司在所有地區對口服TPOXX®進行廣告、促銷和銷售負主要責任。 Meridian在歐洲經濟區、澳洲、日本、瑞士、英國和東協及其成員國(以下統稱「目前領Territory」)具有有限的、非專屬權利來做口服TPOXX®的廣告、促銷、銷售和販售。 Meridian也根據現有的特定合同執行非促銷活動。 第三方 就有關出售口服TPOXX®的協議,國際推廣協議規定Meridian有資格獲得收益的高單位數比例作為銷售口服TPOXX®在當前領域中所產生的收益(無論由Meridian或公司收取),減去某些費用。國際推廣協議設有一固定期限,到期日為 2026年5月31日自動續約。 相關投票權與Monopar有關

 

按照最初的國際推廣協議(“修正前國際推廣協議”)的條款,該協議的初始期限到期於 2024年5月31日, Meridian已被授予在指定的國際推廣協議中銷售、廣告、推廣、offer for sale或賣出口服TPOXX®的專屬權利,對該協議中指定的領域,在所有地理區域,除了美國(“領土”),Meridian也同意 在修正前國際推廣協議中對於在領土中指定的使用領域中商業化的任何競爭性產品進行了定義,以及為了TPOXX®,SIGA在現行的國際推廣協議中始終保留所有權、知識產權、分銷和供應權以及監管責任,而且在美國市場,也保留了有關口服TPOXX®的銷售和市場營銷權。在Meridian根據國際推廣協議進入任何銷售安排之前,需要SIGA的同意。

 

根據修訂前的國際促銷協議,Meridian代表公司開具帳單並收取款項,然後根據在修訂前國際促銷協議中規定的季度程序將這些款項扣除Meridian的費用匯入公司; 在顧客收取的金額減去這些費用後低於或等於一指定閾值的日歷年份,Meridian有權享有銷售口服TPOXX®的收益的一定百分比,減去某些費用,而對於這些超出指定閾值的淨收款金額的日歷年份,Meridian有權享有較高的一定百分比。在此之後 2024年6月1日 僅有歐洲經濟區和亞太地區指定的採購合同繼續涉及Meridian開具帳單並收取款項,並根據國際促銷協議保留費用。Meridian保留的任何費用將等於收取款項的高位數百分比。

 

與國際採購合同有關的營業收入是根據公司作為交易主體,在某一時間點以毛額形式確認的。在此過程中,公司會採取以下措施。 9 2024年6月30日 2024年9月30日百萬美元的收入。0.8百萬和$11.8相應於國際合同,分別達成了數百萬的銷售額。 9 2024年6月30日 2023年9月30日百萬美元的收入。7.8百萬和$9.1 分別與國際合同有關的銷售額為百萬美元。

 

研究協議及資助

2019年7月, 公司被授予了一份由美國國防部(DoD)頒發的多年研究合同,合同總值約為$百萬,以支持口服TPOXX®潛在標籤擴展的工作,其中包括天花的事後暴露預防(“PEP”),這項工作被稱為“PEP標籤擴展計畫”,合同稱為“PEP標籤擴展研發合同”。截至該日期,公司已開具全部可用資金,並未來尚有營業收入待確認在PEP標籤擴展研發合同之下。根據PEP標籤擴展研發合同下的履行義務,營業收入是按照成本單位的方式於合同期間確認,使用迄今為止已發生的成本相對於預估總成本的比例。公司27 由於 的年報內之相關資訊進行綜合閱讀。 在該日期開具了可用資金的全部金額,並且尚有營業收入待在未來根據PEP標籤擴展研發合同確認。根據PEP標籤擴展研發合同下的履行義務,營業收入是按照成本單位的方式於合同期間確認,使用迄今已發生的成本相對於預估總成本的比例。公司 剩餘的營業收入將來根據PEP標籤擴展研發合同確認。根據PEP標籤擴展研發合同下的履行義務,營業收入是按照成本單位的方式於合同期間確認,使用迄今已發生的成本相對於預估總成本的比例。公司 認可任何營業收入為 9 2024年6月30日 2024年9月30日。對於9 2024年6月30日 2023年9月30日公司根據PEP標籤擴展的研發合同,以逐步形式認列營業收入$0.9百萬和$6.4 百萬,分別於逐步形式下。

 

合同和資助中包括了期權等內容。 可能 或者 可能 可由美國政府酌情行使的選項。此外,合同和資助包含美國政府有權在任何時候基於方便而終止或重組合同或資助的慣例條款和條件。因此,公司 可能 有資格獲得所有可用的所有基金類型。

 

8

 
 

4. 存貨

 

存貨包括與TPOXX®的製造相關的費用。存貨包括以下內容:

 

   

截至日期

 
   

2024年9月30日

   

2023年12月31日

 

原材料

  $ 134,535     $ 8,061,800  

工作進行中

    51,422,661       53,649,859  

成品

    10,467,277       2,506,678  

存貨

  $ 62,024,473     $ 64,218,337  

 

 

5. 產業、廠房及設備

 

財產、廠房及設備包括以下內容:

 

  

截至

 
  

二零二四年九月三十日

  

二零三年十二月三十一日

 

租賃權改善

 $2,420,028  $2,420,028 

電腦設備

  436,004   468,937 

家具及裝置

  347,045   347,045 

營運租賃使用權資產

  4,141,333   3,678,647 
   7,344,410   6,914,657 

減少 — 累計折舊和攤銷

  (5,933,095)  (5,582,949)

物業、工廠及設備淨值

 $1,411,315  $1,331,708 

 

物業、廠房和設備折舊和攤銷費用為每年$0.4 百萬美元。9 2024年6月30日 2024年9月30日 2023.

 

 

6. 應計費用及其他流動負債

 

應計費用和其他流動負債包括以下項目:

 

   

截至日期

 
   

2024年9月30日

   

2023年12月31日

 

其他

    2,232,903       2,477,619  

A類

    2,101,043       2,974,863  

存貨

    1,309,923       3,300,985  

專業費用

    686,767       445,653  

租賃負債,流動部分

    535,234       564,009  

研究和開發供應商成本

    318,644       418,681  

應計費用及其他流動負債

  $ 7,184,514     $ 10,181,810  

 

9

 
 

7. 金融工具的公允價值

 

現金及現金等價物、應收帳款、應付帳款、應計負債及其他流動負債的帳面價值,以及應交所得稅款項近似公平價值,因其工具具有相對較短的到期日,故與公平價值相近。在完全行使之前,按照每個報告期記錄為負債的普通股認股權證,將其按照公平市場價值列示。

 

確定公允價值的衡量需要使用基於可觀察和不可觀察輸入的技術。可觀察輸入反映來自獨立來源獲取的市場數據,而不可觀察輸入則反映我們的市場假設。這些輸入構成以下公允價值層級:

 

 

水平 1 在活躍市場中,相同工具的報價價格。

 

 

水平 2 在活躍市場中,類似工具的報價價格;在市場中,報價價格相同或相似的工具;以及當可觀察輸入或可觀察到重要價值驅動因素時,模型衍生估值。 活躍市場中的報價;活躍市場中相同或相似工具的報價;及當輸入可觀察或價值驅動因素可觀察時的模型衍生估值。

 

 

水平 3 - 對於當事人而言,重要價值驅動因素是不可觀察的。 第三方 當事人。

 

在2023和2024年6月30日結束的三個和六個月中,有資產減損處理記錄。更新計算公司進行中的研究和開發資產(“IPR&D”)公平價值所使用的關鍵假設可能會改變公司未來短期內回收IPR&D資產的帶值估計。 在公允價值階層之間轉移。 9 2024年6月30日 2024年9月30日截至 2024年9月30日以及 2024年6月30日、2023年12月31日截至,我們沒有任何合約資產。公司當時擁有資金等值$52.9百萬和$95.1百萬美元,分別分類屬於第 1 級金融工具。當中有 前準確性等級。 2 或是水平 3 金融工具截至 2024年9月30日 2024年6月30日、2023年12月31日截至,我們沒有任何合約資產。.

 

10

 
 

8. 每股数据

 

公司根據權威指引計算、呈現和披露每股收益,該指引對具有公開流通普通股或潛在普通股的實體的每股收益的計算、呈現和披露要求進行了規定。基本每股收益的目的是通過將收入(虧損)除以加權平均流通在外股份以評估一個實體在報告期內的表現。攤薄後每股收益的目的與基本每股收益一致,只是還考慮到在期間內所有潛在稀釋普通股的影響。

 

下列是基本和稀釋每股虧損計算的調解:

 

   

截至9月30日的三個月

   

截至9月30日的九個月

 
   

2024

   

2023

   

2024

   

2023

 

基本每股盈利/(損失)的凈利潤

  $ 1,343,945     $ (393,066 )   $ 13,453,901     $ (4,186,799 )

加權平均股份

    71,368,585       71,084,735       71,191,019       71,453,397  

潛在普通股份影響

    397,918             662,322        

加權平均股份:稀釋

    71,766,503       71,084,735       71,853,341       71,453,397  

每股盈利/(損失):基本

  $ 0.02     $ (0.01 )   $ 0.19     $ (0.06 )

每股盈利/(損失):稀釋

  $ 0.02     $ (0.01 )   $ 0.19     $ (0.06 )

 

融資活動產生的淨現金流入額為 9 2024年6月30日 2024年9月30日加權平均摊薄股份包括實值期權和股份結算型限制股,股份結算型限制股和期權的發揮效應是根據每一財務期間的平均股價使用庫藏股方法進行計算的。根據庫藏股方法,員工行使期權時必須支付的金額,公司未來服務的補償成本平均金額。在獎勵被扣除時,預計將記錄在股本溢額中的稅收優惠金額將用於回購股份。按現金結算的RSU被假設為現金結算,因此不包括在每股稀釋收益計算中。9 2024年6月30日 2024年9月30日因為包含這些RSU的淨效應,包括消除這些RSU市值變動對營業結果的影響,將產生反稀釋效應。9 2024年6月30日 2024年9月30日在現金結算的受限制股票單位中,排除了加權平均股份數,不計入稀釋每股盈利的計算。 40,075以及 51,518,分別為。

 

對於 已結束的月份 二零二三年九月三十日,本公司遭受虧損,因此,以下列股票工具被排除在每股稀釋虧損計算中,因為行使、轉換或授權該等工具的影響將是反稀釋的影響。不包括的股權工具的加權平均數目包括:

 

   

截至9月30日的三個月

   

截至9月30日的九個月

 
   

2023

   

2023

 

加權平均行使價

    240,006       232,873  

限制性股票單位 (1)

    486,635       404,240  
                 

 

(1)對於該 2024年6月30日 2023年9月30日,總額包括了 59,312單位,其中有的部分以現金結算。對於該 9 2024年6月30日 2023年9月30日,總數包括加權平均數為 42,238 個單位是以現金結算的。

 

11

 
 

9. 承諾事項和應付款項

 

我們時不時會參與業務常規的索賠事宜。雖然訴訟和索賠的結果無法確定,但我們目前沒有任何我們認為有重大影響的訴訟或索賠。無論結果如何,訴訟都可能會耗費大量成本和時間,並且會轉移管理層對重要的業務事項和倡議的關注,對我們的整體運營產生負面影響。 可能 牽涉到各種來自我們業務常規進程、收款索償、合同違約索償、勞動就業索償、稅務和其他事項的索償、訴訟、調查和訴訟。儘管此等索償、訴訟、調查和訴訟本質上是不確定的,其結果不能確定預測,但我們相信解決此等目前未定事項(如有)將。 對我們的業務、合併財務狀況、營業狀況或現金流有重大不利影響。無論結果如何,訴訟對我們都可能產生不利影響,因為會增加法律成本、分散管理資源及其他因素。

 

購買承諾

 

在我們的業務過程中,公司定期與製造業和研發業務的合作組織簽訂協議。 第三方 根據這些協議,公司發出採購訂單,當協議的服務完成時,公司有義務支付指定價格。在許多CMO採購訂單中,CMOs對庫存損失的補償被限制。採購訂單下的承諾不得超過我們計劃的商業和研發需求。 截至目前,公司承諾的製造義務相關的採購承諾約為$百萬。 2024年9月30日截至3.3百萬美元

 

 

10. 相關方交易

 

房地產業租賃

2024年7月31日,trane technologies plc發布新聞稿宣布其2024年第一季度的業績。 2017年5月26日, 公司與MacAndrews&Forbes Incorporated("M&F")簽署了一份 年辦公室租賃協議("新總部租賃"),根據該協議,公司同意租用 3,200 平方英尺,位於 31 東方的 62未定紐約州紐約街。公司使用在新總部租約下租用的物業作為其企業總部。公司的租賃責任包括固定月租金$25,333 每月的第 首先 63 期間的月份,根據第 首先 期間的租金減免條款。從第 首先 在租賃的期限內或提前終止租約的情況下,公司的租賃義務包括固定租金每月$ 第六十四 ,除了固定租金外,公司還支付設施費用作為房東提供特定附屬服務的考慮,從租約簽訂紀念日開始計算。該設施費用為每月$29,333 ,第 首先 週年紀念日入住的場所費用為每月$3,333第二 任期初的年增加% ,並在之後每年增加%,直到任期最後一年達到$ 。 每年增加%,直到達到每月$ 的率。4,925 任期結束年度期間。9 2024年6月30日 2024年9月30日,公司支付了$0.1百萬和$0.3百萬,分別用於與此租賃相關的租金和附帶服務。公司截至 日期尚有與此租賃相關的應付款項或應計費用。 2024年9月30日.

 

董事會及外部顧問

生效 2023年6月13日, 一位董事當選為公司的董事會,此董事當時正向公司提供並持續提供諮詢服務。根據諮詢協議,該董事每月收取一筆月費$20,000。在 9 2024年6月30日 2024年9月30日本公司負擔了$60,000 15.1180,000及,根據協議累計的費用分別為。公司截至 本供應商提供的服務相關應付款或應計費用未偿清 2024年9月30日。生效日期為 2024年9月26日 修訂了諮詢協議;該修訂指定董事在公司於2025年7月1日前收到來自美國政府戰略準備和響應管理局(ASPR)的提案請求或資訊請求時將會收到在$之間的支付。120,000 15.1240,000 2025年7月1日前 在公司在此之前收到RFP或RFI的情況下,最高支付金額為$ 最高支付金額為$240,000 在公司在此之前收到RFP或RFI的情況下 2025 年 1 月 1 日,公司將採用此會計標準更新。 此外,根據修訂,董事有權透過諮詢服務合同收取每月費用。 直至2026年3月31日止。 除非董事辭職或公司因故解雇董事。

 

 

11. 地域板塊收入

 

各地域板塊的收入如下:

 

   

截至9月30日的三個月

   

截至9月30日的九個月

 
   

2024

   

2023

   

2024

   

2023

 

美國

  $ 9,172,873     $ 1,406,175     $ 45,406,846     $ 14,376,182  
                                 

國際

                               

加拿大

                737,677        

亞洲-太平洋地區

                2,725,368        

歐洲、中東和非洲 (EMEA)

    836,908       7,828,996       8,380,636       9,060,179  

國際總計

    836,908       7,828,996       11,843,681       9,060,179  
                                 

總收益

  $ 10,009,781     $ 9,235,171     $ 57,250,527     $ 23,436,361  

 

12

 
 

12. 所得稅

 

公司的所得稅提存包括聯邦和州稅,金額因應需要,以調整公司本年迄今所得稅開支,使其與公司預計在整年實現的有效稅率相符。每個季度公司會更新對全年有效稅率的估計,並視需要記錄累計調整。

 

對於 已結束的月份 二零二四年九月三十日 2023,我們記錄了美元的稅前收入/(虧損)17.5 百萬和 ($5.1)百萬分別,以及相應的所得稅(供款)/利益($)4.0) 百萬和美元0.9 分別是百萬。

 

有效稅率為9 2024年6月30日 2024年9月30日23.1%,相較於17.8%的9 2024年6月30日 2023年9月30日為公司所得稅率與美國法定稅率不同主要是因為州稅以及各種不可抵扣的支出,包括憑藉《國內稅收法典》第節進行的高管薪酬。9 2024年6月30日 2024年9月30日為公司所得稅率與美國法定稅率不同主要是因為州稅以及各種不可抵扣的支出,包括憑藉《國內稅收法典》第節進行的高管薪酬。 21為公司所得稅率與美國法定稅率不同主要是因為州稅以及各種不可抵扣的支出,包括憑藉《國內稅收法典》第節進行的高管薪酬。 162(m).

 

通脹減緩法案 2022 (「法案」)於2022年8月16日簽署成為美國法律。 該法案包括多項稅收條款,包括對股票回購徵收的消費稅,對清潔能源激勵措施擴大稅收抵免,以及一項一般適用於年均調整後基本報表收入超過數年的美國公司的企業替代最低稅。 5億美元。 的公司 $1 對基本報表收入超過數年平均調整的美國公司進行徵收。 預期該法案將實質影響其合併基本報表。

 

自2021年度開始生效 2022, 《美國減稅和就業法案》要求公司將美國和國際研發支出("R&D")列入稅務開支,分攤至多"年,而非當前財政年度。公司同時為將來研發支出進行分攤,記錄了遞延稅益。對於美國通用會計準則(U.S. GAAP)而言,支出研發的要求仍然維持即時列支不變,而這一條款對稅前研發支出的影響 2017 受到影響。 5 天從發票日期計算,被視為商業合理。 15 累計 此項規定。

 

 

13. 股本

 

以下表格顯示股東權益的變化: 9 2024年6月30日 2024年9月30日2023.

 

  

普通股

  

股本溢價資本額

  

累計

  

其他綜合損益

  

股東總數

 
  

股份

  

金額

  

資本

  

赤字累計

  

收入

  

股權

 

2024年6月30日的結餘

  71,305,893  $7,131  $237,502,156  $(69,950,738) $  $167,558,549 

凈利潤

           1,343,945      1,343,945 

支付普通股用於支付員工股票報酬稅務義務

  (37,427)  (4)  (282,596)        (282,600)

股份 RSUs 解除後的發行

  100,808   10   (10)         

現金股息 ($0.60 元)

           8,466      8,466 

股份報酬

        813,774         813,774 

2024年9月30日的結餘

  71,369,274  $7,137  $238,033,324  $(68,598,327) $  $169,442,134 

 

  

普通股

  

股本溢價資本額

  

累計

  

其他綜合損益

  

股東總數

 
  

股份

  

金額

  

資本

  

赤字累計

  

收入

  

股權

 

2023年12月31日餘額

  71,091,616  $7,109  $235,795,420  $(38,943,622) $  $196,858,907 

凈利潤

           13,453,901      13,453,901 

發行普通股股票

  49,940   5   (5)         

支付普通股票用於支付員工股票基礎補償稅務義務

  (82,136)  (8)  (638,131)        (638,139)

股份 RSUs 解除後的發行

  309,854   31   (31)         

現金股息($0.60 元)

           (43,108,606)     (43,108,606)

股份報酬

        2,876,071         2,876,071 

2024年9月30日的結餘

  71,369,274  $7,137  $238,033,324  $(68,598,327) $  $169,442,134 

 

13

 
  

普通股

  

額外付款

  

累積

  

其他綜合

  

股東總數

 
  

股票

  

金額

  

資本

  

赤字

  

收入

  

股票

 

二零二三年六月三十日止餘額

  71,082,944  $7,109  $234,873,128  $(110,806,181) $  $124,074,056 

淨虧損

           (393,066)     (393,066)

行使股票期權時發行普通股

  8,672                

基於股票的補償

        459,823         459,823 

二零二三年九月三十日止餘額

  71,091,616  $7,109  $235,332,951  $(111,199,247) $  $124,140,813 

 

  

普通股

  

股本溢價資本額

  

累計

  

其他綜合損益

  

股東總數

 
  

股份

  

金額

  

資本

  

赤字累計

  

收入

  

股權

 

2022年12月31日結餘

  72,675,190  $7,268  $233,957,767  $(63,804,993) $  $170,160,042 

淨損失

           (4,186,799)     (4,186,799)

行使股票期權獲發的普通股份

  8,672                

購回普通股(包括稅款)

  (1,736,822)  (174)     (11,072,337)     (11,072,511)

股份 RSUs 解除後的發行

  144,576   15   (15)         

支付普通股票用於支付員工股票基礎補償稅務義務

        (214,794)        (214,794)

現金股息($0.45 元)

           (32,135,118)     (32,135,118)

股份報酬

        1,589,993         1,589,993 

2023年9月30日的餘額

  71,091,616  $7,109  $235,332,951  $(111,199,247) $  $124,140,813 

 

2024年7月31日,trane technologies plc發布新聞稿宣布其2024年第一季度的業績。 2021年8月2日, 公司董事會授權了一項股份回購計劃("回購授權"),根據該計劃,公司可以回購高達$50 萬公司普通股 公司從該計劃下開始回購股份 第四 季度為 2021.根據回購授權,公司不時以其自主裁量進行回購。實際回購的時間和股份數取決於多種因素,包括:政府合同採購訂單的時間;現金戰略用途的替代機會;公司普通股的股價;市場狀況;現金的替代資本管理用途;以及其他公司流動性需求和優先事項。 的年報內之相關資訊進行綜合閱讀。 回購授權已到期。因此,在這期間 9 2024年6月30日 2024年9月30日公司未通過公開市場購買回購任何普通股。 公司未回購任何股份。董事會沒有進行股份回購。 公司在此期間沒有回購任何股份。 2024年6月30日 2023年9月30日在董事會的授權下,在9 2024年6月30日 2023年9月30日公司在開放市場上回購了約 1.7以每股約dollars份購回授權下的普通股約shares,總價約dollars百萬。11.0 此外,在 9 2024年6月30日 2023年9月30日公司記錄了大約$的關聯稅,用於回購普通股。0.1 百萬美元的貨物稅與回購普通股有關。

 

2024年7月31日,trane technologies plc發布新聞稿宣布其2024年第一季度的業績。 2024年3月12日, 董事會宣布公司普通股每股特別股息為$0.60 ,導致總股息金額約為$43 發放特別股息於2024年4月11日給予記錄日期為 的股東, 以監事會業務結束時的記錄日期為2024年3月26日。   

 

 

14

 
 

14. Leases

 

The Company leases its Corvallis, Oregon, facilities and office space under an operating lease, which was signed on November 3, 2017 and commenced on January 1, 2018. The initial term of this lease was to expire on December 31, 2019 after which the Company had two successive renewal options; one for two years and the other for three years. In the second quarter of 2019, the Company exercised the first renewal option, which extended the lease expiration date to December 31, 2021. In the second quarter of 2021, the Company exercised the second renewal option, which extended the lease expiration date to December 31, 2024. In the second quarter of 2024, the Company entered into an additional addendum, which extended the lease expiration date to December 31, 2026. In connection with this additional addendum, the Company recorded an increase to operating lease right-of-use assets and operating lease liabilities of approximately $0.5 million in the second quarter of 2024.

 

On May 26, 2017, the Company and M&F entered into the New HQ Lease, a ten-year office lease agreement, pursuant to which the Company agreed to lease 3,200 square feet in New York, New York. The Company is utilizing premises leased under the New HQ Lease as its corporate headquarters. The Company has no leases that qualify as finance leases.

 

Operating lease costs totaled $0.2 million and $0.1 million for the three months ended September 30, 2024 and 2023, respectively. Operating lease costs totaled $0.5 million and $0.4 million for the nine months ended September 30, 2024 and 2023, respectively. Cash paid for amounts included in the measurement of lease liabilities from operating cash flows was $0.2 million for each of the three months ended September 30, 2024 and 2023. Cash paid for amounts included in the measurement of lease liabilities from operating cash flows was $0.5 million for each of the nine months ended September 30, 2024 and 2023. As of September 30, 2024, the weighted-average remaining lease term of the Company’s operating leases was 2.48 years while the weighted-average discount rate was 9.95%.

 

Future cash flows under operating leases as of September 30, 2024 are expected to be as follows:

 

2024

 $113,547 

2025

  683,213 

2026

  686,190 

2027

  165,916 

Total undiscounted cash flows under leases

  1,648,866 

Less: Imputed interest

  (142,042)

Present value of lease liabilities

 $1,506,824 

 

As of September 30, 2024, approximately $1.0 million of the lease liability is included in Other liabilities on the condensed consolidated balance sheet with the current portion included in accrued expenses. 

 

15

 

 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

The following discussion should be read in conjunction with our condensed consolidated financial statements and notes to those statements and other financial information appearing elsewhere in this Quarterly Report on Form 10-Q and in the Company's Annual Report on Form 10-K filed on March 12, 2024 (the "2023 Form 10-K"). In addition to historical information, the following discussion and other parts of this Quarterly Report contain forward-looking information that involves risks and uncertaintiesSIGAs actual results could differ materially from those anticipated by such forward-looking statements due to a number of factors. See the factors set forth under the heading Forward-Looking Statements at the end of this Item 2 and in Item 1A. Risk Factors of the 2023 Form 10-K.

 

Overview

 

SIGA Technologies, Inc. (“SIGA” or the “Company”) is a commercial-stage pharmaceutical company. The Company sells its lead product, TPOXX® (“oral TPOXX®,” also known as "tecovirimat" or "Tecovirimat-SIGA" in certain international markets), to the U.S. Government and international governments (including government affiliated entities). In certain international markets, the Company may sell TPOXX® through a distributor. Additionally, the Company sells the intravenous formulation of TPOXX® ("IV TPOXX®") to the U.S. Government.

 

TPOXX® is an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. On July 13, 2018, the United States Food & Drug Administration (“FDA”) approved oral TPOXX® for the treatment of smallpox. The Company has been delivering oral TPOXX® to the U.S. Strategic National Stockpile ("Strategic Stockpile") since 2013.

 

In connection with IV TPOXX®, SIGA announced on May 19, 2022 that the FDA approved this formulation for the treatment of smallpox.

 

In addition to being approved by the FDA, oral TPOXX® (tecovirimat) has regulatory approval with the European Medicines Agency ("EMA"), Health Canada and the Medicines and Healthcare Products Regulatory Agency ("MHRA") of the United Kingdom. The EMA and MHRA approved label indication covers the treatment of smallpox, monkeypox ("mpox"), cowpox, and vaccinia complications following vaccination against smallpox. The Health Canada approved label indication covers the treatment of smallpox.

 

With respect to the regulatory approvals by the EMA, MHRA and Health Canada, oral tecovirimat represents the same formulation that was approved by the FDA in July 2018 under the brand name TPOXX®.

 

In connection with a potential FDA label expansion of oral TPOXX® for an indication covering smallpox post-exposure prophylaxis (“PEP”), the Company completed an immunogenicity trial and an expanded safety trial in early 2023. The nature and timing of a potential submission of a supplemental New Drug Application to the FDA (“Supplemental NDA”) for a smallpox PEP indication for oral TPOXX® will be based on the results of the trials; the Company is currently targeting a Supplemental NDA filing to occur in the third quarter of 2025. 

 

In connection with the 2022 global response to an mpox outbreak, a series of observational and randomized, placebo-controlled clinical trials were initiated to assess the safety and efficacy of TPOXX® in participants with mpox. These randomized clinical trials are seeking to collect data on the potential benefits of using TPOXX® as an antiviral treatment for active mpox disease. As of September 30, 2024, there were four active randomized, placebo-controlled clinical trials enrolling patients, subject to patient availability, at sites located in, among other places, the United States and South America. Additionally, a randomized, placebo-controlled clinical trial in the Democratic Republic of the Congo ("DRC") known as PALM 007 (Tecovirimat for Treatment of Monkeypox Virus - NCT05559099), which is funded and sponsored by the National Institutes of Health's (NIH) National Institute of Allergy and Infectious Diseases (NIAID), recently completed enrollment and reported preliminary topline results. Although the study did not meet its primary endpoint of a statistically significant improvement in time to lesion resolution within 28 days post-randomization for patients in the DRC with monkeypox (mpox), who were administered TPOXX® compared to patients who were administered placebo, improvement versus placebo was observed in patients receiving TPOXX® whose symptoms began seven days or fewer before randomization and patients with severe or grave disease, defined by the World Health Organization (WHO) as having 100 or more skin lesions. 

 

The Company may be able to use data from the trials noted above, as well as from other trials, to pursue a potential label expansion with the FDA for oral TPOXX® as a treatment for mpox. The viability, and timing, of a potential FDA submission for an mpox indication will be impacted by a series of factors, including the magnitude and severity of future mpox cases, the location of future cases, enrollment in clinical trials, and final results of randomized, placebo-controlled and observational clinical trials.

 

On April 11, 2024, the Company’s partner in Japan, Japan Biotechno Pharma, announced that a new drug application for oral TPOXX® (tecovirimat) was filed in Japan for the treatment of smallpox, mpox, cowpox, and complications due to vaccinia virus. Based on the standard review time for a new drug application in Japan, we anticipate a final regulatory decision by the end of the first quarter of 2025.

 

16

 

Procurement Contracts with the U.S. Government

 

19C BARDA Contract 

 

On September 10, 2018, the Company entered into a contract with the U.S. Biomedical Advanced Research and Development Authority ("BARDA") pursuant to which SIGA agreed to deliver up to 1,488,000 courses of oral TPOXX® to the Strategic Stockpile, and to manufacture and deliver to the Strategic Stockpile, or store as vendor-managed inventory, up to 212,000 courses of IV TPOXX®. In October 2023, the contract was modified so that a course of IV TPOXX® was redefined within the contract from being 14 vials to being 28 vials; as such, the 19C BARDA Contract currently specifies 106,000 courses of IV TPOXX® (for the same payment amount as originally specified). In addition to the delivery of TPOXX® courses, the contract includes funding from BARDA for a range of activities, including: advanced development of IV TPOXX®, post-marketing activities for oral and IV TPOXX®, and procurement activities. As of September 30, 2024, the contract with BARDA (as amended, modified, or supplemented from time to time, the "19C BARDA Contract") contemplates up to approximately $602.5 million of payments, of which approximately $51.7 million of payments are included within the base period of performance, approximately $519.6 million of payments are related to exercised options and up to approximately $31.2 million of payments are currently specified as unexercised options. BARDA may choose in its sole discretion when, or whether, to exercise any of the unexercised options. The period of performance for options is up to ten years from the date of entry into the 19C BARDA Contract and such options could be exercised at any time during the contract term.

 

The base period of performance specifies potential payments of approximately $51.7 million for the following activities: payments of approximately $11.1 million for the delivery of approximately 35,700 courses of oral TPOXX® to the Strategic Stockpile; payments of $8.0 million for the manufacture of 10,000 courses (as currently defined within the contract as being 28 vials) of final drug product of IV TPOXX® ("IV FDP"), of which $3.2 million of payments are related to the manufacture of bulk drug substance ("IV BDS") to be used in the manufacture of IV FDP; payments of approximately $32.0 million to fund reimbursed activities; and payments of approximately $0.6 million for supportive procurement activities. As of September 30, 2024, the Company had received $11.1 million for the delivery of approximately 35,700 courses of oral TPOXX® to the Strategic Stockpile, $3.2 million for the manufacture of IV BDS, $4.8 million for the delivery of IV FDP to the Strategic Stockpile and $24.7 million for other base period activities. IV BDS has been used for the manufacture of courses of IV FDP. The $3.2 million received for the completed manufacture of IV BDS had been recorded as deferred revenue as of December 31, 2021, but with the delivery of IV FDP to the Strategic Stockpile during 2022, $2.9 million was recognized as revenue. The remaining $0.3 million of deferred revenue was recognized in the second quarter of 2024 as the IV FDP containing such IV BDS was delivered to and accepted by the Strategic Stockpile.

 

The options that have been exercised as of September 30, 2024, provide for payments up to approximately $519.6 million. As of September 30, 2024, there are exercised options for the following activities: payments up to $450.2 million for the manufacture and delivery of up to 1.5 million courses of oral TPOXX®; payments up to $51.2 million for the manufacture of courses of IV FDP, of which $20.5 million of payments relate to the manufacture of IV BDS to be used in the manufacture of IV FDP; payments of up to approximately $3.6 million to fund post-marketing activities for IV TPOXX®; and payments of up to $14.6 million for funding of post-marketing activities for oral TPOXX®. As of September 30, 2024, a cumulative total of $345.8 million of oral TPOXX® has been delivered to the Strategic Stockpile and accepted, of which approximately $15 million was delivered in the first quarter of 2024 and approximately $8 million was delivered in the third quarter of 2024; the Company has cumulatively received $20.5 million for the completed manufacture of IV BDS, of which $6.8 million was recognized as revenue in the second quarter of 2024 as the IV FDP containing such IV BDS was delivered to and accepted by the Strategic Stockpile, and the remaining $13.7 million was recorded as deferred revenue as of September 30, 2024; and the Company has been cumulatively reimbursed $9.0 million in connection with post-marketing activities for oral and IV TPOXX®. In October 2024, $51.2 million of oral TPOXX® was delivered and/or accepted by the Strategic National Stockpile and $8.5 million of IV TPOXX® was delivered and/or accepted by the Strategic National Stockpile. 

 

Unexercised options specify potential payments up to approximately $31.2 million in total (if all such options are exercised), of which approximately $5.6 million relates to supportive activities that we currently do not expect to be required. The remaining unexercised options specify payments of up to $25.6 million for the manufacture of courses of IV FDP, of which up to $10.2 million of payments would be paid upon the manufacture of IV BDS to be used in the manufacture of IV FDP. 

 

The options related to IV TPOXX® are divided into two primary manufacturing steps. There are options related to the manufacture of bulk drug substance (“IV BDS Options”), and there are corresponding options (for the same number of IV courses) for the manufacture of final drug product (“IV FDP Options”). BARDA may choose to exercise any, all, or none of these options in its sole discretion. The 19C BARDA Contract includes: three separate IV BDS Options, each providing for the bulk drug substance equivalent of 32,000 courses (as currently defined within the contract) of IV TPOXX®; and three separate IV FDP Options, each providing for 32,000 courses of final drug product of IV TPOXX®. BARDA has the sole discretion as to whether to simultaneously exercise IV BDS Options and IV FDP Options, or whether to exercise options at different points in time (or alternatively, to only exercise the IV BDS Option but not the IV FDP Option). To date, BARDA has exercised two of the three IV BDS options and two of the three IV FDP options. If BARDA decides only to exercise the remaining IV BDS Option, then the Company would receive payments up to $10.2 million; alternatively, if BARDA decides to exercise the remaining IV BDS Option and IV FDP Option, then the Company would receive payments up to $25.6 million. BARDA may also decide not to exercise either remaining option. For each set of options relating to a specific group of courses (for instance, the IV BDS and IV FDP options that reference the same 32,000 courses), BARDA has the option to independently purchase IV BDS or IV FDP. The Company estimates that sales of the IV formulation under this contract (under current terms), assuming the remaining IV FDP Option was exercised, would have a gross margin (sales less cost of sales, as a percentage of sales) that is less than 40%. 

 

17

 

U.S. Department of Defense Procurement Contracts

 

On May 12, 2022, the Company announced a contract with the U.S. Department of Defense ("DoD") for the procurement of oral TPOXX® ("DoD Contract #1").  The DoD Contract #1 included a firm commitment for the DoD to procure approximately $3.6 million of oral TPOXX®, and an option, exercisable at the sole discretion of the DoD, for the procurement of an additional approximately $3.8 million of oral TPOXX®.  In the second quarter of 2022, the Company delivered oral TPOXX® to the DoD and recognized revenue of $3.6 million, fulfilling the firm commitment in DoD Contract #1. In the third quarter of 2022, the DoD exercised the option for $3.8 million of oral TPOXX® and the Company satisfied its obligation by delivering product in September 2022 and recognized the related revenue. 

 

On September 28, 2022, the Company and the DoD signed a second procurement contract ("DoD Contract #2"). The DoD Contract #2 included a firm commitment for the DoD to procure approximately $5.1 million of oral TPOXX®, and an option, exercisable at the sole discretion of the DoD for the procurement of an additional approximately $5.5 million of oral TPOXX®.

 

In March 2023, the Company fulfilled the firm commitment by delivering $5.1 million of oral TPOXX® to the DoD, and recognized the related revenue.  Additionally, in March 2023, the DoD exercised the $5.5 million option in DoD Contract #2 for the procurement of oral TPOXX® and the Company delivered these courses to the DoD in the fourth quarter of 2023.

 

In February 2024, DoD Contract #2 was amended and approximately $1 million of oral TPOXX® was ordered by the DoD, with delivery fulfilled in the first quarter of 2024. 

 

In August 2024, the Company and the DoD signed a third procurement contract ("DoD Contract #3") for the firm commitment order by the DoD of approximately $9 million of oral TPOXX® as well as a minor amount of IV TPOXX®. 

 

International Sales Activity

 

In the three and nine months ended September 30, 2024, the Company had international sales of $0.8 million and $11.8 million, respectively. Sales for the nine months ended September 30, 2024 consist of deliveries of oral TPOXX® to 12 countries. Sales in the first and second quarters were made under the International Promotion Agreement (defined and discussed below). Through the International Promotion Agreement, Meridian was the counterparty to international contracts under which the sales were made.  

 

International Promotion Agreement

 

Under the terms of the current International Promotion Agreement, which was amended on March 27, 2024 and effective June 1, 2024, and further amended on August 30, 2024, the Company has primary responsibility for the advertising, promotion and sale of oral TPOXX® in all geographic regions. Meridian has limited, non-exclusive rights to advertise, promote, offer for sale and sell oral TPOXX® in the European Economic Area, Australia, Japan, Switzerland, the United Kingdom and the Association of Southeast Asian Nations and its member states (collectively, the “Current Territory”). Meridian also performs non-promotional activities under specified existing contracts with third parties providing for the sale of oral TPOXX®. The International Promotion Agreement provides that Meridian is entitled to receive a fee equal to a high single digit percentage of collected proceeds (whether collected by Meridian or the Company), net of certain expenses, of sales of oral TPOXX® in the Current Territory in the field of use specified in the International Promotion Agreement. The International Promotion Agreement has a fixed term that expires on May 31, 2026, with no automatic renewal.

 

Under the terms of the original International Promotion Agreement (“Pre-amendment International Promotion Agreement”), which had an initial term that expired on May 31, 2024, Meridian had been granted exclusive rights to market, advertise, promote, offer for sale, or sell oral TPOXX® in a field of use specified in the International Promotion Agreement in all geographic regions except for the United States (the “Territory”), and Meridian agreed not to commercialize any competing product, as defined in the Pre-amendment International Promotion Agreement, in the specified field of use in the Territory. Under the Pre-amendment International Promotion Agreement, as well as the current International Promotion Agreement, SIGA has always retained ownership, intellectual property, distribution and supply rights and regulatory responsibilities in connection with TPOXX®, and, in the United States market, also retained sales and marketing rights with respect to oral TPOXX®. SIGA’s consent is required prior to the entry by Meridian into any sales arrangement pursuant to the International Promotion Agreement.

 

Sales to international customers pursuant to the Pre-amendment International Promotion Agreement were invoiced and collected by Meridian, and such collections were remitted, less Meridian’s fees, to the Company under a quarterly process specified in the Pre-amendment International Promotion Agreement; and Meridian was entitled to a specified percentage of the collected proceeds of sales of oral TPOXX®, net of certain expenses, for calendar years in which customer collected amounts net of such expenses were less than or equal to a specified threshold, and to a higher specified percentage of such collected net proceeds for calendar years in which such net collected amounts exceeded the specified threshold. Subsequent to June 1, 2024, only specified procurement contracts in the European Economic Area and Asia Pacific region continue to involve Meridian invoicing and collecting proceeds, and retaining a fee pursuant to the International Promotion Agreement. Any fees retained by Meridian will be equal to a high single digit percentage of collected proceeds.

 

Research Agreements and Grants
 
In July 2019, the Company was awarded a multi-year research contract ultimately valued at approximately $27 million from the DoD to support work in pursuit of a potential label expansion for oral TPOXX® that would include post-exposure prophylaxis (“PEP”) of smallpox (such work known as the “PEP Label Expansion Program” and the contract referred to as the “PEP Label Expansion R&D Contract”). As of December 31, 2023, the Company invoiced the full amount of available funding, and there is no remaining revenue to be recognized in the future under the PEP Label Expansion R&D Contract. Revenue from the performance obligation under the PEP Label Expansion R&D Contract was recognized over time using an input method using costs incurred to date relative to total estimated costs at completion.
 
Contracts and grants include, among other things, options that may or may not be exercised at the U.S. Government’s discretion. Moreover, contracts and grants contain customary terms and conditions including the U.S. Government’s right to terminate or restructure a contract or grant for convenience at any time. As such, the Company may not be eligible to receive all available funds.

 

18

 

Critical Accounting Estimates

 

The methods, estimates and judgments we use in applying our accounting policies have a significant impact on the results we report in our condensed consolidated financial statements, which we discuss under the heading “Results of Operations” following this section of our Management’s Discussion and Analysis of Financial Condition and Results of Operations. Some of our accounting policies require us to make difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Information regarding our critical accounting policies and estimates appears in Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations of our 2023 Form 10-K. Our most critical accounting estimates include revenue recognition over time and income taxes (including realization of deferred tax assets).

 

 

Results of Operations

 

Three Months Ended September 30, 2024 and 2023

 

For the three months ended September 30, 2024, revenues from product sales and supportive services were $8.9 million. Such revenues include $8.1 million of Oral TPOXX® sales to the U.S. Government under the 19C BARDA Contract, and $0.8 million of oral TPOXX® international sales. For the three months ended September 30, 2023, revenues from product sales and supportive services were $8.0 million. Such revenues primarily relate to a sale of oral TPOXX® to a European country and a Middle Eastern country.

 

Revenues from research and development activities for the three months ended September 30, 2024 and 2023, were $1.1 million and $1.3 million, respectively. The revenues for the three months ended September 30, 2024, were mostly earned in connection with performance of research and development activities under the 19C BARDA Contract. The revenue for the three months ended September 30, 2023, were mostly earned in connection with performance of research and development activities under the PEP Label Expansion R&D Contract and the 19C BARDA Contract. The decrease of $0.2 million of revenue is primarily related to the completion of billable activities under the PEP Label Expansion R&D Contract. 

 

Cost of sales and supportive services for the three months ended September 30, 2024 and 2023 were $1.6 million and $0.9 million, respectively. Such costs in 2024 were associated with the manufacture and delivery of courses of Oral TPOXX® to the U.S. Government under the 19C BARDA Contract. Such costs in 2023 were associated with the manufacture and delivery of courses of oral TPOXX® to a European country and a Middle Eastern country, and the costs of supportive activities such as customary, periodic stability testing.

 

Selling, general and administrative (“SG&A”) expenses for the three months ended September 30, 2024 and 2023 were $4.8 million and $6.0 million, respectively. The decrease of approximately $1.2 million primarily reflects the decrease in international promotion fees due to the decrease in international sales in 2024 in comparison to the same period in 2023, partially offset by higher compensation expense associated with the hiring of multiple executive officers this year. 

 

Research and development (“R&D”) expenses for the three months ended September 30, 2024 and 2023 were $3.0 million and $3.6 million, respectively, reflecting a decrease of approximately $0.6 million. The decrease is primarily attributable to lower direct vendor-related expenses incurred in connection with a decrease in activities under the PEP Label Expansion R&D Contract, partially offset by an increase in compensation expense in connection with an increase in headcount.

 

Other income, net for the three months ended September 30, 2024 and 2023 were $1.3 million and $0.9 million, respectively. These amounts reflect interest income earned on cash and cash equivalents.

 

19

 

 

Nine Months Ended September 30, 2024 and 2023

 

For the nine months ended September 30, 2024, revenues from product sales and supportive services were $53.5 million. Such revenues include $17.6 million of IV TPOXX® and $22.8 million of oral TPOXX® sales to the U.S. Government under the 19C BARDA Contract, $11.8 million of oral TPOXX® international sales and approximately $1.1 million of oral TPOXX® sales to the DoD. For the nine months ended September 30, 2023, revenues from product sales and supportive services were $14.9 million. Such revenues primarily relate to sales of approximately $5.1 million of oral TPOXX® to the DoD and approximately $9.1 million of international sales of oral TPOXX®.

 

Revenues from research and development activities for the nine months ended September 30, 2024 and 2023, were $3.8 million and $8.5 million, respectively. The revenues for the nine months ended September 30, 2024, were mostly earned in connection with performance of research and development activities under the 19C BARDA Contract. The revenue for the nine months ended September 30, 2023, were mostly earned in connection with performance of research and development activities under the PEP Label Expansion R&D Contract and the 19C BARDA Contract. The decrease of $4.7 million of revenue is primarily related to the completion of billable activities under the PEP Label Expansion R&D Contract. 

 

Cost of sales and supportive services for the nine months ended September 30, 2024 and 2023 were $17.2 million and $3.0 million, respectively. Such costs in 2024 were primarily associated with the manufacture and delivery of courses of IV and oral TPOXX® to the U.S. Government under the 19C BARDA Contract, as well as the manufacture and delivery of oral TPOXX® to multiple international countries and the DoD. Such costs in 2023 are associated with: lower sales volume and a different product mix than 2024; the manufacture and delivery of courses of oral TPOXX® to the DoD and three international customers; an inventory-related loss in connection with impairment of a manufacturing batch; manufacturing costs related to a potential backup facility within a segment of the supply chain, and the costs of supportive activities such as customary, periodic stability testing.

 

Selling, general and administrative (“SG&A”) expenses for the nine months ended September 30, 2024 and 2023 were $18.2 million and $14.7 million, respectively. The increase of approximately $3.5 million primarily reflects; an increase in international promotion fees due to an increase in international sales in 2024 in comparison to the same period in 2023; and higher compensation expense associated with the hiring of multiple executive officers this year. 

 

Research and development (“R&D”) expenses for the nine months ended September 30, 2024 and 2023 were $9.0 million and $13.8 million, respectively, reflecting a decrease of approximately $4.8 million. The decrease is primarily attributable to lower direct vendor-related expenses incurred in connection with a decrease in activities under the PEP Label Expansion R&D Contract, partially offset by an increase in compensation expense in connection with an increase in headcount.

 

Other income, net for the nine months ended September 30, 2024 and 2023 were $4.6 million and $3.0 million, respectively. The increase relates to interest income earned on cash and cash equivalents as the average cash balance during the nine months ended September 30, 2024 were higher than the same period in 2023. Additionally, the average investment rates in the nine months ended September 30, 2024 were higher than those in the nine months ended September 30, 2023.

 

20

 

For the nine months ended September 30, 2024 and 2023, we recorded pre-tax income/(losses) of $17.5 million and ($5.1) million, respectively, and a corresponding income tax (provision)/benefit of ($4.0) million and $0.9 million, respectively. The effective tax rates during the nine months ended September 30, 2024 and 2023 were 23.1% and 17.8%, respectively. Our effective tax rates for the periods ended September 30, 2024 and 2023 differ from the statutory rate primarily as a result of state taxes and non-deductible executive compensation under Internal Revenue Code Section 162(m). 

 

 

Liquidity and Capital Resources

 

As of September 30, 2024, we had $99.3 million in cash and cash equivalents, compared with $150.1 million at December 31, 2023. We believe that our liquidity and capital resources will be sufficient to meet our anticipated requirements for at least the next twelve months from the issuance of these financial statements.

 

Operating Activities

We prepare our condensed consolidated statement of cash flows using the indirect method. Under this method, we reconcile net income/(loss) to cash flows from operating activities by adjusting net income/(loss) for those items that impact net income/(loss) but may not result in actual cash receipts or payments during the period. These reconciling items include but are not limited to stock-based compensation, deferred income taxes, and changes in the condensed consolidated balance sheet for working capital from the beginning to the end of the period.

 

Net cash (used in)/provided by operating activities for the nine months ended September 30, 2024 and 2023 was ($7.5) million and $15.8 million, respectively. For the nine months ended September 30, 2024, the receipt of approximately $55 million from sales of oral and IV TPOXX® to the U.S. Government and international customers, of which approximately $35 million relates to 2024 sales and the remainder to accounts receivable at December 31, 2023, was offset by the payment of approximately $29 million of income taxes as well as for the use of cash for inventory and customary operating activities. For the nine months ended September 30, 2023, the receipt of substantially all of the $45 million of accounts receivable as of December 31, 2022, as well as approximately $10 million received in connection with IV BDS deferred revenue was partially offset by the use of cash to proactively build inventory, and for customary operating activities. 

 

Investing Activities

There was minimal (less than $25,000) cash-related investing activities for the nine months ended September 30, 2024 and 2023. 

 

Financing Activities

Cash used in financing activities for the nine months ended September 30, 2024 was $43.3 million, which was mostly attributable to the payment of a special cash dividend of approximately $42.7 million. Cash used in financing activities for the nine months ended September 30, 2023 was $43.4 million, which was mostly attributable to the payment of a special cash dividend of approximately $32.1 million and the repurchase of approximately 1.7 million shares of common stock for approximately $11.0 million.

 

Future Cash Requirements

As of September 30, 2024, we had outstanding purchase orders associated with manufacturing obligations in the aggregate amount of approximately $3.3 million. 

 

21

 

Recently Issued Accounting Standards

 

For discussion regarding the impact of accounting standards that were recently issued but are not yet effective, on our condensed consolidated financial statements, see Note 2Summary of Significant Accounting Policies, to the condensed consolidated financial statements.

 

Forward-Looking Statements

 

This Quarterly Report on Form 10-Q contains forward-looking statements that involve risks, uncertainties, and assumptions. All statements contained in this Quarterly Report on Form 10-Q other than statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

 

Forward-looking statements include statements regarding our future financial position, business strategy, budgets, projected costs, plans and objectives of management for future operations. The words “may,” “continue,” “estimate,” “intend,” “plan,” “will,” “believe,” “project,” “expect,” “seek,” “anticipate,” “could,” “should,” “target,” “goal,” “potential” and similar expressions may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking.  Such forward-looking statements are subject to various known and unknown risks and uncertainties, and SIGA cautions you that any forward-looking information provided by or on behalf of SIGA is not a guarantee of future performance. SIGA’s actual results could differ materially from those anticipated by such forward-looking statements due to a number of factors, some of which are beyond SIGA’s control, including, but not limited to, (i) the risk that BARDA elects, in its sole discretion as permitted under the 19C BARDA Contract, not to exercise the remaining unexercised option under the 19C BARDA Contract, (ii) the risk that SIGA may not complete performance under the 19C BARDA Contract on schedule or in accordance with contractual terms, (iii) the risk that the 19C BARDA Contract or PEP Label Expansion R&D Contract are modified or canceled at the request or requirement of, or SIGA is not able to enter into new contracts to supply TPOXX® to, the U.S. Government, (iv) the risk that the nascent international biodefense market does not develop to a degree that allows SIGA to continue to successfully market TPOXX® internationally, (v) the risk that potential products, including potential alternative uses or formulations of TPOXX® that appear promising to SIGA or its collaborators, cannot be shown to be efficacious or safe in subsequent pre-clinical or clinical trials, (vi) the risk that target timing for deliveries of product to customers, and the recognition of related revenues, are delayed or adversely impacted by the actions, or inaction, of contract manufacturing organizations, or other vendors, within the supply chain, or due to coordination activities between the customer and supply chain vendors, (vii) the risk that SIGA or its collaborators will not obtain appropriate or necessary governmental approvals to market these or other potential products or uses, (viii) the risk that SIGA may not be able to secure or enforce sufficient legal rights in its products, including intellectual property protection, (ix) the risk that any challenge to SIGA’s patent and other property rights, if adversely determined, could affect SIGA’s business and, even if determined favorably, could be costly, (x) the risk that regulatory requirements applicable to SIGA’s products may result in the need for further or additional testing or documentation that will delay or prevent SIGA from seeking or obtaining needed approvals to market these products, (xi) the risk that the volatile and competitive nature of the biotechnology industry may hamper SIGA’s efforts to develop or market its products, (xii) the risk that changes in domestic or foreign economic and market conditions may affect SIGA’s ability to advance its research or may affect its products adversely, (xiii) the effect of federal, state, and foreign regulation, including drug regulation and international trade regulation, on SIGA’s businesses, (xiv) the risk of disruptions to SIGA’s supply chain for the manufacture of TPOXX®, causing delays in SIGA’s research and development activities, causing delays or the re-allocation of funding in connection with SIGA’s government contracts, or diverting the attention of government staff overseeing SIGA’s government contracts, (xv) risks associated with actions or uncertainties surrounding the debt ceiling, (xvi) the risk that the U.S. or foreign governments' responses (including inaction) to national or global economic conditions or infectious diseases, are ineffective and may adversely affect SIGA’s business, and (xvii) risks associated with responding to an mpox outbreak, as well as the risks and uncertainties included in Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2023 and SIGA's subsequent filings with the Securities and Exchange Commission. SIGA urges investors and security holders to read those documents free of charge at the SEC's website at http://www.sec.gov. All such forward-looking statements are current only as of the date on which such statements were made. SIGA does not undertake any obligation to update publicly any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events. The information contained on any website referenced in this Form 10-Q is not incorporated by reference into this filing.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

Our investment portfolio includes cash and cash equivalents. Our main investment objectives are the preservation of investment capital. We believe that our investment policy is conservative, both in the duration of our investments and the credit quality of the investments we hold. We do not utilize derivative financial instruments, derivative commodity instruments or other market risk sensitive instruments, positions or transactions to manage exposure to interest rate changes. As such, we believe that the securities we hold are subject to market risk and changes in the financial standing of the issuers of such securities and our interest income is sensitive to changes in the general level of U.S. interest rates.

 

Item 4. Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as of September 30, 2024. The term “disclosure controls and procedures” is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Management recognizes that any disclosure controls and procedures, no matter how well designed and operated, can only provide reasonable assurance of achieving their objectives, and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

 

Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were effective as of September 30, 2024.

 

Changes in Internal Control over Financial Reporting

 

There have been no changes in our internal control over financial reporting during the quarter ended September 30, 2024, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 

 

22

 

PART II-OTHER INFORMATION

 

Item 1. Legal Proceedings

 

From time to time, we may be involved in a variety of claims, suits, investigations and proceedings arising from the ordinary course of our business, including collections claims, breach of contract claims, labor and employment claims, tax related matters and other matters. Although such claims, suits, investigations and proceedings are inherently uncertain and their results cannot be predicted with certainty, we believe that the resolution of such current pending matters, if any, will not have a material adverse effect on our business, condensed consolidated financial position, results of operations or cash flow. Regardless of the outcome, litigation can have an adverse impact on us because of legal costs, diversion of management resources and other factors.

 

Item 1A. Risk Factors

 

Our results of operations and financial condition are subject to numerous risks and uncertainties described in our 2023 Annual Report on Form 10-K for the fiscal year ended December 31, 2023. There have been no material changes to the risk factors described in Part I, Item 1A "Risk Factors" of our 2023 Form 10-K.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

None.

 

Item 3. Defaults upon Senior Securities

 

None.

 

Item 4. Mine Safety Disclosures

 

No disclosure is required pursuant to this item.

 

 

Item 5. Other Information

 

None of the Company's directors or officers adopted, modified or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company's quarter ended September 30, 2024, as such terms are defined under Item 408(a) of Regulation S-K.

 

23

 

 

Item 6. Exhibits

 

Exhibit No.

Description

3.1 Amended and Restated Certificate of Incorporation of SIGA Technologies, Inc. (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K of the Company filed on June 16, 2022).
3.2 Amended and Restated By-laws of SIGA Technologies, Inc. (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K of the Company filed on December 15, 2021). 
10.1* Amendment to Amended and Restated Employment Agreement between SIGA Technologies, Inc. and Daniel J. Luckshire, dated as of October 1, 2024  (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K of the Company filed on October 4, 2024).
10.2* Second Amendment to Third Amended and Restated Employment Agreement between SIGA Technologies, Inc. and Dennis E. Hruby, dated as of October 1, 2024 (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K of the Company filed on October 4, 2024).
10.3 Consulting Agreement, dated October 19, 2020, between SIGA Technologies, Inc. and Tides Group, LLC.
10.4 Amendment #1, dated September 1, 2022, to the Consulting Agreement, dated October 19, 2020, between SIGA Technologies, Inc. and Tides Group, LLC.
10.5 Statement of Work #1, dated October 19, 2020, between SIGA Technologies, Inc. and Tides Group, LLC.
10.6 Amendment #1, dated September 26, 2024, to Statement of Work #1, dated October 19, 2020, between SIGA Technologies, Inc. and Tides Group, LLC.
10.7 Amendment, dated August 30, 2024, to Promotion Agreement, dated May 31, 2019, by and between SIGA Technologies, Inc. and Meridian Medical Technologies, Inc.

31.1

Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2

Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1

Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2

Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS

Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document).

101.SCH

Inline XBRL Taxonomy Extension Schema.

101.CAL

Inline XBRL Taxonomy Extension Calculation Linkbase.

101.DEF

Inline XBRL Taxonomy Extension Definition Linkbase.

101.LAB

Inline XBRL Taxonomy Extension Label Linkbase.

101.PRE

Inline XBRL Taxonomy Extension Presentation Linkbase.

104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101).

 

* Indicates management contract or compensatory plan.

† Portions of this exhibit have been omitted pursuant to Item 601(b)(2)(ii) or 601(b)(10)(iv) of Regulation S-K, as applicable.

 

24

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

SIGA TECHNOLOGIES, INC.

 

 

(Registrant)

 

 

 

Date:

November 7, 2024

By:

/s/ Daniel J. Luckshire 

 

 

 

 

Daniel J. Luckshire

 

 

 

 

Executive Vice President and Chief Financial Officer

 

 

 

(Duly Authorized Officer, Principal Financial Officer and Principal Accounting Officer)

 

 

 

25