Earnings release
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SIGA NEWS RELEASE SIGA Reports Financial Results for Three and Six Months Ended June 30 , 2026 2026-08-06 • $ 37 Million of TPOXX Sales Generated in the Second Quarter • Corporate Update Conference Call Today at 4:30 PM ET NEW YORK , Aug. 06 , 2026 ( GLOBE NEWSWIRE ) -- SIGA Technologies , Inc. ( SIGA ) ( Nasdaq : SIGA ) , a commercial - stage pharmaceutical company , today reported financial results for the three and six months ended June 30 , 2026 . " In the second quarter , we delivered approximately $ 37 million of TPOXX to three customers : $ 24 million of IV TPOXX to the U.S. strategic national stockpile and $ 13 million of oral TPOXX to two international customers , " stated Diem Nguyen , Chief Executive Officer . " With product deliveries across the U.S. , Europe , and the Asia - Pacific region , spanning multiple formulations , SIGA continues to execute its long - term plan of selling TPOXX across a diverse range of regions and customers . " Summary Financial Results ( $ in millions , except per share amounts ) Product sales ( 1 ) Total revenues ( 2 ) Operating income ( 3 ) ( 4 ) Income before income taxes ( 3 ) Net income Diluted income per share Three Months Ended June 30 Six Months Ended June 30 2026 2025 2026 2025 $ 37.9 $ 79.1 $ 41.4 $ 84.9 41.0 $ 81.1 $ 47.2 $ 88.2 13.9 $ 45.7 $ 8.6 $ 43.4 14.9 $ 47.3 $ 10.8 $ 46.7 12.5 $ 35.5 $ 9.0 $ 35.1 0.17 $ 0.49 $ 0.13 $ 0.49 1
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(1) Includes supportive services related to product sales. (2) Includes research and development revenues. (3) Operating income excludes, and income before income taxes includes, other income. Both line items exclude the impact of income taxes. (4) Di erences in operating income margin between periods re ect di erent product mixes in those periods. Key Business and Operational Activity In the second quarter of 2026, the Company delivered approximately $13 million of oral TPOXX to two international customers. In the second quarter of 2026, the Company delivered approximately $24 million of IV TPOXX to the U.S. strategic national stockpile under the 19C contract. These deliveries completed the last procurement order under the 19C contract. Capital Management Activity On March 26, 2026, a special cash dividend of $0.60 per share was declared, and was paid on April 23, 2026, to shareholders of record at the close of business on April 7, 2026. Conference Call and Webcast SIGA will host a conference call and webcast to provide a business update today, Thursday, August 6, 2026, at 4:30 P.M. ET. Participants may access the call by dialing 1-800-717-1738 for domestic callers or 1-646-307-1865 for international callers. A live webcast of the call will also be available on the Company's website at www.siga.com in the Investor Relations section of the website. Please log in approximately 5-10 minutes prior to the scheduled start time. A replay of the call will be available for two weeks by dialing 1-844-512-2921 for domestic callers or 1-412-317-6671 for international callers and using Conference ID: 11157253. The archived webcast will be available in the Investor Relations section of the Company's website. ABOUT SIGA SIGA is a commercial-stage pharmaceutical company and leader in global health focused on the development of innovative medicines to treat and prevent infectious diseases. With a primary focus on smallpox, we are dedicated to protecting humanity against the world’s most severe infectious diseases, including those that occur naturally, accidentally, or intentionally. Through partnerships with governments and public health agencies, we work to build 2
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a healthier and safer world by providing essential countermeasures against these global health threats. For more information about SIGA, visit www.siga.com. FORWARD-LOOKING STATEMENTS This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements relating to SIGA’s future business development and plans. Forward-looking statements include statements regarding our future nancial position, business strategy, budgets, projected costs, plans and objectives of management for future operations, and delivering products to domestic and international customers under procurement contracts. 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 di er 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 SIGA is not able to secure in a timely manner new contracts with the U.S. Government to substantially maintain or expand the U.S. Government stockpile of TPOXX®, (ii) the risk that SIGA may not complete performance under the 19C BARDA Contract (the "BARDA Contract"), with the U.S. Biomedical Advanced Research and Development Authority ("BARDA") on schedule or in accordance with contractual terms, (iii) the risk that the nascent international biodefense market does not develop to a degree that allows SIGA to continue to successfully market TPOXX® internationally, (iv) 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 e cacious or safe in subsequent pre-clinical or clinical trials, (v) 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, (vi) the risk that SIGA or its collaborators will not obtain or maintain appropriate or necessary governmental approvals to market these or other potential products or uses, (vii) the risk that SIGA may not be able to secure or enforce su cient legal rights in its products, including intellectual property protection, (viii) the risk that any challenge to SIGA’s patent and other property rights, if adversely determined, could a ect SIGA’s business and, even if determined favorably, could be costly, (ix) 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, obtaining or maintaining needed approvals to market these products, (x) the risk that the volatile and competitive nature of the biotechnology industry may hamper SIGA’s e orts to develop or market its products, (xi) the risk that changes in domestic or foreign economic and market conditions may a ect SIGA’s ability to advance its research or may a ect its products 3
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adversely, (xii) the e ect of federal, state, and foreign regulation, including drug regulation and international trade regulation, on SIGA’s businesses, (xiii) the impacts of signi cant recent shifts in trade policies, including the imposition of tari s, retaliatory tari measures, and subsequent modi cations or suspensions thereof, and market reactions to such policies and resulting trade disputes, (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 sta overseeing SIGA’s government contracts, (xv) risks associated with actions or uncertainties surrounding the debt ceiling, or the changes in the U.S. administration, and (xvi) the risk that the U.S. or foreign governments' responses (including inaction) to national or global economic conditions or infectious diseases, are ine ective and may adversely a ect SIGA’s business, 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, 2025 and SIGA's subsequent lings 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 re ect events or circumstances after the date on which any such statement is made or to re ect the occurrence of unanticipated events. Investor and Media Contact Suzanne Harnett sharnett@siga.com SIGA TECHNOLOGIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) As of June 30, 2026 December 31, 2025 ASSETS Current assets Cash and cash equivalents $ 117,584,444 $ 154,966,414 Accounts receivable 7,170,229 3,263,736 Inventory 41,110,808 49,054,873 Prepaid expenses and other current assets 4,512,301 5,571,841 Total current assets 170,377,782 212,856,864 Property, plant and equipment, net 1,530,954 1,090,824 Deferred tax asset, net 2,789,666 4,428,519 Goodwill 898,334 898,334 Other assets 140,050 192,893 Total assets $ 175,736,786 $ 219,467,434 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable $ 909,834 $ 824,522 Accrued expenses and other current liabilities 6,907,137 6,520,057 Deferred IV TPOXX® revenue — 10,240,000 Income tax payable 28,335 408,000 Total current liabilities 7,845,306 17,992,579 Other liabilities 2,600,845 2,653,283 4
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Total liabilities 10,446,151 20,645,862 Commitments and contingencies Stockholders’ equity Common stock ($.0001 par value, 600,000,000 shares authorized, 71,844,042 and 71,611,302, issuedand outstanding at June 30, 2026 and December 31, 2025, respectively) 7,184 7,161 Additional paid-in capital 243,262,409 241,885,214 Accumulated de cit (77,978,958) (43,070,803) Total stockholders’ equity 165,290,635 198,821,572 Total liabilities and stockholders’ equity $ 175,736,786 $ 219,467,434 SIGA TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenues Product sales and supportive services$ 37,870,335 $ 79,124,860 $ 41,408,212 $ 84,946,107 Research and development 3,131,918 1,995,144 5,836,622 3,214,711 Total revenues 41,002,253 81,120,004 47,244,834 88,160,818 Operating expenses Cost of sales and supportive services 17,561,185 25,554,462 20,502,069 25,712,200 Selling, general and administrative 5,148,992 5,487,576 9,822,005 11,163,238 Research and development 4,386,498 4,398,097 8,336,344 7,860,910 Total operating expenses 27,096,675 35,440,135 38,660,418 44,736,348 Operating income 13,905,578 45,679,869 8,584,416 43,424,470 Other income, net 946,898 1,592,304 2,224,378 3,277,288 Income before income taxes 14,852,476 47,272,173 10,808,794 46,701,758 Provision for income taxes (2,389,042) (11,789,070) (1,799,610) (11,626,878) Net and comprehensive income$ 12,463,434 $ 35,483,103 $ 9,009,184 $ 35,074,880 Basic income per share $ 0.17 $ 0.50 $ 0.13 $ 0.49 Diluted income per share$ 0.17 $ 0.49 $ 0.13 $ 0.49 Weighted average shares outstanding: basic 71,752,539 71,465,521 71,701,531 71,446,629 Weighted average shares outstanding: diluted 71,883,798 71,748,888 71,998,573 71,678,838 Source: SIGA Technologies Inc. 5