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SIGA Technologies sees operating loss of $1.2 million during October
By Kali Hays
New York, Nov. 17 – SIGA Technologies, Inc. reported an operating loss of $1.22 million on revenue of $461,000 for October, according to its monthly operating report filed Nov. 14 with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, SIGA reported an operating loss of $177.72 million for September on revenue of $592,208.
SIGA’s net loss for October was $1.99 million, improving from a $236 million net loss in September.
The company also posted $103.13 million of cash and cash equivalents as of Oct. 31, down from $104.68 million at the end of September.
Based in New York, SIGA Technologies develops and commercializes solutions for serious unmet medical needs and biothreats. The company filed for bankruptcy on Sept. 16 under Chapter 11 case number 14-12623.
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