2014 Q2 Form 10-Q Financial Statement
#000101008614000010 Filed on May 01, 2014
Income Statement
Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
---|---|---|---|
Revenue | $700.0K | $500.0K | $1.300M |
YoY Change | -30.0% | -61.54% | -13.33% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.748M | $3.039M | $2.984M |
YoY Change | -11.84% | 1.84% | 34.78% |
% of Gross Profit | |||
Research & Development | $2.372M | $2.813M | $3.645M |
YoY Change | -24.24% | -22.83% | -18.37% |
% of Gross Profit | |||
Depreciation & Amortization | $89.69K | $91.11K | $98.13K |
YoY Change | -14.28% | -7.16% | -5.05% |
% of Gross Profit | |||
Operating Expenses | $5.397M | $6.188M | $7.135M |
YoY Change | -18.19% | -13.27% | 1.71% |
Operating Profit | -$4.747M | -$5.638M | -$5.807M |
YoY Change | -15.73% | -2.91% | 4.65% |
Interest Expense | $123.6K | $140.8K | $373.6K |
YoY Change | -67.15% | -62.3% | |
% of Operating Profit | |||
Other Income/Expense, Net | $1.051K | $5.00 | $103.00 |
YoY Change | -23.95% | -95.15% | -36.42% |
Pretax Income | -$4.723M | -$5.623M | -$7.154M |
YoY Change | -6.05% | -21.4% | 9.25% |
Income Tax | -$1.775M | -$2.241M | -$2.278M |
% Of Pretax Income | |||
Net Earnings | -$2.948M | -$3.382M | -$4.876M |
YoY Change | -3.69% | -30.64% | 5.63% |
Net Earnings / Revenue | -421.14% | -676.4% | -375.08% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$54.31K | -$63.79K | -$94.78K |
COMMON SHARES | |||
Basic Shares Outstanding | 53.34M shares | 53.26M shares | 51.64M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $99.00M | $107.1M | $24.70M |
YoY Change | 200.0% | 333.6% | -42.02% |
Cash & Equivalents | $99.03M | $107.1M | $24.69M |
Short-Term Investments | |||
Other Short-Term Assets | $13.20M | $8.600M | $34.50M |
YoY Change | -63.23% | -75.07% | 2775.0% |
Inventory | $16.85M | $17.08M | $13.15M |
Prepaid Expenses | |||
Receivables | $742.7K | $610.4K | $1.027M |
Other Receivables | $0.00 | $0.00 | $30.30M |
Total Short-Term Assets | $129.7M | $133.3M | $103.5M |
YoY Change | -10.9% | 28.79% | 122.0% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.001M | $1.085M | $1.158M |
YoY Change | -12.51% | -6.36% | 28.84% |
Goodwill | $898.3K | $898.3K | $898.3K |
YoY Change | 0.0% | 0.0% | 0.0% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.999M | $2.025M | $2.125M |
YoY Change | -9.21% | -4.72% | 664.79% |
Total Long-Term Assets | $79.74M | $81.45M | $25.20M |
YoY Change | 153.94% | 223.28% | -40.56% |
TOTAL ASSETS | |||
Total Short-Term Assets | $129.7M | $133.3M | $103.5M |
Total Long-Term Assets | $79.74M | $81.45M | $25.20M |
Total Assets | $209.5M | $214.8M | $128.7M |
YoY Change | 18.34% | 66.86% | 44.59% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.628M | $4.344M | $8.589M |
YoY Change | -89.99% | -49.43% | 120.04% |
Accrued Expenses | $4.778M | $4.661M | $4.569M |
YoY Change | -13.17% | 2.0% | 41.24% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $1.979M | $1.974M | $1.454M |
YoY Change | -77.91% | 35.74% | |
Total Short-Term Liabilities | $8.397M | $11.14M | $15.15M |
YoY Change | -72.88% | -26.51% | 112.26% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $997.7K | $1.494M | $3.468M |
YoY Change | -66.49% | -56.91% | |
Other Long-Term Liabilities | $188.5M | $188.2M | $84.60M |
YoY Change | 57.48% | 122.46% | 92.71% |
Total Long-Term Liabilities | $997.7K | $1.494M | $3.468M |
YoY Change | -66.49% | -56.91% | -92.1% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $8.397M | $11.14M | $15.15M |
Total Long-Term Liabilities | $997.7K | $1.494M | $3.468M |
Total Liabilities | $197.9M | $200.9M | $103.2M |
YoY Change | 28.84% | 94.57% | 102.1% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$162.9M | -$159.9M | -$144.2M |
YoY Change | 10.57% | 10.87% | 27.72% |
Common Stock | $174.4M | $173.8M | $169.7M |
YoY Change | 2.19% | 2.43% | 12.5% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $11.57M | $13.94M | $25.50M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $209.5M | $214.8M | $128.7M |
YoY Change | 18.34% | 66.86% | 44.59% |
Cashflow Statement
Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.948M | -$3.382M | -$4.876M |
YoY Change | -3.69% | -30.64% | 5.63% |
Depreciation, Depletion And Amortization | $89.69K | $91.11K | $98.13K |
YoY Change | -14.28% | -7.16% | -5.05% |
Cash From Operating Activities | -$8.070M | $16.59M | -$8.094M |
YoY Change | -772.5% | -305.01% | 24.77% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$20.00K | $14.18K | $268.6K |
YoY Change | -77.78% | -94.72% | 46.45% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $530.0K | $0.00 | |
YoY Change | |||
Cash From Investing Activities | $520.0K | -$14.18K | -$268.6K |
YoY Change | -677.78% | -94.72% | 46.45% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $500.0K | $0.00 | |
YoY Change | |||
Cash From Financing Activities | -490.0K | -$821.3K | $1.035M |
YoY Change | -106.84% | -179.33% | 61158.7% |
NET CHANGE | |||
Cash From Operating Activities | -8.070M | $16.59M | -$8.094M |
Cash From Investing Activities | 520.0K | -$14.18K | -$268.6K |
Cash From Financing Activities | -490.0K | -$821.3K | $1.035M |
Net Change In Cash | -8.040M | $15.76M | -$7.327M |
YoY Change | -197.22% | -315.06% | 9.88% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$8.070M | $16.59M | -$8.094M |
Capital Expenditures | -$20.00K | $14.18K | $268.6K |
Free Cash Flow | -$8.050M | $16.58M | -$8.362M |
YoY Change | -724.03% | -298.25% | 25.37% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
5064380 | USD |
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Accounts Payable Current
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Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
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CY2013Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
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CY2013Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
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CY2014Q1 | us-gaap |
Accrued Bonuses Current
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Accrued Liabilities Current
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Accrued Liabilities Current
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Accrued Professional Fees Current
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Accrued Vacation Current
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|
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|
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
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Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | |
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Earnings Per Share Basic And Diluted
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|
-0.09 | |
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|
0.0001 | |
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0.0001 | |
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Common Stock Shares Issued
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Assets Current
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Assets Current
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Assets Held For Sale At Carrying Value
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|
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Capital Units Authorized
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|
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Cash And Cash Equivalents At Carrying Value
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|
91309754 | USD |
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|
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|
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Deferred Income Tax Expense Benefit
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Deferred Income Tax Expense Benefit
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|
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Machinery And Equipment Gross
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|
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Machinery And Equipment Gross
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|
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Net Cash Provided By Used In Financing Activities
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|
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Net Cash Provided By Used In Financing Activities
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Net Cash Provided By Used In Investing Activities
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|
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CY2014Q1 | us-gaap |
Other Assets Noncurrent
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|
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CY2013Q4 | us-gaap |
Other Assets Noncurrent
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CY2013Q4 | us-gaap |
Other Liabilities
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CY2014Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
437035 | USD |
CY2013Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-12730 | USD |
CY2014Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-9706 | USD |
CY2014Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
113355 | USD |
CY2014Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
415938 | USD |
CY2013Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
178093 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
14184 | USD |
CY2013Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
268592 | USD |
CY2014Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2014Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
978488 | USD |
CY2013Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
750808 | USD |
CY2014Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4324339 | USD |
CY2013Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6783582 | USD |
CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1382073 | USD |
CY2014Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1084650 | USD |
CY2013Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | USD |
CY2014Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
500001 | USD |
CY2014Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2813456 | USD |
CY2013Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3645469 | USD |
CY2013 | us-gaap |
Restructuring Charges
RestructuringCharges
|
512944 | USD |
CY2014Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
4875 | USD |
CY2013Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
118230 | USD |
CY2014Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-159909729 | USD |
CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-156527870 | USD |
CY2013Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
3031349 | USD |
CY2014Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
3088658 | USD |
CY2014Q1 | us-gaap |
Severance Costs1
SeveranceCosts1
|
0 | USD |
CY2013Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
604985 | USD |
CY2014Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
698851 | USD |
CY2014Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13937105 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
16975468 | USD |
CY2013Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
51714146 | shares |
CY2014Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
53252155 | shares |
CY2014Q1 | siga |
Change In Fair Value Of Common Stock Warrants
ChangeInFairValueOfCommonStockWarrants
|
-156105 | USD |
CY2013Q1 | siga |
Change In Fair Value Of Common Stock Warrants
ChangeInFairValueOfCommonStockWarrants
|
974199 | USD |
CY2013Q4 | siga |
Common Stock Warrants Current Fair Value Disclosure
CommonStockWarrantsCurrentFairValueDisclosure
|
313425 | USD |
CY2014Q1 | siga |
Common Stock Warrants Current Fair Value Disclosure
CommonStockWarrantsCurrentFairValueDisclosure
|
157320 | USD |
CY2013Q4 | siga |
Computer Equipment
ComputerEquipment
|
655364 | USD |
CY2014Q1 | siga |
Computer Equipment
ComputerEquipment
|
658072 | USD |
CY2013Q1 | siga |
Increase In Fair Value Of Warrants
IncreaseInFairValueOfWarrants
|
974199 | USD |
CY2014Q1 | siga |
Increase In Fair Value Of Warrants
IncreaseInFairValueOfWarrants
|
-156105 | USD |
CY2014Q1 | siga |
Inventory Write Downs
InventoryWriteDowns
|
462177 | USD |
CY2014Q1 | siga |
Number Of Active Contracts
NumberOfActiveContracts
|
1 | contract |
CY2014Q1 | siga |
Number Of Active Grants
NumberOfActiveGrants
|
2 | grant |
CY2014Q1 | siga |
Patent Preparation Fees
PatentPreparationFees
|
285736 | USD |
CY2013Q1 | siga |
Patent Preparation Fees
PatentPreparationFees
|
458156 | USD |
CY2014Q1 | siga |
Potential Future Aggregate Research And Development Expenses
PotentialFutureAggregateResearchAndDevelopmentExpenses
|
13900000 | USD |
CY2014Q1 | siga |
Proceeds From Issuance Of Warrants And Options
ProceedsFromIssuanceOfWarrantsAndOptions
|
94675 | USD |
CY2013Q1 | siga |
Proceeds From Issuance Of Warrants And Options
ProceedsFromIssuanceOfWarrantsAndOptions
|
1213365 | USD |
CY2013Q1 | siga |
Reclass Of Common Stock Warrant Liability To Additional Paid In Capital Upon Exercise
ReclassOfCommonStockWarrantLiabilityToAdditionalPaidInCapitalUponExercise
|
492191 | USD |
CY2014Q1 | siga |
Reclass Of Common Stock Warrant Liability To Additional Paid In Capital Upon Exercise
ReclassOfCommonStockWarrantLiabilityToAdditionalPaidInCapitalUponExercise
|
0 | USD |
CY2013Q1 | siga |
Research And Development Revenue
ResearchAndDevelopmentRevenue
|
1328364 | USD |
CY2014Q1 | siga |
Research And Development Revenue
ResearchAndDevelopmentRevenue
|
549415 | USD |
CY2014Q1 | siga |
Researchand Development Revenue Longterm Contract
ResearchandDevelopmentRevenueLongtermContract
|
360000 | USD |
CY2014Q1 | siga |
Restructuringand Related Cost Expected Expense Reduction
RestructuringandRelatedCostExpectedExpenseReduction
|
6000000 | USD |
CY2014Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2014Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2014Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2014Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
CY2014Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-03-31 | |
CY2014Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2014Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001010086 | |
CY2014Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
53339296 | shares |
CY2014Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
CY2014Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
SIGA TECHNOLOGIES INC | |
CY2014Q1 | dei |
Trading Symbol
TradingSymbol
|
SIGA |