Strong liquidity and balance sheet
Cash balance of approximately $146 million as of 03/31/2026 with no debt; pro forma cash would remain over $100 million after the special dividend, supporting runway and optional capital deployment.
Shareholder return via special dividend
Declared and paid a special cash dividend of $0.60 per share (record April 7, paid April 23); this marks the fifth consecutive annual special dividend, reflecting confidence in the balance sheet.
Near-term revenue visibility — Q2 expected deliveries
Company expects to deliver approximately $13 million of oral TPOXX to an international customer in Q2 2026, plus additional IV TPOXX deliveries to the Strategic National Stockpile (SNS).
International expansion and commercial partnerships
Received a $13 million order from an Asia-Pacific country to be delivered in Q2; entered into an exclusive license and distribution agreement with Hikma MENA FZE to register and commercialize TPOXX across the Middle East and North Africa, with SIGA as exclusive manufacturer and potential additional payments under certain conditions.
Pipeline progress — pediatric and PEP programs
Filed IND and initiated a Phase 1 pediatric study with results expected in the second half of 2026; PEP program advancing with CDC immunogenicity analyses underway and a targeted FDA submission for the PEP indication within the next 12 months.
Continued government engagement and supportive funding
Maintains engagement with U.S. government stakeholders (HHS); cites $27 million in 2025 funding for pediatric formulation development and IV tech transfer and a 2025 IV TPOXX order as signals of continued role in U.S. preparedness. Oral TPOXX pricing and domestic manufacturing aligned with U.S. government priorities.