Investor Relations (IR) Questions: SIGA Therapeutics SIGA
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Answers received: September 2012
1) When is the last time SIGA raised cash through an offering (diluted)?
a. The last time SIGA raised cash through an offering was in 2008. The company issued 2,725,339 shares at a price of $7.35/share.
2) How much cash (not cash equivalents) does SIGA have?
a. The company only discloses the amount of cash and cash equivalents (combined) each quarter. As of June 30, 2012, the company had cash and cash equivalents of $34.9 million.
3) What and approximately when is the next known catalyst?
a. While this is a broader question – I will say that the next incoming source of government funding is expected to come from a labeling plan milestone from the BARDA contract, in the amount of $12 million. This is expected by the end of Q3 or Q4.
4) What is SIGA's quarterly cash burn?
a. The company’s total operating expenses for the 3 and 6 months ending June 30, 2012 were $9.03 million and $16.05 million, respectively.
5) Does SIGA have an existing line of credit and if so how much can they draw against it?
a. The company does not have an existing line of credit at this time.
1) When is the last time SIGA raised cash through an offering (diluted)?
a. The last time SIGA raised cash through an offering was in 2008. The company issued 2,725,339 shares at a price of $7.35/share.
2) How much cash (not cash equivalents) does SIGA have?
a. The company only discloses the amount of cash and cash equivalents (combined) each quarter. As of June 30, 2012, the company had cash and cash equivalents of $34.9 million.
3) What and approximately when is the next known catalyst?
a. While this is a broader question – I will say that the next incoming source of government funding is expected to come from a labeling plan milestone from the BARDA contract, in the amount of $12 million. This is expected by the end of Q3 or Q4.
4) What is SIGA's quarterly cash burn?
a. The company’s total operating expenses for the 3 and 6 months ending June 30, 2012 were $9.03 million and $16.05 million, respectively.
5) Does SIGA have an existing line of credit and if so how much can they draw against it?
a. The company does not have an existing line of credit at this time.