西佳科技 2025年季度报告

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549FORM10-Q (Mark One) ☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the Quarterly Period EndedMarch 31, 2025Or SIGA Technologies, Inc. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” Large accelerated filer☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes☐No☒. As of April 17, 2025, the registrant had outstanding71,441,083shares of common stock, par value $.0001, per share. SIGA TECHNOLOGIES, INC.FORM 10-Q Table of Contents 1.Condensed Consolidated Financial Statements The financial statements of SIGA Technologies, Inc. (“we,” “our,” “us,” “SIGA” orthe “Company”) are presented in accordance withaccounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the rules andregulations of the Securities and Exchange Commissionfor quarterly reports on Form10-Q and should be read in conjunction with theCompany’s audited financial statements and notes thereto for the year endedDecember 31, 2024, included in the Company's2024AnnualReport on Form10-K filed onMarch 11, 2025(the "2024Form10-K"). All terms used butnotdefined elsewhere herein have the meaningascribed to them in the2024Form10-K. In the opinion of management, all adjustments (consisting of normal and recurring adjustments) 2.Summary of Significant Accounting Policies Revenue Recognition The Company accounts for revenue in accordance with ASC Topic606,Revenue from Contracts with Customers(“ASC606”). In alltransactions, the Company is the principal as it controls the specified good or service before it is transferred to the customer and thereforerecognizes revenue on a gross basis. A contract’s transaction price is allocated to distinct performance obligations and recognized as revenuewhen, or as, a performance obligation is satisfied.As ofMarch 31, 2025, the Company's active contractual performance obligationsconsist ofthe following:fourperformance obligations relate to research and development services; andfourrelateto manufacture and delivery ofproduct. The material performance obligations are referenced inNote3.The aggregate amount of the transaction price allocated to currentperformance obligations as ofMarch 31, 2025was$115.9million. Current performance obligations represent the transaction price for which Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the customerand is the unit of account in ASC606.A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance Contract modificationsmayoccur during the course of performance of our contracts. Contracts are often modified to account for changes incontract specifications or requirements. In most instances, contract modifications are for services that arenotdistinct, and, therefore, are The Company’s performance obligations are satisfied over time as work progresses or at a point in time. A portion of the Company's revenueis derived from long-term contracts that span multiple years.All of the Company’s revenue related to current research and developmentperformance obligations is recognized over time, because the customer simultaneously receives and consumes the benefits provided by theservices as the Company performs these services.The Company recognizes revenue related to these services based on the progress towardcomplete satisfaction of the performance obligation and measures this progress under an input method, which is based on the Company’s costincurred relative to total estimated costs.Under this method, progress is measured based on the co