Shares surge as company posts profit and increases dividend
- SIGA Technologies shares climb 8.3% on 10-fold increase in 4Q revenue
- Company swings to a profit in the fourth quarter
- Special cash dividend declared
- Net profit of $72.3 million compared to a loss of $800,000 in the same period last year
- Product revenue surges to $115.7 million from $5.1 million a year ago
- Total revenue increases to $116.5 million from $11.4 million
- Board of directors approves a special cash dividend of 60 cents per share
Shares of SIGA Technologies climbed 8.3% to $5.76 in post-market trading on Tuesday after the company swung to a profit in the fourth quarter on a surge in revenue and declared a special cash dividend. The pharmaceutical company posted a net profit of $72.3 million, or $1.01 a share, compared with a loss of $800,000, or 1 cent a share, for the same period a year earlier. Product revenue surged to $115.7 million from $5.1 million a year ago, taking total revenue to $116.5 million from $11.4 million. Regarding the company’s payout to shareholders, the company said its board of directors approved a special cash dividend of 60 cents, representing an increase of 15 cents per share from last year’s special cash dividend.
Factuality Level: 8
Factuality Justification: The article provides factual information about SIGA Technologies’ financial performance in the fourth quarter, including details about the profit, revenue, and special cash dividend declared. The information presented is clear, concise, and directly related to the main topic without any digressions or unnecessary details. There is no apparent bias or opinion presented as fact, and the article does not contain any misleading information or inaccuracies.
Noise Level: 3
Noise Justification: The article provides relevant information about SIGA Technologies’ financial performance, including its profit in the fourth quarter, surge in revenue, and declaration of a special cash dividend. The information is clear, concise, and directly related to the company’s financial status, making it a low noise article.
Financial Relevance: Yes
Financial Markets Impacted: Shares of SIGA Technologies
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of SIGA Technologies, a pharmaceutical company. There is no mention of an extreme event or any impact on financial markets or companies.
Public Companies: SIGA Technologies (SIGA)
Key People: Sabela Ojea (Author)
Reported publicly:
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