eps .00 ,,,better than -.03 expected on revs of 6.7 million
I like what I heard on the call - wish they could reduce expenses further ... but like the above said, not bad. Milestone payments going to SIGA will be halved as well if the court upholds its previous 4 other decisions; so revenue may be forthcoming soon.
Remember, IF the decision is upheld PIP will get what they get AFTER Siga's receives the first $40M of profits. As I understand it, there are lots of costs on Siga's book that need to be offset before the profit meter can start, so it's not just the first $40M that goes through Siga's front door.