COMP <GO>

SIGA vs ACIU // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

SIGA Technologies Inc. (NASDAQ) VS. AC Immune SA (NASDAQ) • 15-METRIC TALLY: SIGA 2 — ACIU 0

■ METRIC PARITY

LAST: $2.95 (-2.96%) • MKT CAP: $212.0M

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LAST: $2.06 (-7.21%) • MKT CAP: $209.7M

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SIGA VS. ACIU) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	SIGA	ACIU	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	68.60%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	42.70%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	4.8x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	19.03%	—	—	TIE	/fcf-yield <GO>
Operating Margin	25.10%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	24.60%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	-31.80%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	8.22	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	—	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	39.8	34.0	+5.80	SIGA	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	9.1x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$212.0M	$209.7M	$2.3M	SIGA	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	SIGA REV	ACIU REV	SIGA GROSS %	ACIU GROSS %	SIGA FCF	ACIU FCF
FY 2025	$94.6M	—	68.6%	—	$43.5M	—
FY 2024	$138.7M	—	77.4%	—	$48.8M	—
FY 2023	$139.9M	—	—	—	$94.8M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

SIGA // BETA —

ACIU // BETA —