Schrödinger Reports First Quarter 2020 Financial Results and Recent Business Updates

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Go back to Schrödinger Reports First Quarter 2020 Financial Results and Recent Business Updates

Schrodinger Inc. (SDGR) Misses Q1 EPS by 12c, Revenues Beat

May 13, 2020 7:03 AM EDT

Schrodinger Inc. (NASDAQ: SDGR) reported Q1 EPS of ($0.34), $0.12 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $26.2 million versus the consensus estimate of $22.37 million.

First Quarter Financial Results

Revenue was $26.2 million for the first quarter of 2020, a year-over-year increase of 26%.Software revenue was $23.8 million for the quarter, representing a 28% increase from the first quarter of 2019. Drug discovery revenue was $2.4 million for the quarter, representing an 11%... More