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

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Schrödinger Reports First Quarter 2020 Financial Results and Recent Business Updates

May 13, 2020 7:00 AM EDT

Total revenue of $26.2 million and strong growth of 26% year-over-year

Record software revenue of $23.8 million, up 28% year-over-year

Raised $209.6 million in net proceeds through initial public offering

Conference call today, Wednesday, May 13, 2020 at 8:30 a.m. ET

NEW YORK--(BUSINESS WIRE)-- Schrödinger, Inc. (Nasdaq: SDGR), whose physics-based software platform enables discovery of high-quality, novel molecules for therapeutics and materials, today announced financial results for the first quarter ended March 31, 2020.

The first quarter... More