Schrödinger, Inc. Reports Third Quarter 2020 Financial Results and Business Update

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Go back to Schrödinger, Inc. Reports Third Quarter 2020 Financial Results and Business Update

Schrodinger Inc. (SDGR) Tops Q3 EPS by 12c, Revenues Beat

November 12, 2020 7:01 AM EST

Schrodinger Inc. (NASDAQ: SDGR) reported Q3 EPS of $0.05, $0.12 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $25.8 million versus the consensus estimate of $23.03 million.

Third Quarter Financial Results

Revenue was $25.8 million for the third quarter of 2020, an increase of 29% compared to the third quarter of 2019.Software revenue was $22.9 million for the third quarter of 2020, an increase of 42% over the third quarter in 2019. Drug discovery revenue was $2.9 million for the third quarter of 2020, a decline of 24% versus the third quarter of... More