Schrödinger Reports First Quarter 2021 Financial Results and Provides Company Update
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Schrodinger Inc. (SDGR) Reports Q1 Revenues Beat; Offers FY21 Revenues Outlook
May 11, 2021 7:10 AM EDTSchrodinger Inc. (NASDAQ: SDGR) reported Q1 EPS of $. Revenue for the quarter came in at $32.1 million versus the consensus estimate of $29.23 million.
First Quarter 2021 Financial Results
Revenue was $32.1 million for the first quarter of 2021, a 23 percent increase compared to the first quarter of 2020.Software revenue was $26.3 million for the first quarter of 2021, an 11 percent increase compared to the first quarter of 2020.Drug discovery revenue was $5.8 million for the first quarter of 2021, compared to $2.4 million in the first quarter of 2020.Gross profit was $16.2 million in the first quarter of... More