Schrödinger, Inc. Reports Second Quarter 2020 Financial Results and Business Updates
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Schrodinger Inc. (SDGR) Tops Q2 EPS by 23c, Revenues Beat
August 10, 2020 6:07 AM EDTSchrodinger Inc. (NASDAQ: SDGR) reported Q2 EPS of ($0.05), $0.23 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $23.09 million versus the consensus estimate of $17.93 million.
Total revenue of $23.1 million, up 21% year-over-yearSoftware revenue of $20.9 million, up 44% year-over-yearNew strategic agreements with Thermo Fisher and Viva Biotech Rapid progress across internal pipeline; three programs in late-stage discoveryWe made excellent progress during the second quarter across our entire business, including growing our software business, advancing our drug discovery programs, and developing new platform capabilities, said... More
