Schrödinger Reports Financial Results for the Fourth Quarter and Full Year 2020 and Provides Outlook for 2021
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Schrodinger Inc. (SDGR) Reports Q4 Revenues Miss; Offers FY21 Revenues Guidance Below Consensus
March 4, 2021 7:12 AM ESTSchrodinger Inc. (NASDAQ: SDGR) reported Q4 revenue for the quarter came in at $33 million versus the consensus estimate of $37.87 million.
Fourth Quarter 2020 Financial Results
Revenue was $33.0 million for the fourth quarter of 2020, an increase of 28 percent compared to the fourth quarter of 2019.Software revenue was $25.0 million for the fourth quarter of 2020, an increase of 42 percent compared to the fourth quarter in 2019.Drug discovery revenue was $8.1 million for the fourth quarter of 2020, compared to $8.3 million in the fourth quarter of 2019. Drug discovery revenue in the fourth quarter of 2020 included $1.0 million related... More