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Schrodinger Reports No Net Earnings Per Diluted Share for Q1, But Higher Revenue; Reiterates Full-Year 2021 Outlook

05/11/2021 03:52

07:38 AM EDT, 05/11/2021 (MT Newswires) -- Schrodinger (SDGR) said Tuesday it had no net earnings per diluted share in Q1, compared with a net loss of $0.34 per diluted share a year earlier. Three analysts polled by Capital IQ expected a loss of $0.21.

The company had 70,071,625 weighted average shares used to compute earnings or loss attributable to Schrodinger stockholders for the quarter, compared with 40,666,970 a year earlier.

Net revenue for the quarter ended March 31 was $32.1 million, up from $26.2 million a year earlier. Three analysts polled by Capital IQ expected $29.2 million.

Looking ahead, the company reiterated its fiscal full-year 2021 revenue outlook of between $124 million and $142 million. Four analysts polled by Capital IQ expect $137.3 million.

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