Brief: Schrödinger Reports Results For Q4 And Full Year 2021

Schrodinger

24/02/2022 21:57

Feb 24 (Reuters) - Schrodinger Inc  SDGR.O :
    * SCHRÖDINGER REPORTS FINANCIAL RESULTS FOR THE FOURTH
QUARTER AND
FULL YEAR 2021
    * SEES FY REVENUE UP 17 TO 31 PERCENT
    * SEES FY REVENUE $161 MILLION TO $181 MILLION
    * QTRLY TOTAL REVENUE $46.2 MILLION VERSUS $33 MILLION
    * SEES ONGOING GROWTH IN ADOPTION AND SCALE UP OF SOFTWARE
PLATFORM, WITH TARGET ACV GROWTH OF OVER 20 PERCENT IN 2023
    * SEES INFLECTION IN DRUG DISCOVERY REVENUE IN 2023, WITH
TARGET
2023 DRUG DISCOVERY REVENUE OF AT LEAST $100 MILLION
    * FY2022 REVENUE VIEW $194.9 MILLION -- REFINITIV IBES DATA
    * Q4 REVENUE VIEW $36.8 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw33338ka 
Further company coverage:  SDGR.O 

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