secwatch.observer — SEC 8-K summary
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Issuer:     Schrodinger, Inc. (SDGR)
CIK:        0001490978
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001490978-23-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Schrödinger FY2022 total revenue $181M (+31%); Q4 revenue $56.8M (+23%); net loss widens to $149M
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- FY2022 total revenue $181.0M (+31% YoY); software revenue $135.6M (+20%), drug discovery $45.4M (+84%).
- Net loss $149.2M versus $101.2M in 2021; operating expenses $247.8M (+40%).
- Q4 total revenue $56.8M (+23%); software revenue $47.8M (+24%), drug discovery $9.0M (+19%).
- FY2023 guidance: software revenue growth 13-17%, drug discovery revenue $70-90M, cash burn expected to decline.
- Received ~$111.3M cash distribution from Nimbus in Feb 2023; expects ~$36M additional in Q2 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490978/000149097823000023/0001490978-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490978/000149097823000023/sdgr-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001490978-23-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer