secwatch.observer — SEC 8-K summary
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Issuer:     Schrodinger, Inc. (SDGR)
CIK:        0001490978
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001490978-24-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Schrödinger Q4 software rev +44% to $68.7M; guides 6-13% software growth in 2024
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- Q4 software revenue $68.7M (+44% YoY); total revenue $74.1M (+30.4%); net loss $30.7M.
- Full-year 2023 total revenue $216.7M (+19.7%); net income $40.7M vs $149.2M loss in 2022.
- 2024 guidance: software revenue growth 6-13%; drug discovery revenue $30-35M; expects higher cash burn.
- Pipeline: Phase 1 data for MALT1 inhibitor SGR-1505 well tolerated; two clinical programs; Wee1/Myt1 IND expected H1 2024.
- Total ACV grew 9.7% to $154.2M; customers with >$1M ACV rose from 18 to 27.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490978/000149097824000017/0001490978-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490978/000149097824000017/sdgr-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001490978-24-000017

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