Schrödinger, Inc. (NASDAQ:SDGR) Q3 Earnings Conference Call November 10, 2021 4:30 PM ET Company Participants Ramy Farid – CEO Joel Lebowitz – CFO Karen Akinsanya – Executive Vice President Jaren Madden – Senior Vice President, IR Conference Call Participants Michael Ryskin – Bank of America Gary Nashman – BMO Capital Markets Matt Hewitt – Craig-Hallum Capital Group Gora Gabarachu – BMO Capital Michael Yee – Jefferies Operator Thank you for standing by. Welcome to Schrodinger's conference call to review the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39206 Schrodinger, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 95-4284541 (State or other jurisdicti ...

Schrödinger, Inc. (CSIQ) Q2 2021 Earnings Conference Call August 12, 2021 8:30 AM ET Company Participants Ramy Farid – President and CEO Tracy Lessor – Executive Director of Corporate Communications Karen Akinsanya – Executive Vice President, Chief Biomedical Scientists, and Head of Discovery R&D Joel Lebowitz – Executive Vice President and CFO Conference Call Participants Michael Yee – Jefferies Michael Ryskin – Bank of America Gary Nashman – BMO Capital Markets David Lebowitz – Morgan Stanley Matt Hewitt ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39206 Schrodinger, Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | 95-4284541 | | --- | --- | | (State or ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2021 was $32.1 million, representing a 23% increase compared to Q1 2020 [34] - Software revenue reached $26.3 million, reflecting an 11% growth year-over-year [35] - Drug discovery revenue was $5.8 million, up from $2.4 million in Q1 2020, including $2.2 million from a collaboration milestone recognized earlier than anticipated [36][37] - Gross profit was $16.2 million, a 3% increase from the previous year, with software gross margin at 78%, down from 83% [38] - Operating expenses rose to $40.1 million from $27.4 million in Q1 2020, driven by R&D investments and public company infrastructure costs [39] - The company recorded a net loss of approximately $29,000, a significant improvement from a loss of $13.8 million in the prior year [41] - Cash and equivalents at the end of Q1 2021 were $649 million, up from $643.2 million at the end of Q4 2020 [41] Business Line Data and Key Metrics Changes - Software revenue growth was attributed to increased deployment of solutions and new customer growth [35] - Drug discovery revenue included significant contributions from collaborations, particularly with Bristol Myers Squibb [36][37] Market Data and Key Metrics Changes - The company is experiencing a strong financial position, allowing for continued investment in R&D and growth initiatives [16] Company Strategy and Development Direction - The company aims to leverage its computational platform for drug discovery and materials applications, focusing on high-quality molecule identification [9][10] - Strategic collaborations, such as with NVIDIA and AstraZeneca, are intended to enhance platform capabilities and broaden deployment [15][13] - The company is committed to advancing its internal drug discovery pipeline and expanding its software business [16][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to in-person work by Q4 2021 and highlighted the dedication of employees during COVID-19 challenges [17] - The company reaffirmed its full-year revenue guidance, expecting total annual revenue between $124 million and $142 million [42] - Anticipated software revenue growth is expected to be higher in the second half of the year, particularly in Q4 [43] Other Important Information - The company is focused on maintaining its leadership in physics-based computation and machine learning to enhance prediction accuracy [14] - The internal drug discovery pipeline is advancing, with plans for IND submissions in 2022 for several programs [21][32] Q&A Session Summary Question: Software revenue guidance and confidence - Management maintained guidance for software revenue, expecting higher growth in the second half of the year, particularly in Q4 [52][54] Question: MALT1 program and IND submissions - The company plans to move forward with IND studies for the MALT1 program and remains open to potential partnerships [56][57] Question: Software revenue seasonality - Management confirmed that Q1 typically shows stronger software revenue compared to Q2, with expectations for higher growth in the second half of the year [61][62] Question: AstraZeneca collaboration details - The expanded collaboration with AstraZeneca is a significant step, transitioning from a pilot program to broader deployment across their programs [72][73] Question: Cost of constructing internal programs - The estimated cost for external companies to construct similar internal programs is around $30 million to $40 million for software licenses alone [75] Question: Progress on collaborative programs - The company remains confident in advancing collaborative programs through GLP-tox studies and IND enabling studies [80] Question: Pharmaceutical purchasing dynamics - Most contracts are annual, but companies may make incremental decisions throughout the year based on needs [88][89]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39206 Schrodinger, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 95-4284541 (State or other jurisdiction o ...

SCHRÖDINGER. Transforming Discovery of Therapeutics and Materials March 23, 2021 Cautionary Note and Disclaimer This presentation contains certain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this presentation, including, without limitation, statements regarding the potential advantages of our physics-based computational plat ...

Start Time: 08:30 January 1, 0000 9:16 AM ET Schrödinger, Inc. (NASDAQ:SDGR) Q4 2020 Earnings Conference Call March 04, 2021, 08:30 AM ET Company Participants Ramy Farid - President and CEO Joel Lebowitz - EVP and CFO Karen Akinsanya - EVP, Chief Biomedical Scientist, Head of Discovery R&D Jaren Madden - SVP, IR and Corporate Communications Conference Call Participants Michael Yee - Jefferies Do Kim - BMO Capital Markets Michael Ryskin - Bank of America Merrill Lynch Operator Thank you for standing by, and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-39206 Schrodinger, Inc. (Exact name of Registrant as specified in its Charter) Delaware 95-4284541 (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2020 was $25.8 million, representing a 29% increase compared to Q3 2019 [11][34] - Software revenue reached $22.9 million, an increase of 42% year-over-year [11][35] - Gross profit was $15.3 million, up 43% from the same quarter last year [39] - Operating expenses were $30.7 million, a 40% increase compared to Q3 2019 [40] - Net income adjusted for non-controlling interests was $3.9 million, compared to a net loss of $11.5 million in Q3 2019 [42] Business Line Data and Key Metrics Changes - Drug discovery segment revenue was $2.9 million, down 24% compared to Q3 2019, primarily due to the timing of program milestones [37] - Deferred revenue balance at the end of the quarter was $21.7 million, a 13% increase from Q3 2019 [39] Market Data and Key Metrics Changes - The company experienced growth in both life sciences and material science sectors, with material science growing at a higher percentage than life sciences [36][62] - The company is expanding into new verticals, including polymers and energy storage, indicating a growing market presence [62] Company Strategy and Development Direction - The company aims to accelerate the growth of its software business and advance its drug discovery programs [4][10] - Plans to initiate IND-enabling studies for at least one program in the first half of 2021 [40][30] - The company is focused on maintaining its lead in drug discovery technology and is open to exploring M&A opportunities [64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its strategy despite potential temporary delays in drug discovery programs due to COVID-19 [44][45] - The company is well-positioned to deliver on its mission to transform drug discovery and materials design [46] Other Important Information - The company raised $347 million in gross proceeds from a follow-on public offering, increasing cash and equivalents to $599 million [10][43] - The company continues to hire talented scientists and software developers to support its growth [14] Q&A Session Summary Question: How has the company capitalized on deeper engagement with the platform? - Management noted that the technology has significantly improved, leading to increased validation and scaling up of software use by larger companies [49] Question: When will the company decide to move internal drugs into clinical studies? - Management indicated that they are building the necessary infrastructure and hiring to support clinical studies, with plans to initiate GLP-tox studies [50] Question: Are there metrics to support customer acceleration in usage? - Management confirmed that they are seeing significant contributions from increased adoption by large customers, leading to larger contract sizes and additional licenses [56] Question: What are the investment priorities going forward? - Management emphasized the importance of ramping up capabilities for IND-enabling studies and maintaining investment in both drug discovery and material science [64]