Loading...
•
Dec 31, 2024
Schrodinger Q4 2024 Earnings Report
Schrödinger reported strong fourth quarter and full-year 2024 financial results, with total revenue increasing by 19.1% and software revenue growing by 16.0% compared to the previous year.
Key Takeaways
Schrödinger delivered a strong performance in Q4 2024, with total revenue reaching $88.3 million, a 19.1% increase year-over-year, driven by robust software revenue growth of 16.0% to $79.7 million and a significant 58% increase in drug discovery revenue to $8.7 million. Despite the revenue growth, the company reported a net loss of $40.2 million for the quarter.
Total revenue for Q4 2024 increased 19.1% to $88.3 million, compared to $74.1 million in Q4 2023.
Software revenue for Q4 2024 increased 16.0% to $79.7 million, primarily due to increased hosted revenue from large customers and new multi-year agreements.
Drug discovery revenue for Q4 2024 increased 58% to $8.7 million, driven by the recognition of milestones.
Net loss for Q4 2024 was $40.2 million, compared to a net loss of $30.7 million in Q4 2023.
Revenue by Segment
Forward Guidance
Schrödinger expects continued growth in software revenue and drug discovery revenue for fiscal year 2025, with a focus on managing operating expenses and improving cash flow from operations.
Positive Outlook
- Software revenue growth is expected to range from 10% to 15% in 2025.
- Drug discovery revenue is expected to range from $45 million to $50 million in 2025.
- Operating expense growth in 2025 is expected to be less than 5%.
- Cash used for operating activities in 2025 is expected to be significantly lower than cash used in 2024.
- Software revenue for Q1 2025 is expected to range from $44 million to $48 million.
Challenges Ahead
- Software gross margin is expected to range from 74% to 75% in 2025, which is lower than the 80% reported for FY 2024.
- The company did not provide specific net income or EPS guidance for 2025.
- No specific guidance on capital expenditures or other non-operating expenses was provided.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...