![Schrodinger, Inc. [SDGR] reports annual net loss of $40.7 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FSDGR.png&w=3840&q=75)
Schrodinger, Inc. [SDGR] reports annual net loss of $40.7 million
Company Reports Revenue of $216.7 million
Schrodinger, Inc. [SDGR] has reported a net loss of $40.7 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $216.7 million
Based in NEW YORK, New York, Schrodinger, Inc. operates in the MANUFACTURING sector.
In the consolidated statement of operations for the fiscal year ending December 31, 2023, the company reported total revenues of $216.7 million, showing an increase from the previous year's figure of $181.0 million as well as a significant rise from $137.9 million in 2021.
Moving to the cost of revenues, the company incurred $76.0 million in expenses in the current period, slightly lower than the $79.9 million in the previous year but higher than the $72.3 million in 2021. This resulted in a gross profit of $140.7 million for the current period, a substantial improvement from $101.0 million in the previous year and $65.6 million in 2021.
