Schrodinger, Inc. (NASDAQ:SDGR) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET

Company Participants

Jaren Madden - SVP, IR & Corporate Communications

Ramy Farid - CEO, President & Director

Jenny Herman - SVP, Finance & Corporate Controller

Karen Akinsanya - President, Research & Development Therapeutics

Conference Call Participants

Michael Ryskin - Bank of America Merrill Lynch

Gary Nachman - BMO Capital Markets

Vikram Purohit - Morgan Stanley

Operator

Thank you for standing by. Welcome to Schrödinger's conference call to review second quarter 2022 financial results. My name is Didi, and I'll be your operator for today's call. [Operator Instructions]. Please be advised that this call is being recorded at the company's request.

Now I would like to introduce your host for today's conference, Ms. Jaren Madden, Senior Vice President of Investor Relations and Corporate Affairs. Please go ahead, Jaren.

Jaren Madden

Thank you, and good afternoon, everyone. Welcome to today's call. During which, we will provide an update on the company and review our second quarter 2022 financial results. Earlier today, we issued a press release summarizing our financial results and progress across the company, which is available on our website at www.schrodinger.com.

Here with me on our call today are Ramy Farid, Chief Executive Officer; Jenny Herman, Senior Vice President, Finance and Corporate Controller; and Karen Akinsanya, President of R&D Therapeutics. Following our prepared remarks, we'll open the call for Q&A.

I'd like to remind you that during today's call, management will make statements related to our business that are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements related to our future financial performance, our outlook for the full year 2022 and for the third quarter ending September 30, 2022, our strategic plans to accelerate the growth of our software business and advance our collaborative and internal drug discovery programs, the timing of potential IND submissions and the initiation of clinical trials for our internal drug discovery programs, risks related to the COVID-19 pandemic, our expectations related to the use of our cash, cash equivalents and marketable securities as well as our future operating expenses.

These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Actual results may differ materially from what we project today due to a number of important factors, including the considerations described in the Risk Factors section and elsewhere in the filings we make with the SEC including our Form 10-Q for the period ended June 30, 2022. These forward-looking statements represent our views only as of today, and we caution you that we may not update them in the future, whether as a result of new information, future events or otherwise.