Schrodinger (SDGR) reported a Q3 non-GAAP net loss Tuesday of $0.87 per diluted share, wider than a loss of $0.70 a year earlier.

Analysts polled by Capital IQ expected a normalized loss of $0.65.

Total revenue for the quarter ended Sept. 30 was $35.3 million, down from $42.6 million a year earlier.

Analysts surveyed by Capital IQ expected $40.6 million.

Schrodinger shares rose by more than 6% in recent premarket trading.

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