Operator Thank you for standing by. Welcome to Schrodinger's conference call to review the company's first quarter financial results. My name is Kevin, and I'll be your operator for today's call. [Operator Instructions] Now, I would like to introduce your host for today's conference call, Jaren Madden, Senior Vice President of Investor Relations and Corporate Communications. Please go ahead. Jaren Madden -- Senior Vice President, Investor Relations and Corporate Communications Thank you, and hello, everyone. Welcome to today's call during which we will provide an update on the company and review our financial results for the first quarter of 2021. Earlier this morning, 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, President and Chief Executive Officer; Karen Akinsanya, Executive Vice President, Chief Biomedical Scientist and Head of Discovery R&D and Joel Lebowitz, Executive Vice President and Chief Financial Officer. Following our prepared remarks, we'll open up the call for Q&A.