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Doximity | 8-K: Doximity Announces Fiscal 2024 Third Quarter Financial Results

SEC announcement ·  Feb 9 05:14
Summary by Futu AI
On February 8, 2024, Doximity, Inc., a leading digital platform for U.S. medical professionals, reported its financial results for the fiscal quarter ending December 31, 2023. The company announced a 17% year-over-year increase in revenue to $135.3 million, with net income growing by 43% to $48.0 million, resulting in a net income margin of 35%. Adjusted EBITDA also saw a significant increase of 32% compared to the previous year, reaching $73.3 million. Doximity's diluted net income per share rose from $0.16 to $0.24, and non-GAAP diluted net income per share increased from $0.22 to $0.29. The company's operating cash flow and free cash flow both experienced a 3% year-over-year increase. Looking ahead, Doximity provided guidance for its fiscal fourth quarter with revenue expected to be between $115.9 million and...Show More
On February 8, 2024, Doximity, Inc., a leading digital platform for U.S. medical professionals, reported its financial results for the fiscal quarter ending December 31, 2023. The company announced a 17% year-over-year increase in revenue to $135.3 million, with net income growing by 43% to $48.0 million, resulting in a net income margin of 35%. Adjusted EBITDA also saw a significant increase of 32% compared to the previous year, reaching $73.3 million. Doximity's diluted net income per share rose from $0.16 to $0.24, and non-GAAP diluted net income per share increased from $0.22 to $0.29. The company's operating cash flow and free cash flow both experienced a 3% year-over-year increase. Looking ahead, Doximity provided guidance for its fiscal fourth quarter with revenue expected to be between $115.9 million and $116.9 million, and adjusted EBITDA projected between $50.5 million and $51.5 million. The company also updated its full fiscal year guidance, anticipating revenues between $473.3 million and $474.3 million, and adjusted EBITDA between $224.5 million and $225.5 million. Doximity's CEO, Jeff Tangney, expressed pride in the company's double-digit engagement growth and the continued daily use of their clinical workflow tools by doctors. The company now serves 17 of the top 22 U.S. hospitals as enterprise software clients.

This announcement is a separate document:

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