DOCS

Doximity, Inc.

35.23
USD
1.16%
35.23
USD
1.16%
27.06 107.79
52 weeks
52 weeks

Mkt Cap 3.67B

Shares Out 105.30M

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Doximity down 18% despite quarterly beats on revenue outlook

However, FQ3 revenue outlook of $88.6M-$89.6M is below the consensus estimate of $96.91M. Net income in the quarter surged 71% to ~$36.7M ($0.19 basic, $0.17 diluted earnings per share) in the prior-year period. Revenue of ~$93.7M was a ~40% year-over-year increase. For full-year fiscal 2023, revenue outlook is $454M-$458M. Consensus is $452.57M. Doximity's (DOCS) board also authorized a stock repurchase program of up to $70M of common stock beginning this quarter. See why Seeking Alpha contributor WideAlpha is bullish on Doximity (DOCS).

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