Summary by Moomoo AI
Doximity, a leading digital platform for U.S. medical professionals, reported a strong financial performance for the quarter ended June 30, 2024. The company's revenue increased to $126.7 million, up 17% from $108.5 million in the same quarter of the previous year. Net income also saw a significant rise, reaching $41.4 million compared to $28.4 million in the prior year's quarter, marking a substantial year-over-year growth. Basic and diluted net income per share for the quarter were $0.22 and $0.21, respectively, compared to $0.15 and $0.13 for the same period in 2023. The company's effective tax rate was 22.2% for the quarter, up from 17.7% in the previous year. Doximity's adjusted EBITDA for the quarter was $65.9 million, a notable increase from $46.6 million in the same quarter of the...Show More