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Doximity | 8-K: Doximity Announces Fiscal 2025 First Quarter Financial Results

SEC ·  Aug 9, 2024 04:53

Summary by Moomoo AI

Doximity reported strong fiscal Q1 2025 results with revenue reaching $126.7 million, up 17% YoY, while net income jumped 46% to $41.4 million. The company achieved record engagement with 590,000 unique providers using its AI, telehealth, messaging and scheduling workflow tools. Adjusted EBITDA grew 42% YoY to $65.9 million, representing a 52% margin.For fiscal Q2 2025, Doximity expects revenue between $126.5-127.5 million and adjusted EBITDA of $62.5-63.5 million. The full fiscal year 2025 guidance projects revenue of $514-523 million and adjusted EBITDA of $248.5-257.5 million.The company's digital platform continues to demonstrate strong market leadership, serving over 80% of U.S. physicians across all specialties. Operating cash flow was $41.2 million and free cash flow reached $39.5 million, though both metrics declined around 28-29% YoY.
Doximity reported strong fiscal Q1 2025 results with revenue reaching $126.7 million, up 17% YoY, while net income jumped 46% to $41.4 million. The company achieved record engagement with 590,000 unique providers using its AI, telehealth, messaging and scheduling workflow tools. Adjusted EBITDA grew 42% YoY to $65.9 million, representing a 52% margin.For fiscal Q2 2025, Doximity expects revenue between $126.5-127.5 million and adjusted EBITDA of $62.5-63.5 million. The full fiscal year 2025 guidance projects revenue of $514-523 million and adjusted EBITDA of $248.5-257.5 million.The company's digital platform continues to demonstrate strong market leadership, serving over 80% of U.S. physicians across all specialties. Operating cash flow was $41.2 million and free cash flow reached $39.5 million, though both metrics declined around 28-29% YoY.
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