financetom
Business
financetom
/
Business
/
Doximity Reports Strong Q2 Earnings Results, Shares Soar
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Doximity Reports Strong Q2 Earnings Results, Shares Soar
Nov 9, 2024 12:45 PM

Doximity Inc ( DOCS ) shares are surging in Thursday’s after-hours session after the company reported better-than-expected financial results for the second quarter.

Q2 Revenue: $136.83 million, versus estimates of $127.15 million

Q2 Adjusted EPS: 30 cents, versus estimates of 25 cents

Revenue was up 20% year-over-year. The company generated $68.3 million in operating cash flow and $66.8 million in free cash flow during the quarter. Free cash flow was up 475% year-over-year.

“Our clinical workflow tools saw record use in the second quarter with over 600,000 unique active prescribers. We’re proud to help physicians save time, so they can provide better care for their patients,” said Jeff Tangney, co-founder and CEO of Doximity ( DOCS ).

Guidance: Doximity ( DOCS ) expects third-quarter revenue to be in the range of $152 million to $153 million. The company anticipates third-quarter Adjusted EBITDA of $83 million to $84 million.

Doximity ( DOCS ) sees full-year revenue between $535 million and $540 million. The company expects full-year Adjusted EBITDA to be in the range of $274 million to $279 million.

DOCS Price Action: Doximity ( DOCS ) shares were up 37.91% after hours at $59.88 at the time of publication Thursday, according to Benzinga Pro.

Read Next:

Fortinet Q3 Earnings: Revenue Beat, EPS Beat, Billings Up 6%, Shares Slide

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
UK High Commission: PM Johnson to announce slew of commercial pacts during his two day India visit
UK High Commission: PM Johnson to announce slew of commercial pacts during his two day India visit
Apr 21, 2022
During his two day India visit, British Prime Minister Boris Johnson will announce a raft of commercial agreements, the UK High Commission said. The UK seeks Indian partnership in science and tech collaboration, including a digital health partnership and a joint investment fund for Indian deep-tech and AI start-ups.
Before leaving for India, UK PM Johnson says Ukraine peace talks are doomed because of
Before leaving for India, UK PM Johnson says Ukraine peace talks are doomed because of "crocodile" Putin
Apr 21, 2022
Blaming Russian President Putin for failed Russia-Ukraine talks, UK PM Johnson said that future talks are likely to fail as he compared Putin with a crocodile.
India-UK FTA negotiations will get massive push during Boris Johnson's visit
India-UK FTA negotiations will get massive push during Boris Johnson's visit
Apr 20, 2022
British Prime Minister Boris Johnson's highly-anticipated visit to India next week will be keenly watched given the free trade agreement (FTA) agenda, which has been a big promise since the Brexit campaign. In conversation with CNBC-TV18, Ruchi Ghanashyam, former Indian ambassador to the UK, spoke about what can be expected from Johnson's India visit. She firstly explained that the UK PM's visit is aptly timed and good results are expected as India has been a priority partner for the UK since Brexit.
New US sanctions target Russian bank, oligarchs along with virtual currency industry
New US sanctions target Russian bank, oligarchs along with virtual currency industry
Apr 20, 2022
In order to further deter Russia, the US imposed sanctions on dozens of people and entities hoping to target Moscow's evasion of existing sanctions. The prominent names in the list includes Russian commercial bank Transkapitalbank and bitcoin miner BitRiver.
Copyright 2023-2026 - www.financetom.com All Rights Reserved