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