- Doximity is a recent hot IPO whose valuation has doubled since its recent IPO.
- The company has developed a platform that counts more than 80% of US physicians as members.
- Its principal revenue source is selling sales and marketing "modules" to pharma and health systems, basically as part of a strategy of replacing historical sales processes that involve in-person interaction.
- The company, in addition, has built a suite of applications to facilitate recruiting and hiring of physicians and other medical personnel.
- In addition to the company's hyper-growth, it is hyper-profitable with a free cash flow margin of 40% in its most recent quarter.
For further details see:
Doximity: A Hot IPO Whose Valuation And Profitability Still Leave Upside For Potential Investors