- Doximity ( NYSE: DOCS ) is up 16% following its fiscal 2023 Q2 earnings beats and the digital platform's full-year revenue guidance included the consensus estimate.
- The company is projecting fiscal 2023 revenue of $424M-$432M. The consensus estimate is $426.36M.
- In the quarter, net income narrowed ~27% ~$26.3M compared to the year-ago period ($0.12 per share diluted, vs $0.17).
- Revenue of ~$102M was a ~29% year-over-year increase.
- Total operating expenses rose ~25% compared to fiscal 2022 Q2 to $56.9M.
- Doximity ended the quarter with cash and cash equivalents of $73.7M, a ~35% decline from Dec. 31, 2021.
- See why why Seeking Alpha contributor Alessio Pace considers Doximity ( DOCS ) a buy.
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Doximity up 16% after fiscal 2023 Q2 beats, FY revenue range includes consensus