Fierce Healthcare February 9, 2024
Doximity, a digital platform for medical professionals, is doubling down on its investment in artificial-intelligence-powered technology to fuel its growth as it boosts its 2024 revenue guidance.
The company reported 17% revenue growth in its fiscal 2024 third quarter, which ended Dec. 31, bringing in $135 million, reflecting a 6% surpass of guidance.
The company’s bottom line was also strong in the third quarter, bringing in a profit of $48 million, up 43% compared to a year ago. Doximity reported an adjusted EBITDA margin of 54% or $73 million, which was 18% above the high end of its guidance. Quarterly earnings came in at 29 cents per share, beating Wall Street estimates.
Doximity, which provides scheduling, telehealth and clinical workflow...
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