Overview
Digital platform's fiscal Q3 revenue rose 10% yr/yr, beating analyst expectations
Adjusted EBITDA for fiscal Q3 beat analyst expectations
Company authorized $500 mln stock repurchase program
Outlook
Doximity projects fiscal Q4 revenue between $143 mln and $144 mln
Company expects fiscal year revenue between $642.5 mln and $643.5 mln
Doximity anticipates fiscal Q4 adjusted EBITDA between $63.5 mln and $64.5 mln
Result Drivers
AI INTEGRATION - Co attributed increased platform utility and engagement to the addition of AI features, with over 300,000 users engaging with AI products
RECORD ENGAGEMENT - Co reported record quarterly engagement with 1 million active prescribers and 720,000 using workflow products
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $185.05 mln | $182.20 mln (18 Analysts) |
Q3 Net Income | $61.56 mln | ||
Q3 Adjusted EBITDA | Beat | $111.40 mln | $104.66 mln (17 Analysts) |
Press Release: ID:nBw7wW2k4a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)