Doximity Q1 2022 Earnings Report
Key Takeaways
Doximity reported a strong first quarter for fiscal year 2022, with revenue up 100% year-over-year and net income margin of 36%. The company's adjusted EBITDA margin was 43%.
Revenue was $72.7 million, up 100% year-over-year.
Net income was $26.3 million, representing a margin of 36%.
Adjusted EBITDA was $31.2 million, representing a margin of 43%.
Net revenue retention was 167%.
Doximity
Doximity
Forward Guidance
Doximity is providing guidance for its fiscal second quarter ending September 30, 2021 as follows: Revenue between $73.0 million and $74.0 million. Adjusted EBITDA between $26.4 million and $27.4 million. Doximity is providing guidance for its fiscal year ending March 31, 2022 as follows: Revenue between $296.5 million and $299.5 million. Adjusted EBITDA between $106.0 million and $109.0 million.
Positive Outlook
- Revenue between $73.0 million and $74.0 million for the fiscal second quarter ending September 30, 2021.
- Adjusted EBITDA between $26.4 million and $27.4 million for the fiscal second quarter ending September 30, 2021.
- Revenue between $296.5 million and $299.5 million for the fiscal year ending March 31, 2022.
- Adjusted EBITDA between $106.0 million and $109.0 million for the fiscal year ending March 31, 2022.