Loading...
•
Jun 30, 2022
Doximity Q1 2023 Earnings Report
Doximity's Q1 2023 financial results were announced, revealing a 25% year-over-year increase in total revenues.
Key Takeaways
Doximity reported a strong first quarter for fiscal year 2023, with revenue reaching $90.6 million, a 25% increase year-over-year. The company's operating cash flow and free cash flow also saw significant growth, increasing by 35% and 32% respectively.
Total revenues reached $90.6 million, marking a 25% increase year-over-year.
Operating cash flow grew to $44.8 million, a 35% increase year-over-year.
Free cash flow increased to $42.6 million, up 32% year-over-year.
Net income was reported at $22.4 million, with a margin of 25%.
Forward Guidance
Doximity provided revenue guidance for its fiscal second quarter ending September 30, 2022 with revenue between $99.5 million and $100.5 million and adjusted EBITDA between $40.0 million and $41.0 million. Doximity is revising its guidance for its fiscal year ending March 31, 2023 with revenue between $424.0 million and $432.0 million and adjusted EBITDA between $178.0 million and $186.0 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...