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Mar 31, 2023
Doximity Q4 2023 Earnings Report
Reported Q4 2023 financial results, showing revenue growth and profitability.
Key Takeaways
Doximity announced its Q4 2023 financial results, featuring an 18% year-over-year increase in revenue to $111.0 million and a net income of $30.7 million, representing a 28% margin. The company also appointed Craig Overpeck as SVP of commercial operations and Ben Greenberg as SVP of commercial products.
Q4 total revenues reached $111.0 million, an 18% increase year-over-year.
Net income margin for Q4 was 28%, while adjusted EBITDA margin was 44%.
Craig Overpeck and Ben Greenberg were appointed as new senior leadership members.
A record number of providers used Doximity's physician cloud in Q4.
Doximity
Doximity
Forward Guidance
Doximity provided revenue and adjusted EBITDA guidance for the fiscal first quarter ending June 30, 2023, and for the fiscal year ending March 31, 2024.
Positive Outlook
- Revenue between $106.5 million and $107.5 million for the fiscal first quarter ending June 30, 2023.
- Adjusted EBITDA between $39.0 million and $40.0 million for the fiscal first quarter ending June 30, 2023.
- Revenue between $500 million and $506 million for the fiscal year ending March 31, 2024.
- Adjusted EBITDA between $216 million and $222 million for the fiscal year ending March 31, 2024.