Doximity Shares Soar 21% After Company Beats on Revenue, Raises Fiscal-Year Guidance

Shares of Doximity Popped 21% on Thursday after the company reported Third -Quarter Fiscal 2025 Results that Beat Analysts’ Expectations for Revenue and Offred Rosy Guidance.

Here’s how the company did:

• Earnings per share:37 cents, may not compare with the 34 cents expected by lseg
• Revenue: $ 168.6 Million vs. $ 152.8 Million Expected By Lseg

Doximity is a digital platform for medical professionals The company primarily generates revealed its telehealth tools, hiring solutions and marketing offerings for clients such as Pharmaceutical Companies.

Doximity’s Revenue Increased 25% in Its Third Quarter from $ 135.3 Million during the same period last year, according to a release,

For its fiscal fourth quarter, doximity said it expects to report revelationue between $ 132.5 million and $ 133.5 million, Compared with Analysts’ Estimates of $ 123.83.83.83.8 million.

The company also raised guidance for its full fiscal year, and said it expects to report reverene Last QuarterWhen it expected $ 535 million to $ 540 million. Analysts was expecting $ 540 million for the year.

“We’re Proud to Deliver Another Quarter of Record Engagement in Q3, with Over 610,000 Unique Providers Using Our Clinical Workflow Tools,” Doximity CEO JEFFFF TANGNEY SAID In A Statement. “Our Ai Tools Grew The Fastest Last Quarter, Up 60% Over the Prior Quarter, While Our NewsFeed Surpassed More Than One Million Unique Providers.”

The company reported net income of $ 75.2 million, or 37 cents per share, during its third Quarter, Up from from $ 48.0 Million, or 24 cents per share, a year prior. Doximity’s Adjusted Ebitda was $ 102.0 Million, Up 39% Year Over Year.

Doximity has been a bright spot within the Battered Digital Health Sector, which has decided a Reckoning as companies have had to adjust to a More MUmed Growth Environment. The company’s stock price more than doubled in 2024.