Doximity Stock Jump Yesterday After Digital Health Company Says Revenue Doubled


I own this stock (DOCS) and it jump big time off the news of there first report since IPO.


Check out how they did.


Revenue: $72.7 million vs. $63.6 million expected

Earnings: 11 cents per share adjusted


"Doximity, which provides professional networking and telehealth tools for medical professionals, doubled revenue in the quarter and said sales for the full fiscal year will be between $296.5 million and $299.5 million. That’s an annual increase of at least 43% from $206.9 million."


Doximity CEO Jeff Tangney said in a statement


“Unfortunately, we have seen an uptick in comments that we’ve had to remove because we found them to contain violations of our community guidelines, which explicitly prohibit the posting of medical misinformation,” Tangney wrote. “While commenters making inaccurate claims represent a minority (<0.1%) of our members, we do recognize the need to improve our ability to identify and quickly remove misinformation from our network.”



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