Reconsidering Doximity Shares: Should Investors Bet On A Sustained Revenue Growth Inflection
DOCSDoximity(DOCS) Seeking Alpha·2024-08-23 17:29
Morsa Images Pondering the issue of sustainable growth Earlier this month, Doximity, whose shares had been languishing in investor purgatory for most of 2024 reported its results for fiscal Q1 2025. The results were significantly better than had been anticipated with revenues of $127 million compared to the prior forecast of $120 million, and adjusted EBITDA of $66 million compared to a prior forecast of $56 million. Year over year revenue growth was 17% while the adjusted EBITDA rose by 42% and the adj ...