Doximity, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 16, 2024 at 04:11 pm EDT
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Doximity, Inc. reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was USD 118.06 million compared to USD 110.97 million a year ago. Net income was USD 40.62 million compared to USD 30.67 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.16 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.14 a year ago.
For the full year, sales was USD 475.42 million compared to USD 419.05 million a year ago. Net income was USD 147.58 million compared to USD 112.82 million a year ago. Basic earnings per share from continuing operations was USD 0.78 compared to USD 0.58 a year ago. Diluted earnings per share from continuing operations was USD 0.72 compared to USD 0.53 a year ago.
Doximity, Inc. provides a digital platform for the United States medical professionals. It provides an online platform, which enables physicians and other healthcare professionals to collaborate with their colleagues, stay up to date with the latest medical news and research and manage their careers. It offers Marketing, Hiring, and Productivity Solutions to pharmaceutical manufacturers, health systems, medical recruiting firms, and certain other healthcare companies. Its Marketing Solutions enable its pharmaceutical and health system customers to get the right content, services, and peer connections to the right medical professionals through a variety of modules. Its Hiring Solutions provide digital recruiting capabilities to health systems and medical recruiting firms. Its Productivity Solutions include its telehealth, on-call scheduling, and artificial intelligence (AI)-supported medical correspondence tools and are designed to help clinicians streamline their clinical workflow.