Doximity stock sinks aftermarket after FY guidance slashed

Aug. 04, 2022 5:29 PM ETDoximity, Inc. (DOCS)By: Jessica Kuruthukulangara, SA News Editor9 Comments

Healthcare business graph data and growth, Insurance Healthcare. Doctor analyzing medical of business report and medical examination with network connection on laptop screen.


  • Doximity (NYSE:DOCS) stock sank 17% postmarket on Thursday after the digital platform for U.S medical professionals slashed its FY guidance in its Q1 earnings report.
  • DOCS expects FY revenue of $424M-$432M, well below consensus estimate of $455.92M. Its prior outlook was $454M-$458M.
  • FY adj. EBITDA is projected to be $178M-$186M vs. previous guidance of $192M-$196M.
  • DOCS expects Q2 revenue of $99.5M-$100.5M, lower than consensus estimate of $105.03M.
  • Q2 adj. EBITDA is estimated to be $40M-$41M vs. $32.8M in Q2 2022.
  • DOCS reported Q1 adj. EPS of $0.14 vs. $0.11 in Q1 2022.
  • Revenue rose 25% Y/Y to $90.6M.
  • Adj. EBITDA grew 8% to $33.5M, representing adj. EBITDA margins of 37% vs. 43% in Q1 2022.
  • Shares of DOCS have fallen ~22% YTD.

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