other material
confidence high
sentiment positive
materiality 0.70
Doximity targets $1B revenue by FY2028, adds $200M buyback, unveils AI tools
Doximity, Inc.
- Long-term target: >$1B revenue in fiscal 2028; adjusted EBITDA margins of 45%+.
- Board authorized $200M share repurchase over next 24 months.
- New workflow metric: >500,000 quarterly active workflow providers as of March 31, 2023.
- Launched AI chatbot BestDoc.ai, Hold for Me call assistant, and hospital directories at 50+ hospitals.
- CEO notes paid enterprise subscriptions now cover over 40% of U.S. physicians.