Doximity Q1 revenue $108.5M (+20% YoY); workforce reduction of ~100 employees

Doximity, Inc.

2024-Q1 EPS reported $0.13 revenue$108,469,000

Revenue $108.5M (+20% YoY); adjusted EBITDA $46.6M (+39% YoY); non-GAAP EPS $0.19 vs $0.14.
Operating cash flow $57.2M (+28%); free cash flow $55.6M (+31%).
Net income $28.4M (26.2% margin); non-GAAP net income $40.6M (37.5% margin).
FY2024 revenue guidance revised to $452-468M; adjusted EBITDA $193-209M.
Workforce reduction of ~100 employees (10%); expects $8-10M restructuring charge in Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Doximity, Inc. reported fiscal quarter ended June 30, 2023 results: revenue $108.5 million, net income $28.4 million, EPS $0.13.

Period: fiscal quarter ended June 30, 2023
Revenue: $108.5 million
Net income: $28.4 million
EPS: $0.13
Result: reported results

Exact text from the filing

• Revenue: Revenue of $108.5 million, versus $90.6 million, an increase of 20% year-over-year. • Net income and non-GAAP net income: Net income of $28.4 million, versus $22.4 million, representing a margin of 26.2%, versus 24.7%. Non-GAAP net income of $40.6 million, versus $30.8 million, representing a margin of 37.5%, versus 34.0%. • Adjusted EBITDA: Adjusted EBITDA of $46.6 million, versus $33.5 million, an increase of 39% year-over-year, representing adjusted EBITDA margins of 42.9%, versus 37.0%. • Diluted net income per share and non-GAAP diluted net income per share: Diluted net income per share was $0.13, versus $0.10, while non-GAAP diluted net income per share was $0.19, versus $0.14.

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Source: SEC EDGAR

accession 0001516513-23-000066

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