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Doximity shares jump after digital health company says revenue doubled in first report since IPO

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Doximity said revenue in the fiscal first quarter climbed to $72.7 million from $36.4 million a year earlier.

Doximity, which provides professional networking and telehealth tools for medical professionals, doubled revenue in the quarter and said sales for the full fiscal year will be between $296.5 million and $299.5 million. That's an annual increase of at least 43% from $206.9 million.

Doximity's news feed includes stories that the company posts from mainstream news sources and medical and scientific journals. The comments section is open to its userbase of physicians, nurse practitioners, physician assistants, medical students, pharmacists and other health-care workers.

 

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