Why Doximity Stock is Up More Than 70% in After-Hours Trading Thursday

Digital health care company Doximity Inc (NYSE: DOCS ) reported first-quarter financial results Thursday after market close. Here are the key highlights and why the stock is soaring after hours. Doximity Q1 Earnings Doximity reported first-quarter revenue of $156.6 million, up 7% year-over-year. The revenue total beat the Street consensus estimate of $151.7 million according to data Pro. The company reported earnings of 29 cents per share, narrowly missing a Street estimate of 30 cents per share. Adjusted EBITDA was $74.8 million in the quarter, with a margin of 48%. "We’re proud that our clinical AI assistant, Doximity Ask, was the top-performing U.S.-based model in the NOHARM benchmark while we delivered another quarter of record engagement," Doximity CEO Jeff Tangney said. The CEO said the company had workflow active prescriber growth of more than 30% year-over-year and AI search q...