San Francisco, California-based Doximity, which went public in June, reported $72.7 million in revenue in its first quarter, up from $36.4 million in the same period last year. Doximity pursues a “land and expand strategy” to cross sell its digital advertising services to existing clients. Doximity reported net income of $26.3 million for the quarter with a net profit margin of 36%. However, Doximity’s executive team is confident the future healthcare advertising market is no longer just conferences and office visits. The company is estimated revenue between $73 and $74 million for the second quarter and between $296.5 million and $299.5 million at the end of the fiscal year in March 2022.

Source: Forbes August 10, 2021 22:59 UTC