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Doximity Announces Fiscal 2022 Second Quarter Financial Results Total revenues of $ 79.4 million , up 76 % year - over - year Net income margin of 45 % and adjusted EBITDA margin of 41 % SAN FRANCISCO , Calif . , November 9 , 2021 -- Doximity , Inc. ( NYSE : DOCS ) , the leading digital platform for U.S. medical professionals , today announced results for the fiscal 2022 second quarter ended September 30 , 2021 . " We're pleased to report another strong financial quarter as the shift to digital among our clients continues , " said Jeff Tangney , co - founder & CEO at Doximity . " We're particularly proud that our existing clients generated a record 173 % net revenue retention rate ( for the trailing 12 months ) , and that our telehealth platform grew to a record of over 330,000 active providers . ” Fiscal 2022 Second Quarter Financial Highlights : All comparisons , unless otherwise noted , are to the three months ended September 30 , 2020 . Revenue : Revenue of $ 79.4 million versus $ 45.1 million , an increase of 76 % year - over - year . Net income and non - GAAP net income : Net income of $ 36.1 million versus $ 10.0 million , representing a 45 % margin . Non - GAAP net income of $ 41.6 million , versus $ 11.2 million , representing a 52 % margin . Adjusted EBITDA : Adjusted EBITDA of $ 32.8 million versus $ 12.6 million , an increase of 160 % year - over - year , representing adjusted EBITDA margins of 41 % , versus 28 % . Exhibit 99.1 Net income per share and non - GAAP net income per share : Diluted net income per share was $ 0.17 , versus $ 0.02 , while non - GAAP diluted net income per share was $ 0.19 , versus $ 0.02 . Financial Outlook Operating cash flow and free cash flow : Operating cash flow of $ 19.2 million , versus $ 12.7 million , and free cash flow of $ 18.1 million , versus $ 11.3 million . Doximity is providing guidance for its fiscal third quarter ending December 31 , 2021 as follows : Revenue between $ 85.8 million and $ 86.8 million . Adjusted EBITDA between $ 32.0 million and $ 33.0 million . Doximity is updating guidance for its fiscal year ending March 31 , 2022 as follows : Revenue between $ 326.1 million and $ 328.1 million . Adjusted EBITDA between $ 127.6 million and $ 129.6 million . Lock - up Expiry on November 12 , 2021 In connection with the Company's initial public offering of Class A common stock , its executive officers , directors , and substantially all of its stockholders were parties to lock - up agreements that restrict their ability to sell or transfer their Doximity shares . Pursuant to the terms of the lock - up agreements , the lock - up will expire at the opening of trading on November 12 , 2021. Certain of the shares of the Company's common stock that become eligible for sale in the public market upon the lock - up expiration remain subject to volume and other restrictions of Rule 144 of the Securities Act of 1933 , as amended , and restrictions on insider trading in accordance with Company policy . 1