Finance Monthly - January 2022

Doximity is an online platform that enables medical professionals to collaborate with colleagues, securely coordinate patient care, conduct virtual patient appointments, and stay up to date with the latest medical news and research. Its clients include medical organisations, particularly pharmaceutical manufacturers, health systems, and medical recruiting companies. With such a large user base on the platform, it should be no surprise that all 20 of the top pharmaceutical manufacturers advertise on Doximity, and the company made over £150m in revenue in 2020. Since its IPO in June, its stock price has increased by 195% and its revenue is estimated to be between £64.3m and £65.1m for the end of Q3 2021. Looking to next year, instead of striving for a 100% market share of doctors and medical students in the US, the company could potentially expand internationally or into new professions like law or law enforcement - both areas where enhanced communication could improve the industry. While it’s difficult to predict what will happen to these companies in 2022 and beyond, one thing is clear, they all provide services that are in high demand in their respective markets and offer unique products that rival even the largest companies. All six organisations have grown significantly since their IPOs and will continue to be ones to watch as we enter a new year. What does the future have in store for these organisations? Finance Monthly. Inve s tmen t 47