jeff tangney ceo of doximity at the new york stock exchange for their ipo june 24 2021 doximity shares jumped as much as 10 in extended trading tuesday after the online health company which held its stock market debut in june said quarterly revenue doubled heres how the company did in its fiscal first quarter relative to streetaccount estimates 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 2965 million and 2995 million thats an annual increase of at least 43 from 2069 million the company is boosting revenue by providing more targeted marketing services to drugmakers and hospitals which can reach a specialized audience on doximitys news feed additionally doximity has a new telehealth offering so doctors can securely communicate with their patients while doximity didnt disclose specific revenue figures for its telehealth product the company said its now serving over 30 of all us physicians with its paid offering doximitys news feed includes stories 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 healthcare workers like other social networks doximity faces the challenge of handling increased misinformation related to the covid19 vaccine and masks in the comments cnbc reported last week doximity ceo jeff tangney said in a statement to cnbc after earnings on tuesday that such claims are coming from less than 01 of its users unfortunately we have seen an uptick in comments that weve had to remove because we found them to contain violations of our community guidelines which explicitly prohibit the posting of medical misinformation tangney wrote while commenters making inaccurate claims represent a minority 01 of our members we do recognize the need to improve our ability to identify and quickly remove misinformation from our network doximity shares rose as high as 5820 in afterhours trading before slipping to 5625 the stock closed on tuesday at 5293 clarification this story has been updated to remove a comparison between reported and actual earnings per share cnbc does not compare reported eps to wall street analysts for a companys first report since going public