As seems to be a quarterly routine, I wrote another article summarising my thoughts on DOC's latest results. It's only a short one (1k words) as it's hard to argue with these results. Revenue was well ahead of my expectations and makes me very confident they'll smash their 2022 guidance of 40-50% revenue growth. Gross margin expansion was fantastic and even better given they don't finish rollout of their new operating model for another 1-2 quarters. Only downside is continued high cash burn ... But valuation is bonkers at these levels imo at around 1x revenue.
https://jordanmartenstyn.substack.com/p/doctor-care-anywhere-a-sleeping-telehealth?s=w
As seems to be a quarterly routine, I wrote another article...
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