Doctor Care Anywhere Group’s (DOC’s) Q121 update showed that it continues to grow robustly in 2021, with revenue and consultations up c 260% y-o-y, ending the period with a solid balance sheet (net cash of £35.1m). Management remains confident of the growth potential for the rest of the year and expects revenue in 2021 to grow by at least 100% above 2020 levels. We have upgraded our FY21 forecasts following a robust Q1 and the company’s upbeat outlook for 2021.
29 Apr 2021
Doctor Care Anywhere Group - Forecast upgrade following solid Q1 performance
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Doctor Care Anywhere Group - Forecast upgrade following solid Q1 performance
- Published:
29 Apr 2021 -
Author:
Brendan D’Souza -
Pages:
6
Doctor Care Anywhere Group’s (DOC’s) Q121 update showed that it continues to grow robustly in 2021, with revenue and consultations up c 260% y-o-y, ending the period with a solid balance sheet (net cash of £35.1m). Management remains confident of the growth potential for the rest of the year and expects revenue in 2021 to grow by at least 100% above 2020 levels. We have upgraded our FY21 forecasts following a robust Q1 and the company’s upbeat outlook for 2021.