Business
Why the Doctor Care Anywhere (ASX:DOC) share price is up 62% since December
The Doctor Care Anywhere Ltd (ASX: DOC) share price failed to continue its positive run on Thursday despite the release of a strong full year result.
The telehealth company’s shares ended the day flat at $1.30.
Despite this, the Doctor Care Anywhere share price is up over 62% since its IPO in December.
How did Doctor Care Anywhere perform in FY 2020?
For the 12 months ended 31 December, the company reported a 102% increase in revenue to 11.6 million pounds. This was 5.8% ahead of its prospectus forecast.
Management advised that its strong revenue growth was driven by a 306% increase in consultations through its platform and a 199% increase in…
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