Edison Investment Research - Doctor Care Anywhere Group (DOC) Doctor Care Anywhere Group - Forecast upgrade following solid Q1 performance

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Edison Investment Research

Richard Williamson

Doctor Care Anywhere Group - Forecast upgrade following solid Q1 performance

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.

29/04/2021 1 EN

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Doctor Care Anywhere Group

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AU0000116238 Australian Securities Exchange United Kingdom

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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Doctor Care Anywhere Group - Forecast upgrade following solid Q1 performance

Doctor Care Anywhere Group - Termination of coverage

Doctor Care Anywhere Group - Making progress towards profitability

Doctor Care Anywhere Group - Growth company focused on profitability

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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