Progyny Q2 revenue $195M (+52% YoY); raises FY2022 guidance lower end

Progyny, Inc.

2022-Q2 EPS reported $0.14 revenue$195,004,000

Revenue $195M vs $128.7M YoY; net income $8.8M ($0.09 diluted EPS) vs $18.7M ($0.19).
Adjusted EBITDA $32.9M (+78% YoY); margin 16.9% (+250 bps YoY).
Total clients 273 as of June 30, 2022, up from 182 a year ago.
Full-year revenue guidance raised to $750-775M; Adj. EBITDA guidance $114-122M.
Operating cash flow $19.2M vs -$7.5M YoY; no debt, $122.4M cash and marketable securities.

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