secwatch.observer — SEC 8-K summary
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Issuer:     Progyny, Inc. (PGNY)
CIK:        0001551306
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001551306-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progyny Q4 revenue $214.3M (+68% YoY); FY2022 revenue $786.9M (+57%); guides FY2023 above $1B
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- Q4 2022 revenue $214.3M, up 68% YoY; gross profit $44.5M (+77%); net income $3.4M ($0.03 diluted EPS).
- Full year 2022 revenue $786.9M, up 57% YoY; net income $30.4M ($0.30 diluted EPS); Adjusted EBITDA $125.7M (+87%).
- FY2023 guidance: revenue $1,000M-$1,030M (27-31% growth); Adjusted EBITDA $166M-$174M; net income $27.0M-$32.7M.
- Q1 2023 guidance: revenue $245M-$250M (42-45% growth); Adjusted EBITDA $41.5M-$44.0M.
- Clients grew to 288 from 191 a year ago; no debt; working capital $274.3M; operating cash flow $80.4M in FY2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551306/000155130623000009/0001551306-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551306/000155130623000009/pgny-20230227.htm
  HTML page:      https://secwatch.observer/filing/0001551306-23-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer