secwatch.observer — SEC 8-K summary
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Issuer:     Progyny, Inc. (PGNY)
CIK:        0001551306
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001551306-23-000093
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progyny Q3 rev $280.9M (+37% YoY), net income $15.9M; raises FY guidance
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- Record quarterly revenue $280.9M, up 37% YoY; net income $15.9M ($0.16 diluted EPS).
- Adjusted EBITDA $50.0M (+43% YoY), margin 17.8% vs 17.0% prior year.
- Added 1.3M new covered lives in selling season; clients at 392 vs 282 a year ago; ~100% retention.
- Raised FY 2023 revenue guidance to $1,087-1,095M and Adj. EBITDA to $186-188.5M.
- First federal government plan win with ~300k covered lives; expects lower margin from this population in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551306/000155130623000093/0001551306-23-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551306/000155130623000093/pgny-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001551306-23-000093

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