secwatch.observer — SEC 8-K summary
======================================

Issuer:     Progyny, Inc. (PGNY)
CIK:        0001551306
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001551306-24-000096
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progyny Q1 revenue up 7.6% to $278M; cuts FY revenue guidance to $1.23-1.27B
----------------------------------------------------------------------------

- Q1 revenue $278.1M (+7.6% YoY), net income $16.9M ($0.17 diluted EPS), adjusted EPS $0.39.
- Adjusted EBITDA $50.3M (+8%), margin 18.1% vs 17.9% prior year period.
- FY 2024 revenue guidance lowered to $1.23-1.27B (from prior $1.27-1.31B) citing lower March utilization.
- Repurchased 723,577 shares for $26.4M in Q1; $32M remains under $100M buyback authorization.
- Clients grew 19% YoY to 451; ART cycles increased 12.4% to 14,802.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551306/000155130624000096/0001551306-24-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551306/000155130624000096/pgny-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001551306-24-000096

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