Progyny Q2 revenue surges 99% to $128.7M; net income of $18.7M vs loss a year ago

Progyny, Inc.

2021-Q2 EPS reported $0.34 revenue$128,651,000

Q2 net income of $18.7M ($0.19 diluted EPS) vs net loss of $1.1M in Q2 2020
Adjusted EBITDA of $18.5M (14.4% margin) vs $3.8M (5.9% margin) a year ago
Client count rose to 182 from 134; ART cycles more than doubled to 7,340
Q3 2021 revenue guidance $121M-$130M; full year revenue guidance $510M-$530M
Management notes strong sales momentum but sees short-term utilization dip in July/August

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