earnings
confidence high
sentiment positive
materiality 0.80
Progyny reports FY2021 revenue $500.6M (+45% YoY); guides FY2022 rev $730-775M (+50% midpt)
Progyny, Inc.
2021-FY EPS reported
$0.66
revenue$500,621,000
- FY2021 revenue $500.6M (45% growth); net income $65.8M ($0.66 EPS); adj. EBITDA $67.3M (13.5% margin, +410bps).
- Q4 2021 revenue $127.6M (27% growth); adj. EBITDA $15.1M (28% growth); gross margin excl. SBC improved 170bps to 23.4%.
- Clients grew to 191 from 135; ART cycles increased 50% to 28,413; average members 2.81M (+28%).
- FY2022 guidance: rev $730-775M (46-55% growth); adj. EBITDA $110-122M; net income $(1.4)M to $7.0M.
- Q1 2022 guidance: rev $165-170M (35-39% growth); adj. EBITDA $23.5-24.5M; net loss $(2.1)-$(1.4)M.