secwatch.observer — SEC 8-K summary
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Issuer:     Progyny, Inc. (PGNY)
CIK:        0001551306
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001558370-22-002357
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progyny reports FY2021 revenue $500.6M (+45% YoY); guides FY2022 rev $730-775M (+50% midpt)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551306/000155837022002357/0001558370-22-002357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551306/000155837022002357/pgny-20220228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-002357

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