secwatch.observer — SEC 8-K summary
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Issuer:     Progyny, Inc. (PGNY)
CIK:        0001551306
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001558370-22-007387
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progyny Q1 revenue $172.2M (+41%); net income $5.0M; raises FY22 guidance lower end
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- Revenue $172.2M (+41% YoY); gross profit $32.9M (+14%); net income $5.0M ($0.05 EPS) vs $15.2M prior year.
- Adjusted EBITDA $24.8M (+44%); margin 14.4% vs 14.1%.
- Clients grew to 264 from 179 a year ago; avg members 3.93M.
- Full-year revenue guidance narrowed to $735M-$775M; Q2 guidance $188M-$193M (46-50% growth).
- Cash used by ops $11.3M vs +$0.5M; cash/securities $105.7M, no debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551306/000155837022007387/0001558370-22-007387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551306/000155837022007387/pgny-20220505x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-007387

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