PGNY - Progyny GAAP EPS of $0.18 beats by $0.11 revenue of $258.4M beats by $11.77M

2023-05-08 16:05:32 ET

• Progyny press release ( NASDAQ: PGNY ): Q1 GAAP EPS of $0.18 beats by $0.11 .
• Revenue of $258.4M (+50.1% Y/Y) beats by $11.77M .

• The Company is providing the following financial guidance for the full year ending December 31, 2023 and the three-month period ending June 30, 2023:

  • Full Year 2023 Outlook:
    • Revenue is now projected to be $1,040 million to $1,065 million vs $1.02B consensus, reflecting growth of 32% to 35%
    • Net income is projected to be $43.6 million to $49.0 million, or $0.42 to $0.48 per diluted share vs $0.29 consensus, on the basis of approximately 103 million assumed weighted-average fully diluted-shares outstanding
    • Adjusted EBITDA ¹ is projected to be $176.5 million to $184.0 million
  • Second Quarter of 2023 Outlook:
    • Revenue is projected to be $260.0 million to $265.0 million vs $253.58M consensus, reflecting growth of 33% to 36%
    • Net income is projected to be $9.3 million to $10.4 million, or $0.09 to $0.10 per diluted share vs $0.08 consensus, on the basis of approximately 102 million assumed weighted-average fully diluted-shares outstanding
    • Adjusted EBITDA ¹ is projected to be $44.0 million to $45.5 million

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