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PGNY - Progyny: In Its Third Trimester And Poised For Healthy Growth
Progyny Inc.
Some things don't change. One of them is the desire to have children and start a family. - David Schlanger, Progyny CEO
Today we take a look at Progyny Inc. (PGNY), a relatively new IPO as of last October in the fertility insurance benefits sector. Progyny offers a novel approach to traditional employer-based fertility insurance which we will examine below.
On March 31st, Progeny posted diluted earnings of four cents a share on a 72% revenue increase year over year (YoY) beating analysts' estimates by ~93% for the first quarter of 2020.