PGNY - Progyny Inc. (PGNY) Q1 2024 Earnings Call Transcript
2024-05-09 22:57:08 ET
Progyny, Inc. (PGNY)
Q1 2024 Earnings Conference Call
May 9, 2024 4:45 PM ET
Company Participants
James Hart – Investor Relations
Pete Anevski – Chief Executive Officer
Mark Livingston – Chief Financial Officer
Michael Sturmer – President
Conference Call Participants
Anne Samuel – JPMorgan
Michael Cherny – Leerink
Glen Santangelo – Jefferies
Jailendra Singh – Truist
Sarah James – Cantor Fitzgerald
Scott Schoenhaus – KeyBanc
Stephanie Davis – Barclays
Richard Close – Canaccord Genuity
David Larson – BTIG
Allen Lutz – Bank of America
Presentation
Operator
Good day, everyone, and welcome to the Progyny, Inc. First Quarter 2024 Earnings Call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation.
It’s now my pleasure to turn the floor over to your host, James Hart. James, the floor is yours.
James Hart
Thank you, Tom, and good afternoon, everyone. Welcome to our first quarter conference call. With me today are Pete Anevski, CEO of Progyny; Michael Sturmer, President; and Mark Livingston, CFO. We will begin with some prepared remarks before we open the call for your questions.
Before we begin, I would like to remind you that our comments and responses to your questions today reflect management’s views as of today only and will include statements related to our financial outlook for both the second quarter and full year 2024 and the assumptions and drivers underlying such guidance, the demand for our solutions our expectations for our selling season for 2025 launches, anticipated employment levels of our clients in the industries that we serve, the timing of client decisions, our expected utilization rates and mix, the potential benefits of our solution, our ability to acquire new clients and retain and upsell existing clients, our market opportunity and our business strategy, plans, goals and expectations concerning our market position, future operations and other financial and operating information, which are forward-looking statements under the federal securities law.
Actual results may differ materially from those contained in or implied by these forward-looking statements due to risks and uncertainties associated with our business as well as other important factors. For a discussion of the material risks, uncertainties, assumptions and other important factors that could impact our actual results, please refer to our SEC filings and today’s press release, both of which can be found on our Investor Relations website.
Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events.
During the call, we will also refer to non-GAAP financial measures such as adjusted EBITDA, adjusted EBITDA margin on incremental revenue and adjusted earnings per share. More information about these non-GAAP financial measures, including reconciliations with most comparable GAAP measures are available in the press release, which is available at investors.progyny.com....
Progyny, Inc. (PGNY) Q1 2024 Earnings Call Transcript