PGNY - Progyny jumps on beating estimates and raising outlook

• Progyny press release ( NASDAQ: PGNY ): Q3 GAAP EPS of $0.13 beats by $0.08 .
• Revenue of $205.4M (+68.0% Y/Y) beats by $10.96M .
• Shares +6.6% .
• FY 2022 Outlook : Revenue is now projected to be $775.0 million to $785.0 million, reflecting growth of 55% to 57%; Net income is projected to be $26.3 million to $28.5 million, or $0.26 to $0.29 EPS; Adjusted EBITDA ¹ is projected to be $121.0 million to $124.0 million
• Q4 Outlook : Revenue is projected to be $202.4 million to $212.4 million, reflecting growth of 59% to 67%; Net (loss) income is projected to be $(0.7) million to $1.6 million, or $(0.01) to $0.02 per diluted share; Adjusted EBITDA ¹ is projected to be $28.4 million to $31.4 million

For further details see: