PGNY - Progyny stock slides after Q4 results FY forecast

Progyny shares fall ([[PGNY]] -8.2%) after the company posted fourth-quarter results and disclosed its full-year forecast for 2021.Q4 revenue of $100.3M (+54.0% Y/Y), beats by $2.44M.2021 guidance: Revenue is projected to be $520M to $540M; Net income is projected to be $30.1M to $37.4M, or $0.29 to $0.36 per share; Adjusted EBITDA is projected to be $63M to $68M.Net cash provided by operating activities for the fourth quarter of 2020 was $6.5M, compared to $5.5M in the prior year period.As of December 31, 2020, the company had total working capital of about $112.4M and no debt.Previously (Feb. 24): Progyny EPS of $0.07.

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Progyny stock slides after Q4 results, FY forecast