NASDAQ$PGNY
Progyny Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Progyny's Q2 2022 earnings report highlighted record quarterly revenue and strong employer demand.
Progyny reported a strong second quarter with a 52% increase in revenue compared to the prior year, reaching $195.0 million. The company saw growth in both fertility and pharmacy benefit services, and raised the lower end of its full-year guidance range.
- Revenue reached a record $195.0 million, a 52% increase year-over-year.
- Fertility benefit services revenue increased by 37% to $126.8 million.
- Pharmacy benefit services revenue increased by 87% to $68.2 million.
- Adjusted EBITDA increased by 78% to $32.9 million, with an Adjusted EBITDA margin of 16.9%.
Headline financials
Revenue & EPS history
Progyny · Revenue · Quarterly
$195M
Revenue by segment
Progyny · $195M total across 2 segments · Q2 2022
- Fertility Benefit Services$127M+37.4%65.0%
- Pharmacy Benefit Services$68.2M+87.4%35.0%
Forward guidance
Progyny provided financial guidance for the year ending December 31, 2022, and the three-month period ending September 30, 2022.
Tailwinds
- Full Year 2022 Revenue is now projected to be $750.0 million to $775.0 million, reflecting growth of 50% to 55%
- Full Year 2022 Net income is projected to be $13.8 million to $19.5 million, or $0.14 to $0.19 per diluted share
- Full Year 2022 Adjusted EBITDA is projected to be $114.0 million to $122.0 million
- Third Quarter of 2022 Revenue is projected to be $190.0 million to $197.0 million, reflecting growth of 55% to 61%
- Third Quarter of 2022 Net income is projected to be $1.9 million to $3.3 million, or $0.02 to $0.03 per diluted share
Headwinds
- Third Quarter of 2022 Adjusted EBITDA is projected to be $29.6 million to $31.6 million
- Net income and Adjusted EBITDA ranges do not reflect any estimate for other potential activities and transactions
- Net income and Adjusted EBITDA ranges do not contemplate any discrete income tax items, including the income tax impact related to equity compensation activity.
- The company's actual future results could differ materially from what they expect.
- The company assumes no obligation to update these forward-looking statements publicly, or to update the reasons.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-1.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-0.2%
Avg return
30 days after
38%
11 / 29 earnings
Positive
+26.4%
Q2 2022
Best reaction
-20.5%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | +25.4% | +38.2% | |
| Q4 2025 | -20.5% | -20.0% | -22.4% | |
| Q3 2025 | +24.3% | +33.6% | +33.4% | |
| Q1 2025 | -9.7% | -6.5% | -7.2% | |
| Q4 2024 | -1.5% | -5.2% | -4.3% | |
| Q3 2024 | -18.5% | -19.3% | -12.9% | |
| Q2 2024 | -17.7% | -14.7% | -6.4% | |
| Q1 2024 | -14.4% | -14.6% | -14.2% | |
| Q4 2023 | -13.1% | -9.7% | -4.3% | |
| Q3 2023 | -4.3% | -2.1% | +17.8% | |
| Q2 2023 | +4.9% | -2.8% | -8.6% | |
| Q1 2023 | +9.3% | +5.9% | +16.8% | |
| Q4 2022 | +22.9% | +18.4% | +7.7% | |
| Q3 2022 | -2.6% | +2.0% | -13.8% | |
| Q2 2022 | +26.4% | +25.5% | +15.4% | |
| Q1 2022 | -7.1% | -15.6% | -23.1% | |
| Q4 2021 | +11.5% | +13.0% | +31.6% | |
| Q3 2021 | +2.5% | +5.8% | -22.2% | |
| Q2 2021 | -12.8% | -17.1% | +4.3% | |
| Q1 2021 | -3.2% | -8.7% | +18.4% | |
| Q4 2020 | -15.5% | -14.9% | -14.4% | |
| Q3 2020 | -0.3% | +7.0% | +38.7% | |
| Q2 2020 | +0.4% | +8.4% | -0.9% | |
| Q1 2019 | -2.4% | +4.8% | -13.7% | |
| Q1 2020 | +21.8% | +18.8% | +2.1% | |
| Q4 2017 | -3.7% | -6.3% | -8.3% | |
| Q4 2019 | -12.2% | -15.5% | -39.0% | |
| Q4 2018 | -0.2% | -5.0% | -7.0% | |
| Q3 2019 | +0.5% | +0.3% | -6.5% | |
| Q2 2019 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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