Daily BriefsHealthcare

Health Care: Progyny Inc and more

In today’s briefing:

  • Progyny (PGNY US): Stellar Q4 Results; 2022 Guidance Reiterated on the Back of Business Recovery

Progyny (PGNY US): Stellar Q4 Results; 2022 Guidance Reiterated on the Back of Business Recovery

By Tina Banerjee

  • Progyny Inc (PGNY US) shares are bouncing off their lows following strong Q4 results and  guidance reiteration. Continued stellar growth amid large and underpenetrated TAM call for strong upside potential. 
  • After impacted by Omicron in December, business activity has rapidly recovered to normal levels this year. Management has guided for 50% y/y revenue growth for 2022.
  • For 2022, Progyny added 85 new clients, with 1.2 million covered lives, which will be its long-term growth driver. The company is well-positioned for 70% revenue CAGR during 2021–2024.

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