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Progyny (NASDAQ: PGNY) Revises FY24 Revenue Guidance to USD 1.135B–USD 1.150B, Reflecting 4-6% Growth
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Highlights
Progyny, Inc. (NASDAQ: PGNY) is a US-based fertility services provider. It uses a preferred network to help families achieve positive results.
In Q3 FY24, Progyny’s total revenue reached USD 286.62 million, a 2.04% increase from USD 280.89 million in the prior corresponding period (pcp). However, net income decreased by 34.42%, to USD 10.42 million, compared to USD 15.89 million in pcp. The decline was attributed to higher costs of revenue and other operating expenses, despite the revenue growth.
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