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Stock impact report

Progyny Inc (PGNY) Q3 2024 Earnings Call Highlights: Strong Client Growth Amid Utilization ... [Yahoo! Finance]

Progyny, Inc. (PGNY) 
Last progyny, inc. earnings: 3/5 04:06 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Progyny Inc ( NASDAQ:PGNY ) added 1.1 million new lives from over 80 new client commitments, marking the fourth consecutive year of adding over a million lives. The company maintained a high client retention rate with 99% of clients renewing their contracts. Progyny Inc ( NASDAQ:PGNY ) saw strong interest in new services such as maternity, postpartum, and menopause, with 20% of existing clients and 40% of new clients adopting these services. The company successfully expanded its channel partner relationships, adding its first national health plan and another large regional health plan. Progyny Inc ( NASDAQ:PGNY ) reported a diverse client base across nearly two dozen industries, emphasizing the universal need for its services. Third quarter results were below expectations due to unexpected patterns in member activity and consumption. The progression of treatment has slowed, with members taking longer to move from consultation to treatment, impacting overall consumption. Show less Read more
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