Progyny sees FY23 revenue $1B-$1.03B, consensus $1.02B

"Substantially all of our newest clients and lives have launched their benefit already, with only a handful expected to do so over the coming months," said Mr. Anevski. "Once all of our newest clients are live in 2023, we continue to expect that we will have more than 370 clients representing an estimated 5.4 million covered lives, which compares to the 265 clients and 4 million covered lives that were under commitment as of the start of 2022. "We believe the macro trends that have been fueling our growth remain intact, as reflected in the healthy utilization that contributed to our strong performance in 2022. Based on that, as well as the results of our record selling season, we are pleased to announce our guidance for the first quarter and full year 2023, which reflects both significant ongoing topline growth as well as the continued expansion of our margins."