Progyny, Inc. (PGNY) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:03.520 Thank you for holding. We sincerely. 00:00:03.860 -- 00:00:07.540 Good day, everyone. Welcome to the Progeny Inc. 00:00:07.540 -- 00:00:12.780 Second Quarter 2025 earnings call. At this time, all participants have been 00:00:12.780 -- 00:00:16.760 placed on a listen-only mode, and the floor will be open for your questions and comments 00:00:16.760 -- 00:00:21.900 after the presentation. It is now my pleasure to turn the floor over to your host, 00:00:21.900 -- 00:00:24.360 James Hart. The floor is yours. 00:00:24.360 -- 00:00:27.020 Thank you, Kelly, and good afternoon, everyone. 00:00:27.020 -- 00:00:29.080 Welcome to our Second Quarter conference call. 00:00:29.080 -- 00:00:34.340 With me today are Pete Inesky, CEO of Progeny, Michael Sturmer, President, and Mark Livingston, 00:00:34.340 -- 00:00:39.400 CFO. We will begin with some prepared remarks before we open the call for your questions. 00:00:39.400 -- 00:00:43.280 Before we begin, I'd like to remind you that our comments and responses to your questions 00:00:43.280 -- 00:00:47.820 today reflect management's views as of today only, and will include statements related 00:00:47.820 -- 00:00:53.240 to our financial outlook for both the third quarter and full year 2025, and the assumptions 00:00:53.240 -- 00:00:57.760 and drivers underlying such guidance. Our anticipated number of clients and covered lives 00:00:57.760 -- 00:00:59.520 for 2025, 00:00:59.520 -- 00:01:05.080 the demands for our solutions, our expectations for our selling season for 2026 launches, 00:01:05.080 -- 00:01:09.000 anticipated employment levels of our clients and the industries that we serve, the timing 00:01:09.000 -- 00:01:13.580 of clients' decisions, our expected utilization rates and mix, the potent...