{"id":10272,"date":"2023-02-09T22:22:46","date_gmt":"2023-02-09T22:22:46","guid":{"rendered":"https:\/\/rosenlegal.com\/?post_type=case&#038;p=10272"},"modified":"2023-03-01T18:29:41","modified_gmt":"2023-03-01T18:29:41","slug":"progyny-inc","status":"publish","type":"case","link":"https:\/\/rosenlegal.com\/case\/progyny-inc\/","title":{"rendered":"Progyny, Inc."},"content":{"rendered":"<p>On December 7, 2022, Jehoshaphat Research published a short report addressing Progyny, entitled \u201cA Love Child of Accounting Games &amp; Credit Risk\u201d (the \u201cJehoshaphat Report\u201d). The Jehoshaphat Report alleges that Progyny \u201cis deceiving the investor community via its financial reporting practices\u201d and that Progyny \u201cis actually unprofitable but masks this problem with accounting games.\u201d Among other items, the report alleges that Progyny \u201capparently decided to recently stop accruing allowances for customer cancellations, which . . . may have added up to another ~400bps to both revenues and gross profit margins\u201d and that \u201ccredit losses\u201d reported by Progyny \u201care more like reversals of inflated revenues,\u201d citing the Company\u2019s \u201ccorporate customer base of high quality.\u201d On this news, Progyny\u2019s stock price fell sharply during intraday trading on December 7, 2022.<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}}},"categories":[],"tags":[],"acf":[],"lang":"en","translations":{"en":10272,"zh":10275},"pll_sync_post":{"en":true,"zh":true},"_links":{"self":[{"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/case\/10272"}],"collection":[{"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/case"}],"about":[{"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/types\/case"}],"wp:attachment":[{"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/media?parent=10272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/categories?post=10272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/tags?post=10272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}