SCOTTSDALE, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ: JYNT), the nation’s largest provider of chiropractic care through The Joint Chiropractic® network, announced that President and Chief Executive Officer Peter Holt and Chief Financial Officer Jake Singleton are scheduled to participate in the following upcoming conferences: 24th Annual B. Riley Institutional Investor Conference in Beverly Hills, CA Thursday, May 23Roundtable conversation at 1:45 pm PTOne-on-one meetings all day Oppe ...

Financial Data and Key Metrics Changes - System-wide sales grew to $126.3 million, increasing 9% compared to the same period last year [10][73] - System-wide comp sales for clinics opened for at least 13 months increased 3% [10][73] - Revenue increased by 5% to $29.7 million, with adjusted EBITDA at $3.5 million, up 74% from Q1 2023 [10][33][100] Business Line Data and Key Metrics Changes - Revenue from franchised operations increased 9%, contributing $12.2 million, while company-owned clinic revenue increased 2%, contributing $17.5 million [10] - Franchise license sales totaled 15 in Q1 2024, down from 17 in Q1 2023, but tripled compared to Q4 2023 [8][11] Market Data and Key Metrics Changes - The clinic portfolio reached 954 units, consisting of 819 franchised and 135 corporate clinics, up from 935 at the end of 2023 [30] - The average income of the patient base is between $50,000 and $105,000, indicating sensitivity to economic pressures [45] Company Strategy and Development Direction - The company is focused on a refranchising strategy as its primary initiative for 2024, with over 100 requests for information received [97] - Marketing efforts have shifted towards social media influencers to enhance brand awareness and attract new patients [9][31] Management Comments on Operating Environment and Future Outlook - Management noted that economic uncertainty is impacting new patient counts, with patients opting for over-the-counter solutions before seeking chiropractic care [25][55] - The company remains cautiously optimistic about achieving mid-single-digit comp growth for the fiscal year [106] Other Important Information - The company has initiated a preceptorship program to support chiropractic students and new graduates [35][78] - G&A expenses were $20.3 million, up only 1% year-over-year, reflecting cost control initiatives [76][61] Q&A Session Summary Question: What gives confidence in achieving mid-single-digit comp growth? - Management noted that new patient counts were down 3% in Q1 due to various factors, including the absence of a new patient promotion [82][83] Question: What is attributed to the decline in revenue for mature clinics? - Management attributed the decline to market saturation and challenges in attracting new patients to established clinics [87] Question: How is the refranchising effort progressing? - Management indicated strong interest from franchisees and is working with an investment banker to facilitate the process [48][97]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q The Joint Corp. (Exact name of registrant as specified in its charter) ☒ Delaware (State or other jurisdiction of incorporation or organization) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ______ ...

The Joint Corp. | NASDAQ: JYNT | thejoint.com Safe Harbor Statements The Joint Corp. is a franchisor of clinics and an operator of clinics in certain states. In Arkansas, California, Colorado, District of Columbia, Florida, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Washington, West Virginia and Wyoming. The Joint Corp. and its franchisees provide management services to affiliated professional ...

Financial Highlights: Q1 2024 Compared to Q1 2023 "With the vision to be the Champions of Chiropractic, we began 2024 focused on increasing new patient counts, improving existing patient engagement and refranchising the vast majority of our corporate portfolio, and we are making solid progress," said Peter D. Holt, President and Chief Executive Officer of The Joint Corp. "In the first quarter, we grew revenue and improved bottom-line year-over-year. In addition, we tripled franchise license sales compared t ...

SCOTTSDALE, Ariz., April 18, 2024 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ:JYNT), the nation's largest provider of chiropractic care through The Joint Chiropractic® network, announced it will report its first quarter 2024 financial results on Thursday, May 2, 2024, after the market close. President and CEO Peter D. Holt and CFO Jake Singleton will hold a conference call at 5:00 p.m. EDT that day to discuss the results. Shareholders and interested participants may listen to a live broadcast of the confe ...

SCOTTSDALE, Ariz., April 18, 2024 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ: JYNT), the nation's largest provider of chiropractic care through The Joint Chiropractic® network, announced it will report its first quarter 2024 financial results on Thursday, May 2, 2024, after the market close. President and CEO Peter D. Holt and CFO Jake Singleton will hold a conference call at 5:00 p.m. EDT that day to discuss the results. Shareholders and interested participants may listen to a live broadcast of the conf ...

DENVER, April 17, 2024 /PRNewswire/ -- The Joint Chiropractic, the nation's largest provider of chiropractic care through The Joint Chiropractic® network, is proud to announce a year-long sponsorship of Rachel's Challenge, a non-profit organization for school violence prevention. The Joint is honored to be joining Rachel's Challenge in its vision to create schools full of hope, free from harassment, violence, and self-harm, where teachers are free to teach and students are inspired to learn. "We are proud t ...

"Logan University is thrilled to offer its Doctor of Chiropractic students a new scholarship opportunity, with the help from The Joint Corp.," said Clay McDonald, DC, MBA, JD, Logan University president. "We are tremendously grateful for the dedicated support of The Joint Corp. as we partner on this important effort to provide financial resources to deserving students." This annual scholarship is the largest gift The Joint Corp. has made to any nonprofit. The fundamental purpose of an endowed scholarship is ...

Krischelle Tennessen appointed Chief Human Resources Officer Michael Simpson joins the Company as the new Chief Information Officer WEST JORDAN, Utah, March 19, 2024 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (NASDAQ:SPWH) announced today that it has named Krischelle Tennessen as Chief Human Resources Officer and Michael Simpson as Chief Information Officer. "These key strategic hires are significant additions to the organization as we continue to bui ...