The Joint (JYNT)
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PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes the Refinancing of $300.7 Million CLO, Marking Continued Support of PennantPark's Middle Market CLO Platform
globenewswire.com· 2024-05-21 20:40
PSSL will continue to retain the Preferred Shares and Class E-R Notes through a consolidated subsidiary. The maturity of the replacement Debt is now extended to April 2036. The replacement Debt is expected to be approximately 100% funded at close. In addition, PSSL continues to act as retention holder in the transaction to retain exposure to the performance of the securitized assets. Capital One Securities, Inc. acted as the Initial Purchaser and Lead Placement Agent, and GreensLedge Capital Markets LLC act ...
Pyxis Tankers Announces Joint Venture Agreement to Acquire Modern Dry-Bulk Vessel, Expansion of Common Share Repurchase Program & Partial Redemption of Series A Cumulative Convertible Preferred Stock
globenewswire.com· 2024-05-21 12:05
Mr. Eddie Valentis, Chairman and Chief Executive Officer of the Company, commented: "Secondhand values for modern eco-efficient product tankers continue to appreciate unabated. In our opinion, current asset prices are prohibitively high for fleet expansion of our MR's. In our commitment to enhancing shareholder value, we have continued to improve our balance sheet, repurchased common shares and selectively expanded our footprint in the dry-bulk sector. After due consideration, the independent and disinteres ...
BLM and DOGAMI Agree to a Joint Reclamation Bond for the Proposed Grassy Mountain Gold and Silver Mine
globenewswire.com· 2024-05-21 11:00
The approach undertaken by the DOGAMI and BLM aligns with how environmental bonding has been established in the mining friendly jurisdiction of Nevada. Upon submission of the reclamation cost estimate by the Company, the DOGAMI and BLM will determine a single amount to be posted as financial security. Paramount's President, COO and Director, Mr. Glen Van Treek stated, "We are extremely pleased by the co- operation shown by the DOGAMI and the BLM in their MOU. This decision will be very beneficial to the dev ...
Hillcrest Announces New Joint Development Opportunity and Provides Additional Shareholder Updates
newsfilecorp.com· 2024-05-17 12:30
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2024) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), an innovative clean technology company specializing in power conversion technologies, is pleased to announce that it is finalizing development terms with a European energy storage services innovator ("ESS Innovator") for the delivery of 300kVA | 800V Hillcrest ZVS inverters. Hillcrest is actively working with the ESS Innovator to finalize a joint development agreement. The prim ...
ThreeD Capital Inc. Issues Early Warning Report in Connection With The Disposition of Securities of infinitii ai inc.
globenewswire.com· 2024-05-16 23:45
TORONTO, May 16, 2024 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. ("ThreeD") (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through a series of recent transactions ("Dispositions"), ThreeD disposed of ownership and control of an aggregate of 5,159,000 common shares (the "Subject Shares") of infinitii ai inc. (the "Company" or "infinitii"). As a result of the Dispositions, ...
The Joint Corp. to Participate in Upcoming Investor Conferences
Newsfilter· 2024-05-07 11:05
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 23 Roundtable conversation at 1:45 pm PT One-on-one meetings all day Op ...
The Joint Corp. to Participate in Upcoming Investor Conferences
Globenewswire· 2024-05-07 11:05
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 ...
The Joint (JYNT) - 2024 Q1 - Earnings Call Transcript
2024-05-04 19:19
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]
The Joint (JYNT) - 2024 Q1 - Quarterly Report
2024-05-02 23:05
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 (JYNT) - 2024 Q1 - Earnings Call Presentation
2024-05-02 22:53
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 ...