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The Joint Corp. Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-08 20:05
Core Insights - The Joint Corp. reported a 7% increase in revenue from continuing operations, reaching $13.1 million in Q1 2025 compared to $12.2 million in Q1 2024, driven by a greater number of franchised clinics [7][8] - System-wide sales increased by 5% to $132.6 million, indicating economic resilience [8] - The company experienced a net loss from continuing operations of $506,000, compared to a loss of $399,000 in the same quarter of the previous year [11] Financial Performance - Adjusted EBITDA for continuing operations was $46,394, down from $424,708 in Q1 2024 [12][37] - Selling and marketing expenses rose to $3.5 million from $2.2 million in Q1 2024, reflecting the costs associated with transitioning to a new marketing team [8][10] - The cost of revenue increased to $3.0 million from $2.7 million, attributed to higher regional developer royalties and commissions [7] Operational Highlights - The company sold 9 franchise licenses in Q1 2025, a decrease from 15 in Q1 2024, due to the refranchising process [9] - Five new franchised clinics were opened, while two corporate clinics were refranchised and one was closed, bringing the total clinic count to 969 [9] - The company aims to enhance its digital marketing and patient experience to drive growth in new clinic openings and system-wide sales [5] Guidance and Future Outlook - The company expects system-wide sales to be between $550 million and $570 million for 2025, compared to $530.3 million in 2024 [19] - Comp sales for clinics open for 13 months or more are projected to be in the mid-single digits, up from 4% in 2024 [19] - Consolidated Adjusted EBITDA is anticipated to be between $10.0 million and $11.5 million, compared to $11.4 million in 2024 [19]
The Joint Corp. Strengthens Management Appointing SVP Legal and SVP Operations and Patient Experience
GlobeNewswire News Room· 2025-05-06 11:05
Core Insights - The Joint Corp. is strengthening its leadership team to enhance company core, reignite growth, and improve profitability [1] Leadership Appointments - Andra J. Terrell has been appointed as Senior Vice President Legal, bringing 20 years of experience in franchising legal matters, compliance strategy, and complex transactions [2][5] - Eric Wyatt has been appointed as Senior Vice President Operations and Patient Experience, with over 30 years of experience in franchise operations and general management [4][5] Company Overview - The Joint Corp. is the largest provider of chiropractic care in the U.S., operating over 950 locations and achieving more than 14 million patient visits annually [7] - The company has been recognized in various rankings, including Franchise Times' "Top 400" and "Fast & Serious" lists, and was named "No. 1 in Chiropractic Services" by Entrepreneur [7] Business Structure - The Joint Corp. operates as a franchisor of clinics and provides management services to affiliated chiropractic practices in several states [8]
The Joint Chiropractic Observes National Arthritis Awareness Month in May
Prnewswire· 2025-05-02 12:48
– How Chiropractic Care Can Help Ease Joint Pain and Improve Mobility –SCOTTSDALE, Ariz., May 2, 2025 /PRNewswire/ -- According to the CDC, arthritis affects more than 50 million Americans, and nearly 26 million of those with arthritis are unable to do everyday activities. The Joint Corp. (NASDAQ: JYNT), the nation's largest franchisor of chiropractic care through The Joint Chiropractic® network, is encouraging patients to consider natural ways to support long-term joint health.Arthritis is one of the most ...
The Joint Chiropractic Ranks 37 on Entrepreneur's Fastest-Growing Franchises List, Joins the 10+ Club
Prnewswire· 2025-05-01 12:50
SCOTTSDALE, Ariz., May 1, 2025 /PRNewswire/ -- The Joint Corp. (NASDAQ: JYNT), the nation's largest provider of chiropractic care through The Joint Chiropractic® network, has been named one of the 150 fastest-growing franchises by Entrepreneur magazine. The list identifies franchise brands with the greatest unit growth in North America over the last year, based on the data submitted for the most recent Franchise 500. The Joint ranks No. 37, and was also named to The 10+ Club, which honors brands that are wo ...
The Joint Chiropractic Establishes Major Scholarship at Northwestern Health Sciences University
Prnewswire· 2025-03-31 12:48
Group 1 - Northwestern Health Sciences University (NWHSU) announced the creation of a major endowed scholarship by The Joint Corp., the largest franchisor of chiropractic care in the U.S. [1][6] - The scholarship aims to support chiropractic students and future healthcare leaders, with the first award expected in winter 2026 [4][2]. - The endowment will generate over $6,000 annually for scholarships, contributing to NWHSU's goal of increasing student affordability [4][3]. Group 2 - The Joint Corp. operates over 950 chiropractic clinics nationwide and has more than 14 million patient visits annually, positioning itself as a leader in the chiropractic industry [6][5]. - The company has been recognized in various rankings, including being named "No. 1 in Chiropractic Services" by Entrepreneur and listed among the "Top 50 Franchises" by SUCCESS [6][5]. - The Joint's business model focuses on making chiropractic care convenient and affordable, eliminating the need for insurance [6][7].
The Joint (JYNT) - 2024 Q4 - Earnings Call Transcript
2025-03-13 21:00
The Joint Corp (JYNT) Q4 2024 Earnings Call March 13, 2025 05:00 PM ET Company Participants Kirsten Chapman - Managing Director, Alliance Advisors IRSanjiv Razdan - CEO, President & DirectorJake Singleton - CFOAnthony Vendetti - Executive Managing Director Conference Call Participants Jeff Van Sinderen - Senior AnalystJeremy Hamblin - Senior Research AnalystGeorge Kelly - Managing Director, Senior Research Analyst Operator Good afternoon, and welcome to the Joint Corporation Fourth Quarter and Year End twen ...