- Proven Operator Grows to 96 Clinics and Commits to Open 10 Additional Clinics - - Sale Price Included $8.3 Million Plus Regional Developer Rights that Generated $855,000 in Royalties and Franchise Fees over the 12 Months Ended March 31, 2025 - SCOTTSDALE, Ariz., July 07, 2025 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ: JYNT), the nation's largest franchisor of chiropractic care through The Joint Chiropractic® network, closed the sale of 31 corporate owned and managed clinics and associated franchise lice ...

– New App Brings Convenient Features to Patients –SCOTTSDALE, Ariz., July 1, 2025 /PRNewswire/ -- Today, The Joint Corp. (NASDAQ: JYNT), the nation's largest franchisor of chiropractic care through The Joint Chiropractic® network, announces the launch of its new mobile app, now available for download in the Apple App Store and Google Play.Created to enhance patient convenience and connectivity, the mobile app introduces a suite of features designed to simplify and elevate the in-clinic experience. The app i ...

Core Insights - The Joint Corp. has appointed Scott J. Bowman as the new Chief Financial Officer, effective June 10, 2025, replacing Jake Singleton [3][4] - Bowman's extensive experience includes serving as CFO for multiple publicly traded companies and is expected to drive the company's strategic initiatives [4][5] - The company aims to execute a multiphase strategy focused on growth, overhead reduction, and profitability improvement [4][5] Company Overview - The Joint Corp. is the largest provider of chiropractic care in the U.S., operating through The Joint Chiropractic network [7][8] - The company has over 950 locations nationwide and records more than 14 million patient visits annually [8] - The Joint Chiropractic is recognized as a leader in the chiropractic industry, consistently appearing on various franchise rankings [8] Leadership Background - Scott J. Bowman has over 30 years of experience in finance, having served as CFO at several notable companies, including Leslie's Inc. and Dave & Buster's [5][6] - He holds a B.S. in Accounting and Finance and an MBA, along with a CPA designation [6]

Summary of The Joint Corp (JYNT) FY Conference Call Company Overview - **Company Name**: The Joint Corp (operating as The Joint Chiropractic) - **Established**: 1999 - **Business Model**: National chain of chiropractic clinics with a focus on affordable, routine chiropractic care - **Number of Clinics**: Approximately 1,000 clinics across 41 states in the U.S. [5][6] - **Unique Proposition**: No appointment necessary, open weekends and evenings, portable treatment plans, and a cash-based self-pay model [6][8] Financial Highlights - **Revenue Model**: 85% of revenue from membership plans, with a cost per adjustment lower than typical co-pays [8] - **Market Size**: The chiropractic care market in the U.S. is over $20 billion, with The Joint operating in the self-pay segment valued at approximately $8.5 billion [9] - **Franchise Model**: Clinics can be opened for $200,000 to $250,000, with average clinic volumes around $600,000 [10] Strategic Shift to Franchise Model - **Transition**: The company is moving to a fully franchised model, selling 25 corporate clinics to franchise operators [14][15] - **Rationale**: Franchise operators are expected to manage clinics more effectively and bring in fresh capital, while the company can restructure overhead for improved profitability [15][17] - **Expected Outcomes**: Anticipated emergence as a more profitable company by 2026, with a focus on reducing general and administrative costs [20][21] Growth Prospects - **Unit Growth Potential**: Current estimate of 1,950 clinics in the U.S., indicating significant growth potential [26] - **Franchisee Profile**: 90% of franchisees operate multiple clinics, with 30% being chiropractors and 70% entrepreneurs [22][23] Revenue Growth Strategies - **New Patient Acquisition**: Shift in marketing focus to pain-centric messaging, increased brand awareness, and search engine optimization [30][32] - **Lifetime Value Extension**: Launch of a mobile app to enhance patient engagement and retention [34] - **Dynamic Pricing Strategy**: Introduction of incremental pricing adjustments to offset inflation and improve clinic-level margins [35][42] Market Dynamics and Consumer Behavior - **Chiropractor Supply**: Annual output from chiropractic schools is stable at approximately 10,600 to 11,300 graduates, not limiting growth [37] - **Consumer Trends**: Increased acceptance of chiropractic care, with nearly 1 million new patients in the last year, including 350,000 new to chiropractic [52][53] - **Impact of Economic Conditions**: Short-term softening in new patient acquisition due to consumer market uncertainty, but existing patient retention remains stable [54][55] Financial Position and Capital Allocation - **Current Financials**: $22 million in cash with no debt, indicating a strong balance sheet [61] - **Stock Repurchase Program**: Announcement of a $5 million stock repurchase program to return value to shareholders [62] Conclusion - The Joint Corp is strategically positioning itself for growth through a franchise model, focusing on enhancing profitability, expanding clinic numbers, and adapting to market dynamics while maintaining a strong financial position.

Core Viewpoint - The Joint Corp. has announced a stock repurchase program of up to $5 million, reflecting the board's confidence in the company's long-term strategy and projected cash flow generation [1][2]. Company Overview - The Joint Corp. is the largest provider of chiropractic care in the U.S. through The Joint Chiropractic network, with over 950 locations and more than 14 million patient visits annually [3]. - The company operates a retail healthcare business model that eliminates the need for insurance, making chiropractic care more accessible and affordable [3]. - The Joint Corp. has received multiple accolades, including being named "No. 1 in Chiropractic Services" by Entrepreneur and consistently ranking in Franchise Times' annual lists [3]. Business Structure - The Joint Corp. functions as both a franchisor and operator of clinics in various states, providing management services to affiliated chiropractic practices [4]. Stock Repurchase Program Details - The stock repurchase program is set to begin in August 2025 and will have a termination date of June 3, 2027. The program allows for repurchases through various means, subject to market conditions [2]. - The finance committee of the board will determine the timing, number, and amount of repurchases at its discretion [2].

Core Insights - The Joint Corp. appointed Sandi Karrmann as a Director to enhance its core operations, drive growth, and improve profitability [1][2] - Karrmann's extensive experience in human resources within the healthcare and franchise sectors is expected to contribute significantly to the company's strategic priorities for 2025 [2][3] Company Overview - The Joint Corp. is the largest provider of chiropractic care in the U.S., operating over 950 locations and facilitating more than 14 million patient visits annually [5] - The company has revolutionized access to chiropractic care through a retail healthcare business model introduced in 2010, eliminating the need for insurance [5][6] - The Joint Chiropractic is recognized in various industry rankings, including Franchise Times' "Top 400" and Entrepreneur's "Franchise 500" [5] Leadership and Strategic Focus - Sandi Karrmann has over 20 years of experience in human resources, having held senior roles at Kimberly-Clark, Tenet Healthcare, and Yum! Restaurants International [3][4] - The company aims to focus on nurturing talent, strengthening employee engagement, and retaining top chiropractic professionals as part of its growth strategy [2][5]

Core Insights - The Joint Corp. has elected Christopher M. Grandpre to its board of directors to support long-term growth objectives including new clinic openings, system-wide sales, comparable sales, and Adjusted EBITDA [1][2] Company Overview - The Joint Corp. is the largest provider of chiropractic care in the U.S. through The Joint Chiropractic network, focusing on making chiropractic care accessible and affordable without the need for insurance [5] - The company operates over 950 locations nationwide and has more than 14 million patient visits annually, positioning itself as a leader in the chiropractic industry [5] Leadership and Expertise - Christopher M. Grandpre brings over 30 years of experience in multi-branded franchise companies and M&A investment banking, having served as chairman of Empower Brands, which has sales exceeding $1.5 billion [3][4] - Grandpre's background includes founding Outdoor Living Brands and holding executive roles at various financial institutions, providing a unique perspective to The Joint's leadership [3][4] Business Model and Strategy - The Joint Corp. revolutionized chiropractic care access with its retail healthcare business model introduced in 2010, focusing on convenience and affordability for patients [5] - The company is recognized in various industry rankings, including Franchise Times' "Top 400" and Entrepreneur's "Franchise 500," highlighting its growth and innovation in the franchise sector [5]

The Joint Corp (JYNT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants David Barnard - SVP - IRSanjiv Razdan - CEO, President & DirectorJake Singleton - CFO Conference Call Participants Jeff Van Sinderen - Senior AnalystGeorge Kelly - Managing Director, Senior Research AnalystJeremy Hamblin - Senior Research AnalystJeremy Pearlman - Equity Analyst Operator Please note this event is being recorded. I would now like to turn the conference over to David Barnard of Alliance Advisors Investor ...

The Joint Corp (JYNT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Please note this event is being recorded. I would now like to turn the conference over to David Barnard of Alliance Advisors Investor Relations. Please go ahead. Speaker1 Thank you, Drew. Good afternoon, everyone. Again, this is David Barnard with Alliance Advisors Investor Relations. Joining us on the call today are President and CEO, Sanjeev Rasdan and CFO, Jake Singleton. Please note we are using a slide presentation that can b ...

Q1 2025 Financial Results As of March 31, 2025, reported May 8, 2025 NASDAQ: JYNT | © 2025 The Joint Corp. All Rights Reserved. 1 Safe Harbor Statements Certain statements contained in this presentation are "forward-looking statements." We have tried to identify these forward-looking statements by using words such as "may," "might," " will," "expect," "anticipate,'' "'believe," "could," " intend," "plan," "estimate," "should," "if," "project," and similar expressions. All statements other than statements of ...