Core Viewpoint - The Joint Corp. plans to restate its previously issued financial statements for 2024 and the first quarter of 2025 due to errors related to the impairment of assets held for sale, which will affect the reported net loss and carrying value of these assets [1][2][4][6]. Financial Impact - For the year ended December 31, 2024, the correction is expected to reduce the previously reported loss from discontinued operations by approximately $2.2 million, leading to a decrease in net loss and an increase in the carrying value of assets held for sale by the same amount [4]. - For the quarter ended March 31, 2025, the correction is anticipated to increase previously reported income from discontinued operations by approximately $0.5 million, resulting in a cumulative increase in the carrying value of assets held for sale by approximately $2.7 million [6]. Adjusted EBITDA - The adjustments for both the year ended December 31, 2024, and the quarter ended March 31, 2025, are not expected to impact Adjusted EBITDA or cash positions [5][7]. Internal Controls - The company is evaluating the impact of the identified errors on its internal control over financial reporting, expecting to conclude that there will be a material weakness in these controls during the applicable periods [8]. Company Overview - The Joint Corp. is the largest franchisor of chiropractic care in the U.S., operating over 950 locations and facilitating more than 14 million patient visits annually [10]. - The company has been recognized in various industry rankings, including Franchise Times' "Top 400" and Entrepreneur's "Franchise 500" [10]. Business Structure - The Joint Corp. operates as a franchisor and manages clinics in several states, providing management services to affiliated chiropractic practices [11].

Core Insights - The Joint Corp. will report its second quarter 2025 financial results on August 7, 2025, after market close, with a conference call scheduled for 5:00 p.m. EDT to discuss the results [1][2]. Company Overview - The Joint Corp. is the largest franchisor of chiropractic care in the U.S., operating through The Joint Chiropractic network, with over 950 locations and more than 14 million patient visits annually [4]. - The company has revolutionized access to chiropractic care since introducing its retail healthcare business model in 2010, making quality care convenient and affordable without the need for insurance [4]. - 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 [4]. Business Structure - The Joint Corp. operates as a franchisor of clinics and also manages clinics in certain states, providing management services to affiliated professional chiropractic practices in various states [5].

Core Insights - The Joint Corp. has sold 31 corporate-owned clinics in Arizona and New Mexico for $8.3 million, along with acquiring regional developer rights that generated $855,000 in royalties and franchise fees over the past year [1][2] Group 1: Business Strategy - The refranchising initiative aims to strengthen and simplify the business while ensuring clinics are operated by proven franchise operators [2] - The acquisition of regional developer rights is expected to reduce commission obligations and increase operating margins, as these clinics incurred $855,000 in royalties and commissions in the last twelve months [2] Group 2: Company Overview - The Joint Corp. is the largest franchisor of chiropractic care in the U.S., with over 950 locations and more than 14 million patient visits annually [4] - The company has been recognized in various franchise rankings, including being named "No. 1 in Chiropractic Services" by Entrepreneur [4] Group 3: Operational Structure - The Joint Corp. operates as both a franchisor and operator of clinics in several states, providing management services to affiliated chiropractic practices [5]

Core Insights - The Joint Corp. has launched a new mobile app aimed at enhancing patient convenience and connectivity, marking a significant step in integrating mobile technology into its chiropractic care model [1][2][4] Company Overview - The Joint Corp. is the largest franchisor of chiropractic care in the U.S., operating over 950 locations and facilitating more than 14 million patient visits annually [6] - The company has revolutionized access to chiropractic care since introducing its retail healthcare business model in 2010, focusing on making quality care convenient and affordable without the need for insurance [6] Mobile App Features - The app includes a clinic locator, allowing patients to find nearby clinics easily [8] - Patients can view available doctors at their local clinic, helping them plan visits around preferred providers [8] - The in-clinic check-in feature uses geofencing technology to streamline the check-in process [8] - Push notifications will keep patients informed about promotions, news, and chiropractic education [8] Strategic Importance - The launch of the mobile app is seen as a major milestone for The Joint, reflecting its commitment to innovation and improving patient experiences [3][4] - The app is designed to enhance access to chiropractic services, reinforcing the company's mission to make care more accessible, affordable, and convenient [3][4]

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]

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]

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]

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]

– 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 ...