Joint Corp Q3 revenue $21.0M (+36% YoY), net income $1.9M; raises FY guidance

JOINT Corp

2021-Q3 EPS reported $0.46 revenue$58,758,383

Revenue $21.0M (+36% YoY), system-wide sales $93.4M (+37%), system-wide comp sales +27%.
Net income $1.9M ($0.13 diluted EPS) vs $1.6M ($0.11); Adjusted EBITDA $3.3M vs $2.6M.
Sold 44 franchise licenses (vs 30); total clinics 666 (583 franchised, 83 company-owned).
Raised 2021 guidance: revenue to $80-81M, Adjusted EBITDA to $13-14M, franchise openings to 105-115.
Post-quarter: opened 1 greenfield, acquired 4 franchised clinics; company-owned/managed now 88.

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