The Joint Corp Q3 revenue +27% to $26.6M; net income drops to $491k; lowers EBITDA guidance

JOINT Corp

2022-Q3 EPS reported $0.04 revenue$74,098,856

Revenue $26.6M (+27% YoY); net income $491k ($0.03 EPS) vs $1.9M ($0.13) in Q3 2021.
System-wide sales $110.4M (+18%); system-wide comp sales +6%; 38 clinics opened in quarter.
Total clinics 805 (690 franchised, 115 company-owned/managed) at Sept 30, 2022.
Adjusted EBITDA $3.1M vs $3.3M last year; 2022 guidance: revenue $100-102M, EBITDA $11.5-12.5M (lowered from $12-14M).
Reacquired Philadelphia RD territory; acquired 2 clinics and sold 1 corporate clinic post-quarter.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JOINT Corp reported the nine months ended September 30, 2022 results: revenue $74.1 million, net income $630,000, EPS $0.04 per diluted share.

Period: the nine months ended September 30, 2022
Revenue: $74.1 million
Net income: $630,000
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

Revenue was $74.1 million in the first nine months of 2022, compared to $58.8 million in the first nine months of 2021. Net income was $630,000, or $0.04 per diluted share, compared to $6.9 million, or $0.46 per diluted share, in the first nine months of 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JOINT Corp reported the quarter ended September 30, 2022 results: revenue $26.6 million, net income $491,000, EPS $0.03 per diluted share.

Period: the quarter ended September 30, 2022
Revenue: $26.6 million
Net income: $491,000
EPS: $0.03 per diluted share
Result: reported results

Exact text from the filing

Grew revenue 27% to $26.6 million. Recorded operating income of $500,000, compared to $1.3 million. Reported net income of $491,000, compared to $1.9 million.

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Source: SEC EDGAR

accession 0001171843-22-007076

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