The Joint Corp. Q4 revenue up 26% to $27.8M; net income $547K vs loss $360K; guides 2023 revenue $123M-$128M

JOINT Corp

Q4 revenue $27.8M (+26% YoY); system-wide comp sales +8%; total clinics 838 at year-end.
Q4 net income $547K ($0.04 diluted EPS) vs net loss $360K ($0.02 loss) YoY; Adjusted EBITDA $4.0M vs $2.1M.
Full-year 2022 revenue $101.9M (+26%); net income $1.2M ($0.08 EPS) vs $6.6M ($0.44 EPS) in 2021.
2023 guidance: revenue $123M-$128M, Adjusted EBITDA $12.5M-$14.0M; franchised clinic openings 100-120, company greenfields 8-12.
Acquired 16 previously franchised clinics in 2022; cash balance $9.7M at year-end vs $19.5M in 2021.

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 year ended December 31, 2022 results: revenue $101.9 million, net income $1.2 million, EPS $0.08 per diluted share.

Period: year ended December 31, 2022
Revenue: $101.9 million
Net income: $1.2 million
EPS: $0.08 per diluted share
Result: reported results

Exact text from the filing

Revenue was $101.9 million in 2022, compared to $80.9 million in 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JOINT Corp reported 2023 results: revenue between $123.0 million and $128.0 million. Guidance initiated.

Period: 2023
Revenue: between $123.0 million and $128.0 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Revenue is expected to be between $123.0 million and $128.0 million, compared to $101.9 million in 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JOINT Corp reported fourth quarter ended December 31, 2022 results: revenue $27.8 million, net income $547,000, EPS $0.04 per diluted share.

Period: fourth quarter ended December 31, 2022
Revenue: $27.8 million
Net income: $547,000
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

Revenue was $27.8 million in the fourth quarter of 2022, compared to $22.1 million in the fourth quarter of 2021.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

JOINT Corp filing history →

Source: SEC EDGAR

accession 0001171843-23-001550

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