secwatch.observer — SEC 8-K summary
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Issuer:     JOINT Corp (JYNT)
CIK:        0001612630
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001171843-23-002890
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Joint Corp Q1 revenue up 27% to $28.5M; net income $2.3M includes $3.9M ERC credits
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- Revenue $28.5M (+27% YoY); system-wide sales $115.4M (+17%); system-wide comp sales +8%.
- Operating loss $678K vs loss $176K YoY; net income $2.3M ($0.15 diluted) vs net loss $206K, includes $3.9M ERC.
- Adjusted EBITDA $2.0M vs $1.8M; clinic count 870 (740 franchised, 130 co-owned), up 32 from Dec 2022.
- 2023 guidance reaffirmed: revenue $123-128M, Adj. EBITDA $12.5-14.0M, franchised openings 100-120, co-owned greenfield 8-12.
- Opened greenfield clinic at Fort Dix in April; fourth with Army & Air Force Exchange Service.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612630/000117184323002890/0001171843-23-002890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612630/000117184323002890/f8k_050423.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-002890

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer