secwatch.observer — SEC 8-K summary
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Issuer:     JOINT Corp (JYNT)
CIK:        0001612630
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001171843-24-001235
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

The Joint Corp. Reports Q4 2023 Revenue $30.6M, Full Year $117.7M, Net Loss $9.8M on Valuation Allowance
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- Q4 2023 revenue grew 11% to $30.6M; system-wide sales up 11% to $133.1M
- Full year 2023 revenue increased 16% to $117.7M; system-wide sales rose 12% to $488.0M
- Reported net loss of $9.8M for 2023 including $10.8M non-cash valuation allowance; net income of $627K in 2022
- Adjusted EBITDA for 2023 was $12.2M, up from $11.5M in 2022; clinic count grew to 935 from 838
- Initiated refranchising program for majority of corporate clinics; 2024 guidance for system-wide sales $530M-$545M

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612630/000117184324001235/0001171843-24-001235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612630/000117184324001235/f8k_030724.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001235

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