The Joint Corp. to restate FY2024 and Q1 2025 results due to overestimated impairment charges by ~$2.2M

JOINT Corp

Expects to reduce 2024 net loss by ~$2.2M and increase carrying value of assets held for sale by ~$2.2M.
For Q1 2025, expects net income increase of ~$0.5M; cumulative carrying value increase of ~$2.7M.
No impact on Adjusted EBITDA or cash for either period.
Expects material weakness in internal controls and that disclosure controls were ineffective.

item 2.02item 4.02item 9.01

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