secwatch.observer — SEC 8-K summary
======================================

Issuer:     JOINT Corp (JYNT)
CIK:        0001612630
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001612630-26-000048
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JYNT Q1 revenue up 13%, net income up 34%; credit covenant default waived
-------------------------------------------------------------------------

- Revenue $14.8M (+13% YoY); net income from continuing ops $1.1M vs loss $506K prior year.
- Consolidated diluted EPS $0.09 (vs $0.06); Adj EBITDA from consolidated ops $3.5M (+22%).
- Credit default waived for fixed charge coverage ratio violation; JPM line extended to Aug 2029, $20M undrawn.
- System-wide comp sales -4.2%; total clinic count 943 (down 17 vs Q4 2025).
- Refranchised 45 clinics to Elite Chiro Group for $2.3M; repurchased 137K shares for $1.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612630/000161263026000048/0001612630-26-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612630/000161263026000048/jynt-20260501.htm
  HTML page:      https://secwatch.observer/filing/0001612630-26-000048

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