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Stock impact report

The Joint Corp. Reports Third Quarter 2024 Financial Results

The Joint Corp. (JYNT) 
Last the joint corp. earnings: 3/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.thejoint.com/investor-overview
Company Research Source: GlobeNewswire
SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ: JYNT), a national operator, manager, and franchisor of chiropractic clinics, reported its financial results for the quarter ended September 30, 2024. Financial Highlights: Q3 2024 Compared to Q3 2023 Grew revenue 2% to $30.2 million.Reported net loss of $3.2 million, including $3.8 million in loss on disposition or impairment, compared to net loss of $716,000, including loss on disposition or impairment of $905,000.Reported Adjusted EBITDA of $2.4 million, compared to $2.9 million.Increased system-wide sales1 8% to $129.3 million.Reported system-wide comp sales2 of 4%.Sold 7 franchise licenses in both Q3 2024 and Q2 2024, compared to 12 in Q3 2023, reflecting the impact of the refranchising process.Increased the total clinic count to 963 – 838 clinics franchised and 125 clinics company-owned or managed – at September 30, 2024. During Q3 2024, The Joint Opened 14 franchised clinics;Refranc Show less Read more
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