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The Joint Corp. (NASDAQ: JYNT) is a pioneering company in the chiropractic care industry, transforming the traditional and often misunderstood concept of routine chiropractic care into an accessible and affordable reality. Founded in 1999 by Dr. Fred Gerretzen, The Joint Corp. has grown into the nation's largest provider of chiropractic care through its extensive network of The Joint Chiropractic® clinics. Headquartered in Scottsdale, Arizona, the company operates over 900 locations across 42 states, serving millions of patients annually.
The company operates through two key segments: Corporate Clinics and Franchise Operations. The Corporate Clinics segment includes company-owned or managed clinics, while the Franchise Operations segment covers franchised clinics. This dual approach allows The Joint Corp. to maintain high standards of care and expand its footprint efficiently.
Our Mission: The Joint Corp. aims to improve the quality of life through routine and affordable chiropractic care, eliminating the need for insurance. Experienced, licensed chiropractors develop personalized treatment plans to relieve pain and provide ongoing preventative care. The company's unique business model emphasizes convenience with no appointments required, no insurance hassles, and extended hours, including evenings and weekends.
Achievements and Recent Developments:
- Expansion: Recently, The Joint Corp. debuted its first location in West Virginia, extending its reach to 42 states. This expansion reflects the company's strategy to grow its presence nationwide through both corporate-owned and franchised clinics.
- Financial Performance: For Q3 2023, The Joint Corp. reported revenue of $29.5 million, a 11.3% increase compared to the same period in 2022. The company continues to execute its strategic plan to refranchise or sell a majority of its company-owned clinics, focusing on high-performing locations to drive profitability.
- Community Engagement: The Joint Chiropractic has partnered with Rachel's Challenge, a nonprofit organization dedicated to preventing school violence, to promote wellness and community well-being.
- Innovative Care: The Joint Chiropractic offers concierge-style services in a retail setting, making chiropractic care accessible to everyone from children to seniors. Special promotions, such as the 'Back Friday' offering during peak seasons, enhance the value provided to patients.
With its retail healthcare business model, The Joint Corp. is consistently recognized on various prestigious lists, including Franchise Times' 'Top 500+ Franchises' and Entrepreneur's 'Franchise 500.' The company's innovative approach continues to revolutionize the chiropractic industry, making quality care both convenient and affordable.
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The Joint Corp. (NASDAQ: JYNT) reported strong financial results for Q4 2023 and full year 2023, with revenue growing by 16% to $117.7 million. They also increased clinic count to 935 and initiated a refranchising program. Despite revenue growth, they reported a net loss of $9.8 million for 2023. The company aims to drive growth through marketing initiatives and refranchising efforts to strengthen their franchise network.
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The Joint Corp. (JYNT) to Attend 36th Annual Roth Conference, Featuring Fireside Chat with Management Team
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The Joint Corp. (NASDAQ: JYNT) will release its fourth quarter and year-end 2023 financial results on March 7, 2024. President and CEO Peter D. Holt and CFO Jake Singleton will discuss the results in a conference call. Shareholders can join the call or access the webcast for further details.
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The Joint Corp. (JYNT) has been named the top franchise in chiropractic services by Entrepreneur Magazine's Franchise 500, ranking No. 83 on the 2024 list. It has also been recognized as a 2023 top franchise for veterans. The company's President & CEO, Peter D. Holt, expressed gratitude for the recognition and attributed the success to the collective effort of the network of franchisees, doctors of chiropractic, wellness coordinators, regional developers, and corporate team members. Entrepreneur's ranking formula considers factors like costs and fees, size and growth, support, brand strength, and financial stability. The Joint Chiropractic is known for its convenient retail setting, no-appointments, no-insurance hassles, affordable chiropractic care, and accommodating hours of operations, including evenings and weekends.
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The Joint Corp. (JYNT) reports a 12% increase in annual system-wide sales and a 4% increase in comp sales compared to 2022. The company also opened 114 new clinics, expanding the year-end total clinic count to 935. In 2023, they performed 13.6 million patient visits, treated 932,000 new patients, and sold 55 franchise licenses. The company's President and CEO, Peter D. Holt, outlined initiatives to improve performance and profitability in 2024, including enhancing promotions, brand positioning, and media, as well as executing a refranchising strategy. The Q4 2023 financial results will be reported on March 7, 2024.
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The Joint Corp. (NASDAQ: JYNT) announced its participation in the 12th Annual Roth Deer Valley Conference on December 14th and 15th. President and CEO Peter Holt and CFO Jake Singleton will host one-on-one meetings. Interested investors can contact their ROTH representative or Kirsten Chapman of LHA Investor Relations at thejoint@lhai.com.
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The Joint Corp. (NASDAQ: JYNT) partners with the St. Louis Blues of the NHL, expanding its professional sports sponsorship. The partnership aims to provide routine and affordable chiropractic care to athletes, supporters, and the general public. Chiropractic care has gained widespread use among professional and amateur sports teams, offering rehabilitation and injury prevention. The Joint Chiropractic has 19 clinics in the greater St. Louis area, aiming to provide high-quality, accessible care to Blues fans and the community.
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The Joint Corp. (NASDAQ: JYNT) Announces 'Back Friday' Offering for Chiropractic Care Packages, Providing Additional Visits to Support Overall Health During the Holiday Season
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The Joint Corp (NASDAQ: JYNT) reported Q3 2023 financial results, with an 11% revenue growth to $29.5 million and an operating loss of $898,000. The company plans to convert most corporate clinics to franchised ones, aiming to drive growth. The financial report also includes a comparison of Q3 2023 and Q3 2022, as well as a reaffirmation of 2023 financial and clinic opening guidance.
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The Joint Corp. (NASDAQ: JYNT) appoints Jeff Gramm to the board of directors and nominates him for election at the 2024 Annual Meeting of shareholders. Gramm's fund is a long-time investor in The Joint, owning 26.69% of the shares outstanding. The appointment is part of a Nominating and Standstill Agreement with Bandera Partners, LLC.
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FAQ
What is the current stock price of The Joint (JYNT)?
The current stock price of The Joint (JYNT) is $10.22 as of January 14, 2025.
What is the market cap of The Joint (JYNT)?
The market cap of The Joint (JYNT) is approximately 156.3M.
What does The Joint Corp. do?
The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics across the United States through both corporate-owned and franchised models.
What is the mission of The Joint Corp.?
The mission of The Joint Corp. is to improve the quality of life through routine and affordable chiropractic care.
How does The Joint Corp. make chiropractic care accessible?
The Joint Corp. offers a no-insurance-necessary approach, no appointments needed, and extended hours, making chiropractic care accessible and convenient.
What are the recent financial highlights for The Joint Corp.?
In Q3 2023, The Joint Corp. reported revenue of $29.5 million, reflecting significant growth compared to the same period in 2022.
How many locations does The Joint Corp. operate?
The Joint Corp. operates over 900 locations nationwide, spanning 42 states.
What are The Joint Corp.'s two main business segments?
The Joint Corp. operates through Corporate Clinics and Franchise Operations segments.
What recent community engagement has The Joint Corp. been involved in?
The Joint Chiropractic has partnered with Rachel's Challenge, a nonprofit organization aimed at preventing school violence.
What unique services does The Joint Chiropractic offer?
The Joint Chiropractic offers concierge-style services in a convenient retail setting, with no appointments required and no insurance hassles.
How is The Joint Corp. recognized in the industry?
The Joint Corp. is consistently named to Franchise Times' 'Top 500+ Franchises' and Entrepreneur's 'Franchise 500' lists.
What is the company's approach to growth?
The Joint Corp. focuses on expanding through both corporate-owned and franchised clinics, aiming to make quality chiropractic care widely accessible.
The Joint Corp.
Nasdaq:JYNT
JYNT Rankings
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156.28M
14.72M
1.79%
72.84%
3.13%
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