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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.
The Joint Corp. (NASDAQ: JYNT), the leading provider of chiropractic care in the U.S., has signed a three-year sponsorship agreement with the USC Trojans, marking its debut in the Pac-12 Conference. This partnership aims to promote chiropractic care's benefits for athletes, including improved performance and quicker recovery from injuries. The Joint operates over 750 clinics nationwide, with a significant presence in Los Angeles, showcasing its commitment to accessible and affordable wellness care. The agreement enhances The Joint's brand visibility among sports fans and within USC's extensive network.
The Joint Corp. (NASDAQ: JYNT) will attend Lake Street's 6th Annual Best Ideas Growth Conference on September 14, 2022, at The Yale Club in New York City. President and CEO Peter Holt will conduct one-on-one meetings during the event. Interested investors can reach out to their Lake Street representative or contact Kirsten Chapman from LHA Investor Relations.
The Joint Corp. is a leader in chiropractic care, operating over 750 locations and facilitating nearly 11 million patient visits per year. Recognized on several prestigious lists, it aims to make quality care accessible without the need for insurance.
The Joint Corp. (JYNT) reported a 24% revenue growth to $25.1 million for Q2 2022 compared to Q2 2021, driven by clinic expansion and organic growth. Despite revenue gains, net income fell to $345,000, down from $2.7 million in the same period last year. The company opened 34 new clinics, bringing the total to 769. Adjusted EBITDA decreased to $2.6 million from $3.8 million. The company reaffirmed its 2022 revenue guidance of $98-$102 million, indicating ongoing expansion plans while addressing tight labor market challenges.
The Joint Corp. (NASDAQ: JYNT) will announce its second quarter 2022 financial results on August 4, 2022, post-market close. CEO Peter D. Holt and CFO Jake Singleton will discuss the results during a conference call at 5:00 p.m. ET. Participants can join the call by dialing 1-877-270-2148 or 412-902-6510, using code 3438487. The live webcast and presentation will be available on the company's IR website for one year. The Joint Corp. is the largest provider of chiropractic care in the U.S., with over 750 locations and nearly 11 million visits annually.
The Joint Corp. (NASDAQ: JYNT) announces a corporate sponsorship agreement with the Norfolk Tides, becoming the official chiropractor for the 2022 Minor League Baseball season, which runs until October 31, 2022. This marks The Joint's first sponsorship in Minor League Baseball. CEO Peter D. Holt emphasized the benefits of chiropractic care for athletes, enhancing performance and injury prevention. The partnership aims to promote chiropractic services within the community, leveraging The Joint's model of convenient, appointment-free care across six locations in the greater Norfolk area.
The Joint Corp. (NASDAQ: JYNT) has acquired four franchised clinics for $5.8 million, effective May 19, 2022. This strategic acquisition enhances the company's corporate portfolio in the Scottsdale/Phoenix area, aligning with its growth strategy. CEO Peter D. Holt noted that these high-performing clinics will be immediately accretive to earnings and enhance operating margins. The valuation is consistent with prior acquisitions, reflecting the strength of the clinic teams. The acquisition bolsters The Joint's position as the largest chiropractic provider in the nation, with over 700 locations and nearly 11 million patient visits annually.
The Joint Corp. (NASDAQ: JYNT), the largest chiropractic care provider in the U.S., announced participation in several investor conferences in May and June 2022. Key events include the B. Riley 22nd Annual Institutional Investor Conference on May 25, the Craig-Hallum Annual Conference on June 1, the Stifel 2022 Cross Sector Insight Conference on June 9, and the Oppenheimer 22nd Annual Consumer Growth & E-Commerce Conference on June 14. The company will conduct presentations and one-on-one meetings, with materials available on their Investor Relations website.
The Joint Corp. (JYNT) reported strong growth in Q1 2022, with revenue increasing 28% to $22.4 million and system-wide sales up 27% to $98.8 million compared to Q1 2021. Despite a net loss of $206,000, the company opened 31 clinics, achieving a total of 736 clinics, including 100 corporate clinics. Adjusted EBITDA decreased to $1.8 million from $3.5 million, influenced by rising labor costs and operational expenses. The company updated its 2022 revenue guidance to $98-102 million, affirming its target of 110-130 new franchised clinics.
The Joint Corp. (NASDAQ: JYNT), a leader in chiropractic care, will release its first quarter 2022 financial results on May 5, 2022, after market close. CEO Peter D. Holt and CFO Jake Singleton will host a conference call at 5:00 p.m. ET to discuss the results. Interested participants can listen via phone at (765) 507-2604 or (844) 464-3931 using code 5175957. A live webcast and slide presentation will be available on the company's investor relations site and can be accessed for one year. The Joint Corp. operates over 700 clinics nationwide.
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