Joint Corp Stock Price, News & Analysis

The Joint Corp. (NASDAQ: JYNT) reported robust financial results for Q4 and the full year 2020, with revenue growth of 23% quarterly and 21% annually. Operating income reached a record $5.5 million, a 61% increase from 2019, while Adjusted EBITDA also hit a record at $9.1 million, up 47% year-over-year. The clinic count rose to 579 with 21 new clinics opened in Q4, and franchised licenses sold surged to 56 in the same quarter, compared to 23 in Q4 2019. The company anticipates revenue between $73 million and $77 million for 2021.

The Joint Corp. (NASDAQ:JYNT) announced its participation in two upcoming investor conferences in March 2021. The company will present at the DA Davidson 4th Annual Consumer Growth Conference on March 11 at 10:15 a.m. PT and will hold virtual one-on-one meetings. Additionally, The Joint will present at the 33rd Annual ROTH Conference on March 17 at 7:00 a.m. PT, with virtual meetings scheduled from March 15-17. Presentation materials will be available on their Investor Relations website.

The Joint Corp. (NASDAQ: JYNT) will report its fourth quarter 2020 financial results on March 4, 2021, post-market close. Following the announcement, President and CEO Peter D. Holt, along with CFO Jake Singleton, will hold a conference call at 5:00 p.m. ET to discuss the financial outcomes. Interested participants can preregister for immediate access to the call or dial in 20 minutes prior to the start. The live webcast and accompanying slides will be available on their investor relations site for one year, with an audio archive accessible for a week.

The Joint Corp. (NASDAQ: JYNT), the largest provider of chiropractic care in the U.S., has named Bosco Enterprises, LLC as the regional developer for Wisconsin and western Michigan. Managed by Jeff and Laura Bosco, who have been multi-unit franchisees since 2014, this development agreement targets cities including Milwaukee and Grand Rapids. The Joint's membership model eliminates insurance needs, promoting a recurring revenue stream for franchisees. The company's rapid growth and expansion underscore its role in improving access to chiropractic care.

The Joint Corp. (NASDAQ: JYNT) has received recognition from top national ranking lists, highlighting its expanding retail healthcare model and resilience during the pandemic. The company aims to operate 1,000 clinics by 2023 and has seen notable rankings: Forbes named it the 13th Best Small Company, Franchise Times ranked it 17th on its Fast & Serious List, and Entrepreneur placed it 58th in its Franchise 500. This acclaim underscores The Joint's commitment to delivering accessible chiropractic care across the U.S.

The Joint Corp. (NASDAQ: JYNT) has partnered with the University of South Florida (USF) and Vinik Sports Group (VSG) to become the official chiropractor of USF Athletics. This collaboration highlights the importance of chiropractic care in enhancing athletic performance and preventing injuries. The Joint’s president, Peter D. Holt, expressed pride in supporting USF Athletics. With over 550 locations nationwide and more than seven million patient visits annually, The Joint continues to lead in providing affordable chiropractic care without the need for insurance.

The Joint Corp. (NASDAQ: JYNT) has acquired regional developer territories in North Carolina and Georgia for $2.4 million, encompassing 69 franchised clinics and 37 signed agreements for unopened clinics. This acquisition increases the total number of company-owned or managed clinics to 64. The CEO emphasized that this move will enhance margin contributions and reduce expenses related to sales commissions and royalties. The company also aims to open corporate clinics in these mature markets while continuing to expand its franchise operations.

The Joint Corp. (NASDAQ: JYNT), the largest provider of chiropractic care in the U.S., has been ranked #59 in Entrepreneur magazine's inaugural Top Growth Franchises list. This ranking recognizes companies with significant franchise unit growth over a three-year period. The Joint Chiropractic aims to expand its footprint to 1,000 locations by the end of 2023. The ranking showcases its business model and development momentum, emphasizing its strategic growth amidst challenges faced in the franchise sector.

The Joint Corp. (NASDAQ: JYNT) has announced its participation in the Roth Virtual Deer Valley Conference scheduled for December 10-11, 2020. CEO Peter D. Holt and CFO Jake Singleton will conduct one-on-one meetings on December 10 and 11. Investors interested in scheduling meetings should reach out to their Roth representative. Since its inception in 2010, The Joint has transformed chiropractic care accessibility, boasting over 550 locations and seven million patient visits annually.