The Joint Q1 2020 Earnings Report
Key Takeaways
The Joint Corp. reported a revenue of $13.6 million, a net income of $815,000, and system-wide sales growth of 24%. The company opened 17 clinics and sold 24 franchise licenses during the quarter.
Revenue increased to $13.6 million compared to $10.7 million in the first quarter of 2019.
Net income was $815,000, or $0.06 per diluted share, compared to $953,000, or $0.07 per diluted share in the first quarter of 2019.
The company increased gross system-wide sales and grew revenue.
The company opened 17 clinics and sold 24 franchise licenses during the first quarter of 2020.
The Joint
The Joint
Forward Guidance
Given the uncertainties of the potential impact from the COVID-19 pandemic, the company withdrew 2020 financial and clinic opening guidance. The Company is not providing an update at this time.