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Mar 31, 2020
The Joint Q1 2020 Earnings Report
The Joint Corp. reported first quarter results with revenue growth driven by an increased number of clinics and higher gross sales at both franchised and company-owned clinics.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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