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Mar 31, 2021
The Joint Q1 2021 Earnings Report
The Joint Corp. reported strong first-quarter results, marked by revenue growth and increased operating income.
Key Takeaways
The Joint Corp. reported a 29% increase in revenue, a 28% increase in system-wide sales, and a 21% increase in system-wide comp sales compared to Q1 2020. The company's operating income increased by 162%, and adjusted EBITDA increased by 108%.
Revenue increased by 29% to $17.5 million compared to Q1 2020.
Operating income increased by 162% to $2.0 million compared to Q1 2020.
Adjusted EBITDA increased by 108% to $3.5 million compared to Q1 2020.
Net income was $2.3 million, or $0.16 per diluted share, compared to $815,000, or $0.06 per diluted share, in Q1 2020.
Forward Guidance
Due to strong first quarter 2021 revenues and a shift in the expected timing of greenfield openings, management updated the 2021 financial guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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