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Mar 31, 2022
The Joint Q1 2022 Earnings Report
The Joint Corp. reported first quarter 2022 financial results.
Key Takeaways
The Joint Corp. reported a revenue of $22.4 million, a net loss of $206,000, or $0.01 per share, and an adjusted EBITDA of $1.8 million. The company opened 31 clinics, including 27 franchised, and achieved a milestone of 100 corporate portfolio clinics, bringing total clinics to 736.
Revenue grew 28% compared to Q1 2021.
System-wide sales increased 27% compared to Q1 2021.
System-wide comp sales grew 15% compared to Q1 2021.
Opened 31 clinics, including 27 franchised - the most for a first quarter in the company’s history.
Forward Guidance
Management updated its revenue and Adjusted EBITDA guidance to reflect the impact of the macro-economic environment and the impact of increased expenses. Management reaffirmed its guidance for franchised clinic openings and company-owned or managed clinic increases.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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