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Jun 30, 2021

The Joint Q2 2021 Earnings Report

The Joint Corp. achieved record financial results, growing revenue, system-wide sales, and system-wide comp sales, and reported increased operating income.

Key Takeaways

The Joint Corp. reported record second-quarter financial results, with significant growth in revenue, system-wide sales, and operating income. The company also raised all elements of its guidance for the year.

Revenue increased by 61% compared to Q2 2020.

System-wide sales grew by 64% compared to Q2 2020.

System-wide comp sales increased by 53% compared to Q2 2020.

Operating income rose by 687% compared to Q2 2020.

Total Revenue
$20.2M
Previous year: $12.6M
+60.6%
EPS
$0.18
Previous year: $0.01
+1700.0%
System-wide Sales Growth
64%
Gross Profit
$18.2M
Previous year: $11.2M
+62.0%
Cash and Equivalents
$18.5M
Previous year: $14.6M
+26.7%
Free Cash Flow
$5.84M
Previous year: $839K
+596.3%
Total Assets
$78.5M
Previous year: $49.6M
+58.2%

The Joint

The Joint

Forward Guidance

Due to strong second quarter 2021 revenues, as well as increased franchise openings and greenfield activity, management raised all elements of its 2021 financial guidance.