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Jun 30, 2022
The Joint Q2 2022 Earnings Report
The Joint Corp. reported second quarter results with revenue growth of 24%, system-wide sales growth of 21%, and system-wide comp sales growth of 8% compared to Q2 2021.
Key Takeaways
The Joint Corp. reported revenue of $25.1 million, a net income of $345,000, and earnings per diluted share of $0.02 for the second quarter of 2022. The company opened 34 clinics, bringing the total to 769, and sold 24 franchise licenses.
Revenue increased to $25.1 million, a 24% increase compared to Q2 2021.
Net income was $345,000, or $0.02 per diluted share, compared to $2.7 million, or $0.18 per diluted share, in Q2 2021.
The company opened 34 clinics, bringing the total clinic count to 769.
24 franchise licenses were sold, bringing the year-to-date total to 46.
The Joint
The Joint
Forward Guidance
Management reaffirmed its 2022 guidance.