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Sep 30, 2020
The Joint Q3 2020 Earnings Report
The Joint Corp. reported Q3 2020 financial results, growing revenue and achieving record net income.
Key Takeaways
The Joint Corp. reported a strong third quarter with a 21% increase in revenue compared to Q3 2019, reaching $15.4 million. The company also achieved a record net income of $1.6 million, up 160% from the previous year, and a record adjusted EBITDA of $2.6 million, an 84% increase.
Revenue grew by 21% compared to Q3 2019, reaching $15.4 million.
Net income reached a record $1.6 million, a 160% increase compared to Q3 2019.
Adjusted EBITDA was a record $2.6 million, up 84% compared to Q3 2019.
Total clinic count increased to 560, with 22 new clinics opened in Q3 2020.
Forward Guidance
Management reestablished full-year 2020 guidance, expecting both revenue and the bottom line to exceed those from 2019.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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