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Sep 30, 2021
The Joint Q3 2021 Earnings Report
The Joint Corp's revenue increased by 36%, system-wide sales grew by 37%, and system-wide comp sales rose by 27% compared to Q3 2020.
Key Takeaways
The Joint Corp. reported strong financial results for the third quarter of 2021, with significant growth in revenue, system-wide sales, and franchise licenses sold. The company's expansion strategy and increasing market share in the chiropractic industry contributed to the positive performance.
Revenue increased by 36% to $21.0 million compared to Q3 2020.
System-wide sales grew by 37% compared to Q3 2020.
System-wide comp sales increased by 27% compared to Q3 2020.
Net income was $1.9 million, or $0.13 per diluted share, compared to $1.6 million, or $0.11 per diluted share, in Q3 2020.
Forward Guidance
Management increased 2021 guidance for franchise openings, revenue, and Adjusted EBITDA.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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