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Dec 31, 2019
The Joint Q4 2019 Earnings Report
Reported strong financial results for the fourth quarter and full year ended December 31, 2019.
Key Takeaways
The Joint Corp. reported a revenue of $13.9 million and net income of $1.3 million for the fourth quarter of 2019. The company's Adjusted EBITDA improved to $2.1 million. They also increased franchise licenses sales to 126.
Revenue increased to $13.9 million, compared to $10.0 million in Q4 2018.
Net income was $1.3 million, or $0.09 per diluted share, compared to $437,000, or $0.03 per diluted share, in Q4 2018.
Adjusted EBITDA improved to $2.1 million, compared to $1.1 million in the same quarter last year.
Unrestricted cash was $8.5 million at December 31, 2019.
The Joint
The Joint
Forward Guidance
Management expects the following: