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Dec 31, 2020
The Joint Q4 2020 Earnings Report
The Joint Corp. reported a strong fourth quarter and full year, growing revenue and achieving record operating income and adjusted EBITDA.
Key Takeaways
The Joint Corp. reported a 23% increase in quarterly revenue and a 21% increase in annual revenue. The company also reported a record annual operating income of $5.5 million, up 61% compared to 2019, and a record adjusted EBITDA of $9.1 million, up 47% compared to 2019.
Revenue increased by 23% in Q4 2020 compared to Q4 2019, reaching $17.0 million.
Operating income was $2.8 million, compared to $1.3 million in 2019.
Net income was $10.6 million, or $0.72 per diluted share, compared to $1.3 million, or $0.09 per diluted share, in Q4 2019, including a $8.9 million tax valuation allowance.
Adjusted EBITDA was a record $3.7 million, compared to $2.1 million in the prior year.
The Joint
The Joint
Forward Guidance
Management provided full year 2021 guidance and expects the following: