NASDAQ$JYNT

The Joint Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported financial results for the third quarter of 2023.

The Joint Corp. reported revenue of $29.5 million for Q3 2023, compared to $26.5 million in Q3 2022. The company experienced an operating loss of $898,000, a net loss of $716,000, or $0.05 per share, and an adjusted EBITDA of $2.9 million.

  • Revenue increased to $29.5 million, compared to $26.5 million in the third quarter of 2022.
  • Operating loss was $898,000, compared to operating income of $732,000 in the third quarter of 2022.
  • Net loss was $716,000, or $0.05 per share, compared to income of $731,000 or $0.05 per share in the third quarter of 2022.
  • Adjusted EBITDA was $2.9 million, compared to $3.1 million in the third quarter of 2022.

Headline financials

Total Revenue

$29.5M

Previous: $26.6M+10.8%
EPS (adj)

-$0.05

Previous: $0.03-266.7%
Capital Expenditures

-$3.83M

Previous: -$4.32M+11.3%
Free Cash Flow

-$4.55M

Previous: -$3.83M-18.7%
Net Income

-$716K

Previous: $491K-245.8%
Operating Income

-$898K

Previous: $500K-279.4%
Gross Profit

$26.9M

Previous: $24.1M+11.4%
Cash & Equivalents

$16.1M

Previous: $10.3M+56.2%
Total Assets

$98.6M

Previous: $88.3M+11.6%
Stock-Based Comp

$526K

Previous: $306K+72.0%

Revenue & EPS history

The Joint · Revenue · Quarterly

$29.5M

Q3 2023+10.8%vs Q3 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Management has reiterated the financial and clinic opening guidance for 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

+1.5%

Avg return

Earnings day

+3.3%

Avg return

5 days after

+3.8%

Avg return

30 days after

53%

25 / 47 earnings

Positive

+26.0%

Q1 2024

Best reaction

-42.3%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%-2.2%-6.0%
Q4 2025+2.0%+1.9%+6.3%
Q3 2025-3.9%+4.6%+6.1%
Q1 2025-5.0%-5.2%+14.1%
Q4 2024+4.6%+17.9%-1.3%
Q3 2024-2.8%-1.7%-3.1%
Q2 2024-5.1%-3.6%-8.7%
Q1 2024+26.0%+26.1%+17.4%
Q4 2023+25.7%+29.8%+34.8%
Q3 2023+1.3%+4.6%+15.1%
Q2 2023+1.8%-0.2%-14.6%
Q1 2023-3.1%-2.2%-11.2%
Q4 2022+2.3%+1.4%-1.2%
Q3 2022-4.6%-3.3%+1.6%
Q2 2022+15.2%+7.8%-9.6%
Q1 2022-42.3%-43.6%-46.2%
Q4 2021-9.9%-20.8%-24.7%
Q3 2021+5.8%+8.6%-21.8%
Q2 2021+18.9%+17.8%+22.0%
Q1 2021-4.5%-6.8%+28.2%
Q4 2020-10.0%-14.9%-7.0%
Q3 2020+7.1%+28.5%+35.2%
Q2 2020+13.5%+15.1%+23.7%
Q1 2020+9.9%+8.8%+35.6%
Q4 2019-3.0%-10.8%-42.2%
Q3 2019-3.6%-10.3%-13.1%
Q2 2019-0.1%+0.0%-6.2%
Q1 2019+8.7%+4.4%-7.2%
Q4 2018+12.6%+21.5%+42.4%
Q3 2018+3.8%+5.5%+0.5%
Q2 2018+8.5%+3.9%+2.8%
Q1 2018-3.0%+1.8%+1.9%
Q4 2017+8.2%+23.7%+35.9%
Q3 2017+16.2%+23.0%+8.6%
Q2 2017+3.6%+2.7%+34.5%
Q1 2017+7.3%+2.6%-1.3%
Q4 2016-15.3%-11.4%-15.8%
Q3 2016+3.7%+6.1%-6.5%
Q2 2016-0.5%-0.9%+28.9%
Q1 2016-0.0%
Q4 2015-21.5%
Q3 2015-6.1%
Q2 2015+1.3%
Q1 2015+6.2%
Q4 2014+4.0%
Q3 2014-1.6%
Q3 2013-1.6%
Q1 2014
Q4 2013

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