NASDAQ$JYNT

The Joint Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

The Joint Corp. reported a strong Q4 2022 with revenue growth, reflecting a greater number of franchised and corporate clinics and continued organic growth.

The Joint Corp. reported a revenue of $27.8 million for Q4 2022, a 26% increase compared to Q4 2021. The company's operating income increased to $1.3 million, and net income was $547,000, or $0.04 per diluted share. The company increased clinic count to 838 at year-end 2022, including 126 company-owned or managed clinics.

  • Revenue increased to $27.8 million, up 26% compared to Q4 2021.
  • Operating income was $1.3 million, compared to $7,000 in Q4 2021.
  • Net income was $547,000, or $0.04 per diluted share, compared to a net loss of $360,000 in Q4 2021.
  • Adjusted EBITDA was $4.0 million, compared to $2.1 million in Q4 2021.

Headline financials

Total Revenue

$27.8M

Previous: $22.4M+24.0%
EPS (adj)

$0.04

Previous: $0.01+300.0%
Capital Expenditures

$1.58M

Previous: $1.61M-1.9%
Free Cash Flow

$3.83M

Previous: $1.17M+225.7%
Net Income

$547K

Previous: $224K+144.2%
Operating Income

$1.3M

Previous: $663K+96.1%
Gross Profit

$25.2M

Previous: $20M+25.9%
Cash & Equivalents

$9.7M

Previous: $19.5M-50.3%
Total Assets

$93.5M

Previous: $87.1M+7.4%
Stock-Based Comp

$304K

Previous: $229K+32.9%

Revenue & EPS history

The Joint · Revenue · Quarterly

$27.8M

Q4 2022+24%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Management provided financial and clinic opening guidance for 2023 and will continue to acquire previously franchised clinics.

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 Q4 2022

Historical avgQ4 2022

+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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