The chart below shows how JYNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, JYNT sees a +6.24% change in stock price 10 days leading up to the earnings, and a +3.15% change 10 days following the report. On the earnings day itself, the stock moves by -1.77%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase Q3 2023: Revenue increased to $90.2 million, up 4% compared to Q3 2023.
Clinic Sales Increase: System-wide sales for all clinics opened for any amount of time increased to $129.3 million, up 8%.
Franchise Revenue Increase: Revenue from franchise operations increased 9%, contributing $12.7 million, reflecting the increased number of clinics in operation.
Franchise Clinics EBITDA Growth: Adjusted EBITDA increased 9% to $5.8 million for franchise clinics, demonstrating strong operational performance.
Franchise Network Expansion: At September 30, 2024, total clinic count reached 963 with 838 franchise clinics, indicating continued growth in the franchise network.
Negative
Net Loss Analysis: Net loss was $5.8 million, including $5.6 million in loss on disposition or impairment and the Q2 $1.5 million litigation expense or a loss of $0.39 per share.
EBITDA Comparison: Adjusted EBITDA was $2.4 million compared to $2.9 million.
Clinic Revenue Decline: Company-owned or managed clinic revenue decreased 2%, contributing $17.5 million, reflecting improved same-store sales growth in newer clinics, partially offset by fewer clinics in operation.
Marketing Expense Increase: Selling and marketing expenses were $4.8 million, up 11% year-over-year, reflecting the timing of the advertising spend.
Impairment Loss Comparison: Loss on disposition or impairment was $3.8 million related to the quarterly analysis of clinics held for sale as part of the refranchising efforts compared to $905,000 in Q3 2023.
The Joint Corp. (JYNT) Q3 2024 Earnings Call Transcript
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