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May 6 , 2021 THE JOINT . chiropractic The Joint Corp. Reports First Quarter 2021 Financial Results - Grows Revenue 29 % , System - wide Sales 28 % , andSystem - wide Comp Sales 21 % , Compared to Q1 2020 - - Reports Operating Income of $ 2.0 Million , Up 162 % Compared to Q1 2020 - - Posts Adjusted EBITDA of $ 3.5 Million , Up 108 % Compared to Q1 2020 - - - Raises 2021 Revenue and Adjusted EBITDA Guidance - SCOTTSDALE , Ariz . , May 06 , 2021 ( GLOBE NEWSWIRE ) -- The Joint Corp. ( NASDAQ : JYNT ) , a national operator , manager , and franchisor of chiropractic clinics , reported its financial results for the quarter ended March 31 , 2021 . Financial Highlights : Q1 2021 Compared to Q1 2020 • Grew revenue 29 % to $ 17.5 million . • Increased system - wide sales¹ by 28 % , to $ 77.8 million . • Reported system - wide comp sales² increase of 21 % . • Posted operating income of $ 2.0 million , compared to $ 753,000 . • Reported Adjusted EBITDA of $ 3.5 million , more than doubled from $ 1.7 million . Q1 2021 Operating Highlights • Sold 26 franchise licenses , compared to 24 in Q1 2020 . • Increased total clinics to 592 at March 31 , 2021 , 527 franchised and 65 company- owned or managed , up from 579 at December 31 , 2020 . 。 Opened 12 new franchised clinics , compared to 16 in Q1 2020 . 。 Opened 1 new greenfield clinic , same as in Q1 2020 . • Repurchased the regional developer ( RD ) rights in Georgia on January 1 , 2021 . Combined with the RD rights for North Carolina repurchased on December 31 , 2020 , the transactions totaled $ 2.4 million . As a result , 69 franchised clinics and 37 signed franchise license agreements for unopened clinics shifted from management by RDs to corporate management , thereby eliminating the RD sales commissions and royalties of 3 % of gross sales . " Entering 2021 , we were well positioned with a resilient business model , an accomplished team operating at a very high level , and a strong financial position , " said Peter D. Holt , President and Chief Executive Officer of The Joint Corp. “ During first quarter , we focused on our plan to accelerate growth , including strengthening our corporate development leadership to facilitate greenfield openings and launching a new Grand Opening program . Our efforts delivered strong quarterly financial results and a record number of new patients per clinic for