Earnings release
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August 5 , 2021 THE 1 JOINT . chiropractic The Joint Corp. Reports Second Quarter 2021 Record Financial Results , Raises All Elements of Guidance - Grows Revenue 61 % , System - wide Sales 64 % , and System - wide Comp Sales 53 % , Compared to Q2 2020 - - Reports Operating Income of $ 2.0 Million , Up 687 % Compared to Q2 2020 - - Posts Adjusted EBITDA of $ 3.8 Million , Up 237 % Compared to Q2 2020 - SCOTTSDALE , Ariz . , Aug. 05 , 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 June 30 , 2021 . Financial Highlights : Q2 2021 Compared to Q2 2020 • Grew revenue 61 % to $ 20.2 million . • Increased system - wide sales¹ by 64 % , to $ 87.8 million . • Reported system - wide comp sales² of 53 % . • Posted operating income of $ 2.0 million , compared to $ 259,000 . • Reported Adjusted EBITDA of $ 3.8 million , compared to $ 1.1 million . Q2 2021 Operating Highlights • Sold 63 franchise licenses , compared to 11 in Q2 2020 . • Increased total clinics to 633 at June 30 , 2021 , 555 franchised and 78 company - owned or managed , up from 592 at March 31 , 2021 . • Opened 36 new franchised clinics , compared to 12 in Q2 2020 . • Opened 5 greenfield clinics , compared to 1 in Q2 2020 . • Acquired 8 previously franchised clinics , compared to no activity in Q2 2020 . " Our business model continues to deliver strong financial results , " said Peter D. Holt , President and Chief Executive Officer of The Joint Corp. " In the second quarter , we broke records in franchise license sales , clinic openings , and system - wide sales driving all - time highs for the first half of the year . The six - month total for franchise license sales rose to 89 , up from 35 and 75 for 2020 and 2019 , respectively . The clinic openings for the first six months of the year increased to 54 , up from 30 and 29 in 2020 and 2019 , respectively . Additionally , system - wide sales reached 64 % year - over - year , up from 2 % and 34 % in the second quarters of 2020 and 2019 , respectively . "