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November 4 , 2021 THE JOINT . chiropractic The Joint Corp. Reports Third Quarter 2021 Financial Results - -Grows Revenue 36 % , System - wide Sales 37 % , andSystem - wide Comp Sales 27 % , Compared to Q3 2020 - - Sold 44 Franchise Licenses , Compared to 30 in Q3 2020 - - Opened 33 Clinics , Including 5 Greenfields , Bringing the Total Corporate Count to 83 at Quarter End - - Raised 2021 Guidance on Franchise Openings , Revenue and Adjusted EBITDA - SCOTTSDALE , Ariz . , Nov. 04 , 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 September 30 , 2021 . Financial Highlights : Q3 2021 Compared to Q3 2020 • Grew revenue 36 % to $ 21.0 million . • Increased system - wide sales1 by 37 % , to $ 93.4 million . • Reported system - wide comp sales² increase of 27 % . • Posted operating income of $ 1.3 million , compared to $ 1.7 million . • Recorded net income of $ 1.9 million , compared to $ 1.6 million . • Reported Adjusted EBITDA of $ 3.3 million , compared to $ 2.6 million . Q3 2021 Operating Highlights • Sold 44 franchise licenses , compared to 30 in Q3 2020 . • Increased total clinics to 666 at September 30 , 2021 , 583 franchised and 83 company- owned or managed , up from 633 at June 30 , 2021 . 。 Opened 28 new franchised clinics , compared to 21 opened and 1 closed during Q3 2020 . 。 Opened 5 greenfield clinics , compared to one in Q3 2020 . • Subsequent to quarter end , opened one greenfield and acquired 4 previously franchised clinics , bringing the total company - owned or managed clinics to 88 as of November 1 , 2021 . " Our momentum continued in the third quarter , as we executed on our long - standing strategy to build The Joint brand by opening franchised and corporate owned or managed clinics in retail settings , ” said Peter D. Holt , President and Chief Executive Officer of The Joint Corp. " By quarter end , we expanded our total clinic count to 666 , keeping us on track to achieve our goal of 1,000 clinics in operation by the end of 2023 .