The Joint Corp. (JYNT) Reports Q3 Loss of $0.04/Share; Appoints New CFO

The Joint Corp. (NASDAQ: JYNT) reported Q3 EPS of ($0.04), versus ($0.04) reported last year. Revenue for the quarter came in at $1.82 million, versus $2.16 million reported last year.

"The first nine months of 2014 were a period of strong revenue growth as we continued to open up clinics nationally and as existing franchise clinics continued to mature," remarked John Richards, CEO of The Joint Corp. "We expect to add an additional 70 to 90 clinics in 2015, with an increasing blend of corporate owned clinics and the continued, but more focused, expansion of franchise clinics as the hallmark of our future strategy."

Mr. Richards continued, "Our strategy is to become the leader in the national market for core chiropractic adjustment services through the development of conveniently located, private pay/cash-only, clinics that provide affordable care by an exceptional team of licensed chiropractors. We expect that our recent initial public offering will provide the resources to accelerate our national expansion."

"Also, we are pleased to announce the appointment of Francis T. Joyce as chief financial officer and treasurer," Mr. Richards continued. "Frank comes to us with a wealth of emerging and established public company experience as a CFO, including IMAX Corporation (NYSE: IMAX), theglobe.com and Mistras Group, Inc. (NYSE: MG). Frank is a CPA and holds an M.B.A. from Fordham University. His appointment is effective immediately."

For earnings history and earnings-related data on The Joint Corp. (JYNT) click here.

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