The Joint Corp. (JYNT) Misses Q1 EPS by 3c

The Joint Corp. (NASDAQ: JYNT) reported Q1 EPS of ($0.20), $0.03 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $2.5 million versus the consensus estimate of $2.82 million.

"The Joint Corp. has delivered strong results to start 2015. We are executing well against our strategy of becoming the leader in the national market for core chiropractic adjustment services through the development of conveniently located, private pay, cash/credit cards-only, clinics that truly provide affordable and convenient care," remarked John Richards, chief executive officer of The Joint Corp. "We have opened 13 franchised clinics in the first quarter, bringing the total number of clinics open as of March 31, 2015 to 253. The total number of clinics include 15 company owned or managed clinics acquired through the buyback of franchises, with 12 acquired in the first quarter alone.

Mr. Richards continued, "These franchise acquisitions, coupled with our strategic reacquisition of regional developer licenses means we have now set the stage to penetrate top Metropolitan Statistical Areas in the country with further development, demonstrating our commitment to build a strong national concept and brand rapidly."

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

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