The Joint Corp. reported its financial results for the third quarter ended September 30, 2024, showing a 2% increase in revenue to $30.2 million compared to the third quarter of 2023. System-wide sales also grew by 8% to $138.6 million, indicating continued operational expansion.
Despite revenue growth, the company reported a net loss of $3.2 million for the quarter, which widened from a net loss of $716,000 in the prior year period. This loss included a significant $3.8 million in loss on disposition or impairment, compared to $905,000 in the third quarter of 2023.
System-wide comparable sales, for clinics open 13 months or more, increased by 4%. The company's performance reflects ongoing efforts to navigate economic headwinds while continuing to grow its network of chiropractic clinics.
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