Joint Corp (JYNT) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

EXHIBIT 99.1

The Joint Corp. Reports Fourth Quarter and Full Year 2018 Financial Results

- Increases Annual System-Wide Gross Sales 30%, Compared to 2017 -
- Achieves Positive Annual Net Income for the First Time of $253,000 -
- Sells 99 Franchise Licenses in 2018, Up from 37 in 2017 -

SCOTTSDALE, Ariz., March 07, 2019 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ: JYNT), a national operator, manager and franchisor of chiropractic clinics, reported financial results for the fourth quarter and full year ended December 31, 2018.

Fourth Quarter Highlights: 2018 Compared to 2017

• Increased gross system-wide sales 29%, to $46.5 million.
• Grew system-wide comp sales¹ 24%.
• Reported quarterly net income for the first time of $835,000, an improvement of $1.0 million.
• Grew Adjusted EBITDA 264%, to $1.5 million.

2018 Financial Highlights

• Increased annual gross system-wide sales 30%, to $165.1 million.
• Posted annual net income for the first time at $253,000, improving $3.7 million from 2017.
• Achieved positive Adjusted EBITDA for the sixth consecutive quarter and first full year since being public.
• More than doubled unrestricted cash to $8.7 million at December 31, 2018.

Recent Operating Achievements

• Increased the number of adjustments in 2018 by over one million to 6.0 million. 
  
• Sold 39 franchise licenses in the fourth quarter of 2018, increasing the total to 99 in 2018, compared to 37 sold in 2017. 
• Increased total clinic count to 442 as of December 31, 2018: 394 franchised and 48 company-owned or managed clinics. 
  -- Opened 22 clinics and closed two franchised clinics in the fourth quarter of 2018. 
  -- Opened 47 clinics, acquired one from a franchisee and closed four franchised clinics for the full year 2018.
• Opened two greenfield clinics in 2019 – the first new company-managed clinics since 2016.