JOINT Corp
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 14, 2025
JYNT$6.83+2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Income Statements for the Years Ended and
CONSOLIDATED INCOME STATEMENTS
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues: | ||
| Royalty fees | 32,144,796 | 29,160,832 |
| Franchise fees | 2,997,850 | 2,882,895 |
| Advertising fund revenue | 9,180,281 | 8,321,043 |
| Software fees | 5,687,326 | 5,086,562 |
| Other revenues | 1,886,352 | 1,526,145 |
| Total revenues | 51,896,605 | 46,977,477 |
| Cost of revenues: | ||
| Franchise and regional developer cost of revenues | 10,063,644 | 9,063,375 |
| IT cost of revenues | 1,453,011 | 1,417,270 |
| Total cost of revenues | 11,516,655 | 10,480,645 |
| Selling and marketing expenses | 10,923,342 | 8,689,664 |
| Depreciation and amortization | 1,363,453 | 1,278,148 |
| General and administrative expenses | 29,833,570 | 26,231,615 |
| Total selling, general and administrative expenses | 42,120,365 | 36,199,427 |
| Net loss (gain) on disposition or impairment | 14,642 | (20,894) |
| (Loss) income from operations | (1,755,057) | 318,299 |
| Other (income) loss, net | (280,287) | 64,293 |
| (Loss) income before income tax expense | (1,474,770) | 254,006 |
| Income tax expense | 62,142 | 11,023,411 |
| Net loss from continuing operations | $(1,536,912) | $(10,769,405) |
| Discontinued Operations: | ||
| (Loss) income from discontinued operations before income tax expense | (6,780,289) | 1,384,750 |
| Income tax expense from discontinued operations | 212,642 | 367,542 |
| Net (loss) income from discontinued operations | (6,992,931) | 1,017,208 |
| Net loss | $(8,529,843) | $(9,752,197) |
| Net loss from continuing operations per common share: | ||
| Basic | $(0.10) | $(0.73) |
| Diluted | $(0.10) | $(0.72) |
| Net (loss) income from discontinued operations per common share: | ||
| Basic | $(0.47) | $0.07 |
| Diluted | $(0.46) | $0.07 |
| Net loss per common share: | ||
| Basic | $(0.57) | $(0.66) |
| Diluted | $(0.56) | $(0.65) |
| Basic weighted average shares outstanding | 14,919,091 | 14,688,115 |
| Diluted weighted average shares outstanding | 15,147,247 | 14,935,217 |
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