Joint Corp slumps on annual revenue guidance cut

Joint

06/05/2022 17:28

** Shares of chiropractic clinic operator  JYNT.O  hits over
an year low, down 41.1% at $16.41 in afternoon trading 
    ** JYNT is among biggest pct losers on all U.S. indices 
    ** Lowers FY 2022 rev guidance to $98 mln to $102 mln
compared to previous guidance of $102 mln to $106 mln
    ** Reports Q1 net loss of $206,000 vs. profit of $2.3 mln a
year earlier 
    ** Posts Q1 rev of $22.4 mln, missing analyst estimates of
rev of $23.2 mln, according to data from Refinitiv
    ** Says increasing labor costs and higher turnover affected
the "entire system's bottom line" 
    ** As of last close, JYNT down 75.6% YTD

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))