JYNT - Earnings call transcript Q2 2024

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Operator

Good day, and welcome to The Joint Corp.

Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] Please note that this event is being recorded.

Now I'd like to turn the conference over to Mr. David Barnard, LHA Investor Relations. sir. ahead, go Please

David Barnard

Good Investor Again, Relations. Nick. Barnard is of LHA afternoon, you, this everyone. David Thank

Please XXXX. using Joining issued Joint President be Today, Holt; quarter Singleton. after and the on found its CEO, we us the the June of ended Peter results and call at https://ir.thejoint.com the CFO, for Events that close slide Corp. presentation a today under are note, XX, can are section. Jake The market,

copy a section of press you website. do have If in Relations already can it Investor found of the be not release, company's the the

As All please meaning discussion of on other historical of statements Reform the be advised the includes harbor safe that Litigation provisions of than forward-looking statements provided today's Slide may statements. X, the Private facts within XXXX. forward-looking considered of statements Securities be Act

prove and Although reflected or can no the assurances assumptions that reasonable, in these will have the believes expectations it that statements are make to company such been correct. expectations forward-looking assumptions

results may various materially uncertainties. implied or and risks due expressed forward-looking those statements in to Actual from differ

caution against result, we these you a placing on undue forward-looking As statements. reliance

to the from and expressed a to reports the Form on of as results with as could or XX-Q the SEC. well time differ time factors please the statements, company For other cause that the discussion implied actual that uncertainties company's reports review risks the files in risk forward-looking in those detailed XX-K from and

publicly to statements to of revise information date events. call undertake obligation do this results or we made light Finally, or call, not statements any only as this forward-looking of in release of these the in are new included updates earnings any future forward-looking any our and

presented more and the measures and performance used to company's management a net financial alone. adjusted which believes Management view measures operating income assess because press presented is These measures. trends adjusted of GAAP they and uses EBITDA of they underlying release. to financial provide by operating are transparent Management the in and important non-GAAP performance. are are EBITDA Reconciliation EBITDA EBITDA,

impairment, income defines which The rights, adjusted associated expenses. company before employee purchase contract net or gain EBITDA disposition expenses, and of or of regional with gain, legal income acquisition-related expenses proceedings to the filings, termination course ordinary The fees bargain tax other expense, specific loss of litigation retention for on restructuring credits. loss and reacquired EBITDA costs related or costs, business stock-based restatement compensation costs arise as net amortization and to company the before related outside defines includes company's net related EBITDA depreciation as interest, expense, that developer consisting

franchised and at the the that also by include System-wide clinics franchisee or financial basis includes company are that performance full company because financial both include revenues fees comp have the discussed clinics, are records sales indicative the months each have by whether revenues not believes company. in by sales the the information sales recorded these on commonly Management sales metrics. is important as operated franchisees, performance the are franchised all while understanding at Management least the calculates closed. been of clinics health in any case from or clinics company-owned and of base. XX and open revenues which royalty exclude and System-wide managed company's

over my Peter to to call Turning to the It Slide is X. turn Holt. pleasure

Peter Holt

access to care. everybody call. the to to Joint Thank David, you, and revolutionize chiropractic The continues I welcome

clinics, of setting. are affordable XX% XXX convenient nationwide franchised, membership-based Our network provides in services which concierge-style retail of

economics to and strategies XXXX, vast improve of corporate unit we furthered refranchise our our majority the clinics. QX During

new compared same-store to And $X.X revenue EBITDA during year comps embracing to our detail increased profitability, national in leverage was we're Jake IT levels. marketing the local greater size X% We and moment, will on X%, our operations, million. also macroeconomic a continued pressure. and of To even clinic network grew adjusted period. XXXX to innovation provide in deliver ongoing prior the financials. the and QX that growth increase QX

Slide I'll activity. to the recent X. Turning review

having we're our clinics. clinics, power, leveraging we approach purchasing benefit increased of the which As our to X,XXX we

created be For openings. example, our clinic redesigned a of a lower cost time with economically. and interiors optimize unit sizes more material the in to our economics that task force and new box We cost can shipped

a vendor can to all open and our Now clinic. elements ship the produce

the expect to We opening the build-out cost. shorten lower to and both time significantly

better more consumer businesses. to In our automate that help and our manage with elements business tools recent And of financial supporting innovations current adjusting preferences. franchisees the IT, their patient align model we're include

An patient part frictionless of experience. growing a important loyalty creating is

our that love schedule important to need subset and visit on booking out a can positive ensure launched of and a first to like of way. patients was get model, initial our convenience both their had would To Joint. earlier the Patients the in, patients and after have experience testing this system-wide they While choosing to The year, booking we've booked visit their that their this answer we first last indicated who visit their learned month.

this our digital their to devices own this patients a now completing mobile with tested month. forms enhanced use when extensively roll intake their intake plan to We've new that system-wide out form enable later

proven as less coordinators. have process as patients and time-consuming wellness for well trials this Our our easier is

beta the We're our we'll QX, app. in developing check-in, aggressively mobile and

and We're Additionally, as evaluating operation as our be pricing policies. as rate, pricing legacy hours membership policy. to strategies well walk-in options our different and discount days assessing and of changes such we'll

Turning refranchise efforts. and to Slide goals our review X. I'll

clinics. full-service refranchising confidential and we for information package memorandum As discussed on growth investment clusters refranchised specialization middle-market recently our and Partners, of most marketing long-term we're by partners for a previously, bank, focused May, driving Capstone engaged with selecting the finalized the clinics. In effective our

with letter clusters clinics and considerable can to be process, the that Arizona number reinvested X existing markets. and/or clinics the Kansas In sold during way transactions $XXX,XXX. the through we for have options. tie These been and will purchases marketing, to address smaller to capital X on Savannah transactions generating We're franchisees. our quarter, in acquisitions and proceeds intent on we among have in meantime, earlier approved X net brand we stock interest a well to of Currently, franchisees moving of RD X territory in in City. other existing California of Also, based conversations

to the funnel and and to market Slide we increase engage Turning resources improve and toward marketing patients, and campaigns. and awareness conducted X. need I'll retention, programs months, patient X from our to We shift we've consideration In significant formulated optimize acquisition and lapsed marketing better support investment generation realize the referrals conversion attrition. lead last to review our efforts. research amplify

loyalty. working grow make more brand to some of unique XX% been the The have in efficacy than like in adjustment adults X% tissue clinic patient advantage, joint is leverages the constantly that profitability while States first-mover in of important the is lives. synonymous and as Similarly, an marketing even and we X.XX defines United our our States, goal the which active pain of at with strategy we're represents United less educate people to to is chiropractor as strategy Joint has chiropractic back their our point Currently, XX% This a to on to focus patients, about though our strengths and adults chiropractic care. building have never Kleenex we have to million

legacy-priced these In plus makes an Additionally, promotion impressive part memberships. even offer members, And loyalty even is results had of year when to X our to summer expectations. of a for more demand in access began sale is our the June, our exclusion patients month sale, exceeded -- valid affordability. This part This of is driving we patient What strong X the this without purchase X giving for discounting to ongoing a clinic-level commitment of we not important in year, for months the drive we promotion. free care that was legacy know our profitability. they advance.

channels increase to patient with a This spend implemented new as consideration a co-ops our and and their increase of new work costs. continued worked robust well market-wide chiropractic those and new TikTok -- as at what awareness the we and to to includes impressions largest to the not aimed we introduction strategy. more cost We've reduce marketing-level channels new acquisition and to Leveraging lowering tactics. those driving patients with know provide behavior, chiropractic and co-ops about with to our

X. Turning to Slide

XXX clinics Let's X owned franchised the our total X portfolio discuss XXX corporate. X corporate, we clinics, June closed during clinic of franchised year our metrics. greenfield a XX% refranchising X clinics, X same X net clinic increase franchised consisting X X or and previously of and and XXX franchised opened franchised corporate franchised and clinic managed, In for XX of QX refranchised closed XX% expected franchised we clinics. the and XXXX, opened corporate although ago, company clinics, our period X mix XX XX, XXXX, shift portfolio to strategy. net execute for we a reached X it's and increase count our remains clinics a year acquired In and clinics, The as clinics. On X for

our Slide sales. license to Turning review X. franchise I'll

to indicated, previously license refranchising sales As franchise strategy. we impacted expect be by our

XX $X.X for aggregate in million, with sold, development During the another licenses reacquired with Of XX, active minimum QX, clinics. the XXX XX XX-year In XXXX, At to The reduced franchise as we XX% compared This franchise clinics the to XX XX XX% we XXXX. we of well approximately to network. were in approximately XX development Maryland-D.C. the QX Joint. a their RDs July, to licenses had new opened licenses X and territory for coverage and developers the of an XXX of schedule sold June franchisees as regional potential for RD clinics. number

to with I'll turn it Jake. And that, over

Jake Singleton

I'll let's million, System-wide review opened QX months compared all sales more X%. Slide XX comp clinic Thank turn $XXX.X XX X%. for to decreased or opened sales clinics time for XXXX. for to all you, increased XXXX for System-wide Peter. months comp to sales X%. any QX amount X. mature clinics of increased clinics comps System-wide for opened And up our

$XX.X million, X%. regional managed $XX.X royalties higher decreased X% million, the commissions. XX%, X%, clinic from million up contributing the up $X same associated $XX.X revenue or developer Company-owned was was year, or Cost and reflecting operations $X.X Revenue million. of increased Revenue franchised contributing last period revenues million. over

conference that state Depreciation reflecting period. and the advertising to increased as reflects expenses held legal marketing associated timing corporate of expenses California, national with same to clinics Selling support $X.X settlement the amortization refranchising accounting the up compared period the of of up the the with year, complexity business or XX% This for $XXX,XXX spend. million for more XX% of million, and in associated year-over-year, due the part expenses class to expenses last being prior were and reflects the in-person related and the are California. in $XX.X G&A to decreased costs primarily doing XX% to were year million, which ongoing the effort. $X.X wages expense action plus compared time the in clinics, sale

on effort. $XXX,XXX of in the Income impairment closures clinic of Loss XXXX. QX $X.X disposition tax related as clinics compared or $XXX,XXX XXXX. sale held part $XXX,XXX compares million to our to for in analysis was quarterly X income QX was tax corporate and of refranchising to expense This benefit

$X.X loss impairment impairment including $X.XX national million, of and to loss loss in or per share. in-person expense, a in $XXX,XXX, loss including XXXX. share million the the was a the or litigation associated on QX loss on of This compares $X.XX expense aforementioned $XXX,XXX Conference or $X.X for $X.X of disposition per of loss net Net with disposition million

Company-owned $X.X expense component service was to marketing professional increased was EBITDA compared Corporate clinic $X.X million legal related $X.X refranchising is $X.X to compared was managed compared million. $X.X expenses to higher adjusted Adjusted conference. EBITDA ongoing of expense million XXXX, reflecting or $X.X million, reflecting EBITDA the in adjusted Franchised increased to XX% clinic national the maintenance to million IT our related QX EBITDA $X efforts. million. and a to adjusted and million

XX, December Slide from XXXX, million. cash cash compared sheet to period our Cash $XX.X million operations At June XX and flow. XX, $X.X unrestricted to was was to balance review XXXX. $XX.X our X-month flow for the On at million

QX In immediate have of addition, February million sale to this of $X facility, proceeds of on was retained IT through line repayment of the with and the offset partially by credit X net Chase. the ongoing access $XX Through clinics JPMorgan we million XXXX. CapEx a

per million XX, or litigation On on a review the expense disposition in results the in-person up for $X.X ended on Adjusted net disposition aforementioned of X This in XXXX, financial of $X.X was of $X of loss compares June XXXX. $X.X a our share. in the first same to $X.XX which X%. $X.XX employee million income $X.X $XX cost million, impairment and to for per XX retention million, Net Revenue loss or of for Slide impairment the share. million, million XXXX loss for to and diluted national $X.X $X.X million the included compared the including half months credit was XXXX. of $XXX,XXX million period conference EBITDA the compared franchise was of and period loss to same or

On to Slide XX.

in XX all comps July, System-wide in compared sales the to million our the sales between comp in reiterating $XXX million months an be digits of XXXX. more to X% to promotions, increase $XXX elements clinics mid-single of for compared open our With to or and anticipation expected strong million in are XXXX. we fourth System-wide increase $XXX in of are are guidance. quarter expected all

openings, XX reflects efforts. XX compared in XXXX. of expected clinic XXX franchised the refranchised be refranchising impact excluding of and The difference impact clinics are New to between our to the

I'll with to over that, the call And you, turn back Peter.

Peter Holt

Thanks, late at performance. Jake. we our profitability In with strategy to clinic annual increase discussed and franchisee outstanding clinics recognized May, conference,

franchisees, and theme, imagine, of passion employees. inspire, influence conference and the RDs Our captured our

people of in doctors is the to a and like-minded chiropractic States. thrilled we're most franchisees be some with talented As brand, building franchising United partnered of the

XXXX. this $X.XX award we recognizing sales over winners increase XXXX. $XXX,XXX generated ceremony, XXXX the with marked from high-performing with million, clinics $X platinum And During -- we level at clinic XX clinics award with year's $X.X million a clinics This million. XX this clinics included compares only XXXX. our one and XXX honored inspirational exceeding over XXXX sales in $XXX,XXX over year, honored that to gold This sales X in between in

Part general chiropractic We've Since community's improve of schools better have improvement to affordable our and of Joint. care. the care model, forge with to to this The about service perception of in influence commitment chiropractic of through chiropractic views our educated in life The quality we've substantial the to our and chiropractic Joint taken and action relationships our endeavored success is the associations to routine and patient them mission and particular. XXXX, in attributed

a the sought with of program, is Joint Now in growing chiropractic, mentors number preceptorship participating increasingly schools' of doctors after. doctors undergraduate which

the XXXX including scholarship $X over educational, and XXXX, athletic also and support endowment. programs. We has chiropractic providing foster The schools, these a student relief relationships Joint by for May donated Between recent million to

patients grown to never fact the XX% information providers. around Joint have of also chiropractor largest on chosen Internet, We've This XX% means be provider a on our been over that chiropractic the XXXX had the over new which The other to contributes of in before. to

XX% Currently, care the our of adults the clinics happen our of more to With becomes we're Imagine reached more Now year XX% educate these we we referrals and we the more last I'll to to we enhanced experience in X,XXX according the efficacy The the and open. growth. people study. about more the care when marketing, when look relationships serve, and clinics to the or what truly the about U.S. That's future. patients chiropractic and open, having beyond. would we exponential chiropractic. the began numbers, mainstream in we a approaching power under receive have the better Palmer-Gallup business and utilized choice, XX% chiropractic

is reach boundless. our care chiropractic discover people more and more As

to unit exceptional In at economics. of improvement, unit is to optimization summary, in delivering and refranchising our patients. Through continuous experiences profitability XXXX, resource maximize we our level the and corporate highest clinics priority operations, while expect improving streamlined

Consumer us Xth I'd begin, City B. visit invite Annual New the at Conference September. York you TMT and we in in Riley like to Before to

to begin I'm ready Nick, that, Q&A. the with And

Operator

[Operator ROTH be from question Capital Partners. Wollam, JP First will Instructions]

John-Paul Wollam

with going. talk we lower about on are might are talk broadly the just But under finding you Great. how more If the conversations exactly start I this LOI. refranchising, not to bit got And to information you that about be than I'm I or larger-scale share success how that of time? on the just time. about into much more franchisees. just of do at taking looking number sounds like units about we just and you of maybe to could Any in process transactions was could a where sure people process. couple the you've hoping We're the hoping. a process little more Are share the is existing just kind you refranchise here. of maybe have point could are thought details share great. are be want a think It But maybe kind what you'll But would

Peter Holt

has talk to I process than The longer expected. have further good are. be we It's have combination. process with this would taken would loved along little really you. to And a probably we than Sure. it's a in

Capstone the roughly that of do want are XXX is out So looking that maybe have to and up into reason are clinics around We're for diversify couple to we broken of our portfolio clusters. we that they invest existing them. a to clinics there went with that the that cluster have really looking And we've clinics. a and in who to other operators The talking are of into pick widen franchise of up relationship franchisees you market. larger multi-unit number concepts,

[ program. us -- so And market that some time that to the it's SIM we're put using taken to ] together the

of the same really of that market interested in clinics. large have we're couple the very system our And time, very we in also are players. now some those of so players to aggressively acquisition larger starting to And a at own

has taken than anticipated. longer little a it So

are trying assets books. These well-performing off I we in to most in run is want the them are put to of a lot just the valuable that the we're sale This there can hands obviously fire think of clinics. where franchisees who get These clinics. them. effectively that obviously isn't interest these a

are I real we're so And through. those drivers that think process this going the of

John-Paul Wollam

to over the to bit you a helpful. jump be you of the share, innovation cash-on-cash more way the and any the the very Or IT box. just we around a that and to I focus That's Could is to innovation, If a forward? I comment made quantify on on would Great. little changes maybe I what the could you going if box guess, And think costs impact and maybe the conversation there some reducing basis the quantify, maybe reducing about on return can -- time way any open. impact?

Peter Holt

Well, to done is what numbers, I'm not the whole the process build-out we've really ready specific we've of streamlined out give really but clinic. of the that

So -- first simple. is relatively we before build-out -- all, of whereas our

this big where I build-out, the a really that's operation. mean desk, is we up very front a so a we a clinic. the open And But been segment clinic. -- which of have of each for to simple the have, equipment isn't QSR lot required it's individually for building example, the

done we've that we've what is Now process. streamlined

it's don't the built each easy to So modular have ship, -- of it's and it open. to uniquely they have you it so that can clinics for

is looked install. what really lower of cost, element ways that every either at we've to part its And that looked we easier of streamline it build-out it, and make at can

we to lower those when the consolidate And shipped elements, had that's able case, cost. that they so you're coming your trying of and to tables location we're that from different in you're And that vendors that trying these building, the all you're the to are get increasing desk whether or so to different clinic, the being or also, cost.

because in all faster reduced associated fill build-out. that with we shipping the really clinical the is consolidated, So can costs you And really a manner. this then significantly

really we cost. program. by go a getting does what that's open we'll we're at that faster with these of for about process month X if or excited as and But months, lower the forward streamlining this clinics So see a

John-Paul Wollam

Understood. I could last one slide Okay. And if one in.

well. half I would improvements was for on of the sounds in get the terms like digit. performing year kind this Jake, July of to the has Just is just that of it back -- maybe but -- think in us mid-single to maybe comp

promotions half? But and there's a bit are needing meaningful the think maybe get really any in to in an to little be the that is easier levers of easier guidance of QX. the kind it then comp back there of that you kind I seasonal mentioned? Or pulled comp to are comp

Jake Singleton

Yes.

of franchisees X% us. for strong got with think most greater We closer pieces did with I than posted off you've our the the July a system there. comp to X%. start

levers So see like happy the starting quarter really third you is a in a XXXX mentioned, how to perspective, period. the out. it's QX from softer Really,

of easier are there, We terms perform fourth in So promotions quarter always that we're our theoretically. planned. comp over rolling an well

with. as that at the But Peter if we we're to see mentioned, something to touch consistently base that's levers looking need pricing

policy, So pricing, those at the whether mode are potentials of that now, that we're right walk-in in nature. evaluation things looking legacy --

we those a and our incremental a of levers to ability promotion on the disposal So bit little an need layer have always should then at we boost.

So mostly levering existing you things with mentioned. that the

Operator

Our Dipollino Group. will Craig-Hallum of CJ be next Capital question from

Charles Joseph Dipollino

just year? more on It you these for in transactions. on Hamblin. larger like CJ looking of sounds Or going next is to XXXX? starting towards a world the of any to again out Dipollino there these see want I to you you're transactions larger done some Jeremy get -- wanted where with are touch I get refranchising.

Peter Holt

structure of to that on are more diligence like of you It's all deal, on possible support. the end doing, complete. uncertainty that take these clinics the creates the -- sale outside done it so due as the little for we'd the hard is minimize much to in have larger we as as employees and it for your X-wall time a to see price up the hard just the Ideally, And make takes these to pushing going 'XX because that this system also want you're now and time to typically, more as to legal everybody difficult, the the aligned possible. these deals get

it's done I probable. the go 'XX? think think into by year? by Will I end we get the of can everything it's possible. significant we get things done the this So year? Can

Jake Singleton

have exceptionally had only CJ. in place. ]. now taken SIM on there is would materials time the work of a Yes, we thing I of [ of time get to lot the rooms an due The kind amount detailed a considerable create to layer And and diligence we've

we resources that we nature the materials so of have little process streamline can. and going larger best strong interest, Peter together more to confident transactions as that we've feel to time. And bit lot a are that put as But as mentioned, by a take we

Charles Joseph Dipollino

Got it.

towards traffic. out makes just Okay. comps And maybe That going of lot then sort color A sense. and on more into June. moving little specifically through of slowing Could of in cadence give called peers the May have starting traffic QX? comps a you

Jake Singleton

bit of did comps a see quarter, particular this nuanced for We Yes. little a quarter. throughout the in us slowing

Peter in that promotion a June, in prepared run buy we promotion. a we is mentioned his remarks, have which forward As

So patients are the care for you buying months price our X of if of X, will.

legacy not And it of any our promotion. Peter pricing mentioned, recurred that to did so But as year-over-year. relates we that honor as

what period So that it us roll particular a current the was uptake capitalizing people that slightly does and then the months we stay that had terms for in their recurring in But plan what on promotion. of meant in they us, on to means this billings that their preceding for lower follow.

mentioned in the which of the strong is think here comps we've I revenue kind lower some period-over-period, seen think for a I so June that which in really So and resulted I slightly helping July, far. comp of pushout us

Operator

Group. Nick be Next Instructions] from Sherwood, will Maxim question [Operator

Nicholas Sherwood

seeing comps? from about in loss talk mature growth to that in can be My that clinics? you lot seeing for expected you rebound the are question you sales And a comp are is, new July? Or clinic sales the of

Jake Singleton

comp our -- improved all Yes. We July. metrics of in

the a X% in And the posted negative to those X% mature. quarter, system second the metrics results so As it fell each the QX, quarter, the it for relates mature X% X% X% by clinics. to for as system, we total relates negative comp, for of

to that so is KPI look in the sales build, And new the continue patient clinics, we the of see softness we that as what metric. our at gross drives

is And them If getting great still the our it's we're in we're as a as rate. converting attrition been. door, ever good at

traffic where really trying consistently headwind headwind the seen we really saw just that new to it's So periods. in the and we're that that's patient and draw, recent have

down sequential environment comp July. still consumer here posted seen nice a in rebound tough a X% have a there, a X%, out and So we in

Nicholas Sherwood

sales you to have we're look going at these do the through rest mature mature do still the any you the for So contraction year plans think going clinics? clinics? comp Or forward for stabilize to going the of

Peter Holt

That some was absolutely. No, we things of talked the about.

different are seen coming ways that that instead we've initial as And new increased what patients. existing into new clinics our this example, business the we in market we so we're with of bookings great the find success really has the with been really for we're counts So of out visit calling patient book patients have and testing to appointment. system you our all we that in that just actually some a an new now looking that patient, that those at that, now rolling across significantly the can

those can kind average to because bring about just million dropped be that active for with one months. of of we marketing recontact we And some walk-ins. on -- for place they've to lot users have using membership about automated They in after that lapsed that know X X.X in focused areas stays earlier patient put of could be us We people lapsed them be about programs able those patients. the that of could a on and been those, are talked the we we is They we've patients.

pain months also We that will them of next XX% back. because comes know the X their be back in

it of number this marketing, membership a earlier. base through bring greater And they those can in a think than draw potential who've because specifically and those patients to is a automated base clinics we through We huge clinic of in such to have patients clinic. mature has a back try been those clicks, of whole newer

we through So this patient think clinics uncertainty kind continue help as our with that economic to we older our of base. could significantly go

Nicholas Sherwood

see overspending that spend up? which adding marketing you presidential question promotions -- are making last you my fourth there into sales I beginning out advertising the on are don't And election sure the expenses going with how and going without and costs? customers you're quarter you and And quarter getting is, Understood. generally the so advertising of your this higher of third these managing how because

Jake Singleton

I drive really patient Sure. full the of in terms have you mean think funnel we about how traffic. to new

The As the a right of lot is largest services now a of really space. advertising business, points. for probably digital at in and care that have referral isn't price whim the health we traffic, channel us

so co-ops, that overall those dollars be from And it we right? or see national perspective, an spend marketing fund may our of whether our

of franchised their as per local per has month as requirement units to Each our advertising. $X,XXX on spend a much clinic

this our how And go of lot have think uptick? as higher again, channels that lot disperse But cycle, we we doesn't some a a we slightly marketing flow of in corporate And I of through the could in so mix see through terms P&Ls. we that spend.

Peter Holt

that we've in so And influencers that absorbed TikTok national of [ elections. new spend with a some are, outside programmatic by ], that or ways, work traditional some in the channels some little of these being like done is

and series that something of spend digital to we're venues, a new in be is we space, these especially have watching do those to whole the So other able carefully, it but generate patients.

Operator

closing question-and-answer Holt the call concludes you. to for over This back turn to like Mr. our Peter Thank remarks. session. I'd

Peter Holt

U.S. in report athletic of and one a team heptathlon which in The high. their chiropractic In their Eugene, enhance influencer influencers, Thank them qualified Chari Joint authentic in much. XXXX Hawkins, how to campaign excited for And Olympics athletes we with in stories Chari helps we're would refinish field the Paris. April, trials career share you the performance. that second own Oregon, athlete about announced The Olympic Joint At very track

she the records events, the addition, in In X cheering and well the achieved shot adjusted. Please join the the in me personal the of Olympics. put. and and athletes X Chari Paris on at XXX-meter you stay Thank javelin run, all

Operator

for has conference The attending today's now you Thank presentation. concluded.

now may You disconnect.

The Joint Corp. (JYNT) 8 Aug 242024 Q2 Earnings call transcript