Joint Corp. board authorizes additional $12M share repurchase program

The Joint Corp. (JYNT) announced that its board of directors has authorized an additional $12 million for its stock repurchase program. “We are executing on our plan to reignite growth and increase profitability and continue to believe that our asset-light franchise model, growth opportunity, and long-term valuation are not fully recognized in our current share price,” said Chief Executive Officer, President and Director of The Joint Corp., Sanjiv Razdan. “Therefore, following the completion of the first $5 million tranche of the stock repurchase program, which resulted in the buyback of 540,000 shares between August and October, we have extended the authorization by an additional $12 million. This underscores our commitment to disciplined capital allocation that delivers value for our shareholders.”