Joint Corp (JYNT) Earnings Call Transcript: 2014 Q3 Results

SECONDANALYST

This will be my final question then. So obviously, the offeringwas a little bit smaller than the original intent. And I think expectations will dive back a little bit. Between seeing the results of your first few stores open and then also looking at the ongoing performance of thefranchises, at what point do you start to think about maybe getting a bank line as a second source of funding. Is that something that can happen in late 2015? Is that something that we can anticipate maybe looking at in 2016?

John Richards

Good question. First, let me say that – and I mentioned this in the initial remarks – the money we’ve raised is really sufficient for us to execute or we consider to be a substantial proof of concept with a lot of corporate units. But it’s also a model that’s very profitable and that allows us to generate subsequent income to execute additional units. Having said that, this is a model that lends itself to rapid expansion. It’s a very efficient use of capital and I think that after we kind of get our sea legs under us and get a routine of expansion going, that toward the end of 2016, we’ll begin to think of kind of subsequent strategies with respect to potentially accelerating the national rollout and that might include various financial scenarios that we might kind of play.

Operator

Thank you. (Operator instructions.) We shall have no further questions at this time. I would like to turn the conference over back to Mr. John Richards.

John Richards

I just want to, once again, thank everybody for their support and interest in the Joint Corporation. We look forward to visiting with you on a quarterly basis moving forward. Please accept our best wishes for the holidays. Merry Christmas. Happy New Year to everyone from us and we will be seeing you soon.

Operator

Ladies and gentlemen, this concludes today’s conference. Thank you for your participation. Have a wonderful day. You may all disconnect.