Joint Corp (JYNT) has disclosed a new risk, in the Accounting & Financial Operations category.
Joint Corp’s recent restatement of its financial statements for specified periods has sparked concerns over potential business risks, including diminished investor trust and adverse effects on its stock value. The corrections, prompted by accounting errors in regional developer rights and transfer pricing for Variable Interest Entities, necessitated a costly and resource-intensive process. This situation may not only lead to significant legal and accounting expenses but also distract management and invite shareholder litigation, further straining the company’s financial health and operational focus.
Overall, Wall Street has a Moderate Buy consensus rating on JYNT stock based on 1 Buy and 1 Hold.
To learn more about Joint Corp’s risk factors, click here.
