|Over a week ago|
IMAC announces Nasdaq ticker symbol change to 'BACK' from 'IMAC' » 09:2508/0308/03/22
IMAC Holdings will change…
IMAC Holdings will change its ticker symbol on the NASDAQ Stock Exchange from "IMAC" to "BACK" at the open of market trading on Monday, August 8, 2022. "IMAC Holdings has developed a continuum of care for optimal spinal health, from the chiropractic wellness centers at the BackSpace to the IMAC Regeneration Centers' medical doctors, nurse practitioners, and physical therapists delivering advanced and innovative medical intervention," said Jeffrey Ervin, IMAC's Chief Executive Officer. "The spine is your body's central support structure and we recognize its importance for your overall health. We believe that changing our symbol to 'BACK' provides greater recognition of our services and vision for assisting with optimal spinal health and whole-body wellness."
IMAC Holdings Inc trading resumes 09:5007/2607/26/22
IMAC announces exploration of strategic alternatives » 09:1607/2607/26/22
IMAC Holdings announced…
IMAC Holdings announced that its board of directors has initiated an exploration of strategic alternatives. As part of this process, the board will consider a wide range of options for the company including, among other things, a potential merger, spin-off, sale, or other strategic transaction for one or more of its key business units or assets. "As our company continues to expand into complementary revenue streams, we believe the time is right to investigate a range of strategic alternatives with the intent to pursue profitable growth and maximize shareholder value," said Jeffrey Ervin, IMAC's Chief Executive Officer. "We have developed a range of regenerative and organic applications for spinal health and wellness and expect to publish record revenue in our 2nd quarter filing as evidence of this progress. We simply see a disconnect between asset values we have developed and the value our assets may have to partners." There can be no assurance that this process will result in the company pursuing a particular transaction or other strategic outcome. IMAC has not set a timetable for completion of this process, and it does not intend to disclose further developments unless and until it determines that further disclosure is appropriate or necessary. IMAC has retained Joseph Gunnar & Co. LLC as its exclusive financial advisor to assist in the review process.
IMAC Holdings Inc trading halted, news pending 09:1007/2607/26/22
|Over a month ago|
IMAC announces significant traffic growth for The Black Company in Q2 » 09:2206/3006/30/22
IMAC Holdings announces…
IMAC Holdings announces significant traffic growth for The Back Company. The Back Space retail chiropractic centers, located in select Walmart stores, generated over 100% visit growth compared to the first quarter. "Our team's effort is evident as we continue to improve systems to support our doctors that delivered over 6,500 visits this calendar quarter," said Jeff Ervin, Chief Executive Officer of IMAC. "The Back Space growth for the second quarter will be a springboard to material revenue during the second half of the year. This growth is significant since we just celebrated our first birthday as a concept and many of our stores opened in 2022." The Back Space's retail healthcare centers specialize in chiropractic adjustments and percussion tool therapies for soft tissue recovery, muscle relaxation and spinal wellness.
IMAC launches retail healthcare products for spinal health and wellness » 09:3206/1506/15/22
IMAC Holdings announces…
IMAC Holdings announces the launch of retail healthcare products for optimal spinal health and wellness for IMAC patients. Beginning July 5th, IMAC will offer certified organic, from-the-farm supplements that focus on spine and joint issues, inflammation, overall health, and common metabolic issues. The core supplement offerings will include a men's and women's multivitamin, as well as supplements to reduce stress, improve sleep, boost immunity, and combat inflammation for optimal joint health. Physical health and rehab products will be available for purchase to reverse the effects of text neck, poor posture, and the damaging effects of technology on the spine, joints, and soft tissues.
|Over a quarter ago|
IMAC reports Q1 EPS (12c) vs. (17c) last year » 08:0505/1305/13/22
Reports Q1 revenue $3.89M…
Reports Q1 revenue $3.89M vs. $3.06M last year.
IMAC selects two The Back Space locations in Orlando area » 09:3204/2904/29/22
IMAC Holdings announces…
IMAC Holdings announces the selection of two The Back Space locations in the Orlando metropolitan area. After the successful completion of its pilot program for The Back Space retail chiropractic concept located in select Walmart stores, the Company is capitalizing on consumer acceptance in the central Florida test market by adding locations in Orlando and Sanford.
IMAC completes Walmart pilot program for The Black Space » 08:4904/0704/07/22
IMAC (IMAC) announces the…
IMAC (IMAC) announces the successful completion of its pilot program for The Back Space retail chiropractic concept located in select Walmart (WMT) stores. As a result, the Company is committed to tripling its store count with at least 20 additional locations over the next twelve months with a further goal of adding significantly more stores over the next three years. The Company expects the new stores to be a combination of corporate and The Back Company franchise locations to address market demand. "The initial interest from franchisees has been strong using only our internal marketing efforts. As such, we do not expect that it will be necessary to engage brokers to sell franchises in the foreseeable future which will allow us to retain a greater portion of the franchise fee to support our franchisee's development efforts. The feedback has consistently referenced our lower initial investment requirements compared to other chiropractic franchisors," said Jeff Ervin, Chief Executive Officer of IMAC. "We believe this helps expand our brand at an accelerated pace as compared to solely opening corporate owned storefronts."
IMAC reports preliminary Q4 revenue $4.368M vs $3.46M last year » 09:0203/3103/31/22
"The fourth quarter…
"The fourth quarter of 2021 was productive. We started the quarter with the acquisition of Louisiana Orthopaedic and Spine Institute which we expect to be our largest clinic by the second half of 2022. And by the end of the quarter, we delivered 26% revenue growth on a 9.7% increase of patients visits compared to Q4 of 2020," said Jeffrey Ervin, IMAC's Chief Executive Officer. "Another significant accomplishment during 2021 included growing our service footprint with the launch of The Back Space retail chiropractic pilot program in select Walmart locations. We opened 10 stores in three markets as part of the pilot and recently completed The Back Company franchise to expand The Back Space presence. The infrastructure incorporates technical advancements with our consumer engagement tools as evidenced with the launch The Back mobile app, the first in the chiropractic industry to provide mobile queue registration. Dr. Ben Lerner recently joined the team as COO with an emphasis on leading The Back Company's growth using his franchise and high-growth experience after a 17-year tenure as founder and CEO of a large chiropractic franchisor and lifestyle company. Finally, we've already completed the second cohort and initiated the third cohort of our Phase 1 clinical trial. We anticipate completing our third and final cohort during summer, 2022. Each of these milestones are part of IMAC Holdings' roadmap to helping consumers develop a personalized, affordable and engaging experience that guides users to better spinal health and physical function. There was demonstrable progress during 2021 to set up a springboard of growth for 2022."