Visits to Walmart spine centers up 1,818% in Q3: 5 notes

Spine

IMAC Holdings' retail spine locations saw a leap in year-over-year and sequential visits in the third quarter, according to financial results posted Nov. 15.

Five things to know:

1. Third quarter revenue grew 9 percent year-over-year with $3.78 million.

2. The Back Space, which operates out of Walmart locations, saw visits jump 1,818 percent year-over-year and 28% for the sequential quarter.

3. Nine-month revenue in 2022 of $12.7 million is a 26.9 percent increase compared to the same period in 2021.

4. Highlights of the third quarter include the launch of a vitamin and supplement line and progress in a clinical stem cell trial.

5. IMAC Holdings in the third quarter trimmed its liabilities by $1 million and ended the quarter with immaterial note payable balances.

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