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Fathom Holdings (FTHM) Reports Q1 Loss, Lags Revenue Estimates
Zacks Investment Research· 2024-05-09 23:56
Fathom Holdings (FTHM) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -29.17%. A quarter ago, it was expected that this company would post a loss of $0.32 per share when it actually produced a loss of $0.50, delivering a surprise of -56.25%.Over the last four quarters, the company has not be ...
Fathom Realty(FTHM) - 2024 Q1 - Quarterly Results
2024-05-09 20:33
Exhibit 99.1 Fathom Holdings Reports First Quarter 2024 Results – Company Targets Achieving and Remaining Adjusted EBITDA Positive Moving Forward– CARY, NC, May 9, 2024 – Fathom Holdings Inc. (Nasdaq: FTHM) ("Fathom" or the "Company"), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, and SaaS offerings for brokerages and agents, today reported financial results for the first quarter ended March 31, 2024. "We made progress during the ...
Fathom Holdings to Participate in the 24th Annual B. Riley Securities Institutional Investor Conference
Prnewswire· 2024-05-09 12:05
CARY, N.C., May 9, 2024 /PRNewswire/ -- Fathom Holdings Inc. (Nasdaq: FTHM) ("Fathom" or the "Company"), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, will participate in the 24th Annual B. Riley Securities Institutional Investor Conference being held at The Beverly Hilton in Beverly Hills, CA.Fathom Chief Executive Officer Marco Fregenal will present on May 22, 2024 at 12:1 ...
Fathom Realty Celebrates the Success of Fathom Serves Initiative
Prnewswire· 2024-04-29 12:05
CARY, N.C., April 29, 2024 /PRNewswire/ -- Fathom Holdings Inc. (Nasdaq: FTHM) ("Fathom" or the "Company"), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced its upcoming Summer Fathom Serves initiative. From June 3 to 8, 2024, Fathom Realty agents and staff will dedicate their time and efforts to give back to their local communities and favorite charitable organ ...
Fathom Holdings to Participate in the Planet MicroCap Showcase: VEGAS 2024
Prnewswire· 2024-04-23 20:10
CARY, N.C., April 23, 2024 /PRNewswire/ -- Fathom Holdings Inc. (Nasdaq: FTHM) ("Fathom" or the "Company"), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced that it will participate in the Planet MicroCap Showcase: VEGAS 2024 being held at Paris Hotel & Casino in Las Vegas, NV. Fathom Chief Executive Officer Marco Fregenal will present on Wednesday, May 1, 2024 ...
Fathom Realty Announces Promotion of Daniel Lang to Regional Director
Prnewswire· 2024-04-16 20:05
CARY, N.C., April 16, 2024 /PRNewswire/ -- Fathom Holdings Inc. (Nasdaq: FTHM) ("Fathom" or the "Company"), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced that its subsidiary, Fathom Realty has promoted Daniel Lang to Regional Director, Eastern Region. In his new role, Lang will oversee operations and growth initiatives in the Eastern third of the United State ...
Fathom Realty(FTHM) - 2023 Q4 - Annual Report
2024-03-19 21:23
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39412 FATHOM HOLDINGS INC. (Exact name of registrant as specified in its charter) | North Carolina | 82-1518164 | | --- | --- | | (State or other jurisdiction of | ...
Fathom Holdings (FTHM) Reports Q4 Loss, Lags Revenue Estimates
Zacks Investment Research· 2024-03-14 22:16
Fathom Holdings (FTHM) came out with a quarterly loss of $0.50 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to loss of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -56.25%. A quarter ago, it was expected that this company would post a loss of $0.33 per share when it actually produced a loss of $0.34, delivering a surprise of -3.03%.Over the last four quarters, the company has not bee ...
Fathom Realty(FTHM) - 2023 Q4 - Annual Results
2024-03-13 16:00
[Company Overview and Strategic Focus](index=1&type=section&id=1.0%20Company%20Overview%20and%20Strategic%20Focus) [Introduction and CEO Commentary](index=1&type=section&id=1.1%20Introduction%20and%20CEO%20Commentary) Fathom Holdings Inc. reported Q4 and full-year 2023 results, emphasizing agent growth and cost optimization for future profitability - Fathom Holdings Inc. is a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS services[1](index=1&type=chunk)[24](index=24&type=chunk) - The company aims to achieve and maintain positive **Adjusted EBITDA**[1](index=1&type=chunk)[8](index=8&type=chunk)[19](index=19&type=chunk) - CEO Marco Fregenal stated the company is focused on growth strategies, expanding its agent base and optimizing cost structure to prepare for profitable growth in 2024[2](index=2&type=chunk) [Fourth Quarter 2023 Financial Performance](index=1&type=section&id=2.0%20Fourth%20Quarter%202023%20Financial%20Performance) [Operational Metrics](index=1&type=section&id=2.1%20Operational%20Metrics) Fathom's agent network grew significantly in Q4 2023, outperforming industry averages, with transaction volume declining less than the market Agent Network Growth | Metric | December 31, 2023 | December 31, 2022 | Growth Rate (YoY) | | :--- | :--- | :--- | :--- | | Number of Agents | ~11,795 | ~10,370 | 13.7% | | Industry Decline | - | ~1.61% | - | Real Estate Transaction Volume | Metric | Q4 2023 | Q4 2022 | Change (YoY) | | :--- | :--- | :--- | :--- | | Fathom Transactions | ~8,290 | - | -11.0% | | Industry Transactions | - | - | -13.8% | [Revenue Breakdown](index=2&type=section&id=2.2%20Revenue%20Breakdown) Q4 2023 total revenue decreased 11.2% YoY, primarily due to brokerage volume decline, partially offset by a 19.1% increase in ancillary services Total Revenue | Metric | Q4 2023 (million USD) | Q4 2022 (million USD) | Change (YoY) | | :--- | :--- | :--- | :--- | | Total Revenue | $74.1 | $83.4 | -11.2% | | Brokerage Revenue | - | - | -12.8% | | Ancillary Services Revenue | - | - | +19.1% | Segment Revenue | (Revenue in million USD) | Three Months Ended December 31, 2023 | Three Months Ended December 31, 2022 | | :--- | :--- | :--- | | Real Estate Brokerage | $69.4 | $79.5 | | Mortgage | $1.8 | $1.3 | | Technology | $0.8 | $0.7 | | Corporate and other services (a) | $2.1 | $1.9 | | **Total revenue** | **$74.1** | **$83.4** | [Profitability](index=2&type=section&id=2.3%20Profitability) Q4 2023 GAAP net loss narrowed from ancillary revenue and cost savings, despite higher stock compensation and taxes, with Adjusted EBITDA loss improving GAAP Net Loss and Loss Per Share | Metric | Q4 2023 | Q4 2022 | Change | | :--- | :--- | :--- | :--- | | GAAP Net Loss | $8.4 million | $9.9 million | Decrease of $1.5 million | | Loss Per Share | $0.50 | $0.63 | Decrease of $0.13 | | Reasons for Loss Reduction | Increased ancillary revenue, cost savings | - | - | | Offsetting Factors | Increased stock-based compensation, interest and income tax expenses | - | - | General and Administrative Expenses | Metric | Q4 2023 (million USD) | Q4 2022 (million USD) | Change (YoY) | | :--- | :--- | :--- | :--- | | General and Administrative Expenses | $10.1 | $10.8 | -6.3% | Adjusted EBITDA Loss | Metric | Q4 2023 (million USD) | Q4 2022 (million USD) | Change | | :--- | :--- | :--- | :--- | | Adjusted EBITDA Loss | $2.9 | $5.9 | Improvement of $3.0 million | [Non-GAAP Adjusted EBITDA Definition](index=2&type=section&id=2.4%20Non-GAAP%20Adjusted%20EBITDA%20Definition) This section defines Adjusted EBITDA as a non-GAAP financial measure, offering additional insight into the company's cash flow and core operational performance - Adjusted EBITDA is a non-GAAP financial measure used to monitor the company's cash flow performance, providing additional information on core operating results[9](index=9&type=chunk) [Full Year 2023 Financial Performance](index=2&type=section&id=3.0%20Full%20Year%202023%20Financial%20Performance) [Operational Metrics](index=2&type=section&id=3.1%20Operational%20Metrics) Fathom's agent network grew throughout 2023, with transaction volume declining less than the industry, demonstrating resilience in a challenging market Agent Network Growth | Metric | December 31, 2023 | December 31, 2022 | Growth Rate (YoY) | | :--- | :--- | :--- | :--- | | Number of Agents | ~11,795 | ~10,370 | 13.7% | Real Estate Transaction Volume | Metric | Full Year 2023 | Full Year 2022 | Change (YoY) | | :--- | :--- | :--- | :--- | | Fathom Transactions | ~38,139 | - | -14
Fathom Holdings Establishes Verus Title Elite - A Strategic Joint Venture with Fathom Realty Top Producers in Texas
Prnewswire· 2024-03-12 20:05
CARY, N.C., March 12, 2024 /PRNewswire/ -- Fathom Holdings Inc. (Nasdaq: FTHM) ("Fathom" or the "Company"), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced that its subsidiary, Verus Title Inc ("Verus") has established a strategic joint venture with individual teams and top producing agents of Fathom Realty throughout Texas that is expected to increase Verus's ...