Fathom (FTHM) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Company Participants Paul Kuntz - Director of CommunicationsMarco Fregenal - CEO & DirectorDaniel Weinmann - VP - Finance Conference Call Participants Darren Aftahi - MD & Senior Research Analyst Operator Good day, everyone, and welcome to the Fathom Holdings, Inc. First Quarter twenty twenty five Conference Call. At this time, all participants have been placed on a listen only mode, and we will open the floor for your questions and comments after ...

Fathom (FTHM) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Speaker0 Good day, everyone, and welcome to the Fathom Holdings, Inc. First Quarter twenty twenty five Conference Call. At this time, all participants have been placed on a listen only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Paul Kuntz. Sir, the floor is yours. Speaker1 Thank you and good afternoon. Welcome to Fathom Holdings first quarter t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended March 31, 2025 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from______to______ Commission File Number 001-39412 FATHOM HOLDINGS INC. (Exact name of Registrant as specified in its Charter) North Carolina 82-1518164 (Stat ...

Exhibit 99.1 Fathom Holdings Reports First Quarter 2025 Results – Fathom achieved a 32% year-over-year revenue increase in the first quarter, beating analyst expectations by 12% – CARY, NC, May 13, 2025 – 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, 2 ...

Core Viewpoint - Fathom Nickel Inc. has amended its upsized financing plan, which is expected to close on April 21, 2025, with the aim of raising gross proceeds of approximately $1.5 million through the issuance of units priced at $0.03 each [1][2][9]. Financing Details - The Amended Upsized Financing will consist of up to 27,470,958 Units under the LIFE exemption for gross proceeds of up to $824,128.74 and an additional 22,529,042 Units under other exemptions for gross proceeds of $675,871.26 [2]. - Each Unit will include one common share and one transferable common share purchase warrant, with the warrants exercisable at $0.05 for a period of 36 months [1][2]. Strategic Investment - Crescat Capital LLC has agreed to invest up to 33% in the Amended Upsized Financing, indicating strong interest from strategic investors [2]. Regulatory Compliance - The financing will be conducted under exemptions from prospectus requirements as per NI 45-106, and a new Amended Upsized Offering Document has been posted on SEDAR+ and the company's website [3][4]. Company Overview - Fathom Nickel Inc. is focused on exploring magmatic nickel sulphide deposits to support the electric vehicle market and secure North American critical minerals [7]. - The company holds three exploration projects in Saskatchewan, including the Albert Lake Project, Gochager Lake Project, and Friesen Lake Project, which have historical production and resource estimates [8].

Fathom Nickel Announces Upsizing of Previously Announced Private Placement to $1.5 Million, Including Strategic Participation by Crescat Capital LLCApril 10, 2025 7:50 AM EDT | Source: Fathom Nickel Inc.Calgary, Alberta--(Newsfile Corp. - April 10, 2025) -  Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to announce that, based on strong demand for its previously announced non-brokered private placement financing (announced March 3, 2025), the Com ...

Core Insights - Fathom Holdings has introduced the Elevate program aimed at enhancing agent productivity and profitability while providing comprehensive support services [2][4] - The program is designed to increase the number of transactions for participating agents and significantly boost gross profit and EBITDA per Elevate closing [1][2] - Elevate offers a competitive 20% commission split, which is lower than many competitors, while providing extensive marketing and operational support [2][4] Company Strategy - Elevate is part of Fathom's strategy to create a more efficient, profitable, and technology-enabled real estate platform [4] - The program is expected to improve agent retention and drive higher transaction volume and revenue for the company [2][5] - Fathom is focused on rolling out Elevate nationally and monitoring agent adoption and production results closely [5] Services Offered - Elevate includes dedicated marketing support, lead generation, transaction management, skills development, recruiting assistance, and priority access to resources [7] - The program aims to empower agents by handling marketing, lead generation, and transaction logistics, allowing them to focus on client relationships [4][7] Company Overview - Fathom Holdings Inc. operates as a technology-driven real estate services platform, integrating various services including residential brokerage, mortgage, title, and insurance [8] - The company leverages its proprietary cloud-based software, intelliAgent, to enhance its service offerings [8]

Acquisition and Growth - Fathom Holdings Inc. acquired My Home Group, increasing its presence in Arizona and Washington with over 2,200 agents [266]. - Fathom's real estate agent licenses grew by 21% to approximately 14,300 at December 31, 2024, up from approximately 11,795 at December 31, 2023 [285]. Financial Performance - For the year ended December 31, 2024, total revenue decreased by approximately $10.0 million or 2.9% to $335.2 million compared to $345.2 million in 2023, primarily due to a decrease in transaction volume caused by historically high house prices [307]. - Gross commission income for 2024 was $314.7 million, a decrease of $10.7 million or 3.3% from 2023, with transaction volume down 3.0% to approximately 37,000 transactions [307]. - Other service revenue increased by approximately $0.6 million or 3.1% to $20.4 million in 2024, driven by growth in mortgage loans and title service transactions [308]. - Total operating expenses decreased by approximately $9.8 million or 2.7% to $358.6 million in 2024, with significant reductions in commission and service costs, general and administrative expenses, and marketing expenses [309]. - General and administrative expenses decreased by approximately $2.5 million or 6.9% to $33.6 million in 2024, primarily due to the elimination of costs related to the insurance business sold in May 2024 [312]. - Adjusted EBITDA for 2024 is $(5,710) thousand, compared to $(4,111) thousand in 2023, indicating a decline in operational performance [333]. - Net loss for 2024 is $(21,577) thousand, slightly improved from $(23,981) thousand in 2023 [333]. - Stock-based compensation decreased to $8,839 thousand in 2024 from $12,994 thousand in 2023, reflecting a reduction in equity-related expenses [333]. - Depreciation and amortization expenses were $5,423 thousand in 2024, down from $5,947 thousand in 2023, indicating a slight decrease in asset-related costs [333]. - Other net expenses rose to $2,094 thousand in 2024 from $580 thousand in 2023, highlighting increased operational costs [333]. Market Trends - Existing home sales declined by 6.2% in 2023 and an additional 0.7% in 2024, marking the lowest market levels since 1995 [272]. - The average sales price for existing homes in December 2024 was $404,400, a 6% increase from $382,600 in December 2023 [276]. - The company anticipates a 9% increase in existing home sales transactions in 2025, projecting sales to rise from 4.06 million to 4.5 million [276]. Operational Efficiency - Fathom's efficient operating model, driven by a cloud-based approach, supports lower fixed costs and positions the company for growth despite market challenges [273]. - Net cash used in operating activities for 2024 was $4.7 million, a significant improvement from $10.6 million used in 2023, indicating better operational efficiency [324]. Legal and Compliance - The NAR settlement involved a payment of $418 million over four years, resolving claims against the company related to antitrust violations [282]. - Litigation contingency expenses increased to $3,491 thousand in 2024, with no such expenses reported in 2023, suggesting potential ongoing legal challenges [333]. Financial Position - As of December 31, 2024, the company had current assets of $25.0 million, an increase of 7.6% from $23.2 million in 2023, while current liabilities increased by 18.5% to $19.4 million [317]. - The company raised approximately $2.7 million in net proceeds from a registered direct offering of common stock in March 2025, enhancing its liquidity position [317]. Reporting and Transparency - The company continues to exclude significant recurring expenses from Adjusted EBITDA, which may mask underlying performance trends [332]. - The company is committed to transparency in financial reporting by providing Adjusted EBITDA as a supplemental measure for investors [330]. - Goodwill is subject to annual impairment testing, with management believing that the estimated fair value of reporting units exceeds their carrying values [338]. - The company is classified as an emerging growth company and a small reporting company, allowing for reduced reporting requirements under the JOBS Act [346].

Core Insights - Fathom Holdings, Inc. has appointed Adam Rothstein, a technology industry expert, to its Board of Directors, where he will serve on multiple committees including the Audit Committee and the newly formed Strategy Committee [1][3] - Rothstein brings over 25 years of investment experience and has held board positions in various technology and media companies, enhancing Fathom's strategic vision and growth initiatives [2][3] Company Overview - Fathom Holdings, Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings, utilizing its proprietary cloud-based software, intelliAgent [4] - The company's brands include Fathom Realty, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title, indicating a diverse service offering within the real estate sector [4]

Fathom (FTHM) Q4 2024 Earnings Call March 12, 2025 10:35 PM ET Company Participants None - ExecutiveMarco Fregenal - CEO, President & Director Conference Call Participants Darren Aftahi - Senior Research Analyst-Internet, Media and Enabling Technologies Operator Greetings. Welcome to the Fathom Holdings Inc. Fourth Quarter twenty twenty four Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conferenc ...