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 ...

Core Insights - Fathom Holdings experienced a 24% year-over-year revenue increase in Q4 2024, reaching $91.7 million, despite challenges in the residential real estate market [2][6] - The company aims to achieve EBITDA positive status by Q2 2025, driven by revenue growth from acquisitions and cost reductions [1][10] - Fathom's real estate agent network grew by 21% to approximately 14,300 agents by the end of 2024 [4] Financial Performance - Total revenue for Q4 2024 was $91.7 million, up from $74.1 million in Q4 2023, with brokerage revenue increasing by 26.3% to $87.7 million [2][5] - Gross profit for Q4 2024 increased by 25% to $6.7 million, with core business gross profit rising by 59% to $6.6 million [3][6] - GAAP net loss for Q4 2024 was $6.2 million, or $0.29 per share, an improvement from a loss of $8.4 million, or $0.50 per share, in Q4 2023 [6][10] Operational Highlights - Fathom completed approximately 37,000 real estate transactions in 2024, a decrease of 2.2% compared to the previous year [9] - The company implemented new fee structures and launched innovative agent commission plans to enhance recruitment and retention [17] - Fathom's acquisition of My Home Group in November 2024 expanded its brokerage presence significantly [17] Future Outlook - The company anticipates ongoing challenges in the real estate market for 2025 but expects meaningful improvements [1] - Management plans to reassess guidance expectations in Q2 2025 [13] - Fathom is committed to achieving and maintaining Adjusted EBITDA positive status moving forward [7][10]

Core Viewpoint - Fathom Holdings, Inc. has announced a definitive securities purchase agreement to raise approximately $3.0 million through a registered direct offering of its common stock, aimed at funding general corporate purposes and strategic acquisitions [1][3]. Group 1: Offering Details - The company will sell a total of 3,505,364 shares to certain investors at a price of $0.6847 per share and 832,639 shares to Board members at $0.7206 per share, based on the closing bid price on March 10, 2025 [1][2]. - The closing of the offering is expected around March 14, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate and working capital purposes, as well as for funding strategic acquisitions of complementary businesses [3]. Group 3: Board Appointment - As part of the offering, Adam Rothstein is set to be appointed to the Board, subject to Board approval [2]. Group 4: Company Overview - Fathom Holdings Inc. operates as a technology-driven real estate services platform, integrating residential brokerage, mortgage, title, and SaaS offerings through its proprietary cloud-based software, intelliAgent [6].

Core Insights - Fathom Holdings, Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings, inviting investors to a webinar on March 13, 2025 [1] - The company operates a flat-fee commission model and has a growing network of over 14,300 agents across 43 states, positioning itself to benefit from an improving housing market [2] Company Overview - Fathom Holdings leverages its proprietary cloud-based software, intelliAgent, to enhance operational efficiency and scalability [4] - The company has made strategic acquisitions, including the integration of My Home Group, which is expected to contribute to significant revenue growth in 2025 [2] Webinar Details - The upcoming webinar will feature Fathom's CEO, Marco Fregenal, and will include a live Q&A session for attendees [3]

Core Viewpoint - Fathom Holdings Inc. will hold a conference call to discuss its financial results for Q4 and the full year ended December 31, 2025, on March 12, 2025 [1] Group 1: Conference Call Details - The conference call is scheduled for March 12, 2025, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) [2] - A live audio webcast will be available in listen-only mode and for replay on the company's investor relations website [2] Group 2: Company Overview - Fathom Holdings Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings [3] - The company utilizes its proprietary cloud-based software, intelliAgent, and operates several brands including Fathom Realty, Encompass Lending, and Verus Title [3]