Fathom Realty(FTHM)

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Fathom Holdings Reports Fourth Quarter and Full Year 2024 Results
Prnewswire· 2025-03-12 20:05
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]
Fathom Announces $3.0 Million Registered Direct Offering
Prnewswire· 2025-03-11 12:00
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].
Join Fathom Holdings' Exclusive Live Investor Webinar and Q&A Session on March 13
Prnewswire· 2025-03-10 20:25
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]
Fathom Holdings Sets Fourth Quarter and Full Year 2024 Conference Call for Wednesday, March 12, 2025, at 5:00 p.m. ET
Prnewswire· 2025-03-04 13:30
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]
Fathom Announces Financing Update and Participation at PDAC Core Shack
Newsfile· 2025-03-03 12:50
Core Viewpoint - Fathom Nickel Inc. has successfully closed its non-brokered offering of flow-through and non-flow-through units, raising a total of $398,025, and is planning a new offering due to sluggish capital markets [1][4][7]. Financing Details - The company issued 8,550,000 flow-through common share units at $0.04 each for gross proceeds of $342,000 and 1,600,714 non-flow-through units at $0.035 each for gross proceeds of $56,025, totaling $398,025 [1][4]. - Each non-flow-through unit consists of one common share and one-half of a transferable warrant, while each flow-through unit consists of one common share issued on a flow-through basis and one-half of a warrant [2]. - The gross proceeds from the flow-through portion will be used for eligible Canadian exploration expenses related to the Albert Lake and Gochager Lake projects [4]. New Offering Announcement - Fathom plans to issue up to 23,500,000 new non-flow-through units at $0.03 each for gross proceeds of $705,000, with each unit comprising one common share and one warrant [7]. - The new warrants will have an exercise price of $0.05 and include an accelerator clause that allows the company to force warrant holders to exercise if the share price exceeds $0.15 for 20 consecutive trading days [8]. Project Participation - Fathom will present its Gochager Lake project drill core at the PDAC Core Shack on March 4th and 5th, 2025, inviting attendees to visit their booth for discussions on exploration plans [11]. Company Overview - Fathom Nickel Inc. is focused on exploring magmatic nickel sulphide deposits to support the growing electric vehicle market and secure North American critical minerals [13]. - The company has three exploration projects in Saskatchewan: the Albert Lake Project, the Gochager Lake Project, and the Friesen Lake Project, with significant historical production and resource estimates [14].
Fathom Presenting at 2025 PDAC Core Shack
Newsfile· 2025-02-24 13:00
Core Insights - Fathom Nickel Inc. has been invited to present drill core from the Gochager Lake project at the PDAC Core Shack on March 4th and 5th, 2025, encouraging attendees to visit booth 3113B to view drill core GL23003 and discuss future exploration plans [1] - The company focuses on exploring magmatic nickel sulphide deposits to secure North American Critical Minerals and support the growing global electric vehicle market [2] Company Overview - Fathom Nickel Inc. is an exploration company targeting magmatic nickel sulphide discoveries [2]
Fathom Provides Business Update and Introduces Bitcoin (BTC) Payments and Treasury Strategy, Redefining Real Estate Innovation
Prnewswire· 2025-01-23 13:30
Core Insights - Fathom Holdings, Inc. is advancing its integration of My Home Group, which is expected to contribute over $110 million in revenue for 2025 [1][9] - The company has approved the inclusion of Bitcoin as a key asset in its treasury management program, aligning with its strategy to enable Bitcoin payments for agents and customers [1][3] - Fathom plans to allocate up to 50% of its excess cash towards Bitcoin purchases, with an initial plan to buy up to $500,000 in Bitcoin or Bitcoin ETFs in the next two weeks [2][4] Financial Performance - For Q4 2024, Fathom estimates revenues between $89.7 million and $91.7 million, reflecting a 7% to 10% increase from Q3 2024 and a 21% to 24% increase from Q4 2023 [10] - Total gross profit for Q4 2024 is expected to rise by 28% to 30% compared to the same period last year [11] - The company anticipates a GAAP net loss of between $7.3 million and $7.4 million for Q4 2024, an improvement from a net loss of $8.4 million in Q4 2023 [11] Operational Highlights - The agent count increased by 23% to approximately 14,500 as of December 31, 2024, compared to approximately 11,700 agents a year earlier [13] - Brokerage transaction count for Q4 2024 rose by approximately 16.5% compared to Q4 2023 [13] - The integration of My Home Group is progressing as planned, enhancing Fathom's national footprint and agent network [9]
Fathom Nickel reflects on 2024 exploration wins at Gochager Lake and Albert Lake projects
Proactiveinvestors NA· 2025-01-21 15:10
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
ROBERT CRAIG FILMS UNVEILS OFFICIAL TRAILER AND KEY ART FOR DEBUT FEATURE FILM 'NO ADDRESS' FROM FATHOM ENTERTAINMENT IN THEATRES FEBRUARY 28
Prnewswire· 2025-01-21 14:00
Groundbreaking Film Commits 50% of Net Profits to Combat Homelessness in Local Communities NationwideA Powerful Exploration of Homelessness and Humanity Featuring an All-Star CastFathom Entertainment Now Offering Tickets On Sale SACRAMENTO, Calif., Jan. 21, 2025 /PRNewswire/ -- Robert Craig Films unveiled the official trailer and key art today for its upcoming debut feature film, NO ADDRESS, in theatres nationwide and presented by Fathom Entertainment beginning February 28. NO ADDRESS shares the personal jo ...
Fathom Provides 2024 Year in Review and Outlook for 2025
Newsfile· 2025-01-21 12:40
Fathom Provides 2024 Year in Review and Outlook for 2025January 21, 2025 7:40 AM EST | Source: Fathom Nickel Inc.Calgary, Alberta--(Newsfile Corp. - January 21, 2025) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to provide management's review of the Company's activities from 2024 and a preliminary outlook for 2025. Amid a challenging junior capital markets and commodity price landscape, Fathom has made several significant advances in 2024 at ...