CARY, N.C., Nov. 13, 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, and SaaS offerings for brokerages and agents, has announced strategic leadership appointments. Jon Gwin, previously Chief Operating Officer, has been named to the newly created position of Chief Revenue Officer. Additionally, Samantha Giuggio, formerly Chief Operations Officer of ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - Fathom Nickel Inc. is expanding its financing strategy by adding a flow-through unit component to its private placement and amending the pricing of hard dollar units, aiming to raise approximately $750,000 for exploration and development activities [1][3]. Financing Details - The company is introducing a flow-through unit (FT Unit) priced at $0.04, consisting of one common share and one-half of a transferable common share purchase warrant, with the warrant allowing the purchase of one common share at $0.07 for 36 months [2]. - The hard dollar unit (HD Unit) price has been amended to $0.035 per unit, with the maximum gross proceeds expected to be around $750,000 [3]. Use of Proceeds - Proceeds from the FT Units will be allocated for general exploration expenditures qualifying as Canadian exploration expenses, specifically for flow-through critical mineral mining expenditures [4]. - Net proceeds from the HD Units will be utilized for exploration and development of the company's mineral projects, as well as for working capital and general corporate purposes [4][7]. Offering Structure - The offering will be conducted under the listed issuer financing exemption, with the offering document available on the company's profile [5][6]. - The offering is expected to close around November 21, 2024, subject to customary closing conditions and regulatory approvals [8][9]. Company Overview - Fathom Nickel Inc. focuses on exploring magmatic nickel sulphide deposits to support the electric vehicle market and secure North American critical minerals [11]. - The company holds three exploration projects in Saskatchewan, including the Albert Lake Project, Gochager Lake Project, and Friesen Lake Project, with significant historical production and resource estimates [12].

Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $83.7 million, a decrease of about 10% from $93.5 million in Q3 2023 [14][43] - Adjusted EBITDA for Q3 2024 was a loss of $1.4 million compared to a loss of $250,000 in Q3 2023 [14][48] - GAAP net loss for Q3 2024 totaled $8.1 million or a loss of $0.40 per share, compared to a loss of $5.5 million or a loss of $0.34 per share in Q3 2023 [47] Business Line Data and Key Metrics Changes - Real Estate division revenue was approximately $78.6 million in Q3 2024, down 11% from $88.2 million in Q3 2023, primarily due to a 9% decrease in transaction volume [49] - Mortgage division revenue increased by 52% year-over-year, rising from $1.9 million in Q3 2023 to $2.9 million in Q3 2024 [20] - Verus Title generated $1.5 million in revenue for Q3 2024, a 71% increase from $834,000 in Q3 2023 [22] Market Data and Key Metrics Changes - Fathom completed approximately 9,331 transactions in Q3 2024, a decrease of approximately 9.5% compared to Q3 2023 [14] - The real estate agent network grew by 9.3% to approximately 2,383 agent licenses as of September 30, 2024, from approximately 11,333 on September 30, 2023 [15] Company Strategy and Development Direction - The acquisition of My Home Group is a strategic move to expand the national footprint and strengthen presence in Arizona's real estate market, expected to add approximately $100 million in annual revenues in 2025 [12][84] - The company aims to increase agent growth to over 25% annually and expand operations into all 50 states by the end of 2025 [18][60] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the housing market due to fluctuating mortgage rates and economic pressures but emphasized leveraging these conditions as opportunities for growth [6][7] - The company plans to reassess and potentially reinstate guidance expectations in Q1 2025, allowing time to evaluate the performance of new models and acquisitions [58] Other Important Information - The company reached a nationwide settlement related to the Burnett v. National Association of Realtors, involving payments totaling $2.95 million, which management believes will not impact ongoing operations [35][36] - The company ended Q3 with $13.4 million in cash, positioning it well for future growth initiatives [28][57] Q&A Session Summary Question: Can you provide more details on the My Home Group acquisition? - The introduction to My Home Group was facilitated by a real estate mergers and acquisition company, leading to discussions that revealed a mutual interest in merging [68] Question: What is working in your recruiting efforts? - The company has seen increased interest in its unique revenue share model, which offers two different plans, and is focusing on educating prospective agents [70] Question: Can you discuss the payment structure for the My Home Group acquisition? - The cash component of the acquisition was minimal, with the majority of the purchase price being in stock, reflecting a belief in the long-term value of the combined companies [77][78] Question: What is the expected impact of the My Home Group acquisition on revenue? - The acquisition is expected to add approximately $100 million in revenue for 2025, driven by higher productivity and transaction prices in the Arizona market [84] Question: How will interest rate changes impact future transactions? - Management indicated it is too early to assess the impact of recent interest rate cuts but emphasized a focus on growing transactions and revenue regardless of interest rate fluctuations [89]

Fathom Holdings (FTHM) came out with a quarterly loss of $0.40 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -122.22%. A quarter ago, it was expected that this company would post a loss of $0.21 per share when it actually produced a loss of $0.07, delivering a surprise of 66.67%.Over the last four quarters, the company has surpas ...

– Fathom's Real Estate Agent Network Grew 9% to ~12,383 Agent Licenses; Aiming to Return to 25% Agent Growth in Coming QuartersCARY, N.C., Nov. 7, 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, and SaaS offerings for brokerages and agents, today reported financial results for the third quarter and the first nine months of 2024. "We're pleased to ...

CARY, N.C., Nov. 6, 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, and SaaS offerings for brokerages and agents, today announced the promotion of Joanne Zach to Chief Financial Officer (CFO). Joanne has served as Fathom's Senior Vice President of Finance since February 2021, bringing over 25 years of diverse finance experience in both public and ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Calgary, Alberta--(Newsfile Corp. - November 4, 2024) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to announce a proposed private placement of units (the "Offering"). Each unit (the "Unit") is comprised of one common share ("Common Share") and one-half of a transferable Common Share purchase warrant (the "Warrant") with one whole Warrant entitling the holder to acquire one Common Share ("Warrant Share") for a period of 36 months from issuance at an exerci ...

Acquisition Strengthens Fathom's Position in Arizona's Booming Real Estate Market and Expands Agent Network to 14,500 NationwideCARY, N.C., Nov. 4, 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, and SaaS offerings for brokerages and agents, today announced the acquisition of My Home Group, a leading Arizona-based brokerage ranked 27th in the nati ...