CARY, N.C., Sept. 16, 2024 /PRNewswire/ -- Fathom Realty, a wholly owned subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), 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 that it has reached a nationwide settlement related to claims asserted in Burnett v. The National Association of Realtors., et al. While we believe the settlement amount is immaterial in GAAP terms, Fat ...

Fathom Nickel Inc (CSE:FNI, OTCQB:FNICF) this week announced that it has expanded the footprint of its Gochager Lake nickel-copper-cobalt project by 12.5 times the original size through strategic soil and rock sampling. CEO Ian Fraser joined Proactive to discuss the achievement, highlighting that this discovery hints at a much larger mineralization zone than previously thought. Proactive: There is news out from the company talking about expanding the footprint at Gochager Lake. You've done some soil and roc ...

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. S ...

. . Fathom Extends Geochemical Footprint of the Historic Gochager Lake Deposit Area by up to 25 Times August 26, 2024 8:10 AM EDT | Source: Fathom Nickel Inc. Calgary, Alberta--(Newsfile Corp. - August 26, 2024) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to provide final results from the extremely successful June soil and rock geochemistry program completed at the Company's 22,000+ ha Gochager Lake Property (see Press Release July 18, 2024). In overview, ...

Exclusively in Theaters Beginning October 11, 2024 TICKETS ON SALE NOW NASHVILLE, Tenn., Aug. 20, 2024 /PRNewswire/ -- GND Media Group, in association with Pure Flix and Fathom, are releasing the official trailer today for AVERAGE JOE as they gear up to launch the film in theaters nationwide beginning October 11. Starring Eric Close ("Nashville," AMERICAN SNIPER, "Suits") and Amy Acker (ORDINARY ANGELS, "Person of Interest," "Alias"), and directed by Emmy Award-winning Harold Cronk (GOD'S NOT DEAD, UNBROKEN ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $89.2 million, a decrease of 10.9% from $100.1 million in Q2 2023 [11][18] - Adjusted EBITDA for Q2 2024 was $189,000, down from $500,000 in Q2 2023 [11][21] - GAAP net loss for Q2 2024 was $1.3 million or $0.07 per share, an improvement from a net loss of $4.3 million or $0.27 per share in Q2 2023 [21] Business Line Data and Key Metrics Changes - Real estate division revenue was approximately $83.1 million in Q2 2024, a 12% decline from the same period last year [22] - Mortgage revenue grew 85% to $3.7 million in Q2 2024 compared to $2 million in Q2 2023 [24] - Verus Title revenues reached $1.1 million, a 10% increase from Q2 2023 [25] Market Data and Key Metrics Changes - The second quarter of 2024 saw mortgage interest rates decrease to about 6.5%, potentially bringing buyers back to the market [16] - Over 20% of all listings experienced price reductions, with median home prices decreasing by 3% to 5% in states like Texas, Florida, and Colorado [16] Company Strategy and Development Direction - The company is launching two new commission plans, Fathom Max and Fathom Share, aimed at boosting agent recruitment and retention [6][10] - The strategic focus is on sustainable growth and enhancing the agent experience through innovative revenue share models [9][12] - The company aims to achieve agent growth of at least 30% while enhancing its balance sheet and achieving positive EBITDA [10][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges in the real estate market but remains optimistic about the potential for recovery and growth through agent recruitment [30][32] - The company is focused on building its agent network and believes that the new commission plans will attract more agents [32][36] - Management plans to reassess guidance for Q3 2024 based on the performance of the new revenue share models [27] Other Important Information - The company sold its insurance business for approximately $15 million, significantly strengthening its balance sheet [24][27] - The mortgage division achieved positive EBITDA for the first time, indicating improved profitability across business segments [14][24] Q&A Session Summary Question: What degree of a housing recovery is needed for positive free cash flow? - Management is building plans without relying on a housing recovery and focuses on increasing the number of agents to achieve positive cash flow [30][31] Question: What motivated the switch to new commission plans? - The decision was based on feedback from agents and small brokerages expressing interest in revenue share programs [33][34] Question: How will the new plans impact gross profits? - The combination of attracting more agents and higher-producing agents is expected to increase gross profit margins [37][39] Question: What gives confidence in achieving 30% agent growth? - Confidence stems from ongoing discussions with potential agents and brokerages interested in the new revenue share models [44]

Fathom Holdings (FTHM) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post a loss of $0.24 per share when it actually produced a loss of $0.31, delivering a surprise of -29.17%. Over the last four quarters, the company has surpa ...

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, The ...

The Fathom Max plan offers a highly competitive reduced transaction fee of $465 with a $9,000 annual cap, while improving Fathom's gross profit potential compared to the legacy Fathom One plan, which is being phased out to new agents. Existing agents will be able to stay on their current plan. The Fathom Share plan features an industry-low 12% commission split with a $12,000 annual cap, providing twice the revenue share opportunity over the Max plan, and highly completive with other revenue share models. "J ...

Giuggio is a standout leader who has made significant contributions to both Fathom and the broader real estate industry through her visionary ideas and commitment to excellence. In the past 12 months, her innovative strategies and unwavering dedication have driven Fathom Realty to be ranked as the 9th largest real estate brokerage firm in the U.S. by closed transaction sides in 2023. "Samantha's recognition as one of HousingWire's 2024 Women of Influence reflects her exceptional leadership and impact on Fat ...