CARY, N.C., Sept. 26, 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 entered into a securities purchase agreement, under which the Company sold and issued senior secured convertible promissory notes in aggregate principal amount of $5 million (the "Notes") to an existing shareholder, who owns more ...

CARY, N.C., Sept. 25, 2024 /PRNewswire/ -- Fathom Realty, a subsidiary of 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, was named the top real estate company for agent satisfaction among the nation's 40 largest real estate companies. The recognition, awarded by Career.io, underscores Fathom's unwavering commitment to fost ...

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 ...

| --- | --- | |------------------------------------------------|-------| | | | | Fathom Uncovers Gold Zone at Albert Lake | | | Property Along Strike to the Northeast of Ramp | | | Metals Inc.'s Ranger Gold Discovery | | September 24, 2024 7:50 AM EDT | Source: Fathom Nickel Inc. Prospecting highlights include: An outcrop grab sample returned 2.68 g/t Au within an anomalous gold zone approximately 14km along strike of the Ramp Metals Inc. Ranger gold discovery (Figures 1 & 2). In addition to the gold result ...

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, ...

Core Points - GND Media Group, in association with Pure Flix and Fathom, is set to release the film "AVERAGE JOE" in theaters nationwide starting October 11, 2024 [1][2] - The film is based on the life of Joseph Kennedy, a US Marine (ret.) and high school football coach, highlighting his struggle for marriage, job, and religious freedom [2][3] - Directed by Harold Cronk, known for previous successful films like "God's Not Dead," the movie aims to inspire audiences about the importance of faith and freedom [3][6] Company Information - Fathom Events is a leading distributor of content to movie theaters in North America, operating the largest cinema distribution network [5] - GND Media Group has a track record of successful productions, including "God's Not Dead" and "The Blind," focusing on delivering Bible-based messages through various media [6] - Pure Flix, part of Great American Media, offers family-friendly streaming content that emphasizes faith, family, and country, with a subscription model that includes a free trial [7]

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]