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 ...

Core Insights - Fathom Holdings has made significant progress in achieving its goals for the year, including positive Adjusted EBITDA for the quarter and positive Adjusted EBITDA from its real estate, mortgage, and title brands [1] - The company launched innovative revenue share programs aimed at empowering agents to retain more earnings, with two options available: a split model and a flat fee model [1] - Fathom aims to return to 30% agent growth in the coming quarters, supported by a strong value proposition and a robust pipeline of opportunities [1] Financial Performance - Fathom's real estate agent network grew by 12% to approximately 12,224 agent licenses as of June 30, 2024, compared to 10,930 licenses a year earlier [2] - The company completed approximately 10,137 transactions in Q2 2024, an 8% decrease from Q2 2023, primarily due to high mortgage interest rates [2] - Total revenue for Q2 2024 decreased by 11% to $89.2 million from $100.1 million in Q2 2023, with brokerage revenue down by 12% [2][3] - Other service revenue increased by 11%, driven by improved performance in mortgage and title businesses, offset by the absence of insurance business revenue [2] Segment Revenue - For Q2 2024, segment revenues were as follows: Real Estate Brokerage at $83.1 million, Mortgage at $3.7 million, Technology at $1.1 million, and Corporate and other services at $1.3 million [3] - For the first six months of 2024, total revenue was $159.7 million, down from $177.6 million in the same period of 2023 [3][6] Profitability Metrics - The gross profit percentage for the brokerage business remained constant at 6% for Q2 2024 compared to Q2 2023 [5] - Overall gross profit percentage improved to 9% in Q2 2024 from 8% in Q2 2023, excluding the insurance business [5][6] - GAAP net loss for Q2 2024 was $1.3 million, or $0.07 per share, an improvement from a loss of $4.3 million, or $0.27 per share, in Q2 2023 [5][7] Strategic Initiatives - In August 2024, Fathom introduced two new agent commission plans, Fathom Max and Fathom Share, to enhance agent recruitment and retention [8] - The company sold its insurance subsidiary for approximately $15 million in cash, strengthening its financial position [8] - Fathom launched a joint venture, Verus Title Elite, to drive increased revenue and profitability in the title services sector [8] Financial Outlook - The company has withheld guidance for Q3 2024 due to the recent introduction of new revenue share models and their uncertain impact on future revenues [9]

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 ...

Core Insights - Fathom Holdings Inc. has introduced two new commission plans, the Fathom Max plan and the Fathom Share plan, aimed at enhancing agent profitability and attracting top talent [1][2] Group 1: New Commission Plans - The Fathom Max plan features a reduced transaction fee of $465 with a $9,000 annual cap, improving gross profit potential compared to the legacy Fathom One plan [1] - The Fathom Share plan offers a 12% commission split with a $12,000 annual cap, providing double the revenue share opportunity compared to the Max plan [1] Group 2: Company Mission and Strategy - Fathom Holdings aims to transform the real estate industry through innovation and a culture of care, focusing on providing agents with flexibility and lucrative growth opportunities [2] - The new plans are designed to reaffirm the company's commitment to delivering superior value to agents while fostering organizational profitability [2] Group 3: Company Overview - Fathom Holdings Inc. operates as a technology-driven real estate services platform, integrating various services such as residential brokerage, mortgage, title, and SaaS offerings [3] - The company utilizes its proprietary cloud-based software, intelliAgent, and includes brands like Fathom Realty and Encompass Lending [3]

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 ...

Call Date: Monday, August 12, 2024 Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time) U.S. dial-in: 1-833-685-0908 International dial-in: 1-412-317-5742 A live audio webcast of the conference call will be available in listen-only mode simultaneously and available via the investor relations section of the company's website at www.FathomInc.com. U.S. replay dial-in: 1-877-344-7529 International replay dial-in: 1-412-317-0088 Replay Access Code: 6483169 Investor Contact: Matt Glover Gateway Group, Inc. 949- ...

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 ...

Field crews mobilized to the project June 12th and completed field activities on June 30th. Geological mapping, prospecting and soil geochemistry sampling was completed immediately over the historic Gochager Lake deposit area (see Figure 1). From 2,047 soil sample locations, 1,757 B-horizon soils were collected, inclusive of QAQC duplicates. Good outcrop exposure exists within the mapped area. This provided the opportunity to collect 50 outcrop samples that have been sent for whole rock and geochemical anal ...

About this content 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. She earned a Bachelor of ...

| --- | --- | |-------------------------------------------------|-------| | | | | Fathom Announces Mal Lake Nickel-Copper-Cobalt | | | Mineralization - Further Evidence of "Blue Sky" | | | Potential at Company's Gochager Lake Property | | July 11, 2024 7:45 AM EDT | Source: Fathom Nickel Inc. Calgary, Alberta--(Newsfile Corp. - July 11, 2024) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to announce results of the recently completed core review of the histo ...