Fathom Holdings Inc Stock Price, News & Analysis

Fathom Holdings Inc. (FTHM) reported a strong first quarter of 2022 with total revenue reaching $90.1 million, an 81.4% increase from the previous year. The real estate agent network grew by 49%, totaling 9,006 agents. The company raised its full-year revenue guidance to $445-$455 million. Despite a GAAP net loss of $6.0 million, Fathom remains optimistic about continued growth, citing investments and operational efficiency. Their cash balance decreased to $30.5 million due to acquisitions and share repurchases, but they expect a rebound in Adjusted EBITDA moving forward.

Fathom Holdings Inc. (Nasdaq: FTHM) has announced plans to release its Q1 2022 financial results after market close on May 4, 2022. The company will also host a conference call for investors on the same day at 5:00 PM ET. Fathom integrates services such as residential brokerage, mortgage, title, and insurance, utilizing its technology-driven platform. This marks an important date for investors looking for insights into the company's financial performance and future outlook.

Fathom Realty, a subsidiary of Fathom Holdings (Nasdaq: FTHM), achieved a remarkable 52% growth in transactions from 2020 to 2021, securing the 6th position in The RealTrends 500 Largest Independent Brokerage ranking, up from 9th in 2020. Additionally, the firm ranked 8th among the top movers, reflecting significant growth in transaction closures. CEO Joshua Harley highlighted the company's unique offerings, including a 100% commission model and stock ownership program, emphasizing resilience amid economic challenges. Fathom Realty operates in 36 states and the District of Columbia with over 8,000 agents.

Fathom Holdings Inc. (Nasdaq: FTHM) has authorized a share repurchase program totaling $10.0 million to buy back outstanding common stock. This move is seen as a show of confidence in the company’s strong business momentum and growth prospects. CEO Joshua Harley emphasized that the repurchase reflects a disciplined approach to capital allocation, allowing the company to continue its growth strategy. The program permits repurchases through various methods without a fixed expiration, contingent on market conditions and compliance requirements.

Fathom Holdings reported a 79% increase in fourth-quarter revenue for 2021, totaling $95.5 million compared to $53.4 million in Q4 2020. The company completed approximately 10,800 real estate transactions, a 43% rise year-over-year, and grew its agent network by 48% to 8,100 agents. GAAP net loss for Q4 was $3.6 million, or $0.24 per share, reflecting increased operational costs. Full-year revenue reached $330.2 million, an 87% growth, while total net loss for 2021 was $12.5 million. The guidance for 2022 projects revenue between $425 - $435 million.

Fathom Holdings Inc. (Nasdaq: FTHM) has announced its participation in two upcoming investor conferences in March 2022. On March 10, CEO Joshua Harley and CFO Marco Fregenal will hold one-on-one meetings at D.A. Davidson's 5th Annual Consumer Growth Conference, which will be virtual. Following this, on March 14 at 8:30am PT, they will engage in a fireside chat at the 34th Annual Roth Conference, with the session being webcast live. Additionally, Harley will join a panel on 'IPO Readiness' that same day.

Fathom Holdings Inc. (Nasdaq: FTHM) plans to release its financial results for the fourth quarter and full year of 2021 after market close on March 8, 2022. The company provides a national, technology-driven platform for real estate services, integrating residential brokerage, mortgage, title, insurance, and SaaS solutions. Following the earnings report, an investor conference call is scheduled for 5:00 p.m. ET that same day, allowing investors to discuss the results and future outlook.

Fathom Holdings (NASDAQ: FTHM) announced its subsidiary, Encompass Lending Group, has acquired Cornerstone First Financial, a residential mortgage lender based in Washington, D.C. The acquisition is expected to be immediately accretive, enhancing Fathom's technology-driven real estate services platform. Cornerstone First Financial specializes in various lending solutions, operating in key U.S. markets. CEO Josh Harley emphasized the opportunity for new lead generation strategies and significant growth in mortgage business following the acquisition.