Welcome to our dedicated page for Fathom Holdings news (Ticker: FTHM), a resource for investors and traders seeking the latest updates and insights on Fathom Holdings stock.
Fathom Holdings Inc. (Nasdaq: FTHM) is described as a national, technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings for brokerages and agents. The FTHM news feed on Stock Titan brings together company press releases, operational updates, partnership announcements, capital markets activity, and other disclosures that Fathom has made public.
Recent company communications have highlighted several themes. Fathom has reported revenue and transaction growth across its real estate brokerage segment, along with contributions from mortgage, title, and technology. The company has discussed initiatives such as its Elevate program, Real Results lead platform, and the integration of ancillary services to support agents and clients on its intelliAgent-powered platform.
News items have also described strategic partnerships and acquisitions. Fathom has announced a partnership with Move Concierge to extend concierge moving services to its agents and clients, and a collaboration with ByOwner aimed at converting for-sale-by-owner listings into full-service transactions with Fathom agents. The company has also reported the acquisition and expansion of START Real Estate, which focuses on first-time homebuyers, and the geographic growth of Verus Title into additional U.S. states.
In addition, Fathom has issued press releases about capital raising through an underwritten public offering of common stock and has provided regular earnings updates, including segment revenue details and non-GAAP metrics such as Adjusted EBITDA. Investors and observers can use this news page to review how Fathom communicates its strategy, growth initiatives, financial performance framework, and corporate actions over time.
Fathom Realty, a subsidiary of Fathom Holdings Inc. (NASDAQ: FTHM), ranked second in the RealTrends 500 Top Movers for 2022, showing significant growth in closed transactions. With a total of 44,707 closed transactions, Fathom reported a 14% year-over-year growth.
CEO Joshua Harley emphasized the effectiveness of their flat fee commission model, appealing to agents aiming for higher income amidst increasing inflation and interest rates. The report also highlighted Fathom's strong performance among low-cost brokerage firms, validating its business strategy.
Fathom Holdings reported a 12.7% decline in Q4 2022 revenue to $83.4 million, down from $95.5 million in Q4 2021. The company aims for Adjusted EBITDA breakeven in Q2 2023 and positive cash flow in Q3 2023, supported by $3 million quarterly expense reductions. Despite a net loss of $9.9 million in Q4 2022, Fathom's agent network grew by 28% to approximately 10,370 agents. For the full year, total revenue increased 25% to $412.9 million, but net losses widened to $27.6 million. Fathom completed about 44,700 transactions in 2022, a 14% increase from 2021.
Fathom Holdings (FTHM) reported preliminary financial results for 2022, showing a total revenue between $411.0 million and $413.0 million, up 24% to 25% from $330.2 million in 2021. The company completed approximately 44,700 transactions, a 14% increase, while its agent network grew by 28% to 10,370 agents. However, the GAAP net loss for 2022 is projected at $28.6 million to $27.6 million, up from $12.5 million in 2021, largely due to rising interest rates. Fathom aims to reach breakeven Adjusted EBITDA in Q2 2023 and generate positive cash flow by Q3 2023.
Fathom Realty, LLC, a subsidiary of Fathom Holdings (Nasdaq: FTHM), has improved its ranking in RISMedia's annual Power Broker Report, moving from 16th to 12th in sales volume among the nation's top 100 residential brokerage firms for 2022. The company also ranked 10th in total transactions, closing 44,707 deals, reflecting a 16% year-over-year growth.
Despite a challenging market marked by high inflation and rising interest rates, Fathom Realty's performance indicates resilience and adaptability. The real estate sector reported over $110 billion in reduced sales volume collectively for 2022, highlighting a significant market contraction.
Fathom Holdings Inc. (NASDAQ: FTHM) announced a conference call to discuss its fourth quarter and full year financial results for 2022 on March 22, 2023, at 5:00 p.m. ET. The results will be released prior to the call. Interested parties can join the call by dialing 833-685-0908 (U.S.) or 412-317-5742 (international). A live audio webcast will be available on the company's investor relations website. The replay will be accessible until March 29, 2023. Fathom Holdings integrates multiple real estate services, leveraging its proprietary technology platform, intelliAgent.
Fathom Holdings Inc. (NASDAQ: FTHM) announced its participation in the 35th Annual Roth Conference, set to take place at The Ritz Carlton in Laguna Niguel, CA on March 13-14, 2023. Fathom's CEO Joshua Harley and CFO Marco Fregenal will engage in one-on-one meetings with institutional investors during this event. Fathom is a technology-driven real estate services platform that integrates various services including residential brokerage, mortgage, and insurance. For inquiries regarding the conference or to schedule meetings, contact Fathom's investor relations team.
Fathom Holdings (Nasdaq: FTHM) has appointed Gateway Group to enhance its investor relations strategy. The partnership aims to refine messaging, improve corporate positioning, and connect with institutional investors. Fathom, a technology-driven real estate platform, is focused on becoming a leading brokerage in the U.S., targeting adjusted EBITDA profitability in early 2023. CEO Joshua Harley emphasized the importance of proactive communication regarding the company's growth strategy. Fathom will participate in the 25th Annual Needham Growth Conference on January 10-11, 2023, engaging with investors.
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Fathom Holdings Inc. (Nasdaq: FTHM) has been recognized as one of the top places to work by The Dallas Morning News for the sixth consecutive year. This accolade highlights the company's positive work culture, which is valued by its agents for allowing them to operate independently and retain more of their commissions. Operating in 38 states and with over 2,300 agents in the Dallas-Fort Worth area, Fathom offers agents 100% commission, advanced technology, and extensive support. The rankings are based on survey results from various businesses in the region.
Fathom Holdings (FTHM) reported a 10.2% revenue increase in Q3 2022, totaling $111.3 million, compared to $100.9 million last year. The company completed 12,077 real estate transactions, up 5% year-over-year, with a 33% growth in agent network to 9,991. Despite these gains, Fathom had a GAAP net loss of $6.0 million, up from $3.4 million YoY. The firm aims for Adjusted EBITDA breakeven in H1 2023 and cash flow breakeven in Q3 2023, while implementing cost cuts of $1.5 million per quarter.