Fathom Holdings Inc Stock Price, News & Analysis

Fathom Holdings announced a stronger than expected financial performance for Q2 2022, with total revenue exceeding $128.2 million, a growth of 52% year-over-year. The company's real estate transactions increased by 32%, with its agent network expanding by 38% to around 9,560 agents. Despite a net loss of $5.7 million for the quarter due to rising interest rates affecting its mortgage segment, Fathom's real estate segment achieved profitability for the fifth consecutive quarter. The company anticipates Q3 revenue between $105 million and $110 million and full-year revenue of $425 million to $435 million.

Fathom Holdings Inc. (NASDAQ: FTHM) announced it will release its 2022 second quarter financial results on August 4, 2022, after market close. An investor conference call is scheduled for the same day at 5:00 p.m. ET. The company is a technology-driven real estate services platform integrating various offerings such as residential brokerage, mortgage, title, and insurance. The results will be accessible through a webcast and replay options are available until August 11, 2022.

Fathom Holdings Inc. (Nasdaq: FTHM) announced that its Chief Strategy Officer, Wendy Forsythe, has been recognized as a 2022 Marketing Leader by HousingWire for her impactful contributions to the housing economy. Forsythe joined Fathom in 2019 and became Chief Strategy Officer in January 2022, focusing on strategic initiatives, marketing, and growth. Her recognition highlights her professional achievements and influence within the industry. CEO Josh Harley praised her as a vital asset to Fathom's growth, emphasizing the company's mission to empower agents in the residential real estate market.

Fathom Holdings Inc. (Nasdaq: FTHM) has launched a new veteran division aimed at providing specialized resources and support for military personnel and their families. This initiative offers opportunities for current and former service members, including targeted lead generation, tuition reimbursement, and a referral network. The division will also provide marketing materials to enhance visibility for veteran agents. Fathom’s CEO, Josh Harley, emphasized the company’s commitment to supporting its veteran workforce and clients, aligning with values of service and dedication.

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.