Fathom Holdings Inc Stock Price, News & Analysis

Fathom Realty, a subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), has welcomed the Woodhouse Group, adding approximately 50 agents in Idaho. This integration increases Fathom's agent count in the region to nearly 400, enhancing its market presence. The company aims to support agents through a flat-fee commission model and advanced technology. Additionally, Mary Smith has been appointed as District Director in Boise to further bolster agent growth and support. Fathom continues to expand its service offerings, including mortgage and title services, enhancing its competitive edge in the real estate market.

Fathom Holdings Inc. (Nasdaq: FTHM) has successfully closed its underwritten public offering of 1,750,000 shares, priced at $25.00 per share, resulting in net proceeds of approximately $32.7 million. The offering included 350,000 secondary shares and a 45-day option for underwriters to purchase up to an additional 15% of the shares. CEO Joshua Harley stated the funds will primarily be used for growth through acquisitions of smaller real estate brokerages, enhancing revenue per transaction, and investments in technology and marketing.

Fathom Holdings Inc. (Nasdaq: FTHM) announced a public offering of 1,750,000 shares at $25.00 per share, aiming to raise approximately $32.7 million in net proceeds after underwriting discounts. The offering includes 350,000 secondary shares and a 45-day option for underwriters to purchase an additional 15% of shares. Proceeds will support business growth, acquisitions, and general corporate purposes. The offering is set to close on November 22, 2021.

Fathom Holdings Inc. (Nasdaq: FTHM) announced a proposed primary and secondary offering of its common stock. The offering will include a 45-day option for underwriters to purchase an additional 15% of shares offered. The company is subject to market conditions, with no guarantee on completion or size of the offering. Roth Capital Partners and Stephens Inc. are the joint book-running managers, while D.A. Davidson & Co. acts as co-manager. A shelf registration statement has been filed with the SEC, but actual sale conditions will follow applicable laws.

Fathom Holdings Inc. (Nasdaq: FTHM) reported a strong performance for Q3 2021, with total revenue rising 81% to $100.9 million compared to $55.8 million in Q3 2020. The company facilitated 11,498 real estate transactions, up 42%, and expanded its agent network by 50% to 7,536 agents. Despite a GAAP net loss of $3.4 million, increased operational investments and acquisitions were noted. For 2022, Fathom anticipates revenue between $410-$420 million, with a long-term target of over $40 million in Adjusted EBITDA at higher transaction volumes.

Fathom Holdings Inc. (Nasdaq: FTHM) will release its 2021 third-quarter financial results on November 10, 2021, after market close. An investor conference call will follow at 5:00 p.m. ET. Fathom is a technology-driven real estate services platform that integrates various services such as residential brokerage and SaaS offerings. For more details, access the official website.

Fathom Holdings Inc. (Nasdaq: FTHM) has unveiled LiveBy Local, a suite of hyperlocal products aimed at enhancing transaction volumes for agents. Integrated into Fathom's intelliAgent Software Suite, LiveBy Local is complimentary for current Fathom agents and available for purchase to others. It leverages community data and geospatial insights to assist agents in generating local content and insights, expected to improve engagement and lead generation. Fathom's CEO emphasizes LiveBy Local as key to gaining a competitive edge and boosting revenue.

Fathom Holdings Inc. (Nasdaq: FTHM) announced participation in D.A. Davidson's 20th Annual Software and Internet Conference on September 9 at 9:30 am ET. CEO Joshua Harley and CFO Marco Fregenal will present, available via live webcast on the company’s investor relations website, with an archive for 90 days. Fathom is a technology-driven real estate services platform integrating various services like brokerage and mortgage through its proprietary software, intelliAgent.

Fathom Holdings Inc. (FTHM) announced strong Q2 2021 results with a 118% revenue increase to $84.2 million, driven by a 74% rise in real estate transactions, totaling 10,100. The agent network grew by 53% to 6,950. Despite the growth, Fathom reported a GAAP net loss of $2.1 million compared to a net income of $161,000 last year. Adjusted EBITDA loss increased to $2.3 million. Notably, the company has made strategic acquisitions and aims to reach over $40 million in Adjusted EBITDA with a target of 100,000 to 110,000 transactions annually.