Fathom Holdings Inc - FTHM STOCK NEWS

Fathom Holdings Inc. (Nasdaq: FTHM) announced that its subsidiary, Verus Title Inc., has expanded into the Texas market, particularly targeting the Dallas-Fort Worth area. This move follows the acquisition of Verus in November 2020 to enhance its service offerings in real estate. Chris Mitchell, a seasoned title industry expert, has been appointed as Managing Director for Texas Operations. Fathom currently has about 2,400 agents in Texas, with growth in residential real estate expected. Verus aims to broaden its presence across Texas, leveraging advanced technology and aiming for nationwide operations.

Fathom Holdings Inc. (Nasdaq: FTHM) reported a 72% increase in revenue for Q1 2021, totaling $49.6 million, compared to $28.8 million in Q1 2020. The company completed approximately 6,900 real estate transactions, up 60%, and increased its agent network to 6,045, a 42% rise year-over-year. Despite this growth, Fathom recorded a GAAP net loss of $3.4 million ($0.25 per share), a significant increase from a loss of $43,000 in the previous year. The company’s cash position decreased to $24.9 million from $28.6 million at year-end 2020, reflecting recent acquisitions.

Fathom Holdings Inc. (NASDAQ: FTHM) announced it will release its first quarter financial results for 2021 on May 13, 2021, after market close. The company will also hold an investor conference call at 5:00 p.m. ET the same day. Fathom Holdings offers a technology-driven platform for real estate services, integrating brokerage, mortgage, title, insurance, and SaaS solutions. Interested parties can access the earnings call via phone or webcast, with replay options available until May 27, 2021.

Fathom Holdings Inc. (Nasdaq: FTHM) has successfully completed the acquisition of LiveBy, a hyperlocal data and technology platform, for approximately $9.0 million, comprising $3.0 million in cash and $6.0 million in stock. The integration of LiveBy's technology into Fathom's intelliAgent software is expected to enhance consumer engagement and assist agents with local data insights. This acquisition aligns with Fathom's goal of expanding its technology-driven real estate services and aims to strengthen the competitive advantage for agents across North America.

Fathom Holdings Inc. (NASDAQ: FTHM) has successfully completed the acquisition of E4:9 Holdings, Inc. for approximately $28.88 million, comprising $9.82 million in cash and $19.05 million in stock. E4:9's subsidiaries generated $12.8 million in unaudited revenue for 2020, with 15% being recurring. The acquisition aims to enhance Fathom's vertically integrated real estate services and expand its presence across the U.S. E4:9 adds significant workforce and revenue potential, with plans for rapid growth in loan officers and insurance agents.

Fathom Holdings Inc. (Nasdaq: FTHM) has signed a definitive agreement for the acquisition of E4:9 Holdings, Inc. for approximately $26.75 million. This deal includes $10 million in cash and $16.75 million in common stock. Expected to close in Q2, the transaction aims to enhance Fathom’s revenue streams and profitability by integrating E4:9's subsidiaries: Encompass Lending Group, Dagley Insurance Agency, and Real Results into its operations. The acquisition is positioned to improve revenue per transaction, attract new agents, and better serve clients.

Fathom Holdings Inc. (Nasdaq: FTHM) announced the acquisition of LiveBy, Inc., a hyperlocal data and technology platform, for approximately $9 million—$3 million in cash and $6 million in stock. This acquisition will enhance Fathom's proprietary technology platform, intelliAgent, and is expected to attract more REALTORS^®, help agents close more sales, and build a national real estate portal. LiveBy supports local data in all 50 U.S. states and beyond, providing significant market insights.

Fathom Holdings Inc. (Nasdaq: FTHM) reported strong financial results for Q4 and full year 2020. Q4 revenue surged 61% to $53.4 million, with transactions up 50% year-over-year. The agent network expanded by 37%, reaching 5,471 agents. Net loss for Q4 narrowed to $1.3 million, and adjusted EBITDA loss decreased to $850,000. Full-year revenue climbed 59% to $176.8 million, with a reduced net loss of $1.3 million. The company completed its IPO in August 2020, raising $31.1 million. Recent acquisitions include Verus Title Inc. and Red Barn Real Estate.

Fathom Holdings Inc. (Nasdaq: FTHM) will participate in the 33rd Annual Roth Conference on March 17, 2021, at 11:00 am ET. CEO Joshua Harley and CFO Marco Fregenal will host a presentation, which will be live-streamed on the company's website, where it will also be archived. The management team plans to hold one-on-one meetings with investors during the event. As a national, cloud-based real estate brokerage, Fathom offers real estate professionals 100% commission and a flat-fee structure, supported by advanced technology and operational efficiencies.