Fathom Holdings Inc Stock Price, News & Analysis

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.

Fathom Holdings Inc. (Nasdaq: FTHM) will announce its 2021 second quarter financial results on August 11, 2021, after market close. The company, a technology-driven real estate services platform, integrates various services including brokerage and mortgage solutions. Fathom will hold an investor conference call at 5:00 p.m. ET the same day. This call will provide insights into the company's performance and future outlook, with details available for replay until August 25, 2021.

Fathom Holdings (FTHM) has established a new Hispanic division aimed at serving the growing Hispanic homebuyer market. Led by Flavio Jimenez, the division will focus on enhancing Fathom's presence in Las Vegas and providing targeted educational resources to Hispanic communities. With a projected 70% of new home buyers expected to be Hispanic by 2040, the company plans to invest in scholarships for aspiring real estate professionals and develop Spanish-language resources to better assist this demographic. This initiative reflects Fathom's commitment to diversity and community service.

Fathom Holdings Inc. (Nasdaq: FTHM) has successfully acquired Epic Realty, a regional brokerage based in Meridian, Idaho, which has over 350 agents. The acquisition enhances Fathom's market presence, placing it as the third-largest broker in Idaho. CEO Joshua Harley highlighted that the company has added over 500 agents across two markets in the last four months. Fathom aims to operate in all 50 states and leverages its cloud-based software, intelliAgent, to support agents in growing their businesses while enjoying higher incomes due to commission savings.

Fathom Holdings Inc. (Nasdaq: FTHM) has signed a definitive agreement to acquire Epic Realty, expanding its operations into Idaho. The acquisition is expected to close in Q2 2021, with Epic rebranding under the Fathom name. Epic, based in Meridian, Idaho, has over 350 agents and offers full-service residential real estate. Fathom aims to leverage this acquisition to enhance agent services and grow its market presence, aligning with its strategic goal of entering all 50 states.

Fathom Holdings Inc. (Nasdaq: FTHM), a technology-driven real estate services platform, announced participation in the Roth Virtual London Conference on June 22, 2021. CEO Joshua Harley and CFO Marco Fregenal will engage in small group and one-on-one investor meetings, by invitation only. Fathom integrates various services, including residential brokerage, mortgage, title, and insurance, using its proprietary software, intelliAgent. This conference aims to enhance investor relations and provide insights into Fathom's business model and offerings.

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.