Fathom Holdings Inc Stock Price, News & Analysis

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.

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.