Fathom Holdings Inc. reports developments for a national, technology-driven real estate services platform that combines residential brokerage, mortgage, title and SaaS offerings for brokerages and agents. News commonly covers quarterly results, transaction volume, agent network growth, revenue mix across brokerage and ancillary services, and use of the proprietary cloud-based intelliAgent platform.
Company updates also include Fathom Realty leadership appointments, regional brokerage teams joining its agent-first model, partnerships that add home-moving and concierge services, and portfolio actions such as the completed divestiture of LiveBy assets while retaining platform access for agents.
Fathom Holdings reported a 79% increase in fourth-quarter revenue for 2021, totaling $95.5 million compared to $53.4 million in Q4 2020. The company completed approximately 10,800 real estate transactions, a 43% rise year-over-year, and grew its agent network by 48% to 8,100 agents. GAAP net loss for Q4 was $3.6 million, or $0.24 per share, reflecting increased operational costs. Full-year revenue reached $330.2 million, an 87% growth, while total net loss for 2021 was $12.5 million. The guidance for 2022 projects revenue between $425 - $435 million.
Fathom Holdings Inc. (Nasdaq: FTHM) has announced its participation in two upcoming investor conferences in March 2022. On March 10, CEO Joshua Harley and CFO Marco Fregenal will hold one-on-one meetings at D.A. Davidson's 5th Annual Consumer Growth Conference, which will be virtual. Following this, on March 14 at 8:30am PT, they will engage in a fireside chat at the 34th Annual Roth Conference, with the session being webcast live. Additionally, Harley will join a panel on 'IPO Readiness' that same day.
Fathom Holdings Inc. (Nasdaq: FTHM) plans to release its financial results for the fourth quarter and full year of 2021 after market close on March 8, 2022. The company provides a national, technology-driven platform for real estate services, integrating residential brokerage, mortgage, title, insurance, and SaaS solutions. Following the earnings report, an investor conference call is scheduled for 5:00 p.m. ET that same day, allowing investors to discuss the results and future outlook.
Fathom Holdings (NASDAQ: FTHM) announced its subsidiary, Encompass Lending Group, has acquired Cornerstone First Financial, a residential mortgage lender based in Washington, D.C. The acquisition is expected to be immediately accretive, enhancing Fathom's technology-driven real estate services platform. Cornerstone First Financial specializes in various lending solutions, operating in key U.S. markets. CEO Josh Harley emphasized the opportunity for new lead generation strategies and significant growth in mortgage business following the acquisition.
Fathom Holdings Inc. (NASDAQ: FTHM) has acquired Utah-based iPro Realty Network, a full-service residential brokerage with approximately 435 agents. The transaction is expected to be immediately accretive, enhancing Fathom's market presence in Utah's rapidly growing real estate market. In 2021, iPro generated over $1.25 billion in residential sales volume across more than 2,900 transactions. This acquisition aligns with Fathom's strategy to expand its operations across all 50 states.
Fathom Realty LLC, a subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), launched intelliAgent 2.0 on January 25, 2022. This all-in-one technology platform aims to enhance brokerage operations and agent transaction management. Available free to agents from February 9, 2022, the platform includes a sophisticated CRM, marketing resources, and customizable property market reports. CEO Josh Harley emphasized that this iteration allows agents to leverage advanced tools while reducing costs. The rollout aims to attract more agents, increase revenues, and reduce operational expenses.
Fathom Realty LLC, a subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), announced a revised commission structure for its agents, effective January 1, 2022. The annual fee will rise to $600 from $500, and the transaction fee for the first 12 completed transactions will increase to $500 each, up from $450. The $99 fee for transactions beyond the initial 12 remains unchanged. The CEO emphasized that this small fee increase, the first in five years, aims to enhance services and attract more agents, which aligns with Fathom's agent-centric approach.
Fathom Realty, a subsidiary of Fathom Holdings (Nasdaq: FTHM), launched Fathom Academy, an AI-driven e-learning platform designed to enhance agent training and productivity. Integrated with intelliAgent, the Academy offers over 150 online courses, live webinars, and collaboration tools aimed at improving agent efficiency. Founder Josh Harley emphasized the platform's role in aligning with Fathom's servant-leadership philosophy. Agents can personalize their learning experience, track progress, and access training relevant to local real estate markets.
Fathom Holdings Inc. (Nasdaq: FTHM) announced its participation in two upcoming investor conferences in December 2021. Joshua Harley, Founder and CEO, and Marco Fregenal, President and CFO, will present at the Stephens Investment Conference on December 1 in Nashville, Tennessee, and will also conduct one-on-one meetings with investors. Additionally, Harley will attend the Roth Capital Partners Deer Valley Event on December 10 in Park City, Utah. The events will significantly enhance investor engagement for the technology-driven real estate services platform.
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.