Fathom Holdings Inc Stock Price, News & Analysis

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.

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.