Welcome to our dedicated page for Fathom Holdings news (Ticker: FTHM), a resource for investors and traders seeking the latest updates and insights on Fathom Holdings stock.
Fathom Holdings Inc. (Nasdaq: FTHM) is described as a national, technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings for brokerages and agents. The FTHM news feed on Stock Titan brings together company press releases, operational updates, partnership announcements, capital markets activity, and other disclosures that Fathom has made public.
Recent company communications have highlighted several themes. Fathom has reported revenue and transaction growth across its real estate brokerage segment, along with contributions from mortgage, title, and technology. The company has discussed initiatives such as its Elevate program, Real Results lead platform, and the integration of ancillary services to support agents and clients on its intelliAgent-powered platform.
News items have also described strategic partnerships and acquisitions. Fathom has announced a partnership with Move Concierge to extend concierge moving services to its agents and clients, and a collaboration with ByOwner aimed at converting for-sale-by-owner listings into full-service transactions with Fathom agents. The company has also reported the acquisition and expansion of START Real Estate, which focuses on first-time homebuyers, and the geographic growth of Verus Title into additional U.S. states.
In addition, Fathom has issued press releases about capital raising through an underwritten public offering of common stock and has provided regular earnings updates, including segment revenue details and non-GAAP metrics such as Adjusted EBITDA. Investors and observers can use this news page to review how Fathom communicates its strategy, growth initiatives, financial performance framework, and corporate actions over time.
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.
Fathom Holdings Inc. (Nasdaq: FTHM) has successfully closed its underwritten public offering of 1,750,000 shares, priced at $25.00 per share, resulting in net proceeds of approximately $32.7 million. The offering included 350,000 secondary shares and a 45-day option for underwriters to purchase up to an additional 15% of the shares. CEO Joshua Harley stated the funds will primarily be used for growth through acquisitions of smaller real estate brokerages, enhancing revenue per transaction, and investments in technology and marketing.
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.