Fathom Holdings Inc Stock Price, News & Analysis

Fathom Holdings Inc. (Nasdaq: FTHM) announced the acquisition of LiveBy, Inc., a hyperlocal data and technology platform, for approximately $9 million—$3 million in cash and $6 million in stock. This acquisition will enhance Fathom's proprietary technology platform, intelliAgent, and is expected to attract more REALTORS^®, help agents close more sales, and build a national real estate portal. LiveBy supports local data in all 50 U.S. states and beyond, providing significant market insights.

Fathom Holdings Inc. (Nasdaq: FTHM) reported strong financial results for Q4 and full year 2020. Q4 revenue surged 61% to $53.4 million, with transactions up 50% year-over-year. The agent network expanded by 37%, reaching 5,471 agents. Net loss for Q4 narrowed to $1.3 million, and adjusted EBITDA loss decreased to $850,000. Full-year revenue climbed 59% to $176.8 million, with a reduced net loss of $1.3 million. The company completed its IPO in August 2020, raising $31.1 million. Recent acquisitions include Verus Title Inc. and Red Barn Real Estate.

Fathom Holdings Inc. (Nasdaq: FTHM) will participate in the 33rd Annual Roth Conference on March 17, 2021, at 11:00 am ET. CEO Joshua Harley and CFO Marco Fregenal will host a presentation, which will be live-streamed on the company's website, where it will also be archived. The management team plans to hold one-on-one meetings with investors during the event. As a national, cloud-based real estate brokerage, Fathom offers real estate professionals 100% commission and a flat-fee structure, supported by advanced technology and operational efficiencies.

Fathom Holdings Inc. (Nasdaq: FTHM) is set to announce its 2020 fourth quarter and full-year financial results after market close on March 23, 2021. The company operates a national, cloud-based residential real estate brokerage through its subsidiary, Fathom Realty. An investor conference call will be held on the same day at 5:00 p.m. ET. Key financial outcomes and metrics will be discussed, providing insights into the company’s performance and future outlook.

Fathom Holdings Inc. (NASDAQ: FTHM), a technology-driven real estate brokerage, announced its acquisition of Red Barn Real Estate, a firm based in Woodstock, Georgia, with approximately 230 agents serving the Atlanta metro area. This strategic acquisition aims to enhance Fathom's presence in a growing market characterized by rising home sales and median prices. CEO Joshua Harley emphasized the significance of integrating Red Barn's agents into Fathom's platform, which offers proprietary software for competitive advantage. Financial terms of the acquisition were not disclosed.

Fathom Holdings Inc. (Nasdaq: FTHM) has appointed Ravila Gupta to its board of directors, expanding the board to eight members, five of whom are independent. Gupta brings extensive experience in executive management, having previously served as President and CEO of Bagchi Group, Inc. and the Council for Entrepreneurial Development. Fathom's Chairman and CEO, Joshua Harley, highlighted Gupta's skills in strategic planning and business development. Fathom Holdings operates through its subsidiary, Fathom Realty, providing a technology-driven, cloud-based platform for real estate professionals.

Fathom Holdings Inc. (Nasdaq: FTHM), a tech-driven residential real estate brokerage, has successfully acquired Naberly Solutions through its subsidiary intelliAgent. This acquisition is aimed at enhancing Fathom's technology independence, operational efficiency, and agent support. CEO Joshua Harley emphasized that Naberly will contribute to a robust technology offering, which is crucial for agent growth. The company also plans to introduce an enhanced platform version to create a national real estate portal, expanding lead generation opportunities for both Fathom and non-Fathom agents.

Fathom Holdings Inc. (Nasdaq: FTHM) announced an expanded agent referral program designed to enhance its growing network. Agents will receive $500 in stock grants for each referred agent, increasing to $1,000 for the second through fifth referrals, $1,500 for the sixth through tenth, and $2,000 for eleven or more. This initiative builds upon the previous year’s program and aims to reward existing agents while driving more referrals. Fathom Realty, with over 5,000 agents across 27 states, leverages a cloud-based platform to support its business model.

Fathom Holdings (Nasdaq: FTHM) announced its subsidiary, intelliAgent, has signed an agreement to acquire Naberly Solutions, a cloud-based technology platform for real estate professionals. This acquisition, expected to close in Q1 2021, aims to enhance Fathom's intelliAgent suite by integrating Naberly's lead generation and CRM capabilities. Fathom's CEO noted that this will reduce costs over time and improve revenue per agent. Additionally, the integration supports plans to launch a national real estate portal, fostering competition in the market.