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 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.
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.