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), a technology-driven real estate brokerage, has promoted DeJane Kerr to Vice President of Brokerage Operations. With over ten years experience at Fathom, Kerr will enhance operations and support for the expanding agent network. Since joining in 2010 as a licensed broker, she has significantly contributed to training and compliance. CEO Joshua Harley praised her impact on agent productivity and growth objectives. Fathom offers a cloud-based brokerage model, enabling agents to benefit from 100% commissions and robust training.
Fathom Holdings (Nasdaq: FTHM) reported strong financial results for Q2 2020, with a 39% increase in revenue to $38.7 million compared to last year, despite COVID-19 challenges. The company completed 5,848 real estate transactions, a 31% rise year-over-year, and its agent network grew by 39% to 4,554 agents. Net income reached $161,000 or $0.02 per share, reversing last year's losses. For H1 2020, total revenue rose 47% to $67.5 million, with notable improvements in cash reserves and adjusted EBITDA.
Fathom Holdings Inc. (Nasdaq: FTHM) will announce its 2020 second quarter financial results on August 18, 2020, after market close, ahead of the September deadline for newly public companies. The conference call is scheduled for 2:00 p.m. PDT/5:00 p.m. EDT, providing investors with insights into the company's performance. Fathom, a cloud-based real estate brokerage, recently went public on July 31, 2020, and aims to leverage its technology-driven platform to enhance operational efficiency and commission structures.
Fathom Holdings Inc. (Nasdaq: FTHM) has appointed Grady Ligon as Chief Technology Officer of its subsidiary, intelliAgent, LLC, effective August 6, 2020. With over 13 years of experience in real estate technology, Ligon is tasked with enhancing intelliAgent, a proprietary SaaS platform that streamlines real estate transactions. CEO Joshua Harley highlighted Ligon's expertise in driving technological advancements to improve operational efficiency. Ligon previously served as CIO at HSF Affiliates and holds a BBA in Information Systems from Baylor University.