Fathom Holdings Inc Stock Price, News & Analysis

Fathom Holdings' subsidiary, Verus Title, has acquired Utah-based title insurance agency LW Traveling Title, marking an expansion into Utah, Colorado, and Virginia. The acquisition involves nine team members and aims to leverage Verus' technology and service prowess to enhance real estate services in these regions. The strategic move emphasizes Fathom's commitment to providing comprehensive real estate solutions. The integration is expected to facilitate growth and improved service delivery, with REMA assisting in the transaction.

Fathom Holdings announced the appointment of Jon Gwin as the new Chief Operating Officer (COO) on May 28, 2024. Gwin brings over 20 years of leadership experience in legal, compliance, and sales roles within the securities, insurance, mortgage, and real estate sectors. He has held executive roles at American Financial Network, Wachovia Bank, Wells Fargo Bank, and Accredited Home Lenders, contributing significantly to major milestones like the #1 IPO on Wall Street in 2003 and funding over $13 billion in mortgage production at American Financial Network.

Gwin is expected to drive Fathom's growth and innovation across its various brands, leveraging his extensive background in the industry. He holds degrees in Business Administration and Law and has been recognized as one of the forty most influential mortgage professionals under forty by National Mortgage Professional Magazine.

Fathom Holdings has announced that Amanda Langford, Vice President of Human Resources, has been appointed to the SHRM Executive Network, a community of senior HR leaders. Amanda, who became VP in August 2022, has been with Fathom since 2021 and previously worked at Encompass Lending Group. Amanda expressed her commitment to leveraging this opportunity to enhance Fathom's HR initiatives. SHRM, a global authority on workplace issues, has over 340,000 members worldwide. Fathom's CEO, Marco Fregenal, praised Amanda's leadership and contributions.

Fathom Holdings Inc. (Nasdaq: FTHM) reported financial results for the first quarter of 2024, noting progress towards its 2024 goals. Despite a decrease in real estate transactions, total revenue declined by 9.0% to $70.5 million. The company's gross margin increased to 10.3%, positioning it well for positive EBITDA and operational cash flow. Fathom's net loss was $5.9 million for the quarter, with technology and development expenses rising. The company remains committed to achieving and remaining Adjusted EBITDA positive.

Fathom Holdings Inc. (Nasdaq: FTHM) will participate in the 24th Annual B. Riley Securities Institutional Investor Conference where CEO Marco Fregenal will present on May 22, 2024. The company is a technology-driven real estate services platform offering various services to brokerages and agents.

Fathom Holdings Inc. announced the divestiture of Dagley Insurance to DIA founder Nathan Dagley for $15 million, with $8 million paid at closing and $7 million over 24 months. The proceeds will enhance Fathom's financial position and support growth initiatives. Dagley Insurance will maintain its collaboration with Fathom Realty agents across 47 states, ensuring continuity of service.

Fathom Holdings Inc. (Nasdaq: FTHM) will hold a conference call on May 9, 2024, to discuss its first-quarter financial results. The company integrates real estate services like brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents. The call will be live-streamed on the company's website, with a replay available until May 16, 2024.

Fathom Holdings Inc. (Nasdaq: FTHM) celebrates the success of Fathom Serves initiative, an upcoming event where Fathom Realty agents and staff will volunteer in their local communities and charitable organizations from June 3 to 8, 2024. The event exemplifies Fathom's commitment to community involvement and servant leadership, following the success of the inaugural Fathom Serves event in August 2023.