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. reports developments for a national, technology-driven real estate services platform that combines residential brokerage, mortgage, title and SaaS offerings for brokerages and agents. News commonly covers quarterly results, transaction volume, agent network growth, revenue mix across brokerage and ancillary services, and use of the proprietary cloud-based intelliAgent platform.
Company updates also include Fathom Realty leadership appointments, regional brokerage teams joining its agent-first model, partnerships that add home-moving and concierge services, and portfolio actions such as the completed divestiture of LiveBy assets while retaining platform access for agents.
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.
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