Fathom Holdings Inc Stock Price, News & Analysis

Fathom Holdings (FTHM) reported a 10.2% revenue increase in Q3 2022, totaling $111.3 million, compared to $100.9 million last year. The company completed 12,077 real estate transactions, up 5% year-over-year, with a 33% growth in agent network to 9,991. Despite these gains, Fathom had a GAAP net loss of $6.0 million, up from $3.4 million YoY. The firm aims for Adjusted EBITDA breakeven in H1 2023 and cash flow breakeven in Q3 2023, while implementing cost cuts of $1.5 million per quarter.

Fathom Holdings Inc. (Nasdaq: FTHM) announced its participation in the Stephens Annual Investment Conference on November 16 in Nashville. Joshua Harley, the company's Founder and CEO, along with Marco Fregenal, President and CFO, will engage in a fireside chat at 1:00 p.m. CT and hold one-on-one investor meetings throughout the day. The fireside chat will be available for live streaming on Fathom's investor relations website and archived for 90 days. Fathom specializes in technology-driven real estate services, integrating various offerings for agents and brokerages.

Fathom Holdings Inc. (Nasdaq: FTHM) will announce its 2022 third quarter financial results on November 7, 2022, after market close. This technology-driven real estate services platform integrates residential brokerage, mortgage, title, insurance, and SaaS offerings. An investor conference call is scheduled for the same day at 5:00 p.m. ET. For more details, visit www.FathomInc.com.

Fathom Holdings Inc. (Nasdaq: FTHM) will present at the LD Micro Main Event XV Conference on October 26 in Los Angeles. This technology-driven real estate services platform integrates brokerage, mortgage, title, and insurance services. CEO Joshua Harley and CFO Marco Fregenal will present at 2:30 p.m. PT and hold one-on-one meetings with investors. The presentation will be live-streamed and archived on Fathom's website. Fathom is known for its proprietary software, intelliAgent, and various brands including Fathom Realty and Dagley Insurance.

Fathom Holdings Inc. (Nasdaq: FTHM) has appointed Scott Flanders to its board of directors, where he will serve as Chair of the Compensation Committee. Flanders, a seasoned executive and current investor in Fathom, succeeds Jeffrey Coats, who resigned for other business pursuits. His extensive background in public companies, including as CEO of eHealth, Inc., and his CPA credentials are expected to enhance Fathom's strategic direction. Chairman and CEO Joshua Harley expressed optimism about Flanders' contributions to disrupting the residential real estate market.

Fathom Holdings Inc. (Nasdaq: FTHM) will participate in the D.A. Davidson Big Sky Technology Summit on August 23. CEO Joshua Harley and CFO Marco Fregenal will join a fireside chat at 8:00 a.m. MT and a panel on 'Residential Real Estate Disruption' at 10:00 a.m. MT. Both sessions will be available via live webcast on Fathom's investor relations website. The company integrates real estate services with a focus on technology, offering solutions through its proprietary intelliAgent platform.

Fathom Holdings announced a stronger than expected financial performance for Q2 2022, with total revenue exceeding $128.2 million, a growth of 52% year-over-year. The company's real estate transactions increased by 32%, with its agent network expanding by 38% to around 9,560 agents. Despite a net loss of $5.7 million for the quarter due to rising interest rates affecting its mortgage segment, Fathom's real estate segment achieved profitability for the fifth consecutive quarter. The company anticipates Q3 revenue between $105 million and $110 million and full-year revenue of $425 million to $435 million.

Fathom Holdings Inc. (NASDAQ: FTHM) announced it will release its 2022 second quarter financial results on August 4, 2022, after market close. An investor conference call is scheduled for the same day at 5:00 p.m. ET. The company is a technology-driven real estate services platform integrating various offerings such as residential brokerage, mortgage, title, and insurance. The results will be accessible through a webcast and replay options are available until August 11, 2022.

Fathom Holdings Inc. (Nasdaq: FTHM) announced that its Chief Strategy Officer, Wendy Forsythe, has been recognized as a 2022 Marketing Leader by HousingWire for her impactful contributions to the housing economy. Forsythe joined Fathom in 2019 and became Chief Strategy Officer in January 2022, focusing on strategic initiatives, marketing, and growth. Her recognition highlights her professional achievements and influence within the industry. CEO Josh Harley praised her as a vital asset to Fathom's growth, emphasizing the company's mission to empower agents in the residential real estate market.