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Fathom Digital Manufacturing Corporation (NYSE: FATH) bridges advanced manufacturing technologies with traditional production methods, accelerating product development across aerospace, automotive, and consumer electronics sectors. This dedicated news hub provides stakeholders with essential updates on operational milestones and strategic initiatives.
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Industry Leadership Focus: Discover updates on Fathom's additive manufacturing advancements and prototype engineering capabilities. Follow developments highlighting their Inc. 5000-recognized growth and Fortune-listed operational excellence since 2013.
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Fathom Digital Manufacturing Corp. (NYSE: FATH) received notification from the NYSE on March 29, 2023, that its Class A common stock's average closing price fell below $1.00 over the last 30 trading days. The company has a six-month window to regain compliance with this listing requirement. Compliance can be achieved if the stock closes at or above $1.00 and maintains this average for the duration of the cure period. While the current notice does not immediately affect the stock's listing status, failure to comply could result in delisting. Fathom plans to respond to the NYSE regarding its intent to address this issue.
Fathom Digital Manufacturing Corp. (FATH) reported a net loss of $114.9 million for Q4 2022, including a non-cash goodwill impairment charge of $123 million. Revenue decreased 13.3% year-over-year to $38.4 million. For the full year, revenue increased 5.9% to $161.1 million, driven by acquisition-related growth. Adjusted EBITDA for Q4 was $3.0 million (7.9% margin), down from $10.5 million (23.8% margin) in Q4 2021. Fathom plans to achieve approximately $19.5 million in annual cost savings by Q2 2023 and has appointed new sales leadership to improve efficiency.
Fathom Digital Manufacturing Corp. (NYSE: FATH) announced plans to release its financial results for Q4 and the full year ended
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Fathom Digital Manufacturing Corp. (NYSE: FATH) reported Q3 2022 revenues of $40.2 million, a 3.1% decline from Q3 2021 due to lower volumes. Year-to-date revenue increased 13.8% to $122.7 million. The company faced a substantial net loss of $(1,046.1) million attributed to a non-cash goodwill impairment charge of $1,066.6 million, though adjusted EBITDA was positive at $7.1 million, with a margin of 17.5%. For full-year 2022, Fathom anticipates revenues between $163 million and $165 million, reflecting 7% to 8.5% growth despite a projected decrease in adjusted EBITDA by 7% to 12.5%.
Fathom Digital Manufacturing Corp. (NYSE: FATH) will announce its third-quarter financial results for the period ending September 30, 2022, on November 14, 2022, before market opening. Following the announcement, a conference call will be held at 8:30 am Eastern Time, accessible via phone or live webcast. Investors can view supporting materials on Fathom's investor relations website. A replay of the call will be available until November 21, 2022. Fathom is a major player in North America's on-demand digital manufacturing, offering diverse manufacturing processes and substantial capacity across multiple facilities.
Fathom Digital Manufacturing Corp. (NYSE: FATH) reported a 17% revenue increase to $42.0 million for Q2 2022 and a 24.3% increase for the first half, totaling $82.5 million. Net income soared to $34 million, reversing a loss from the previous year. Adjusted EBITDA also rose to $8.7 million, reflecting a margin of 20.6%. Despite this positive performance, the company revised its full-year 2022 revenue guidance downward to a growth range of 8% to 12%, anticipating revenue between $165 million and $171 million.
Fathom Digital Manufacturing Corp. (NYSE: FATH) will announce its financial results for Q2 2022 on August 15, 2022, prior to market open. A conference call is scheduled for the same day at 8:30 AM Eastern Time, accessible via US and international dialing. Investors can also access a live webcast along with supporting materials on Fathom's investor relations website. A replay will be available until August 22, 2022. Fathom serves critical manufacturing needs across various sectors, highlighting its 450,000 square feet of capacity across 12 facilities.
Fathom Digital Manufacturing Corp. (NYSE: FATH) will join the Russell 3000® and Russell 2000® indexes effective June 27, 2022, following FTSE Russell's annual reconstitution. This inclusion enhances Fathom's visibility among institutional investors, potentially broadening its shareholder base. The Russell indexes encompass the largest 4,000 US stocks, with the Russell 3000 providing automatic entry into either the large-cap or small-cap indexes. Fathom is recognized as a leader in on-demand digital manufacturing services, with a robust platform serving various industries across North America.
Fathom Digital Manufacturing Corp. (NYSE: FATH) will present at the Stifel 2022 Cross Sector Insight Conference in Boston on June 7, 2022, at 1:50 pm ET. Presenters include CEO Ryan Martin and CFO Mark Frost. The presentation will be accessible through the Investor Relations section of Fathom's website, with an option for a live webcast. Fathom is a leading on-demand digital manufacturing platform in North America, providing extensive manufacturing services and tailored solutions for various industries.
