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Fathom Holdings Inc. (Nasdaq: FTHM) is a national, technology-driven real estate services platform. The company integrates residential brokerage, mortgage, title, insurance, and Software as a Service (SaaS) offerings for brokerages and agents through its proprietary cloud-based software, intelliAgent. This comprehensive suite of services is designed to provide unparalleled support to real estate professionals, helping them streamline operations and enhance productivity.
The company operates through three main segments: Real Estate Brokerage, Mortgage, and Technology. Key brands under its umbrella include Fathom Realty, Dagley Insurance, Encompass Lending, LiveBy, Real Results, and Verus Title. These brands work cohesively to offer a full spectrum of services, from brokerage and insurance to lending and SaaS solutions.
Fathom Realty is known for its agent-centric approach, providing exceptional support, superior technology, effective training programs, and competitive commission plans. Their leadership philosophy, inspired by the principle “whoever wants to be great must become a servant” (Matthew 20:26), emphasizes a servant-first mindset.
Recent achievements include the expansion of Fathom Realty's operations in California through the addition of Divine Properties Group, a San Francisco-based real estate team, which aligns with Fathom's mission to foster collaboration and provide top-notch support to agents nationwide.
Financially, Fathom Holdings has shown resilience despite industry challenges. The company reported a 13.7% growth in its real estate agent network in 2023, with a notable increase in ancillary services revenue, particularly from its mortgage segment. Despite a decline in total revenue due to market conditions, Fathom has implemented strategic cost-saving measures and continues to focus on achieving profitable growth.
One of the latest strategic moves includes the establishment of Verus Title Elite Texas LLC, a joint venture aimed at enhancing the closing experience for agents and clients in Texas. This model is expected to expand across more states, increasing revenue and profitability for Verus and Fathom.
In addition to its business operations, Fathom recently sold Dagley Insurance to its founder Nathan Dagley for $15 million, a move that will strengthen the company's financial position and support further growth initiatives. Despite the divestiture, Dagley Insurance will continue to support the Fathom Realty agent network, ensuring continued high-quality service offerings.
Fathom Holdings continues to innovate and expand its services, positioning itself as a leader in the real estate services industry. For more information, visit FathomInc.com.
Fathom Holdings Inc. (Nasdaq: FTHM) announced its participation in two upcoming investor conferences in December 2021. Joshua Harley, Founder and CEO, and Marco Fregenal, President and CFO, will present at the Stephens Investment Conference on December 1 in Nashville, Tennessee, and will also conduct one-on-one meetings with investors. Additionally, Harley will attend the Roth Capital Partners Deer Valley Event on December 10 in Park City, Utah. The events will significantly enhance investor engagement for the technology-driven real estate services platform.
Fathom Realty, a subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), has welcomed the Woodhouse Group, adding approximately 50 agents in Idaho. This integration increases Fathom's agent count in the region to nearly 400, enhancing its market presence. The company aims to support agents through a flat-fee commission model and advanced technology. Additionally, Mary Smith has been appointed as District Director in Boise to further bolster agent growth and support. Fathom continues to expand its service offerings, including mortgage and title services, enhancing its competitive edge in the real estate market.
Fathom Holdings Inc. (Nasdaq: FTHM) has successfully closed its underwritten public offering of 1,750,000 shares, priced at $25.00 per share, resulting in net proceeds of approximately $32.7 million. The offering included 350,000 secondary shares and a 45-day option for underwriters to purchase up to an additional 15% of the shares. CEO Joshua Harley stated the funds will primarily be used for growth through acquisitions of smaller real estate brokerages, enhancing revenue per transaction, and investments in technology and marketing.
Fathom Holdings Inc. (Nasdaq: FTHM) announced a public offering of 1,750,000 shares at $25.00 per share, aiming to raise approximately $32.7 million in net proceeds after underwriting discounts. The offering includes 350,000 secondary shares and a 45-day option for underwriters to purchase an additional 15% of shares. Proceeds will support business growth, acquisitions, and general corporate purposes. The offering is set to close on November 22, 2021.
Fathom Holdings Inc. (Nasdaq: FTHM) announced a proposed primary and secondary offering of its common stock. The offering will include a 45-day option for underwriters to purchase an additional 15% of shares offered. The company is subject to market conditions, with no guarantee on completion or size of the offering. Roth Capital Partners and Stephens Inc. are the joint book-running managers, while D.A. Davidson & Co. acts as co-manager. A shelf registration statement has been filed with the SEC, but actual sale conditions will follow applicable laws.
Fathom Holdings Inc. (Nasdaq: FTHM) reported a strong performance for Q3 2021, with total revenue rising 81% to $100.9 million compared to $55.8 million in Q3 2020. The company facilitated 11,498 real estate transactions, up 42%, and expanded its agent network by 50% to 7,536 agents. Despite a GAAP net loss of $3.4 million, increased operational investments and acquisitions were noted. For 2022, Fathom anticipates revenue between $410-$420 million, with a long-term target of over $40 million in Adjusted EBITDA at higher transaction volumes.
Fathom Holdings Inc. (Nasdaq: FTHM) will release its 2021 third-quarter financial results on November 10, 2021, after market close. An investor conference call will follow at 5:00 p.m. ET. Fathom is a technology-driven real estate services platform that integrates various services such as residential brokerage and SaaS offerings. For more details, access the official website.
Fathom Holdings Inc. (Nasdaq: FTHM) has unveiled LiveBy Local, a suite of hyperlocal products aimed at enhancing transaction volumes for agents. Integrated into Fathom's intelliAgent Software Suite, LiveBy Local is complimentary for current Fathom agents and available for purchase to others. It leverages community data and geospatial insights to assist agents in generating local content and insights, expected to improve engagement and lead generation. Fathom's CEO emphasizes LiveBy Local as key to gaining a competitive edge and boosting revenue.
Fathom Holdings Inc. (Nasdaq: FTHM) announced participation in D.A. Davidson's 20th Annual Software and Internet Conference on September 9 at 9:30 am ET. CEO Joshua Harley and CFO Marco Fregenal will present, available via live webcast on the company’s investor relations website, with an archive for 90 days. Fathom is a technology-driven real estate services platform integrating various services like brokerage and mortgage through its proprietary software, intelliAgent.
Fathom Holdings Inc. (FTHM) announced strong Q2 2021 results with a 118% revenue increase to $84.2 million, driven by a 74% rise in real estate transactions, totaling 10,100. The agent network grew by 53% to 6,950. Despite the growth, Fathom reported a GAAP net loss of $2.1 million compared to a net income of $161,000 last year. Adjusted EBITDA loss increased to $2.3 million. Notably, the company has made strategic acquisitions and aims to reach over $40 million in Adjusted EBITDA with a target of 100,000 to 110,000 transactions annually.
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