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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) has signed a definitive agreement to acquire Epic Realty, expanding its operations into Idaho. The acquisition is expected to close in Q2 2021, with Epic rebranding under the Fathom name. Epic, based in Meridian, Idaho, has over 350 agents and offers full-service residential real estate. Fathom aims to leverage this acquisition to enhance agent services and grow its market presence, aligning with its strategic goal of entering all 50 states.
Fathom Holdings Inc. (Nasdaq: FTHM), a technology-driven real estate services platform, announced participation in the Roth Virtual London Conference on June 22, 2021. CEO Joshua Harley and CFO Marco Fregenal will engage in small group and one-on-one investor meetings, by invitation only. Fathom integrates various services, including residential brokerage, mortgage, title, and insurance, using its proprietary software, intelliAgent. This conference aims to enhance investor relations and provide insights into Fathom's business model and offerings.
Fathom Holdings Inc. (Nasdaq: FTHM) announced that its subsidiary, Verus Title Inc., has expanded into the Texas market, particularly targeting the Dallas-Fort Worth area. This move follows the acquisition of Verus in November 2020 to enhance its service offerings in real estate. Chris Mitchell, a seasoned title industry expert, has been appointed as Managing Director for Texas Operations. Fathom currently has about 2,400 agents in Texas, with growth in residential real estate expected. Verus aims to broaden its presence across Texas, leveraging advanced technology and aiming for nationwide operations.
Fathom Holdings Inc. (Nasdaq: FTHM) reported a 72% increase in revenue for Q1 2021, totaling $49.6 million, compared to $28.8 million in Q1 2020. The company completed approximately 6,900 real estate transactions, up 60%, and increased its agent network to 6,045, a 42% rise year-over-year. Despite this growth, Fathom recorded a GAAP net loss of $3.4 million ($0.25 per share), a significant increase from a loss of $43,000 in the previous year. The company’s cash position decreased to $24.9 million from $28.6 million at year-end 2020, reflecting recent acquisitions.
Fathom Holdings Inc. (NASDAQ: FTHM) announced it will release its first quarter financial results for 2021 on May 13, 2021, after market close. The company will also hold an investor conference call at 5:00 p.m. ET the same day. Fathom Holdings offers a technology-driven platform for real estate services, integrating brokerage, mortgage, title, insurance, and SaaS solutions. Interested parties can access the earnings call via phone or webcast, with replay options available until May 27, 2021.
Fathom Holdings Inc. (Nasdaq: FTHM) has successfully completed the acquisition of LiveBy, a hyperlocal data and technology platform, for approximately $9.0 million, comprising $3.0 million in cash and $6.0 million in stock. The integration of LiveBy's technology into Fathom's intelliAgent software is expected to enhance consumer engagement and assist agents with local data insights. This acquisition aligns with Fathom's goal of expanding its technology-driven real estate services and aims to strengthen the competitive advantage for agents across North America.
Fathom Holdings Inc. (NASDAQ: FTHM) has successfully completed the acquisition of E4:9 Holdings, Inc. for approximately $28.88 million, comprising $9.82 million in cash and $19.05 million in stock. E4:9's subsidiaries generated $12.8 million in unaudited revenue for 2020, with 15% being recurring. The acquisition aims to enhance Fathom's vertically integrated real estate services and expand its presence across the U.S. E4:9 adds significant workforce and revenue potential, with plans for rapid growth in loan officers and insurance agents.
Fathom Holdings Inc. (Nasdaq: FTHM) has signed a definitive agreement for the acquisition of E4:9 Holdings, Inc. for approximately $26.75 million. This deal includes $10 million in cash and $16.75 million in common stock. Expected to close in Q2, the transaction aims to enhance Fathom’s revenue streams and profitability by integrating E4:9's subsidiaries: Encompass Lending Group, Dagley Insurance Agency, and Real Results into its operations. The acquisition is positioned to improve revenue per transaction, attract new agents, and better serve clients.
Fathom Holdings Inc. (Nasdaq: FTHM) announced the acquisition of LiveBy, Inc., a hyperlocal data and technology platform, for approximately $9 million—$3 million in cash and $6 million in stock. This acquisition will enhance Fathom's proprietary technology platform, intelliAgent, and is expected to attract more REALTORS®, help agents close more sales, and build a national real estate portal. LiveBy supports local data in all 50 U.S. states and beyond, providing significant market insights.
Fathom Holdings Inc. (Nasdaq: FTHM) reported strong financial results for Q4 and full year 2020. Q4 revenue surged 61% to $53.4 million, with transactions up 50% year-over-year. The agent network expanded by 37%, reaching 5,471 agents. Net loss for Q4 narrowed to $1.3 million, and adjusted EBITDA loss decreased to $850,000. Full-year revenue climbed 59% to $176.8 million, with a reduced net loss of $1.3 million. The company completed its IPO in August 2020, raising $31.1 million. Recent acquisitions include Verus Title Inc. and Red Barn Real Estate.
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