Acquisition and Growth - Fathom Holdings Inc. acquired My Home Group, increasing its presence in Arizona and Washington with over 2,200 agents [266]. - Fathom's real estate agent licenses grew by 21% to approximately 14,300 at December 31, 2024, up from approximately 11,795 at December 31, 2023 [285]. Financial Performance - For the year ended December 31, 2024, total revenue decreased by approximately $10.0 million or 2.9% to $335.2 million compared to $345.2 million in 2023, primarily due to a decrease in transaction volume caused by historically high house prices [307]. - Gross commission income for 2024 was $314.7 million, a decrease of $10.7 million or 3.3% from 2023, with transaction volume down 3.0% to approximately 37,000 transactions [307]. - Other service revenue increased by approximately $0.6 million or 3.1% to $20.4 million in 2024, driven by growth in mortgage loans and title service transactions [308]. - Total operating expenses decreased by approximately $9.8 million or 2.7% to $358.6 million in 2024, with significant reductions in commission and service costs, general and administrative expenses, and marketing expenses [309]. - General and administrative expenses decreased by approximately $2.5 million or 6.9% to $33.6 million in 2024, primarily due to the elimination of costs related to the insurance business sold in May 2024 [312]. - Adjusted EBITDA for 2024 is $(5,710) thousand, compared to $(4,111) thousand in 2023, indicating a decline in operational performance [333]. - Net loss for 2024 is $(21,577) thousand, slightly improved from $(23,981) thousand in 2023 [333]. - Stock-based compensation decreased to $8,839 thousand in 2024 from $12,994 thousand in 2023, reflecting a reduction in equity-related expenses [333]. - Depreciation and amortization expenses were $5,423 thousand in 2024, down from $5,947 thousand in 2023, indicating a slight decrease in asset-related costs [333]. - Other net expenses rose to $2,094 thousand in 2024 from $580 thousand in 2023, highlighting increased operational costs [333]. Market Trends - Existing home sales declined by 6.2% in 2023 and an additional 0.7% in 2024, marking the lowest market levels since 1995 [272]. - The average sales price for existing homes in December 2024 was $404,400, a 6% increase from $382,600 in December 2023 [276]. - The company anticipates a 9% increase in existing home sales transactions in 2025, projecting sales to rise from 4.06 million to 4.5 million [276]. Operational Efficiency - Fathom's efficient operating model, driven by a cloud-based approach, supports lower fixed costs and positions the company for growth despite market challenges [273]. - Net cash used in operating activities for 2024 was $4.7 million, a significant improvement from $10.6 million used in 2023, indicating better operational efficiency [324]. Legal and Compliance - The NAR settlement involved a payment of $418 million over four years, resolving claims against the company related to antitrust violations [282]. - Litigation contingency expenses increased to $3,491 thousand in 2024, with no such expenses reported in 2023, suggesting potential ongoing legal challenges [333]. Financial Position - As of December 31, 2024, the company had current assets of $25.0 million, an increase of 7.6% from $23.2 million in 2023, while current liabilities increased by 18.5% to $19.4 million [317]. - The company raised approximately $2.7 million in net proceeds from a registered direct offering of common stock in March 2025, enhancing its liquidity position [317]. Reporting and Transparency - The company continues to exclude significant recurring expenses from Adjusted EBITDA, which may mask underlying performance trends [332]. - The company is committed to transparency in financial reporting by providing Adjusted EBITDA as a supplemental measure for investors [330]. - Goodwill is subject to annual impairment testing, with management believing that the estimated fair value of reporting units exceeds their carrying values [338]. - The company is classified as an emerging growth company and a small reporting company, allowing for reduced reporting requirements under the JOBS Act [346].

Core Insights - Fathom Holdings, Inc. has appointed Adam Rothstein, a technology industry expert, to its Board of Directors, where he will serve on multiple committees including the Audit Committee and the newly formed Strategy Committee [1][3] - Rothstein brings over 25 years of investment experience and has held board positions in various technology and media companies, enhancing Fathom's strategic vision and growth initiatives [2][3] Company Overview - Fathom Holdings, Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings, utilizing its proprietary cloud-based software, intelliAgent [4] - The company's brands include Fathom Realty, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title, indicating a diverse service offering within the real estate sector [4]

Fathom (FTHM) Q4 2024 Earnings Call March 12, 2025 10:35 PM ET Company Participants None - ExecutiveMarco Fregenal - CEO, President & Director Conference Call Participants Darren Aftahi - Senior Research Analyst-Internet, Media and Enabling Technologies Operator Greetings. Welcome to the Fathom Holdings Inc. Fourth Quarter twenty twenty four Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conferenc ...

Core Insights - Fathom Holdings experienced a 24% year-over-year revenue increase in Q4 2024, reaching $91.7 million, despite challenges in the residential real estate market [2][6] - The company aims to achieve EBITDA positive status by Q2 2025, driven by revenue growth from acquisitions and cost reductions [1][10] - Fathom's real estate agent network grew by 21% to approximately 14,300 agents by the end of 2024 [4] Financial Performance - Total revenue for Q4 2024 was $91.7 million, up from $74.1 million in Q4 2023, with brokerage revenue increasing by 26.3% to $87.7 million [2][5] - Gross profit for Q4 2024 increased by 25% to $6.7 million, with core business gross profit rising by 59% to $6.6 million [3][6] - GAAP net loss for Q4 2024 was $6.2 million, or $0.29 per share, an improvement from a loss of $8.4 million, or $0.50 per share, in Q4 2023 [6][10] Operational Highlights - Fathom completed approximately 37,000 real estate transactions in 2024, a decrease of 2.2% compared to the previous year [9] - The company implemented new fee structures and launched innovative agent commission plans to enhance recruitment and retention [17] - Fathom's acquisition of My Home Group in November 2024 expanded its brokerage presence significantly [17] Future Outlook - The company anticipates ongoing challenges in the real estate market for 2025 but expects meaningful improvements [1] - Management plans to reassess guidance expectations in Q2 2025 [13] - Fathom is committed to achieving and maintaining Adjusted EBITDA positive status moving forward [7][10]

Core Viewpoint - Fathom Holdings, Inc. has announced a definitive securities purchase agreement to raise approximately $3.0 million through a registered direct offering of its common stock, aimed at funding general corporate purposes and strategic acquisitions [1][3]. Group 1: Offering Details - The company will sell a total of 3,505,364 shares to certain investors at a price of $0.6847 per share and 832,639 shares to Board members at $0.7206 per share, based on the closing bid price on March 10, 2025 [1][2]. - The closing of the offering is expected around March 14, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate and working capital purposes, as well as for funding strategic acquisitions of complementary businesses [3]. Group 3: Board Appointment - As part of the offering, Adam Rothstein is set to be appointed to the Board, subject to Board approval [2]. Group 4: Company Overview - Fathom Holdings Inc. operates as a technology-driven real estate services platform, integrating residential brokerage, mortgage, title, and SaaS offerings through its proprietary cloud-based software, intelliAgent [6].

Core Insights - Fathom Holdings, Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings, inviting investors to a webinar on March 13, 2025 [1] - The company operates a flat-fee commission model and has a growing network of over 14,300 agents across 43 states, positioning itself to benefit from an improving housing market [2] Company Overview - Fathom Holdings leverages its proprietary cloud-based software, intelliAgent, to enhance operational efficiency and scalability [4] - The company has made strategic acquisitions, including the integration of My Home Group, which is expected to contribute to significant revenue growth in 2025 [2] Webinar Details - The upcoming webinar will feature Fathom's CEO, Marco Fregenal, and will include a live Q&A session for attendees [3]

Core Viewpoint - Fathom Holdings Inc. will hold a conference call to discuss its financial results for Q4 and the full year ended December 31, 2025, on March 12, 2025 [1] Group 1: Conference Call Details - The conference call is scheduled for March 12, 2025, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) [2] - A live audio webcast will be available in listen-only mode and for replay on the company's investor relations website [2] Group 2: Company Overview - Fathom Holdings Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings [3] - The company utilizes its proprietary cloud-based software, intelliAgent, and operates several brands including Fathom Realty, Encompass Lending, and Verus Title [3]

Core Viewpoint - Fathom Nickel Inc. has successfully closed its non-brokered offering of flow-through and non-flow-through units, raising a total of $398,025, and is planning a new offering due to sluggish capital markets [1][4][7]. Financing Details - The company issued 8,550,000 flow-through common share units at $0.04 each for gross proceeds of $342,000 and 1,600,714 non-flow-through units at $0.035 each for gross proceeds of $56,025, totaling $398,025 [1][4]. - Each non-flow-through unit consists of one common share and one-half of a transferable warrant, while each flow-through unit consists of one common share issued on a flow-through basis and one-half of a warrant [2]. - The gross proceeds from the flow-through portion will be used for eligible Canadian exploration expenses related to the Albert Lake and Gochager Lake projects [4]. New Offering Announcement - Fathom plans to issue up to 23,500,000 new non-flow-through units at $0.03 each for gross proceeds of $705,000, with each unit comprising one common share and one warrant [7]. - The new warrants will have an exercise price of $0.05 and include an accelerator clause that allows the company to force warrant holders to exercise if the share price exceeds $0.15 for 20 consecutive trading days [8]. Project Participation - Fathom will present its Gochager Lake project drill core at the PDAC Core Shack on March 4th and 5th, 2025, inviting attendees to visit their booth for discussions on exploration plans [11]. Company Overview - Fathom Nickel Inc. is focused on exploring magmatic nickel sulphide deposits to support the growing electric vehicle market and secure North American critical minerals [13]. - The company has three exploration projects in Saskatchewan: the Albert Lake Project, the Gochager Lake Project, and the Friesen Lake Project, with significant historical production and resource estimates [14].

Core Insights - Fathom Nickel Inc. has been invited to present drill core from the Gochager Lake project at the PDAC Core Shack on March 4th and 5th, 2025, encouraging attendees to visit booth 3113B to view drill core GL23003 and discuss future exploration plans [1] - The company focuses on exploring magmatic nickel sulphide deposits to secure North American Critical Minerals and support the growing global electric vehicle market [2] Company Overview - Fathom Nickel Inc. is an exploration company targeting magmatic nickel sulphide discoveries [2]

Core Insights - Fathom Holdings, Inc. is advancing its integration of My Home Group, which is expected to contribute over $110 million in revenue for 2025 [1][9] - The company has approved the inclusion of Bitcoin as a key asset in its treasury management program, aligning with its strategy to enable Bitcoin payments for agents and customers [1][3] - Fathom plans to allocate up to 50% of its excess cash towards Bitcoin purchases, with an initial plan to buy up to $500,000 in Bitcoin or Bitcoin ETFs in the next two weeks [2][4] Financial Performance - For Q4 2024, Fathom estimates revenues between $89.7 million and $91.7 million, reflecting a 7% to 10% increase from Q3 2024 and a 21% to 24% increase from Q4 2023 [10] - Total gross profit for Q4 2024 is expected to rise by 28% to 30% compared to the same period last year [11] - The company anticipates a GAAP net loss of between $7.3 million and $7.4 million for Q4 2024, an improvement from a net loss of $8.4 million in Q4 2023 [11] Operational Highlights - The agent count increased by 23% to approximately 14,500 as of December 31, 2024, compared to approximately 11,700 agents a year earlier [13] - Brokerage transaction count for Q4 2024 rose by approximately 16.5% compared to Q4 2023 [13] - The integration of My Home Group is progressing as planned, enhancing Fathom's national footprint and agent network [9]