Fathom Realty(FTHM)

Search documents
Fathom Nickel unveils major expansion of geochemical footprint at Gochager Lake - ICYMI
Proactiveinvestors NA· 2024-08-30 19:45
Fathom Nickel Inc (CSE:FNI, OTCQB:FNICF) this week announced that it has expanded the footprint of its Gochager Lake nickel-copper-cobalt project by 12.5 times the original size through strategic soil and rock sampling. CEO Ian Fraser joined Proactive to discuss the achievement, highlighting that this discovery hints at a much larger mineralization zone than previously thought. Proactive: There is news out from the company talking about expanding the footprint at Gochager Lake. You've done some soil and roc ...
Fathom Nickel hails major discovery potential at Gochager Lake after expanding deposit footprint
Proactiveinvestors NA· 2024-08-26 13:31
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...
Fathom Extends Geochemical Footprint of the Historic Gochager Lake Deposit Area by up to 25 Times
Newsfile· 2024-08-26 12:10
. . Fathom Extends Geochemical Footprint of the Historic Gochager Lake Deposit Area by up to 25 Times August 26, 2024 8:10 AM EDT | Source: Fathom Nickel Inc. Calgary, Alberta--(Newsfile Corp. - August 26, 2024) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to provide final results from the extremely successful June soil and rock geochemistry program completed at the Company's 22,000+ ha Gochager Lake Property (see Press Release July 18, 2024). In overview, ...
GND Media Group, in Association with Pure Flix and Fathom, Reveal Official Trailer for AVERAGE JOE
Prnewswire· 2024-08-20 16:30
Exclusively in Theaters Beginning October 11, 2024 TICKETS ON SALE NOW NASHVILLE, Tenn., Aug. 20, 2024 /PRNewswire/ -- GND Media Group, in association with Pure Flix and Fathom, are releasing the official trailer today for AVERAGE JOE as they gear up to launch the film in theaters nationwide beginning October 11. Starring Eric Close ("Nashville," AMERICAN SNIPER, "Suits") and Amy Acker (ORDINARY ANGELS, "Person of Interest," "Alias"), and directed by Emmy Award-winning Harold Cronk (GOD'S NOT DEAD, UNBROKEN ...
Fathom Realty(FTHM) - 2024 Q2 - Quarterly Report
2024-08-13 21:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended June 30, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from______to______ Commission File Number 001-39412 FATHOM HOLDINGS INC. (Exact name of Registrant as specified in its Charter) North Carolina 82-1518164 (State ...
Fathom Realty(FTHM) - 2024 Q2 - Earnings Call Transcript
2024-08-12 23:16
Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $89.2 million, a decrease of 10.9% from $100.1 million in Q2 2023 [11][18] - Adjusted EBITDA for Q2 2024 was $189,000, down from $500,000 in Q2 2023 [11][21] - GAAP net loss for Q2 2024 was $1.3 million or $0.07 per share, an improvement from a net loss of $4.3 million or $0.27 per share in Q2 2023 [21] Business Line Data and Key Metrics Changes - Real estate division revenue was approximately $83.1 million in Q2 2024, a 12% decline from the same period last year [22] - Mortgage revenue grew 85% to $3.7 million in Q2 2024 compared to $2 million in Q2 2023 [24] - Verus Title revenues reached $1.1 million, a 10% increase from Q2 2023 [25] Market Data and Key Metrics Changes - The second quarter of 2024 saw mortgage interest rates decrease to about 6.5%, potentially bringing buyers back to the market [16] - Over 20% of all listings experienced price reductions, with median home prices decreasing by 3% to 5% in states like Texas, Florida, and Colorado [16] Company Strategy and Development Direction - The company is launching two new commission plans, Fathom Max and Fathom Share, aimed at boosting agent recruitment and retention [6][10] - The strategic focus is on sustainable growth and enhancing the agent experience through innovative revenue share models [9][12] - The company aims to achieve agent growth of at least 30% while enhancing its balance sheet and achieving positive EBITDA [10][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges in the real estate market but remains optimistic about the potential for recovery and growth through agent recruitment [30][32] - The company is focused on building its agent network and believes that the new commission plans will attract more agents [32][36] - Management plans to reassess guidance for Q3 2024 based on the performance of the new revenue share models [27] Other Important Information - The company sold its insurance business for approximately $15 million, significantly strengthening its balance sheet [24][27] - The mortgage division achieved positive EBITDA for the first time, indicating improved profitability across business segments [14][24] Q&A Session Summary Question: What degree of a housing recovery is needed for positive free cash flow? - Management is building plans without relying on a housing recovery and focuses on increasing the number of agents to achieve positive cash flow [30][31] Question: What motivated the switch to new commission plans? - The decision was based on feedback from agents and small brokerages expressing interest in revenue share programs [33][34] Question: How will the new plans impact gross profits? - The combination of attracting more agents and higher-producing agents is expected to increase gross profit margins [37][39] Question: What gives confidence in achieving 30% agent growth? - Confidence stems from ongoing discussions with potential agents and brokerages interested in the new revenue share models [44]
Fathom Holdings (FTHM) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2024-08-12 22:15
Fathom Holdings (FTHM) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post a loss of $0.24 per share when it actually produced a loss of $0.31, delivering a surprise of -29.17%. Over the last four quarters, the company has surpa ...
Fathom Realty(FTHM) - 2024 Q2 - Quarterly Results
2024-08-12 20:11
Exhibit 99.1 Fathom Holdings Reports Second Quarter 2024 Results – Fathom's Real Estate Agent Network Grew 12% to ~12,224 Agent Licenses; Aiming to Return to 30% Agent Growth in Coming Quarters CARY, NC, August 12, 2024 – Fathom Holdings Inc. (Nasdaq: FTHM) ("Fathom" or the "Company"), a national, technologydriven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, and SaaS offerings for brokerages and agents, today reported financial results for the second quarter ...
Fathom Holdings Reports Second Quarter 2024 Results
Prnewswire· 2024-08-12 20:05
"In the last few months, we have made significant progress toward achieving our goals for this year," said Fathom Holdings CEO Marco Fregenal. "First, we achieved overall positive Adjusted EBITDA for the quarter, and more importantly, our real estate, mortgage, and title brands achieved positive Adjusted EBITDA. Second, we recently launched what we believe to be the most innovative revenue share program in the industry. Our mission has always been to empower Fathom agents to earn and retain more of their ha ...
Fathom Nickel has analysts bullish on its ‘highly prospective' Saskatchewan nickel projects
Proactiveinvestors NA· 2024-08-08 15:55
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...