Fathom Holdings Reports Fourth Quarter and Full Year 2024 Results

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$91.7 million, up from $74.1 million in Q4 2023, with brokerage revenue increasing by 26.3$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$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]