Fathom Holdings Q1 revenue $77.5M, beats outlook; reiterates Q2 adjusted EBITDA breakeven

Fathom Holdings Inc.

2023-Q1 EPS reported -$0.36 revenue$77,541,000

Revenue $77.5M (down 14% YoY) vs outlook; net loss $5.7M ($0.36 loss per share) in Q1 2023.
Agent network grew 18% YoY to ~10,628 agents; transactions fell 15% vs market decline of 25%.
Adjusted EBITDA loss improved to $1.4M from $2.1M loss in Q1 2022.
Reiterates Q2 2023 Adjusted EBITDA breakeven and Q3 2023 cash flow breakeven; Q2 rev guide $88-90M.
Completed $3.5M convertible note private placement in April 2023 to add operating liquidity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Fathom Holdings Inc. reported first quarter ended March 31, 2023 results: revenue $77.5 million.

Period: first quarter ended March 31, 2023
Revenue: $77.5 million
Result: reported results

Exact text from the filing

quarter, Fathom only saw a decrease of 15%, completing approximately 8,532 transactions for the 2023 first quarter. Total revenue decreased 14% for the 2023 first quarter to $77.5 million, from $90.1 million for 2022’s first quarter. Segment revenue for the 2023 first quarter, compared with the 2022 first quarter was as follows: Three Months March 31, (Revenue $

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Fathom Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-058448

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