Fathom Holdings Q3 revenue $93.5M (-16% YoY); net loss improves to $5.5M; targets Adj. EBITDA positive in Q1 2024

Fathom Holdings Inc.

2023-Q3 EPS reported -$0.97 revenue$271,154,000

Total revenue $93.5M, down 16% YoY; GAAP net loss $5.5M ($0.34/sh) vs loss of $6.0M ($0.38/sh) prior year.
Adjusted EBITDA loss narrowed to $253K from $2.3M; targets positive Adj. EBITDA in Q1 2024.
Agent network grew 13% to 11,333 licenses vs industry decline of 1.6%; transactions down 14.7% vs industry >20%.
Cost savings of ~$1.2M/quarter from management salary reductions; G&A expense $9.8M (10.5% of revenue).
No Q4 guidance due to macro uncertainty; long-term target Adj. EBITDA >$40M/yr at 100k-110k transactions.

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 0.9

Fathom Holdings Inc. reported financial results for the quarter ended September 30, 2023.

Period: the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 8, 2023, Fathom Holdings Inc. issued a press release announcing its financial results for the quarter ended September 30, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Fathom Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-115740

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