secwatch.observer — SEC 8-K summary
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Issuer:     Fathom Holdings Inc. (FTHM)
CIK:        0001753162
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001104659-23-115740
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753162/000110465923115740/0001104659-23-115740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753162/000110465923115740/tm2330126d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-115740

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