Fathom Q4 revenue $74.1M (-11.2% YoY); net loss narrows to $8.4M; agent base up 13.7%

Fathom Holdings Inc.

Q4 revenue $74.1M (-11.2% YoY); net loss $8.4M ($0.50 per share) vs $9.9M loss ($0.63) in Q4 2022.
FY 2023 revenue $345.2M (-16.4% vs $412.9M in 2022); net loss $24.0M ($1.47 per share) vs $27.6M ($1.73).
Agent base grew 13.7% to ~11,795; Q4 transactions fell 11% vs industry decline of 13.8%.
Q4 Adjusted EBITDA loss improved to $2.9M from $5.9M; FY loss $4.1M vs $12.2M in 2022.
No near-term guidance issued; targets positive Adjusted EBITDA for full-year 2024 with $40M+ potential at 100k-110k transactions.

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 full year 2023 results: revenue $345.2 million, net income $24.0 million, EPS $1.47 per share.

Period: full year 2023
Revenue: $345.2 million
Net income: $24.0 million
EPS: $1.47 per share
Result: reported results

Exact text from the filing

relative to the prior year. In comparison, transaction volume for the overall industry fell 19% in full year 2023 compared to 2022. Total revenue for 2023 decreased by 16.4% to $345.2 million, from $412.9 million for 2022. For the year brokerage revenues declined by 16.7% and ancillary revenues declined by 11.3%. Overall revenues are lower in 2023 compared to 2022 due

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fathom Holdings Inc. reported the 2023 fourth quarter results: revenue $74.1 million, net income $8.4 million, EPS $0.50 per share.

Period: the 2023 fourth quarter
Revenue: $74.1 million
Net income: $8.4 million
EPS: $0.50 per share
Result: reported results

Exact text from the filing

in transactions is due to its continued strategic recruiting efforts and service commitment to its agents. Fathom’s total revenue decreased 11.2 % for the 2023 fourth quarter to $74.1 million, from $83.4 million for the 2022 fourth quarter. Brokerage revenue decreased 12.8% in the 2023 fourth quarter primarily due to the decline in brokerage transactions, however,

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Source: SEC EDGAR

accession 0001104659-24-034516

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