secwatch.observer — SEC 8-K summary
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Issuer:     Fathom Holdings Inc. (FTHM)
CIK:        0001753162
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001104659-24-059378
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fathom Holdings Q1 revenue down 9% to $70.5M, net loss $5.9M; targets positive EBITDA in Q2
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- Revenue $70.5M (-9% YoY); GAAP net loss $5.9M ($0.31/sh) vs. $5.7M loss prior year.
- Gross margin improved to 10.3% from 8.7%; Adjusted EBITDA loss $1.5M (relatively flat YoY).
- Agent count up 12.8% to ~11,986 licenses; transactions down 9.7% to 7,703.
- Q2 2024 guidance: revenue $86-89M, Adjusted EBITDA $200K-$500K (first positive quarter).
- Sold Dagley Insurance Agency for $15M cash ($8M at close, $7M over 24 months) to strengthen balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753162/000110465924059378/0001104659-24-059378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753162/000110465924059378/tm2413420d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059378

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer