Fathom Holdings Q2 2024 revenue $89.2M (-11% YoY); positive Adjusted EBITDA first since Q2 2023

Fathom Holdings Inc.

2024-Q2 EPS reported -$0.37 revenue$159,710,000

GAAP net loss narrowed to $1.3M ($0.07 EPS) vs $4.3M ($0.27) a year ago; Adjusted EBITDA +$0.2M.
Agent network grew 12% to ~12,224 licenses; transactions fell 8% to ~10,137 on high mortgage rates.
Sold Dagley Insurance Agency for ~$15M cash ($7.8M at close) in May 2024, boosting balance sheet.
Introduced two new agent commission plans (Fathom Max and Fathom Share) in August 2024 to drive recruitment.
Withholding Q3 2024 guidance to assess impact of new revenue share models; plans to re-evaluate in Q4.

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