secwatch.observer — SEC 8-K summary
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Issuer:     Fathom Holdings Inc. (FTHM)
CIK:        0001753162
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001628280-24-036770
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753162/000162828024036770/0001628280-24-036770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753162/000162828024036770/fthm-20240812.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-036770

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