earnings
confidence high
sentiment neutral
materiality 0.75
Fathom Holdings Q3 2024 revenue down 10% to $83.7M; net loss $8.1M; acquired My Home Group
Fathom Holdings Inc.
2024-Q3 EPS reported
-$0.78
revenue$243,443,000
- Revenue $83.7M, down 10% YoY; transactions fell 9% to 9,331 due to high prices and rate uncertainty.
- GAAP net loss $8.1M ($0.40/share) vs $5.5M loss a year ago; includes $3M NAR settlement contingency.
- Agent network grew 9% to ~12,383 licenses; acquired My Home Group (2,200+ agents) on Nov 1, expanding in AZ and WA.
- Introduced Fathom Max and Fathom Share commission plans; Q4 guidance withheld pending model assessment.
- Adjusted EBITDA loss widened to $1.4M from $0.3M; issued $5M senior secured convertible notes to existing shareholder.