secwatch.observer — SEC 8-K summary
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Issuer:     Fathom Holdings Inc. (FTHM)
CIK:        0001753162
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-046317
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fathom Holdings Q3 2024 revenue down 10% to $83.7M; net loss $8.1M; acquired My Home Group
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753162/000162828024046317/0001628280-24-046317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753162/000162828024046317/fthm-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046317

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