With 10,628 agents on board as of March 31, Fathom grew by 258 agents in the first 3 months of the year but posted a $5.7M Q1 net loss, according to a Q1 earnings call Wednesday
Fathom Holdings will pay at least 8% interest on a convertible note company executives say will provide more flexibility as they seek 'cash flow profitability' by Q3
In reporting a $9.9M Q4 loss Wednesday, Fathom executives reassured investors that they see a path to profitability without saying exactly when that might happen
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Get efficient, remove distractions and innovate, @properties CEO Thad Wong, Fathom Holdings CEO Josh Harley and Sotheby's International Realty President Kamini Lane said at Connect
The real estate services platform and residential brokerage saw quarterly revenue grow 81% from a year ago, to $90.1M, as Fathom Realty added more than 3,000 agents in Q1
Fathom Realty grew its agent headcount by 48% last year, to 8,100 agents, and those agents completed 10,800 transactions during the last 3 months of the year, according to Q4 earnings
The end-to-end platform got into the mortgage business last year with the acquisition of Encompass Lending Group
Company looking to buy smaller real estate brokerages in new or smaller geographic markets
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The company pulled in $84.2 million between April and June, nearly all of it from its real estate brokerage services
This most recent acquisition furthers the company's promise to 'quickly and strategically enter all 50 states' after going public last year, according to CEO Joshua Harley
The company, which went public last year, pulled in $49.6 million between January and March — a 72 percent increase year over year
Fathom Holdings has purchased E4:9 Holdings and its three mortgage, insurance and lead generation subsidiaries for $26.75M
Fathom Holdings CEO Josh Harley said the acquisition is an integral part of the company's profitability and national portal plans