Fathom reports Q4 EPS (50c), consensus (32c)

Reports Q4 revenue $74.1M, consensus $80.97M. “Throughout the year we remained focused on our growth strategy and took meaningful steps to better position Fathom for profitable growth in 2024,” said CEO Marco Fregenal. “While the residential real estate industry remains challenging, we firmly believe that our future remains bright and by continuing to grow our agent base and optimize our cost structure, we are positioning Fathom for continued success as the industry rebounds. We believe we’ll continue to attract high quality agent teams and brokerages going forward as our agent value proposition remains compelling in the current environment and our pipeline of opportunities remains robust. We’re also seeing the benefits from the cost-reduction measures we’ve implemented and the new agent commission structure we announced last year, giving us increased confidence in our growth strategy and path to profitability.”