Fathom targets long-term adjusted EBITDA per year exceeding $40M

Without giving a timeline for reaching this target, the company reiterated that it believes it can generate Adjusted EBITDA exceeding $40M per year at 100,000 to 110,000 transactions per year. Given the continued uncertainty in the macro environment, the company will not be providing guidance for the fourth quarter ending December 31, 2023 and will revisit guidance expectations next quarter.