Fathom Holdings, Inc. (FTHM) Q3 2024 Earnings Call Transcript Summary
Fathom Holdings, Inc. (FTHM) Q3 2024 Earnings Call Transcript Summary
GAAP net loss for the third quarter of 2024 was $8.1 million, an increase from a loss of $5.5 million in Q3 2023.The following is a summary of the Fathom Holdings, Inc. (FTHM) Q3 2024 Earnings Call Transcript:
以下是Fathom Holdings, Inc. (FTHM) 2024年第三季度業績會成績單摘要：
Financial Performance:
財務表現:
Total revenue for Q3 2024 was $83.7 million, a decrease of about 10% from $93.5 million in Q3 2023.
Adjusted EBITDA for Q3 2024 reported a loss of $1.4 million compared to a loss of $250,000 in Q3 2023.
GAAP net loss for the third quarter of 2024 was $8.1 million, an increase from a loss of $5.5 million in Q3 2023.
2024年第三季度總營業收入爲8370萬美元，比2023年第三季度的9350萬美元減少約10%。
2024年第三季度調整後的EBITDA報告虧損140萬美元，而2023年第三季度虧損25萬美元。
2024年第三季度GAAP淨虧損爲810萬美元，比2023年第三季度的550萬美元增加。
Business Progress:
業務進展:
Fathom Holdings announced the acquisition of My Home Group, a move that significantly expands their national footprint and strengthens their presence in the Arizona market with over 2,200 new agents.
Launched operations in New York aiming for presence in all 50 states by the end of 2025.
Introduced new revenue-sharing commission plans, Fathom Max and Fathom Share, designed to enhance agent recruitment and retention.
Fathom Holdings宣佈收購My Home Group，這一舉動顯著擴大了他們的國家版圖，並加強了他們在亞利桑那市場的存在，增加了超過2200名新代理商。
在紐約市開展業務，旨在到2025年底在所有50個州擁有業務。
推出了旨在增強代理商招募和留用的全新營業收入分成佣金計劃，Fathom Max和Fathom Share。
Opportunities:
機會：
With the acquisition of My Home Group, Fathom Holdings anticipates an addition of approximately $100 million in annual revenues in 2025 and significant EBITDA contribution.
Plans to capitalize on Arizona's growing housing market through cross-selling mortgage and title services.
Expanded operations into New York with plans for nationwide coverage by 2025 could capitalize on market expansion.
通過收購My Home Group，Fathom Holdings預計2025年年營業收入將增加約10000萬美元，並有重大EBITDA貢獻。
計劃通過交叉銷售抵押貸款和產權服務，從亞利桑那日益增長的房地產市場中獲利。
擴大至紐約的業務，並計劃到2025年實現全國覆蓋，將利用市場擴張。
Risks:
風險：
The ongoing economic uncertainty and fluctuating mortgage rates continue to impact real estate transactions and profitability.
The recent cuts in interest rates could have unforeseeable impacts on transaction volumes and financial stability.
Possible contingent liabilities from litigation settlement although not expected to impact operational or financial health.
持續存在的經濟不確定性和波動的抵押貸款利率繼續影響房地產交易和盈利能力。
最近利率期貨的下調可能對交易量和金融穩定性產生不可預見的影響。
雖然不會影響運營或財務健康，但訴訟和解可能存在潛在的附帶責任。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
