Earnings Call Summary | Fathom(FTHM.US) Q1 2024 Earnings Conference
Earnings Call Summary | Fathom(FTHM.US) Q1 2024 Earnings Conference
The following is a summary of the Fathom Holdings Inc. (FTHM) Q1 2024 Earnings Call Transcript:
以下是Fathom Holdings Inc.（FTHM）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Fathom Holdings reported a Q1 2024 revenue decrease of 9% to $70.5 million, due to a 9.7% decrease in real estate transactions caused by high-interest rates.
The company saw a significant gross profit margin improvement from 8.7% in Q1 2023 to 10.3% in Q1 2024, with ancillary businesses expected to boost this trend.
The operational cash burn was reduced from $40 million in Q4 2023 to $974,000 in Q1 2024, marking progress towards positive operational cash flow.
Further improvement is expected in Q2 with a projected EBITDA between $200,000 and $500,000.
Fathom Holdings報告稱，由於高利率導致房地產交易下降9.7％，2024年第一季度收入下降了9％，至7,050萬美元。
該公司的毛利率從2023年第一季度的8.7％顯著提高到2024年第一季度的10.3％，輔助業務預計將推動這一趨勢。
運營現金消耗從2023年第四季度的4000萬美元減少到2024年第一季度的97.4萬美元，這標誌着運營現金流向正的進展。
預計第二季度將進一步改善，預計息稅折舊攤銷前利潤在20萬至50萬美元之間。
Business Progress:
業務進展：
Fathom Holdings completed its 2024 key goal of enhancing its balance sheet by selling Dagley Insurance Agency, allowing for agent growth strategy advancement.
Despite Q1 challenges, the agent network saw a 13% year-over-year growth.
Combined revenue growth of 55% and 9.5% was observed from ancillary businesses, Encompass Lending Group, and Verus Title, respectively, increasing demand in the Latino segment.
First Verus Title joint venture, Verus Title Elite, was established with optimistic results, and positive EBITDA is anticipated for Verus Title in Q2 2024.
The firm plans to restore its annual agent growth to 20%-25%, become a top brand in each served market, and function in all 50 states by the year's end.
Fathom Holdings通過出售達格利保險機構完成了其2024年的關鍵目標，即通過出售達格利保險機構來改善資產負債表，從而推動代理增長戰略的推進。
儘管第一季度面臨挑戰，但代理網絡的同比增長了13％。
輔助業務Encomass Lending Group和Verus Title的總收入分別增長了55％和9.5％，這增加了拉丁裔細分市場的需求。
Verus Title的第一家合資企業Verus Title Elite成立，業績樂觀，預計2024年第二季度Verus Title的息稅折舊攤銷前利潤將爲正數。
該公司計劃將其代理商的年增長率恢復到20％-25％，成爲每個服務市場的頂級品牌，並在年底之前在所有50個州開展業務。
More details: Fathom IR
更多詳情： Fathom IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。