CEO Marco Fregenal says company will use proceeds to 'invest in sales and marketing initiatives, pursue strategic opportunities that enhance our platform and support ongoing operations'
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
The real estate brokerage and tech platform is accelerating cost cutting after posting a $6M third-quarter loss, with revenue up 10.2% to $111.3M and agent count up 33% to 9,991
Former FathomRealty executive Grady Ligon has joined the company, bringing more than 20 years of experience in financial and brokerage technology
Revenue was up 80%, real estate transactions were up 42% and agent count grew by 50% at the end-to-end services platform
Opinion
Innovation happens in small spaces. Most agents don't realize that as they become more and more entrenched in their CRM, their tech is becoming ripe for acquisition