Fathom Holdings Inc. (FTHM) · 10+ Years of Financial statements

Income Statement	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	77	111	177	330	413	345
+ Sales & Services Revenue	77	111	177	330	413	345
- Cost of Revenue	73	105	166	301	372	308
+ Cost of Goods & Services	73	105	166	301	372	308
Gross Profit	4	6	10	30	41	37
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	5	10	12	46	67	60
+ Selling, General & Admin	5	10	11	35	48	42
+ Research & Development	- -	- -	- -	4	8	8
+ Other Operating Expense	- -	- -	- -	7	11	11
Operating Income (Loss)	-2	-4	-1	-16	-27	-23
- Non-Operating (Income) Loss	- -	- -	- -	- -	1	1
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	1	1
Pretax Income	-2	-4	-1	-16	-28	-24
- Income Tax Expense (Benefit)	- -	- -	- -	-3	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-2	-4	-1	-12	-28	-24
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-2	-4	-1	-12	-28	-24
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-2	-4	-1	-12	-28	-24
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-2	-4	-1	-12	-28	-24
Basic Weighted Avg Shares	14	10	11	14	16	16
Basic EPS, GAAP	-0.12	-0.41	-0.12	-0.88	-1.73	-1.47
Basic EPS from Cont Ops	-0.12	-0.41	-0.12	-0.88	-1.73	-1.47
Diluted Weighted Avg Shares	14	10	11	14	16	16
Diluted EPS, GAAP	-0.12	-0.41	-0.12	-0.88	-1.73	-1.47
Diluted EPS from Cont Ops	-0.12	-0.41	-0.12	-0.88	-1.73	-1.47
EBITDA	-1	-4	-1	-13	-21	-17
EBITDA Margin (%)	-1.93	-3.53	-0.63	-4.04	-5.19	-5.01
EBITA	-2	-4	-1	-16	-27	-23
EBIT	-2	-4	-1	-16	-27	-23
Gross Margin (%)	5	5.35	5.91	9	9.86	10.76
Operating Margin (%)	-1.96	-3.59	-0.72	-4.88	-6.48	-6.74
Profit Margin (%)	-2.15	-3.68	-0.76	-3.78	-6.69	-6.95
Sales per Employee	- -	- -	4,652,211	1,353,402	1,480,158	1,432,473
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	3	5	6

Balance Sheet	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	4	2	33	54	19	23
+ Cash, Cash Equivalents & STI	1	1	29	38	8	7
+ Cash & Cash Equivalents	1	1	29	38	8	7
+ ST Investments	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	2	1	2	14	7	12
+ Accounts Receivable, Net	2	1	2	4	3	3
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	10	4	9
+ Other Receivable, Net	1	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	3	3	4	4
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	1	2	50	61	56
+ Property, Plant & Equip, Net	- -	- -	1	6	8	6
+ Property, Plant & Equip	- -	- -	1	6	9	8
- Accumulated Depreciation	- -	- -	- -	- -	1	1
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	2	45	53	50
+ Total Intangible Assets	- -	- -	2	45	53	50
+ Goodwill	- -	- -	1	21	26	26
+ Other Intangible Assets	- -	- -	1	24	27	24
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -
Total Assets	4	2	35	105	80	79
+ Payables & Accruals	2	2	3	8	5	5
+ Accounts Payable	1	1	3	5	3	3
+ Accrued Taxes	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	2	1	- -	3	1	1
+ ST Debt	- -	- -	- -	11	6	10
+ ST Borrowings	- -	- -	- -	10	4	9
+ ST Finance Leases	- -	- -	- -	1	2	2
+ Other ST Liabilities	1	1	1	2	2	1
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	1	2	2	1
Total Current Liabilities	3	3	5	21	12	16
+ LT Debt	1	1	1	4	5	7
+ LT Borrowings	1	1	- -	- -	- -	3
+ LT Finance Leases	- -	- -	- -	4	5	4
+ Other LT Liabilities	- -	- -	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	1	1	1	4	6	8
Total Liabilities	4	4	6	25	18	24
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	2	5	37	100	110	127
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	2	5	37	100	110	127
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-2	-6	-7	-20	-48	-72
+ Other Equity	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	- -	-1	30	80	62	55
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	- -	-1	30	80	62	55
Total Liabilities & Equity	4	2	35	105	80	79
Shares Outstanding	14	10	14	17	17	21
Capital Leases - Total	- -	- -	- -	4	7	5
Net Debt	- -	- -	-28	-27	-4	5
Net Debt to Equity	-189.43	-3.73	-94.56	-34.03	-6.53	8.76
Tangible Common Equity Ratio	1.75	-80.19	83.36	58.8	33.51	19.23
Current Ratio	1.17	0.56	6.58	2.58	1.51	1.42
Cash Conversion Cycle	- -	1.01	-1.56	-1.72	-1.12	-0.59
Number of Employees	- -	- -	38	244	279	241

Cash Flow Statement	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-2	-4	-1	-12	-28	-24
+ Depreciation & Amortization	- -	- -	- -	3	5	6
+ Non-Cash Items	- -	2	1	178	267	164
+ Stock-Based Compensation	- -	2	1	4	9	13
+ Deferred Income Taxes	- -	- -	- -	-3	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	177	258	151
+ Chg in Non-Cash Work Cap	1	1	-1	-180	-252	-157
+ (Inc) Dec in Accts Receiv	- -	1	-1	-181	-246	-155
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	-1	-1	-1	- -
+ Inc (Dec) in Accts Payable	1	- -	1	3	-3	- -
+ Inc (Dec) in Other	- -	- -	1	-1	-2	-2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-1	-1	-1	-12	-7	-11
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	-3	-4	-2
+ Acq of Fixed Prod Assets	- -	- -	- -	-1	-1	- -
+ Acq of Intangible Assets	- -	- -	- -	-3	-3	-2
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	-11	-2	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	-11	-2	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	-1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	-1	-15	-7	-2
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	2	-10	8
+ Cash From Debt	- -	- -	- -	3	212	154
+ Repayments of Debt	- -	- -	-1	-1	-222	-146
+ Cash (Repurchase) of Equity	2	1	34	35	-6	5
+ Increase in Capital Stock	2	1	34	35	- -	5
+ Decrease in Capital Stock	- -	- -	- -	- -	-6	- -
+ Other Financing Activities	- -	- -	-3	-2	- -	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	2	1	31	35	-16	12
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	1	- -	29	8	-30	-1
Capital Expenditures	- -	- -	- -	-3	-4	-2
EBITDA	-1	-4	-1	-13	-21	-17
EBITDA Margin (%)	-1.93	-3.53	-0.63	-4.04	-5.19	-5.01
Net Cash Paid for Acquisitions	- -	- -	- -	11	2	- -
Free Cash Flow	-1	-1	-2	-15	-11	-12
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-1	-1	-11	-18	-2
Free Cash Flow per Basic Share	-0.05	-0.15	-0.15	-1.06	-0.66	-0.76
Price/Free Cash Flow	- -	- -	-583.05	-36.34	-27.81	-6.94
Cash Flow to Net Income	0.41	0.27	0.91	0.94	0.24	0.44

Fathom Holdings Inc.

FTHM US

1.49

1.49