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CARY, N.C. - Fathom Holdings Inc. (NASDAQ:FTHM), a technology-driven real estate services platform currently valued at $37.8 million and showing recent momentum with a 17% gain last week, announced Monday a strategic partnership to expand its presence in Arizona through a licensing agreement with local real estate veterans Jeff Hawke, Joel Moyes, and Patrick Lewis. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment.
The partnership allows the trio to provide Fathom’s "intelliAgent" platform and "Elevate" program throughout Arizona under the name Fathom Realty Elite, according to a company press release.
Arizona represents a significant market with approximately 90,000 real estate licensees, the company noted. The three partners bring a combined 81 years of commercial and residential real estate experience. While Fathom’s revenue grew 5.8% in the last twelve months to $357.8 million, InvestingPro data reveals analysts expect accelerated sales growth this year.
"We believe this will be the first of many such agreements, as independent brokerages increasingly look to elevate their operations by introducing cutting-edge technology and a robust nationwide network," said Marco Fregenal, CEO of Fathom Holdings.
Jeff Hawke, one of the partners, expressed enthusiasm about leveraging Fathom’s technology platform, describing it as "the most technologically advanced, user-friendly real estate platform in existence today."
The licensing arrangement aligns with Fathom’s strategy to expand its technology platform while partnering with established local leadership in key markets.
Fathom Holdings operates as a technology-driven real estate services platform that integrates residential and commercial brokerage, mortgage, title, and software offerings through its proprietary cloud-based software.
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