Fathom Expects Q2 Total Revenue Of $86M-$89M, Est $107.64M
Portfolio Pulse from Benzinga Newsdesk
Fathom forecasts Q2 total revenue to be between $86M-$89M, falling short of the estimated $107.64M. The company also reiterated its belief in generating over $40M in Adjusted EBITDA annually at 100,000 to 110,000 transactions.
May 09, 2024 | 9:45 pm
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Fathom's Q2 revenue forecast significantly misses estimates, but the company remains optimistic about its EBITDA goals.
Missing revenue forecasts can negatively impact investor sentiment and stock price in the short term. However, the company's reiteration of its EBITDA goals suggests confidence in its long-term financial health, which might mitigate some negative impacts.
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