Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive manufacturing, computer numerical control machining, injection molding and tooling, precision sheet metal fabrication, design engineering, urethane casting, and chemical etching. The company serves the technology, defense, aerospace, medical, automotive, and IOT sectors. The company was founded in 1984 and is headquartered in Hartland, Wisconsin.
IPO Year: 2021
Exchange: NYSE
Website: https://fathommfg.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/11/2022 | Overweight | JP Morgan | |
5/13/2022 | $7.00 | Neutral | BofA Securities |
2/18/2022 | $11.00 | Buy | Stifel |
1/24/2022 | $12.00 | Buy | Needham |
1/19/2022 | $11.00 | Buy | Craig-Hallum |
Fathom Digital Manufacturing Corp. (NYSE:FATH) ("Fathom" or the "Company"), an industry leader in on-demand digital manufacturing services, today announced that its Board of Directors has appointed Carey Chen as Chief Executive Officer of the Company. Mr. Chen will succeed Ryan Martin, effective immediately. Mr. Chen has served as a member of Fathom's Board of Directors since the Company became publicly listed in 2021 and served as a director of Fathom's predecessor companies dating back to 2019. He is a widely respected business leader with significant global manufacturing experience coupled with an extensive background in supporting companies across the industrials landscape. Prior to
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4 - Fathom Digital Manufacturing Corp (0001836176) (Issuer)
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JP Morgan initiated coverage of Fathom Digital Manufacturing with a rating of Overweight
BofA Securities initiated coverage of Fathom Digital Manufacturing with a rating of Neutral and set a new price target of $7.00
Stifel initiated coverage of Fathom Digital with a rating of Buy and set a new price target of $11.00
Needham initiated coverage of Fathom Digital with a rating of Buy and set a new price target of $12.00
Craig-Hallum initiated coverage of Fathom Digital with a rating of Buy and set a new price target of $11.00
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Third Quarter 2023 Highlights Revenue totaled $31.5 million Total orders were $29.0 million Net loss totaled $(8.6) million; Adjusted net loss1 was $(7.1) million Adjusted EBITDA1 totaled $3.1 million, representing an Adjusted EBITDA margin1 of 9.8% Year to Date 2023 Highlights Revenue totaled $100.9 million Total orders were $104.4 million Net loss totaled $(17.2) million; Adjusted net loss1 totaled $(18.3) million Adjusted EBITDA1 was $12.0 million, representing an Adjusted EBITDA margin1 of 11.9% Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced financial results for the third quar
Fathom Digital Manufacturing Corp. (NYSE:FATH) ("Fathom" or the "Company"), an industry leader in on-demand digital manufacturing services, today announced that it plans to issue financial results for the third quarter ended September 30, 2023 on Tuesday, November 14, 2023 before the open of market trading. Fathom will also hold a conference call the same day at 8:30 am Eastern Time. To participate in the conference call, please dial +1-833-470-1428 (US) or +1-404-975-4839 (international) and use the access code: 885151. The conference call will also be broadcast live over the Internet and include a slide presentation. To access the webcast and supporting materials, please visit the inves
Second Quarter 2023 Highlights Revenue totaled $34.5 million Total orders were $38.0 million Net loss totaled $(7.3) million; Adjusted net loss1 was $(5.7) million Adjusted EBITDA1 totaled $4.8 million, representing an Adjusted EBITDA margin1 of 14.0% First Half 2023 Highlights Revenue totaled $69.5 million Total orders were $72.6 million Net loss totaled $(8.6) million; adjusted net loss1 totaled $(11.2) million Adjusted EBITDA1 was $8.9 million, representing an Adjusted EBITDA margin1 of 12.8% Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced financial results for the second quarter
Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced that it plans to issue financial results for the second quarter ended June 30, 2023 on Monday, August 14, 2023 before the open of market trading. Fathom will also hold a conference call the same day at 8:30 am Eastern Time. To participate in the conference call, please dial +1-833-470-1428 (US) or +1-404-975-4839 (international) and use the access code: 900561. The conference call will also be broadcast live over the Internet and include a slide presentation. To access the webcast and supporting materials, please visit the investor relations section of Fathom's w
First Quarter 2023 Highlights Revenue totaled $35.0 million Total orders were $34.6 million Net loss totaled $(1.3) million; Adjusted net loss1 was $(5.5) million Adjusted EBITDA1 totaled $4.1 million, representing an Adjusted EBITDA margin1 of 11.7% Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced financial results for the first quarter ended March 31, 2023. Three Months Ended ($ in thousands) 3/31/2023 3/31/2022 Revenue $35,007 $40,541 Net income (loss) $(1,332) $18,999 Adjusted net income (loss)1 $(5,504)
Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced that it plans to issue financial results for the first quarter ended March 31, 2023 on Monday, May 15, 2023 before the open of market trading. Fathom will also hold a conference call the same day at 8:30 am Eastern Time. To participate in the conference call, please dial +1-833-470-1428 (US) or +1-833-950-0062 (international) and use the access code: 522761. The conference call will also be broadcast live over the Internet and include a slide presentation. To access the webcast and supporting materials, please visit the investor relations section of Fathom's webs
Fourth Quarter 2022 Highlights Revenue totaled $38.4 million Total orders were $36.8 million Net loss totaled $(114.9) million, which included a non-cash goodwill impairment charge of $123.0 million Adjusted net income1 was $1.7 million Adjusted EBITDA1 totaled $3.0 million, representing an Adjusted EBITDA margin1 of 7.9% Full Year 2022 Highlights Revenue increased 5.9% to $161.1 million Total orders were $160.6 million Net loss totaled $(1,109.2) million, which included a non-cash goodwill impairment charge of $1,189.5 million Adjusted net loss1 totaled $(0.9) million Adjusted EBITDA1 was $24.9 million, representing an Adjusted EBITDA margin1 of 15.5% Fathom Digi
Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced that it plans to issue financial results for the fourth quarter and full year ended December 31, 2022 on Friday, March 31, 2023 before the open of market trading. Fathom will also hold a conference call the same day at 8:30 am Eastern Time. To participate in the conference call, please dial +1-844-200-6205 (US) or +1-929-526-1599 (international) and use the access code: 105276. The conference call will also be broadcast live over the Internet and include a slide presentation. To access the webcast and supporting materials, please visit the investor relations secti
Third Quarter 2022 Highlights Revenue totaled $40.2 million Total orders were $40.3 million Net loss totaled $(1,046.1) million, which included a non-cash goodwill impairment charge of $1,066.6 million Adjusted net loss1 was $(1.8) million Adjusted EBITDA1 totaled $7.1 million, representing an Adjusted EBITDA margin1 of 17.5% Year-to-Date 2022 Highlights Revenue increased 13.8% to $122.7 million Total orders increased 3.4% to $123.8 million Net loss totaled $(994.3) million; adjusted net loss1 totaled $(2.5) million Adjusted EBITDA1 was $21.9 million, representing an Adjusted EBITDA margin1 of 17.8% Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in
Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced that it plans to issue financial results for the third quarter ended September 30, 2022 on Monday, November 14, 2022 before the open of market trading. Fathom will also hold a conference call the same day at 8:30 am Eastern Time. To participate on the conference call, please dial +1-844-200-6205 (US) or +1-929-526-1599 (international) and use the access code: 412487. The conference call will also be broadcast live over the Internet and include a slide presentation. To access the webcast and supporting materials, please visit the investor relations section of Fatho
Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced that it has received a non-binding proposal from CORE Industrial Partners, LLC on behalf of itself and its affiliated investment vehicles, (collectively, the "CORE Funds"), to acquire all of the Company's outstanding shares of Class A Common Stock and Class B Common Stock that they do not already own for $4.50 cash per share. The non-binding proposal states that as of November 22, 2023, the CORE Funds collectively owned shares of Class A Common Stock and Class B Common Stock representing approximately 63% of the Company's outstanding voting power. The board of di
Third Quarter 2023 Highlights Revenue totaled $31.5 million Total orders were $29.0 million Net loss totaled $(8.6) million; Adjusted net loss1 was $(7.1) million Adjusted EBITDA1 totaled $3.1 million, representing an Adjusted EBITDA margin1 of 9.8% Year to Date 2023 Highlights Revenue totaled $100.9 million Total orders were $104.4 million Net loss totaled $(17.2) million; Adjusted net loss1 totaled $(18.3) million Adjusted EBITDA1 was $12.0 million, representing an Adjusted EBITDA margin1 of 11.9% Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced financial results for the third quar
Fathom Digital Manufacturing Corp. (NYSE:FATH) ("Fathom" or the "Company"), an industry leader in on-demand digital manufacturing services, today announced that it plans to issue financial results for the third quarter ended September 30, 2023 on Tuesday, November 14, 2023 before the open of market trading. Fathom will also hold a conference call the same day at 8:30 am Eastern Time. To participate in the conference call, please dial +1-833-470-1428 (US) or +1-404-975-4839 (international) and use the access code: 885151. The conference call will also be broadcast live over the Internet and include a slide presentation. To access the webcast and supporting materials, please visit the inves
Fathom Digital Manufacturing Corp. (NYSE:FATH) ("Fathom" or the "Company"), an industry leader in on-demand digital manufacturing services, today announced that it has granted to Carey Chen inducement equity awards covering an aggregate of 256,426 shares of Fathom common stock as a material inducement for Mr. Chen to accept his appointment as Chief Executive Officer of Fathom. The equity awards, consisting of grants of 151,515 time-vesting restricted stock units ("RSUs") and 104,911 performance-vesting RSUs ("PSUs"), were approved by the independent members of the Company's Board of Directors ("Board") and are being made in reliance on the employment inducement exemption under the NYSE's
Fathom Digital Manufacturing Corp. (NYSE:FATH) ("Fathom" or the "Company"), an industry leader in on-demand digital manufacturing services, today announced that its Board of Directors has appointed Carey Chen as Chief Executive Officer of the Company. Mr. Chen will succeed Ryan Martin, effective immediately. Mr. Chen has served as a member of Fathom's Board of Directors since the Company became publicly listed in 2021 and served as a director of Fathom's predecessor companies dating back to 2019. He is a widely respected business leader with significant global manufacturing experience coupled with an extensive background in supporting companies across the industrials landscape. Prior to
Fathom Digital Manufacturing Corp. ("Fathom" or the "Company") (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced that its previously announced 1-for-20 reverse stock split of the Company's common stock, par value $0.0001 per share, and corresponding common stock adjustment became effective on September 28, 2023. The Company's Class A common stock is expected to begin trading on a split-adjusted basis on the New York Stock Exchange ("NYSE") when the markets open on September 29, 2023, under the existing trading symbol "FATH" and new CUSIP number: 31189Y202. As a result of the reverse stock split, every 20 shares of issued and outstanding common st
Fathom Digital Manufacturing Corp. ("Fathom" or the "Company") (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced its Board of Directors approved a 1-for-20 reverse stock split of the Company's common stock that will become effective after the close of market trading on September 28, 2023. The reverse stock split was approved by the Company's stockholders on July 11, 2023 at the Company's annual meeting of stockholders, with authorization to determine the final ratio having been granted to the Company's Board of Directors. At the effective time of the reverse stock split, every 20 shares of issued and outstanding common stock will be combined and
Second Quarter 2023 Highlights Revenue totaled $34.5 million Total orders were $38.0 million Net loss totaled $(7.3) million; Adjusted net loss1 was $(5.7) million Adjusted EBITDA1 totaled $4.8 million, representing an Adjusted EBITDA margin1 of 14.0% First Half 2023 Highlights Revenue totaled $69.5 million Total orders were $72.6 million Net loss totaled $(8.6) million; adjusted net loss1 totaled $(11.2) million Adjusted EBITDA1 was $8.9 million, representing an Adjusted EBITDA margin1 of 12.8% Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced financial results for the second quarter
Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced that it plans to issue financial results for the second quarter ended June 30, 2023 on Monday, August 14, 2023 before the open of market trading. Fathom will also hold a conference call the same day at 8:30 am Eastern Time. To participate in the conference call, please dial +1-833-470-1428 (US) or +1-404-975-4839 (international) and use the access code: 900561. The conference call will also be broadcast live over the Internet and include a slide presentation. To access the webcast and supporting materials, please visit the investor relations section of Fathom's w
First Quarter 2023 Highlights Revenue totaled $35.0 million Total orders were $34.6 million Net loss totaled $(1.3) million; Adjusted net loss1 was $(5.5) million Adjusted EBITDA1 totaled $4.1 million, representing an Adjusted EBITDA margin1 of 11.7% Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced financial results for the first quarter ended March 31, 2023. Three Months Ended ($ in thousands) 3/31/2023 3/31/2022 Revenue $35,007 $40,541 Net income (loss) $(1,332) $18,999 Adjusted net income (loss)1 $(5,504)
Needham analyst James Ricchiuti downgrades Fathom Digital Mfg (NYSE:FATH) from Buy to Hold.
-8-K
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Fathom Digital Manufacturing Corp. (NYSE:FATH), an industry leader in on-demand digital manufacturing services, today announced that it has received a non-binding proposal from CORE Industrial Partners, LLC on behalf of itself and its affiliated investment vehicles, (collectively, the "CORE Funds"), to acquire all of the Company's outstanding shares of Class A Common Stock and Class B Common Stock that they do not already own for $4.50 cash per share. The non-binding proposal states that as of November 22, 2023, the CORE Funds collectively owned shares of Class A Common Stock and Class B Common Stock representing approximately 63% of the Company's outstanding voting power.The board of direct
Gainers HireRight Holdings (NYSE:HRT) stock increased by 25.3% to $12.59 during Monday's regular session. As of 12:30 EST, HireRight Holdings's stock is trading at a volume of 531.7K, which is 209.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $851.6 million. Li-Cycle Holdings (NYSE:LICY) shares rose 19.9% to $0.75. The current volume of 7.5 million shares is 187.9% of Li-Cycle Holdings's average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $133.9 million. FiscalNote Holdings (NYSE:NOTE) shares increased by 18.73% to $0.95. Trading volume for FiscalNote H
Needham analyst James Ricchiuti maintains Fathom Digital Mfg (NYSE:FATH) with a Buy and lowers the price target from $20 to $8.
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Fathom Digital Mfg (NYSE:FATH) reported its Q3 earnings results on Tuesday, November 14, 2023 at 07:00 AM. Here's what investors need to know about the announcement. Earnings Fathom Digital Mfg missed estimated earnings by 104.0%, reporting an EPS of $-2.04 versus an estimate of $-1.0. Revenue was down $8.75 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.0 which was followed by a 7.04% increase in the share price the next day. Here's a look at Fathom Digital Mfg's past performance: Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022 EPS Estimate -0.8 -1 -0.2 -0.2 EPS Actual -0.8 -0.8 0.6 -0.6 Revenue Estimate 33.12M 32.60M 40.48M
Fathom Digital Mfg (NYSE:FATH) reported quarterly losses of $(1.24) per share which missed the analyst consensus estimate of $(1.00) by 24 percent. This is a 106.67 percent decrease over losses of $(0.60) per share from the same period last year. The company reported quarterly sales of $31.50 million which missed the analyst consensus estimate of $32.19 million by 2.14 percent. This is a 21.66 percent decrease over sales of $40.21 million the same period last year.
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