Fathom Digital reports Q4 revenue $38.4M, consensus $40.48M

Reports Q4 total orders of $36.8M. "Our fourth quarter results were below our expectations and primarily reflect ongoing softness in the macro environment along with the continued ramp up of our new commercial activities," said Ryan Martin, Fathom CEO. "In response, we have both accelerated and augmented our plan to drive greater efficiencies in the business and currently expect to generate approximately $19.5 million in annualized cost savings upon completion of our plan in Q2 2023. We also appointed a new Vice President of Sales with a proven track record in enterprise sales and strategic growth management as we remain focused on strengthening our go-to-market strategies. We are confident our new sales leadership and efficiency measures will support our efforts to increase the scalability of our broad on-demand platform and deliver profitable, long-term growth."