Question Bank › After the books closed

After the books closed

After the books closed: the quarter's biggest news happened too late to be in the numbers

Calls Tested
497
Answered YES
13
Hit Rate
2.6%
rare by design

Fathom Holdings, Inc. (FTHM) — this company's answers

NO on the Q1 2023 call 2023-05-10 C
The model's full reasoning — Q1 2023 call → NO我们根据提供的财报电话会议记录,判断管理层是否报告了最重要的积极发展发生在报告期结束或之后不久,以至于结果几乎没有包含这些发展的影响,并且管理层自己指出了这一时机。 分析关键点: 1. 管理层是否提到了在季度末或之后发生的具体积极事件? 2. 管理层是否表示这些事件对当前结果影响很小或没有影响,并认为它们对未来很重要? 3. 事件是否具有实质性,而非例行公事? 在记录中: - 管理层提到“在3月,我们通过代理推荐实现了公司历史上最强的增长”(Josh Harley: "In fact, this March brought us our strongest growth through agent referrals in our company's history.")。这是发生在季度内(3月是Q1的最后一个月),但并非季度末之后。 - 管理层提到“我们最近推出了增强的代理推荐计划‘免费终身’和修订的代理佣金结构。这两项举措都受到了好评,我们的代理推荐计划继续对我们的招聘工作产生积极影响。” 这似乎是近期推出的,但未明确说明时间。 - 管理层提到“我们在第一季度还看到我们的产权和抵押贷款业务的税率有所改善,因为我们继续在我们运营的市场中深入发展,并且我们最近在犹他州扩大了产权业务。” 这可能是季度内或之后。 - 管理层提到“在3月和4月,我们看到了来自北卡罗来纳州和达拉斯市场的Fathom代理的文件启动数量显著增加,这应该代表第二季度附加率的提高。” 这明确提到了3月和4月,但4月是季度后,且是“应该代表”未来,而非已实现。 - 管理层在回答关于抵押贷款业务时提到“我们在第一季度实施了一系列试点项目,我们将在第二季度全面执行后提供更新。” 这暗示试点项目在Q1实施,但效果在Q2显现。 关键点:管理层是否明确表示这些事件发生在报告期结束或之后,并且结果没有反映它们?在记录中,管理层没有明确说“这些事件发生在季度末之后”或“结果没有反映它们”。他们提到了一些近期事件,但并未强调时机对结果的影响。例如,关于3月的推荐增长,这是季度内的,并非季度末之后。关于4月的文件启动,这是季度后,但管理层说“应该代表”未来,而非已实现。 此外,管理层在讨论Q2指引时提到“我们正在看到Q2与Q1相比文件启动的改善”,但这是预期,而非已发生。 因此,没有明确的管理层陈述表明最重要的积极发展发生在报告期结束或之后,并且结果几乎没有包含它们。管理层没有强调这种时机对比。 所以,答案应为NO。

← Back to the full FTHM analysis

Show the exact prompt the model was given
Using ONLY the supplied earnings call transcript and no outside information: On this call, does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented contain little or none of their effect — with management itself marking the timing? Answer YES when management's own words convey, in whatever form fits the business, ONE coherent situation with BOTH halves present: (1) LATE-BREAKING, CONCRETE POSITIVE EVENTS. Management points to specific favorable developments that actually occurred near the end of the reported period or in the weeks since it closed — real events, not hopes or pipeline. The events may take whatever form fits the industry: a contract, order, customer, or program signed or won late in the period or after quarter-end; a facility, location, product, or service that opened, launched, or shipped its first volumes in the final stretch or just afterward; an approval, certification, or qualification obtained late that has already begun converting into business; a large customer that went live, began ordering, or expanded right at the close or since; an acquisition or capability completed at or after period-end that is now operating. What matters is that management itself anchors the timing — saying in substance 'late in the quarter,' 'in the final weeks,' 'at the very end of the period,' 'since quarter-end,' 'subsequent to the close,' 'just after the period ended,' or equivalent — for events that are described as done or now happening, not merely expected. (2) MANAGEMENT TREATS THEM AS THE REAL STORY THE NUMBERS MISSED. Management conveys, directly or plainly in substance, that because of this timing the reported results reflect little or none of these developments — and treats them as consequential to where the company is now heading, for example by discussing how they will contribute in coming periods, how the company is now delivering or ramping them, or by contrasting the period's reported figures with the level of business the company is already doing as it exits. The late events should be presented as meaningful relative to the company's current size — capable of changing its trajectory — rather than as routine items in a long list. Answer NO if the period's positive developments are described as spread across the quarter in the ordinary way, with no emphasis on late or post-period timing. NO if the late-dated items are only letters of intent, negotiations, pipeline, expected signings, or events still contingent on approvals, financing, or decisions not yet made. NO if the late events are routine in scale for this company — the normal cadence of wins or openings it always reports — with no sense that they change its level of business. NO if management mentions timing only as an excuse for weak results without concrete late-arriving positives now in hand. NO if the post-period mention is a boilerplate subsequent-events disclosure that management does not connect to the company's trajectory. NO if the timing framing appears only in an analyst's question or model that management does not itself affirm. Use only the supplied transcript. Answer only YES or NO.

Companies that answered YES

TickerCompanyCallDateCall grade
ASM Avino Silver & Gold Mines Ltd. Q4 2023 2024-03-21 C+
KOPN Kopin Corporation Q4 2023 2024-03-14 C+
SCPH scPharmaceuticals Inc. Q3 2023 2023-11-08 B
NBTX Nanobiotix S.A. Q2 2023 2023-09-27 D
SWBI Smith & Wesson Brands, Inc. Q1 2023 2022-09-08 C+
YMM Full Truck Alliance Co. Ltd. Q2 2022 2022-08-25 C+
VNRX VolitionRx Limited Q1 2022 2022-05-12 F
OPK OPKO Health, Inc. Q1 2022 2022-05-09 D
BFIN BankFinancial Corporation Q1 2022 2022-05-06 A
RNW ReNew Energy Global Plc Q2 2022 2021-11-18 C
BFI BurgerFi International, Inc. Q3 2021 2021-11-12 C
LIND Lindblad Expeditions Holdings, Inc. Q2 2017 2017-08-06 C
PLAB Photronics, Inc. Q2 2017 2017-05-17 C+

How the model reasoned

OPK · Q1 2022 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...YES The transcript shows management treating the ModeX acquisition (announced and closed on the call date, May 9) and the Sema4/GeneDx deal (closed April 29) as major positive developments that occurred after the Q1 period ended. These are framed as key steps toward unlocking value and are highlighted as the "exciting announcement" that changed the call format.
RNW · Q2 2022 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...YES The transcript shows management explicitly marking the timing of key positive developments: 400 MW commissioned "since the end of the quarter" (bringing operating capacity to 7 GW today, with another 400 MW scheduled "over the next couple of weeks"), plus the completed Telangana acquisition adding 260 MW.
ASM · Q4 2023 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...

More from the question bank

Bought the seat, waiting for the ridePriced like the old business, running like aCaught under-prepared by good newsTempo shift: the rhythm of the business has Position doing the winningThe new engine is already turningAll questions →
Not investment advice. Artul.ai publishes AI-generated earnings-call quality grades and expected-volatility estimates — never buy or sell recommendations. We tested over 1,600 predictive hypotheses against 165,000 transcripts; the honest result, including what failed, is documented in our methodology.