Fathom Holdings Inc.

of 2022 to 391,000 in Q1 of 2023. This reflects the great work our DIA team has done in Q1 to adjust expenses while still growing revenue. Barrett's title had revenues of $596,000 for the quarter compared to $1.1 million in revenue for Q1 of 2022. Adjusted EBITDA was negative $330,000 compared to a $50,000 positive adjusted EBITDA in Q1 of 2022. The decrease in revenue in adjusted EBITDA is primarily due to the significant decrease in purchase and the refi business due to higher interest rates. However, in March and April, we have seen a significant increase in the number of file starts from FATMA agents in the North Carolina and Dallas markets, which should represent an increase in the tax rate in Q2. Now let's move on to our technology segment. Revenues increased 17% to $756,000. compared to $645,000 for last year's first quarter. Adjusted EBITDA loss for the quarter decreased by 46% from $395,000 in the first quarter of last year to $212,000 in the current quarter. Our Live By team continues to increase its footprint across the country to reach over 235 MLSs and 400,000 agents at the end of the quarter. Live By powers more than 3.6 million community pages with over 125,000 neighborhood reports created. We continue to focus on our balance sheet given dynamic real estate market conditions and end of the quarter with a cash position of 6.7 million. We recently completed a convertible no private placement to provide additional operating liquidity and flexibility as we execute our goal of getting to break even. We believe our cash position and additional private placement provides us with the adequate runaway to grow the business and execute our strategy through profitability. We did not purchase any shares in the first quarter under the stock repurchase plan, and approximately $40 million remain under that authorization. Now, before turning the call back to Josh, let me briefly touch on guidance. Given the continued uncertainty in the microenvironment, we are only providing guidance for the second quarter ending on June 30, 2023. For the second quarter, we expect revenues in the range of $88 million to $90 million, and adjusted EBITDA in the range of break-even to 100,000 to 200,000 positive. As a reminder, guidance is a forward-looking, which as we noted in the beginning of the call, is subject to risks and uncertainty. I want to thank the entire team at Fathom for their hard work, passion, and commitment to excellence. The last six months have been some of the most difficult months in Fathom's history, but through the hard work of our team, we have been able to demonstrate that we can outperform the market even in challenging economic times. With that, I'll turn the call back to Josh for closing remarks.

Thank you, Marco. We remain focused on execution and are well positioned to achieve a break-even profitability in Q2 with our model and can thrive throughout various real estate cycles. With that, operator, let's open up the call for questions.

We will now begin the question and answer session. To ask a question, you may press start button on your telephone keypad. If you're using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press star then 2. At this time, we will pause momentarily to assemble our roster. Our first question will come from John Campbell with Stevens Inc. You may now go ahead.