ATLN
Atlantic International Corp.1.4800
-0.0300-1.99%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
86.62MP/E (TTM)
-Basic EPS (TTM)
-2.23Dividend Yield
0%Recent Filings
8-K
8-K
Bylaws quorum reduced to 33.3%
Atlantic International Corp. amended its bylaws on October 31, 2025, lowering the stockholder quorum requirement for meetings to one-third of voting power from a prior threshold. This tweak streamlines decision-making amid the company's emerging growth status. No financial impacts disclosed. Forward-looking statements highlight risks from economic and competitive pressures.
10-Q
Q2 FY2025 results
Atlantic International Corp held steady on revenue at $102.9M for Q2 FY2025 ended June 30, 2025, down 1.7% y/y from $104.6M yet edging up 0.1% q/q (derived), with gross profit dipping 0.6% y/y to $11.4M at an 11.1% margin—flat from last year but buoyed by higher-margin accounts. Operating loss widened 4.5% y/y to $8.7M, driven by SG&A up 1.7% y/y from stock compensation and merger costs, while net loss narrowed sharply to $10.7M or $0.20/share from $54.9M or $1.96/share, thanks to no repeat of 2024's $43M advisory fees and $15.6M other expenses; EPS reconciles to 54.6M diluted shares with no anti-dilution. Cash from operations turned positive at $5.0M for H1, ending with $0.4M cash and $7.8M revolver availability under the new $70M ABL facility at 8.5% (maturing 2028), alongside $37.4M drawn; the $35M Merger Note to IDC extends to 2027. The terminated Staffing 360 deal underscores acquisition risks. Client concentration remains a key vulnerability.
8-K
COO hire amid CFO retirement
Atlantic International Corp. announced on June 2, 2025, the hiring of Mathew Evelt as Chief Operating Officer, bringing over 20 years of experience in workforce strategy and operations from roles at Airswift and Gattica. Evelt's $400,000 salary and up to $400,000 performance bonus aim to boost global efficiency in staffing solutions. Meanwhile, CFO Christopher Broderick retires August 15, 2025, for personal reasons, forfeiting equity but receiving $371,900 in bonuses and six months of health coverage; the company has launched a search for his replacement. Leadership shifts signal operational focus, yet the CFO transition poses interim risks.
10-Q
Q1 FY2025 results
Atlantic International edged up service revenue 2.2% year-over-year to $102.8M in Q1 FY2025 ended March 31, 2025, with temporary placements climbing 2.2% while gross profit jumped 6.9% to $11.2M, lifting margins to 10.9% from 10.4% on higher-margin accounts. Yet operating losses widened to $9.4M from $1.1M, driven by $19.4M in SG&A—up 87.6% mainly from $6.0M stock-based compensation and merger costs—while net loss hit $10.7M or $0.20 per diluted share on 54.0M shares, versus $4.9M or $0.19 last year; the gap reflects interest expense dropping 74.4% to $1.3M after deconsolidating joint debt. Cash from operations rose to $14.6M, boosting quarter-end cash to $1.5M with $128K revolver availability, though total debt stood at $66.9M including a $35.0M non-interest-bearing merger note due 2027. Free cash flow wasn't disclosed in the 10-Q. Client concentration remains a key risk, with one customer at 13% of revenue.
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