ATLANTIC INTERNATIONAL CORP. SEC 10-Q Report

Atlantic International Corp., a leading staffing firm specializing in temporary and permanent placement services across various industries, has released its Form 10-Q report for the third quarter of 2025. The report highlights the company's financial performance and operational achievements, providing insights into its current market position and future outlook. Financial Highlights Service Revenue, net: $110.13 million, increased by 2.2% compared to the same period in 2024, driven by higher revenues from temporary placement services.Gross Profit: $12.40 million, representing a 4.3% increase from the prior year, reflecting improved efficiency in cost management.Loss from Operations: $(8.72) million, a 33.9% increase in loss compared to the previous year, primarily due to higher selling, general, and administrative expenses.Net Loss: $(10.82) million, increased by 53.5% from the prior year, impacted by higher interest expenses and a decrease in income tax benefits.Net Loss Per Share, basic and diluted: $(0.20), reflecting a 25.0% increase in loss per share compared to the same period in 2024. Business Highlights Revenue Segments: The company reported an increase in service revenue, primarily driven by its temporary placement services, which saw a 1.9% increase in the three months ended September 30, 2025, compared to the same period in 2024. Permanent placement and other services also experienced a significant increase of 28.0% due to strong demand from current clients.Geographical Performance: The company operates more than 100 locations across the United States, providing a national presence that supports its ability to meet complex staffing needs. This extensive network allows the company to effectively compete for large national and multinational client relationships.Sales Units: The company focuses on the placement of temporary and temporary-to-permanent labor across various industries, including accounting, finance, administrative, clerical, IT, legal, light industrial, and medical roles. This diverse range of services supports its operational performance and client satisfaction.Future Outlook: Management believes that the company is well-positioned as a leading staffing firm in the industry, with a focus on integrity, transparency, and customer service. The company aims to continue leveraging its comprehensive suite of workforce management solutions to drive efficiency and streamline processes for its clients.Operational Strategy: The company employs a proactive recruitment strategy to build a pipeline of pre-vetted candidates, ensuring timely order fulfillment and maintaining strong client relationships. This approach is integral to its operational success and competitive advantage in the staffing industry.SEC Filing: ATLANTIC INTERNATIONAL CORP. [ ATLN ] - 10-Q - Nov. 14, 2025