Atlantic International 10-K: $435.9M Revenue, $(1.08) EPS
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Atlantic International reported a service revenue of $435.9 million for the year, a decrease of 1.5% year-over-year, with a net loss per share of $(1.08). The company experienced an operating loss of $(50.23) million, attributed to higher SG&A expenses. Despite a decline in temporary placement revenues, management anticipates that the acquisition of Circle8 will enhance liquidity and operational efficiency. The company operates over 100 U.S. locations and focuses on proactive recruitment and workforce management solutions to improve client service.
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