ATLANTIC INTERNATIONAL CORP C/WTS 31/08/2026 (TO PUR COM) | 8-K: FY2026 Q1 Revenue: USD 249.9 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 249.9 M.
Segment Revenue
- Revenue for the first fiscal quarter ended March 31, 2026, was approximately $249.9 million, representing a 143% increase compared to $102.8 million in the prior year period.
- The record first quarter 2026 revenue of approximately $250 million included only a partial contribution from Circle8 Group, as the acquisition closed on January 23, 2026.
- Combined operations now exceed $1.1 billion in annualized revenue across North America and Europe.
- The company’s transatlantic workforce solutions platform has an annualized revenue exceeding $1 billion.
Operational Metrics
- Gross Profit: Gross profit increased 92% to approximately $21.4 million, compared to $11.2 million in the prior year period.
- Contract Awards: Seven Stars B.V., within Atlantic International Corp’s Circle8 Group platform, was awarded a four-year framework agreement by the Dutch Vehicle Authority (RDW) with a minimum contract value of approximately $52 million.
- This RDW award follows Circle8 Group’s previously announced public sector contract award with an estimated value of approximately $380 million.
- Including the previously announced public sector award, Circle8 Group has announced public sector contract wins with an aggregate estimated value exceeding $430 million in recent weeks.
- Nasdaq Compliance: Atlantic International Corp has regained compliance with Nasdaq Listing Rule 5250©(1) concerning the timely filing of periodic reports, following the submission of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.
Cash and Cash Equivalents
- Cash and cash equivalents were approximately $24.1 million as of March 31, 2026.
Outlook / Guidance
Atlantic International Corp is focused on disciplined integration, operational execution, and leveraging its expanded platform to capture growth opportunities across North America and Europe. The company anticipates that recently secured contracts, including the $52 million RDW agreement and the $380 million public sector award, will contribute to future revenue opportunities and business growth, strengthening Circle8 Group’s position in the Dutch market. Management aims to strengthen its capital markets position, execute its growth strategy, expand customer relationships, and capitalize on opportunities presented by strong demand across AI, cybersecurity, cloud, software engineering, and digital transformation markets.
