Atlantic International Corp. Achieves Strong YTD Performance Through Operational Efficiencies and Substantial Revenue Growth

Rhea-AI Summary

Atlantic International Corp (NASDAQ:ATLN) reported third-quarter 2025 results and strong year‑to‑date improvement on Nov 17, 2025. For the first nine months of 2025 the company recorded $315.8 million in service revenue and a record Q3 revenue of $110.1 million (+2.2% YoY).

Nine‑month net loss narrowed to $32.3 million (or $0.59 per share) versus $66.8 million (or $2.04 per share) in 2024, a year‑over‑year improvement of $34.5 million. Adjusted EBITDA improved to a negative $0.7 million from negative $2.7 million. Total assets were $110.3 million as of Sept 30, 2025. Management attributes progress to cost reductions, efficiency initiatives and stronger service delivery, and expects continued improvement into 2026.

Positive

• Nine‑month revenue of $315.8 million
• Record Q3 revenue of $110.1 million (+2.2% YoY)
• Net loss improved by $34.5 million YoY
• Adjusted EBITDA improved to −$0.7 million from −$2.7 million

Negative

• Nine‑month net loss remains $32.3 million
• Adjusted EBITDA is still negative (−$0.7 million)
• Quarterly revenue growth was modest at 2.2% YoY

Insights

Operational finance analyst

Atlantic International shows measurable operational improvement but remains unprofitable for the period.

Revenue for the first nine months reached $315.8 million, driven by a record quarter of $110.1 million, a 2.2% year-over-year rise, which signals stable demand from a referenceable client base.

Profitability measures improved: nine-month net loss narrowed to $32.3 million ( $0.59 per share) from $66.8 million ( $2.04 per share) in 2024, a $34.5 million improvement. Adjusted EBITDA moved to negative $0.7 million from negative $2.7 million, indicating cost and efficiency actions are materially reducing the loss run rate.

Key dependencies and risks include the company’s continued execution of efficiency measures and the pace of organic demand in HR services. Total assets of $110.3 million as of September 30, 2025 provide scale but do not alone guarantee sustained profitability. Watch upcoming operational milestones, further quarterly EBITDA trends, and stated expansion steps in HR service areas over the next 12 months for confirmation of a durable turnaround.

ENGLEWOOD CLIFFS, N.J., Nov. 17, 2025 (GLOBE NEWSWIRE) -- Atlantic International Corp. today announced continued operational momentum in its third-quarter 2025 results, reflecting a meaningful shift in the company's financial trajectory and a significant improvement in year-to-date performance. For the first nine months of 2025, the company achieved $315.8 million in service revenue, supported by a record quarter that delivered $110.1 million in revenue, a 2.2% increase over the same period last year. This steady growth reflects sustained demand across a highly satisfied and referenceable client base.

Atlantic International's financial turnaround is most evident in its bottom-line results. The company narrowed its nine-month net loss to $32.3 million, or $0.59 per share, compared to $66.8 million, or $2.04 per share, in 2024—an improvement of $34.5 million year over year. This positive shift demonstrates the success of cost-reduction and efficiency initiatives, as well as a unified commitment to process improvement. Notably, Adjusted EBITDA for the first nine months of 2025 improved to a negative $0.7 million, from a negative $2.7 million in the prior year, indicating stabilization in the cost structure and a growing impact from efficiency measures.

“Our $34.5 million improvement in net loss, together with the gains in Adjusted EBITDA, underscores the effectiveness of our operational and cost-management initiatives,” said Jeffrey Jagid, Chief Executive Officer of Atlantic International Corp. “We are encouraged by the progress we’ve made while continuing to deliver strong satisfaction levels across our referenceable customer base. This stability provides a solid foundation as we advance into the next phase of our growth strategy.”

Management expects continued improvement throughout the remainder of the year and into next year as additional efficiency initiatives are implemented, and the company further enhances its service delivery model. Atlantic International also anticipates opportunities for targeted expansion within the growing human resources services sector as workforce dynamics continue to evolve. The company's growth strategy focuses on leveraging operational efficiencies to drive organic growth in core markets, pursuing selective expansion in high-potential HR service areas, and enhancing its technology-driven service delivery to better meet evolving client needs.

As of September 30, 2025, the company reported total assets of $110.3 million and continues to actively manage its capital structure to support operational needs and long-term strategic priorities. Atlantic International’s 2025 results underscore a revitalized financial and operational foundation. With momentum from cost discipline, strong client relationships, and process improvements, the company is positioned for ongoing stability and sustained financial gains as its transformation advances.

About Atlantic International Corp.
Atlantic International Corp. (Nasdaq: ATLN) is a leading provider of strategic staffing outsourced services and workforce solutions. Through its subsidiary Lyneer Staffing Solutions, the company delivers comprehensive staffing services across multiple industries, including food production, manufacturing, and logistics sectors, with operations spanning nationwide locations.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of federal securities laws. These statements include, but are not limited to, expectations regarding operational improvements, future financial performance, cost-reduction initiatives, growth opportunities, service enhancements, and the company’s strategic plans. Forward-looking statements are based on current assumptions, estimates, and projections, and are not guarantees of future results. Actual outcomes may differ materially due to a variety of risks and uncertainties, including changes in economic conditions, labor market dynamics, regulatory developments, competitive pressures, the company’s ability to execute planned initiatives, client retention trends, and other factors described in the company’s filings and disclosures. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Atlantic International Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Investor Relations Contact

investorsr@atlantic-international.com

FAQ

What were Atlantic International (ATLN) nine‑month 2025 revenues reported on Nov 17, 2025?

Atlantic International reported $315.8 million in service revenue for the first nine months of 2025.

How much did ATLN's net loss improve year‑over‑year through Sept 30, 2025?

Net loss improved by $34.5 million, narrowing to $32.3 million from $66.8 million in 2024.

What was Atlantic International's Adjusted EBITDA for the first nine months of 2025?

Adjusted EBITDA improved to a negative $0.7 million versus negative $2.7 million in the prior year period.

What did Atlantic International report for Q3 2025 revenue and growth?

The company reported a record Q3 2025 revenue of $110.1 million, a 2.2% increase year‑over‑year.

What balance‑sheet metric did ATLN report as of Sept 30, 2025?

Total assets were reported at $110.3 million as of Sept 30, 2025.

What drivers did management cite for ATLN's improved performance in 2025?

Management cited cost‑reduction, operational efficiencies, and improvements in service delivery as primary drivers.