A Business at a Glance
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Atlantic was formed in Delaware on October 6, 2022 as a special purpose vehicle to acquire control of a publicly-traded company. On June 18, 2024 Atlantic completed the acquisition (the “Merger”) of Lyneer Investments LLC and its operating subsidiaries, including Lyneer Staffing Solutions, LLC (collectively, “Lyneer”) and its business operations, which became the principal business operations of our company. The management team of Atlantic has over 150 combined years of specific corporate management and investment banking experience. Atlantic’s management has developed long-standing relationships in the institutional investment arena to raise capital for publicly-listed entities to expand and up-list to a national securities exchange. This has, in turn, created liquidity and higher valuations for these previous companies. On the Merger date, our corporate headquarters became located at 270 Sylvan Avenue, Suite 2230, Englewood Cliffs, New Jersey 07632.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 445M | 443M | 401M | - | - |
| Net Income | -101M | -135M | -15M | -4.1M | -3.7M |
| EPS | $-2.23 | $-3.68 | $-0.60 | $-11.80 | $-10.67 |
| Free Cash Flow | 3.3M | -6.1M | -9.2M | -3.7M | -2.0M |
| ROIC | -23.4% | -14.1% | -2.2% | -93.8% | -45.3% |
| Gross Margin | 10.9% | 10.7% | 11.7% | - | - |
| Debt/Equity | 0.00 | -0.16 | -0.00 | 0.93 | 0.31 |
| Dividends/Share | $0.00 | - | - | - | - |
| Operating Income | -33M | -22M | -3.5M | -4.0M | -2.5M |
| Operating Margin | -7.3% | -4.9% | -0.9% | - | - |
| ROE | 0.0% | - | - | -65.3% | -45.3% |
| Shares Outstanding | 59M | 37M | 25M | 0M | 0M |
| Metric | 2021 | 2022 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | N/A | N/A | 401M | 443M | 445M |
| Gross Margin | N/A | N/A | 11.7% | 10.7% | 10.9% |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -2.5M | -4.0M | -3.5M | -22M | -33M |
| Op. Margin | N/A | N/A | -0.9% | -4.9% | -7.3% |
| Net Income | -3.7M | -4.1M | -15M | -135M | -101M |
| Net Margin | N/A | N/A | -3.8% | -30.6% | -22.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | -45.3% | -93.8% | -2.2% | -14.1% | -23.4% |
| ROE | -45.3% | -65.3% | N/A | N/A | 0.0% |
| ROA | -34.5% | -42.8% | -12.0% | -108.6% | -91.5% |
| Cash Flow | |||||
| Op. Cash Flow | -2.0M | -3.7M | -9.1M | -6.0M | 3.4M |
| Free Cash Flow | -2.0M | -3.7M | -9.2M | -6.1M | 3.3M |
| Owner Earnings | -2.4M | -4.0M | -14M | -56M | -47M |
| CapEx | 14K | 40K | 74K | 73K | 68K |
| Maint. CapEx | 86K | 88K | 5.0M | 5.0M | 5.0M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 |
| D&A | 86K | 88K | 5.0M | 5.0M | 5.0M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 2.0% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 334K | 257K | 0 | 45M | 45M |
| Debt Repayment | 0 | 0 | 40K | 320K | 320K |
| Balance Sheet | |||||
| Net Debt | N/A | N/A | -1.4M | 1.3M | -83K |
| Cash & Equiv. | N/A | N/A | N/A | N/A | 83K |
| Long-Term Debt | N/A | N/A | 0 | 1.9M | 1.9M |
| Debt/Equity | 0.31 | 0.93 | 0.00 | -0.16 | 0.00 |
| Interest Coverage | -12.2 | -44.0 | -0.2 | -1.8 | -1.8 |
| Equity | 8.2M | 4.4M | -39M | -12M | -22M |
| Total Assets | 11M | 8.4M | 127M | 123M | 110M |
| Total Liabilities | 2.6M | 4.0M | 166M | 135M | 132M |
| Intangibles | N/A | N/A | 72M | 63M | 63M |
| Retained Earnings | -14M | -19M | -62M | -135M | -135M |
| Working Capital | 7.9M | 5.4M | -83M | -9.2M | -9.2M |
| Current Assets | 10M | 6.6M | 79M | 88M | 88M |
| Current Liabilities | 2.6M | 1.2M | 162M | 97M | 97M |
| Per Share Data | |||||
| EPS | -10.67 | -11.80 | -0.60 | -3.68 | -2.23 |
| Owner EPS | -6.94 | -11.54 | -0.56 | -1.53 | -0.80 |
| Book Value | 23.57 | 12.58 | -1.55 | -0.33 | -0.38 |
| Cash Flow/Share | -5.73 | -10.55 | -0.36 | -0.16 | -1.64 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 0.3M | 0.3M | 25.4M | 36.8M | 58.5M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | N/A | N/A | -1.0 |
| P/FCF | N/A | N/A | N/A | N/A | 40.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 3.1 | 0.8 | N/A | N/A | N/A |
| Price/Sales | N/A | N/A | 1.0 | 0.4 | 0.3 |
| FCF Yield | -7.9% | -102.6% | -8.6% | -3.7% | 2.5% |
| Market Cap | 25M | 3.6M | 107M | 166M | 132M |
| Avg. Price | 135.29 | 38.43 | 15.76 | 4.38 | 2.26 |
| Year-End Price | 72.80 | 10.40 | 4.20 | 4.50 | 2.26 |
ATLANTIC INTERNATIONAL CORP. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 11.2%.
ATLANTIC INTERNATIONAL CORP. (ATLN) has a 5-year average return on invested capital (ROIC) of -38.8%. This is below average and may indicate limited pricing power.
ATLANTIC INTERNATIONAL CORP. (ATLN) has a market capitalization of $132M. It is classified as a small-cap stock.
ATLANTIC INTERNATIONAL CORP. (ATLN) does not currently pay a regular dividend.
ATLANTIC INTERNATIONAL CORP. (ATLN) operates in the Services-Help Supply Services industry, within the Industrials sector.
ATLANTIC INTERNATIONAL CORP. (ATLN) reported annual revenue of $443 million in its most recent fiscal year, based on SEC EDGAR filings.
ATLANTIC INTERNATIONAL CORP. (ATLN) has a net profit margin of -30.6%. The company is currently unprofitable.
ATLANTIC INTERNATIONAL CORP. (ATLN) generated $-6 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
ATLANTIC INTERNATIONAL CORP. (ATLN) reported earnings per share (EPS) of $-3.68 in its most recent fiscal year.
ATLANTIC INTERNATIONAL CORP. (ATLN) has a 5-year average gross margin of 11.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 4 years of financial data for ATLANTIC INTERNATIONAL CORP. (ATLN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ATLANTIC INTERNATIONAL CORP. (ATLN) has a book value per share of $-0.33, based on its most recent annual SEC filing.