Atlantic International Corp (ATLN) Net Loss Narrows amid Cost Reduction and Efficiency Initiatives
Yahoo Finance·2025-11-24 14:47

Core Insights - Atlantic International Corp (NASDAQ: ATLN) is experiencing significant growth, with a focus on cost-cutting and efficiency measures leading to a reduced net loss in Q3 2025 [1][2]. Financial Performance - The net loss for the first nine months of the year narrowed to $32.2 million, or $0.58 per share, compared to a net loss of $66.8 million, or $2.04 per share, for the same period last year [2]. - Revenue for the first nine months reached record highs of $315.8 million, with a record quarter contributing $110.1 million [3]. Management Outlook - Management anticipates significant improvement heading into year-end and into the next year, driven by additional efficiency initiatives [3]. - CEO Jeffrey Jagid expressed encouragement regarding the company's progress and strong customer satisfaction, which provides a solid foundation for future growth [4]. Company Overview - Atlantic International Corp operates primarily through its subsidiary, Lyneer Investments LLC, providing staffing solutions in light industrial, professional, and finance sectors [5].