ATLANTIC INTERNATIONAL CORP. (ATLN)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Service revenue, net | 102,896,993 | 102,808,807 | 107,803,843 | 104,636,273 |
| Cost of revenue | 91,478,299 | 91,622,685 | 95,918,373 | - |
| Cost of revenue | - | - | - | 93,146,627 |
| Gross profit | 11,418,694 | 11,186,122 | 11,885,470 | 11,489,646 |
| Depreciation and amortization | 1,232,750 | 1,236,389 | 1,245,557 | 1,249,054 |
| Selling, general and administrative | 18,870,535 | 19,399,479 | 17,151,567 | 18,553,150 |
| (loss) income from operations | -8,684,591 | -9,449,746 | -6,511,654 | -8,312,558 |
| Interest expense | 2,023,960 | 1,284,822 | 1,472,564 | - |
| Loss on debt extinguishment | - | - | - | -1,213,379 |
| Advisory fees paid in the merger | - | - | - | - |
| Other expense | - | - | 285,483 | 15,607,737 |
| Stock based compensation advisors | - | - | - | 43,000,000 |
| Investment income, investment expense | - | - | - | 4,000,024 |
| Net loss before provision for income taxes | -10,708,551 | -10,734,568 | -8,269,701 | -72,133,698 |
| Income tax (expense)/benefit | 9,618 | 9,617 | -1,220,072 | -17,221,979 |
| Net loss | -10,718,169 | -10,744,185 | -7,049,629 | -54,911,719 |
| Net loss per share, basic (in dollars per share) | -0.2 | -0.2 | -0.16 | -1.96 |
| Net loss per share, diluted (in dollars per share) | -0.2 | -0.2 | -0.16 | -1.96 |
| Weighted-average shares outstanding, basic (in shares) | 54,553,905 | 53,975,575 | 44,688,845 | 28,081,013 |
| Weighted-average shares outstanding, diluted (in shares) | 54,553,905 | 53,975,575 | 44,688,845 | 28,081,013 |