Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 139

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 139
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 | )%      |     |  (11.5 | )%     |
| Discontinued Operations    |     |   |           901 |   |     |   0.7 | %       |     |   |        (2,879 | ) |     |  (2.0 | )%      |     | (131.3 | )%     |
| Other (expenses) income    |     |   |        (1,003 | ) |     |  (0.8 | )%      |     |   |          (383 | ) |     |  (0.3 | )%      |     |  161.9 | %      |
| Provision for income taxes |     |   |          (151 | ) |     |  (0.1 | )%      |     |   |           (67 | ) |     |   0.0 | %       |     |  125.4 | %      |
| Net loss                   |     | $ |        (7,370 | ) |     |  (5.6 | )%      |     | $ |        (9,989 | ) |     |  (6.9 | )%      |     |  (26.2 | )%     |

69 Revenue For the nine months ended September 28, 2024, revenue decreased by 9.6% to $131,719 as compared with $145,776 in revenue for the nine months ended September 30, 2023. The decline in revenue was more prevalent in Commercial Staffing as a result of a challenging U.S. operating environment. Commercial Staffing declined by 17.1% and Professional Staffing Business was down by 2.6%. In the Quarter -endedSeptember 28, 2024, the Commercial Staffing business was down by 19.1% year -on -yearwith Professional Staffing up by 4.3%. Revenue for the nine months ended September 28, 2024, was comprised of $130,922 of temporary contractor revenue and $797 of permanent placement revenue, compared with $144,864 and $913 of temporary contractor revenue and permanent placement revenue, respectively, for the nine months ended September 30, 2023. Cost of revenue, Gross profit and Gross margin Cost of revenue includes the variable cost of labor and various non -variablecosts (e.g., workers’ compensation insurance) relating to employees (temporary