Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 138

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 138
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 staffing agencies and PEOs must manage a high cash flow because they funnel payroll payments from employers. Cash flow imbalances also occur because agencies must pay workers even though they haven’t been paid by clients. 68

STAFFING 360 MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS You should read the following discussion and analysis of Staffing 360’s financial condition and results of operations in conjunction with Staffing 360’s consolidated financial statements and the related notes included elsewhere in this proxy statement / prospectus. This discussion contains forward -looking statements that involve risks and uncertainties. Staffing 360’s actual results and the timing of events could differ materially from those anticipated in these forward -looking statements as a result of various factors, including those set forth under “Risk Factors” and elsewhere in this proxy statement / prospectus. References to the “Company,” “we”, “us”, and “our” in this section refers to Staffing 360. All Staffing 360 financial information is presented in thousands. Results of Operations The following discussion summarizes the key factors Staffing 360’s management team believes are necessary for an understanding of Staffing 360’s financial statements. Three and Nine Months Ended September 28, 2024 and September 30, 2023

|                            |     |   |  Three Months 
         Ended 
 September 28, 
          2024 |   |     |       | % of    
 Revenue |     |   |  Three Months 
         Ended 
 September 30, 
          2023 |   |     |       | % of    
 Revenue |     |        | Growth |
|:---------------------------|:----|:--|--------------:|:--|:----|------:|:--------|:----|:--|--------------:|:--|:----|------:|:--------|:----|-------:|:-------|
| Revenue                    |     | $ |        46,098 |   |     | 100.0 | %       |     | $ |        49,537 |   |     | 100.0 | %       |     |   (6.9 | )%     |
| Cost of revenue            |     |   |        39,936 |   |     |  86.6 | %       |     |   |        41,874 |   |     |  84.5 | %       |     |   (