Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 148

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 148
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 Adjusted EBITDA                                                  |     | $                   |        5,667 |   |     | $ |        6,549 |   |
| Adjusted Gross Profit                                            |     | $                   |       28,529 |   |     | $ |       32,749 |   |
| Adjusted EBITDA as percentage of Adjusted Gross Profit           |     |                     |         19.9 | % |     |   |         20.0 | % |

____________ (1)Acquisition, capital raising, and other non -recurringexpenses primarily relate to capital raising expenses, acquisition and integration expenses, and legal expenses incurred in relation to matters outside the ordinary course of business. Due to government mandated restrictions, the Company had to temporarily close some of its offices and, due to social distancing restrictions, could not make full use of these facilities for significant periods of time during the year ended January 1, 2022. (2)Other non -cashcharges primarily relate to staff option and share compensation expense, expense for shares issued to directors for board services, and consideration paid for consulting services. Operating LeverageThis measure is calculated by dividing the growth in Adjusted EBITDA by the growth in Gross Profit, on a trailing 12 -monthbasis. We use this KPI because we believe it provides a measure of the Company’s efficiency for converting incremental gross profit into Adjusted EBITDA.

|                                        |     |   | December 30, 
         2023 |   |     |   | December 31, 
         2022 |   |
|:---------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Gross Profit – TTM (Current Period)    |     | $ |       28,529 |   |     | $ |       32,749 |   |
| Gross Profit – TTM (Prior Period)      |     |   |       32,749 |   |     |   |       33,867 |   |
| Gross Profit – Growth (Decline)        |     | $ |       (4,220 | ) |     | $ |       (1,118 | ) |
| Adjusted EBITDA – TTM (Current Period) |     | $ |        5,667 |   |     | $ |        6,549 |   |
| Adjusted EBITDA – TTM (