Company: ATLN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001605888-25-000031
Chunk: 137

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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,979 (17,231,597)+Net loss$(10,718,169)$(54,911,719)$44,193,550 (80.5)%Net loss per share, basic and diluted$(0.20)$(1.96)$1.76 (89.8)%Weighted average shares outstanding, basic and diluted54,553,90528,081,01328,551,84694.3 %

 Six Months EndedJune 30,Change  20252024Amount Percent Service revenue, net$205,705,800 $205,259,485 $446,315 0.2%Cost of revenue183,100,984 183,304,457 (203,473)(0.1%)Gross profit22,604,816 21,955,028 649,788 3.0 %Selling, general and administrative38,270,014 28,894,187 9,375,827 32.4%Depreciation and amortization2,469,139 2,508,608 (39,469)(1.6)%Loss from operations(18,134,337)(9,447,767)(8,686,570)91.9 %Loss on debt extinguishment— 1,213,379 (1,213,379)(100.0)%Advisory fees paid in the merger— 43,000,000 (43,000,000)(100.0)%Interest expense3,308,782 9,022,254 (5,713,472)(63.3)%Other expense— 15,607,737 (15,607,737)(100.0)%Net loss before provision for income taxes(21,443,119)(78,291,137)56,848,018 (72.6)%Income tax (expense)/benefit(19,235)18,512,574 (18,531,809)+Net loss$(21,462,354)$(59,778,563)$38,316,209 (64.1)%Net loss per share, basic and diluted$(0.40)$(2.23)$1.83 (82.1)%Weighted average shares outstanding, basic and diluted54,266,33726,752,37127,513,966+

+ -     change greater than ± 100%

24

Service Revenue,