Atlantic International (ATLN)
Market Price (1/19/2026): $2.58 | Market Cap: $142.2 MilSector: Industrials | Industry: Human Resource & Employment Services
Atlantic International (ATLN)
Market Price (1/19/2026): $2.58Market Cap: $142.2 MilSector: IndustrialsIndustry: Human Resource & Employment Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. | Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -154% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -33 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7.3% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55% | ||
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 43x | ||
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -74% | ||
| High stock price volatilityVol 12M is 167% | ||
| Key risksATLN key risks include [1] ongoing unprofitability and negative cash flow, Show more. |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. |
| Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -154% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -33 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7.3% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 43x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -74% |
| High stock price volatilityVol 12M is 167% |
| Key risksATLN key risks include [1] ongoing unprofitability and negative cash flow, Show more. |
Why The Stock Moved
Qualitative Assessment
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1. Significant Stock Plummet and Lack of Investor Interest
The stock experienced a substantial decline, with reports indicating a "plummet[] 33%" around December 6, 2025. This was accompanied by a observed lack of investor accumulation, suggesting prevailing negative sentiment and significant selling pressure during the period.
2. Continued Unprofitability and Negative Financial Outlook
Atlantic International Corp. was noted as "currently unprofitable and not forecast to become profitable over the next 3 years". This ongoing unprofitability and a bleak near-term earnings outlook likely contributed to investor apprehension and a downward pressure on the stock price.
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Stock Movement Drivers
Fundamental Drivers
The -5.8% change in ATLN stock from 10/31/2025 to 1/18/2026 was primarily driven by a -5.3% change in the company's P/S Multiple.| 10312025 | 1182026 | Change | |
|---|---|---|---|
| Stock Price ($) | 2.77 | 2.61 | -5.78% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 443.06 | 445.38 | 0.52% |
| P/S Multiple | 0.34 | 0.32 | -5.30% |
| Shares Outstanding (Mil) | 54.55 | 55.12 | -1.04% |
| Cumulative Contribution | -5.79% |
Market Drivers
10/31/2025 to 1/18/2026| Return | Correlation | |
|---|---|---|
| ATLN | -5.8% | |
| Market (SPY) | 1.4% | 11.3% |
| Sector (XLI) | 7.6% | 42.2% |
Fundamental Drivers
The 69.5% change in ATLN stock from 7/31/2025 to 1/18/2026 was primarily driven by a 72.8% change in the company's P/S Multiple.| 7312025 | 1182026 | Change | |
|---|---|---|---|
| Stock Price ($) | 1.54 | 2.61 | 69.48% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 444.80 | 445.38 | 0.13% |
| P/S Multiple | 0.19 | 0.32 | 72.85% |
| Shares Outstanding (Mil) | 53.98 | 55.12 | -2.12% |
| Cumulative Contribution | 69.40% |
Market Drivers
7/31/2025 to 1/18/2026| Return | Correlation | |
|---|---|---|
| ATLN | 69.5% | |
| Market (SPY) | 9.7% | 17.4% |
| Sector (XLI) | 10.2% | 28.6% |
Fundamental Drivers
The -39.7% change in ATLN stock from 1/31/2025 to 1/18/2026 was primarily driven by a -28.3% change in the company's P/S Multiple.| 1312025 | 1182026 | Change | |
|---|---|---|---|
| Stock Price ($) | 4.33 | 2.61 | -39.72% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 429.26 | 445.38 | 3.76% |
| P/S Multiple | 0.45 | 0.32 | -28.34% |
| Shares Outstanding (Mil) | 44.69 | 55.12 | -23.34% |
| Cumulative Contribution | -43.01% |
Market Drivers
1/31/2025 to 1/18/2026| Return | Correlation | |
|---|---|---|
| ATLN | -39.7% | |
| Market (SPY) | 15.9% | 2.3% |
| Sector (XLI) | 21.9% | 7.6% |
Fundamental Drivers
The -87.6% change in ATLN stock from 1/31/2023 to 1/18/2026 was primarily driven by a -16570.2% change in the company's Shares Outstanding (Mil).| 1312023 | 1182026 | Change | |
|---|---|---|---|
| Stock Price ($) | 21.07 | 2.61 | -87.61% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 0.00 | 445.38 | 37840128.46% |
| P/S Multiple | 5919.64 | 0.32 | -99.99% |
| Shares Outstanding (Mil) | 0.33 | 55.12 | -16570.23% |
| Cumulative Contribution | -340176.00% |
Market Drivers
1/31/2023 to 1/18/2026| Return | Correlation | |
|---|---|---|
| ATLN | -87.6% | |
| Market (SPY) | 76.5% | 2.9% |
| Sector (XLI) | 71.0% | 3.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ATLN Return | -59% | -84% | -64% | 18% | -73% | 74% | -99% |
| Peers Return | 41% | -19% | 11% | -27% | -46% | 10% | -45% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| ATLN Win Rate | 40% | 25% | 50% | 33% | 17% | 100% | |
| Peers Win Rate | 60% | 43% | 50% | 40% | 38% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| ATLN Max Drawdown | -60% | -86% | -66% | -69% | -76% | 0% | |
| Peers Max Drawdown | -6% | -32% | -17% | -34% | -53% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RHI, MAN, KELYA, KFRC, TBI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/16/2026 (YTD)
How Low Can It Go
| Event | ATLN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -98.2% | -25.4% |
| % Gain to Breakeven | 5479.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to RHI, MAN, KELYA, KFRC, TBI
In The Past
Atlantic International's stock fell -98.2% during the 2022 Inflation Shock from a high on 8/30/2021. A -98.2% loss requires a 5479.7% gain to breakeven.
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AI Analysis | Feedback
- A small-cap diversified holding company, similar to a miniature Icahn Enterprises (IEP), but focused on operating businesses in real estate, energy, and hospitality.
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- Personal Installment Loans: Provides direct-to-consumer installment loans designed to help individuals manage unexpected expenses or consolidate debt.
- Credit Card Products: Offers various branded credit card programs, often in partnership with issuing banks, to provide revolving credit lines for consumers.
- Point-of-Sale Retail Finance: Facilitates financing options for consumers making purchases at participating retail merchant locations.
AI Analysis | Feedback
Atlantic American Corporation (symbol: ATLN) is an insurance holding company that sells primarily to a broad base of policyholders, rather than having a few major corporate customers. Its customers fall into two main categories:
Individuals seeking supplemental health and life insurance: This category includes individuals who purchase policies such as accident insurance, cancer and specified disease insurance, and various term life insurance products.
Commercial entities, primarily small to medium-sized businesses: These customers purchase specialty property and casualty insurance products offered by Atlantic American Corporation, including commercial automobile insurance and general liability insurance.
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Jeffrey M. Jagid, Chief Executive Officer
Mr. Jagid was appointed Chief Executive Officer of Atlantic International Corp. in June 2024. He has expertise in start-up, pre-IPO, and publicly traded companies. Mr. Jagid has made substantial investments in Atlantic International Corp. stock, including an approximately $8.8 million purchase in June 2024 and additional purchases in February 2025.
Christopher Broderick, Chief Financial Officer
Mr. Broderick has served as Chief Financial Officer of Atlantic International Corp. since February 1, 2023, and was also the Chief Operating Officer as of June 2024, prior to the appointment of a new COO. He purchased company stock in June 2024 for approximately $4.73 million and in January 2025. Mr. Broderick has over 30 years of experience in the telecommunications industry. His past roles include Chief Operating Officer and Interim Chief Financial Officer of Troika Media Group, from which he resigned in June 2022. He also served as Chief Operating Officer of Signal Point Holdings Corp. (SPHC) since October 2012, and held leadership positions at FairPoint Communications, IntelliSpace, Wave2Wave, and spent a significant portion of his career at New York Telephone, NYNEX, and Bell Atlantic.
Matt Evelt, Chief Operating Officer
Mr. Evelt was appointed as the new Chief Operating Officer of Atlantic International Corp., effective June 2, 2025. He is responsible for leading global operations and brings over twenty years of industry experience to the role.
Michael Tenore, General Counsel and Secretary
Mr. Tenore serves as the General Counsel and Secretary of Atlantic International Corp.. He also purchased company stock in February 2025.
Todd McNulty, Chief Executive Officer of Lyneer Staffing Solutions LLC
Mr. McNulty is the Chief Executive Officer of Lyneer Staffing Solutions LLC, a principal operating subsidiary of Atlantic International Corp.. He has emphasized Lyneer's operational excellence in delivering scalable workforce solutions and its ability to meet complex requirements while maintaining high service standards. Mr. McNulty has also highlighted the opportunity to expand Lyneer's staffing services footprint.
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Key Risks to Atlantic International (ATLN)
- Unprofitability and Negative Cash Flow: Atlantic International is currently unprofitable, characterized by high operating expenses and a lack of a clear path to profitability. The company generates significant losses and has negative cash flow, with its current cash holdings being insufficient to sustain ongoing operational losses.
- High Leverage and Debt: The company is heavily indebted, carrying significant debt and incurring interest costs that its operations cannot adequately cover. This is further compounded by potential off-balance sheet liabilities related to its merger structure, and its debt-to-equity ratio is highly negative, indicating a precarious financial standing.
- Low Liquidity and High Stock Volatility: ATLN stock is prone to low liquidity during certain periods, which inherently increases its overall risk. The very low trading volume contributes to this risk and can diminish the reliability of technical signals, classifying the stock as "very high risk" due to its significant volatility and intermittent low trading volumes.
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The increasing prevalence and adoption of specialized digital payment platforms, mobile wallets, and fintech solutions across the Caribbean region pose a clear emerging threat by disintermediating traditional banking services for transactions, remittances, and potentially small-scale lending. These agile alternatives could erode Atlantic International's market share, transaction volumes, and fee income in key areas by offering more convenient or cost-effective digital-first services.
AI Analysis | Feedback
Atlantic International Corp. (symbol: ATLN) primarily operates as a provider of strategic staffing, outsourced services, and workforce solutions. The company's main products and services, offered through its principal operating subsidiary, Lyneer Investments LLC, include staffing and recruitment, program management, and data mastery. These services encompass permanent, temporary, and temp-to-perm placements across various sectors such as accounting and finance, administrative and clerical, hospitality, legal, light industrial, information technology, and medical fields.
Atlantic International Corp. focuses its operations and services on the U.S. market, with approximately 100 offices across the country. The company is recognized by Staffing Industry Analysts as one of the top 20 largest national staffing companies in the U.S., serving light industrial, commercial, professional, finance, direct placement, and managed service provider verticals.
Currently, there is no specific addressable market size identified for Atlantic International's main products or services in the provided search results.
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Atlantic International (NASDAQ: ATLN) is expected to drive future revenue growth over the next two to three years through a combination of strategic acquisitions, the expansion of its core workforce solutions, and investments in technology to enhance its service offerings.
- Strategic Acquisitions and M&A Pipeline: Atlantic International has a stated goal of achieving significant revenue growth, targeting between $1 billion and $1.5 billion on a run-rate basis within the next 12 to 18 months, which includes growth through strategic mergers and acquisitions. The company has demonstrated this strategy with its acquisition of Lyneer Staffing Solutions.
- Expansion of Workforce Solutions and Customer Acquisition: The company anticipates revenue growth from expanding its on-premise managed services, opening new locations across key regions such as Texas and the Southeast to serve major logistics and manufacturing clients. This expansion is coupled with the acquisition of new customers and increased demand for both temporary and permanent placement services. As of June 30, 2024, Atlantic International had grown its customer base to 1,100, up from 1,000 in the prior year.
- Growth in Key Industry Verticals: Future revenue is expected to be driven by targeted expansion within key industry verticals, as evidenced by securing significant contracts. For example, the company recently secured a contract with a global e-commerce logistics company with the potential to generate up to $17 million in revenue over 12 months and expanded a strategic partnership with a food production client, increasing its annual revenue portion to over $12 million.
- Leveraging Technology for Higher-Margin Services: Atlantic International has invested in technology by launching its "Site Selection Dashboard." This tool aims to help customers optimize hiring decisions through data-driven insights and is expected to contribute to higher-margin revenue streams starting in 2025.
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Share Repurchases
There is no readily available information regarding specific dollar amounts of share repurchases made or authorized by Atlantic International (ATLN) in the last 3-5 years.
Share Issuance
- In connection with an Amended and Restated Agreement and Plan of Reorganization dated June 4, 2024, up to 9,905,914 shares of common stock were issued to selling shareholders. Additionally, 20,000 shares were issued in exchange for legal services rendered. The company did not receive any proceeds from the sale of these shares by the selling shareholders.
- On August 30, 2023, the company effected a one-for-40 reverse stock split and increased its authorized shares of common stock from 80,000,000 to 300,000,000.
Inbound Investments
- In the second quarter of 2025, Atlantic International Corp. secured a new $70 million asset-based lending facility. This facility was established to support growth initiatives and address working capital needs, replacing a previous credit arrangement.
Outbound Investments
- In late 2024, Atlantic International (formerly SeqLL) acquired a portion of Lyneer, an operating company, through a reverse merger. Former SeqLL shareholders owned approximately 53% of Lyneer following this transaction.
- Atlantic International announced a pending merger with Staffing 360 Solutions in November 2024, which is expected to add approximately $200 million in annual revenue to the company.
Capital Expenditures
- Atlantic International's capital expenditures showed annual growth percentages of -0.35%, -39.49%, and -46.01% in historical balance sheets, though specific dollar amounts were not provided in the readily available data.
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Peer Comparisons for Atlantic International
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 19.23 |
| Mkt Cap | 0.5 |
| Rev LTM | 2,988 |
| Op Inc LTM | 55 |
| FCF LTM | 28 |
| FCF 3Y Avg | 66 |
| CFO LTM | 34 |
| CFO 3Y Avg | 78 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -3.9% |
| Rev Chg 3Y Avg | -6.2% |
| Rev Chg Q | -1.8% |
| QoQ Delta Rev Chg LTM | -0.5% |
| Op Mgn LTM | 1.2% |
| Op Mgn 3Y Avg | 1.3% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 1.6% |
| CFO/Rev 3Y Avg | 1.3% |
| FCF/Rev LTM | 1.5% |
| FCF/Rev 3Y Avg | 1.0% |
Price Behavior
| Market Price | $2.61 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 08/27/2021 | |
| Distance from 52W High | -57.9% | |
| 50 Days | 200 Days | |
| DMA Price | $2.01 | $3.32 |
| DMA Trend | down | down |
| Distance from DMA | 30.1% | -21.4% |
| 3M | 1YR | |
| Volatility | 167.2% | 167.0% |
| Downside Capture | 371.49 | 144.21 |
| Upside Capture | 207.86 | 42.54 |
| Correlation (SPY) | 10.0% | 2.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.93 | 1.49 | 1.22 | 2.88 | 0.23 | 0.35 |
| Up Beta | -11.25 | -3.78 | -3.03 | 2.01 | 0.73 | -0.04 |
| Down Beta | 7.57 | 1.64 | 1.47 | 1.24 | -1.08 | -0.72 |
| Up Capture | 69% | -76% | -36% | 370% | -1% | 21% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 8 | 17 | 24 | 53 | 103 | 285 |
| Down Capture | 806% | 415% | 322% | 311% | 123% | 110% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 13 | 23 | 39 | 72 | 145 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
nullBased On 5-Year Data
nullBased On 10-Year Data
nullReturns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/14/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/14/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/14/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 03/28/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 11/14/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/14/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/17/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 04/10/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/20/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/04/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/09/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 03/16/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/08/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/12/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/12/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 03/23/2022 | 10-K (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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