Quarterly ResultJun 25, 2026, 08:22 AM
Atlantic International Q1 Revenue $249.9M, +143%; Secures $52M Contract
AI Summary
Atlantic International Corp. reported record first-quarter 2026 revenue of $249.9 million, a 143% increase year-over-year, driven by the acquisition of Circle8 Group. The company's subsidiary, Seven Stars B.V., secured a four-year framework agreement with the Dutch Vehicle Authority valued at a minimum of $52 million for ICT professionals. Additionally, Atlantic International announced it has regained compliance with Nasdaq's listing requirements for timely filing of periodic reports.
Key Highlights
- Q1 2026 revenue increased 143% to $249.9 million, including Circle8 Group's first contribution.
- Q1 2026 gross profit increased 92% to $21.4 million.
- Seven Stars B.V. (Circle8 Group) secured a four-year framework agreement worth a minimum of $52 million.
- Combined operations now exceed $1.1 billion in annualized revenue across North America and Europe.
- Atlantic International Corp. regained compliance with Nasdaq Listing Rule 5250(c)(1).
- Cash and cash equivalents were approximately $24.1 million as of March 31, 2026.
Price Impact
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