Atlantic International (ATLN) AI Stock Analysis

• Market Cap: $197.23M
• Dividend Yield: N/A
• Average Volume (3M): 364.23K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.22
• Revenue Growth: 109.65%
• EPS Growth: 77.14%
• Country: US
• Employees: 300
• Sector: Industrials
• Sector Strength: 72
• Industry: Medical - Diagnostics & Research
• EPS (TTM): -0.20
• Shares Outstanding: 62,611,656
• 10 Day Avg. Volume: 70,257
• 30 Day Avg. Volume: 364,234
• PEG Ratio: >-0.01
• Price to Book (P/B): -14.94
• Price to Sales (P/S): 0.41
• P/FCF Ratio: -29.63
• Enterprise Value/Market Cap: 1.52
• Enterprise Value/Revenue: 0.67
• Enterprise Value/Gross Profit: 6.21
• Enterprise Value/Ebitda: -4.76
• 1Y Price Target: $6.00
• Price Target Upside: 90.48% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.6
• Revenue Forecast (FY): $490.16M

• Rating: 54 Neutral
• Price Target: $3.50 ▲(11.11% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is held back primarily by weak financial health—loss-making operations and a highly concerning balance sheet with negative equity—despite strong revenue growth. Technicals are supportive with strong upward momentum above major moving averages, and corporate events are positive (acquisition and new CFO), but valuation is constrained by negative earnings and no stated dividend yield.

Positive Factors

Acquisition-driven Global Scale

The all-stock acquisition of Circle8 creates a combined ~ $1.2B unaudited revenue platform and broadens geographic reach into Europe. This materially diversifies revenue and client coverage, enabling scale economics, cross-selling and structural revenue stability over the medium term.

Strong Revenue Growth

Sustained TTM revenue growth (~52%) demonstrates robust demand across Atlantic’s telecom, logistics and renewable segments. Persistent top-line momentum supports investment in infrastructure and product development, improving the potential to leverage fixed costs and capture durable operating leverage.

Improving Cash Generation

Modest positive FCF growth and FCF nearly matching net income indicate improving cash generation discipline. Over months, this enhances liquidity for integration, capex and debt service, reducing reliance on external funding and supporting more sustainable capital allocation despite current losses.

Negative Factors

Negative Profitability / Low Margins

Persistent negative profitability and a low gross margin (~10.85%) signal weak pricing power or high input costs across core businesses. Continued margins pressure limits internal reinvestment, lengthens payback on acquisitions and complicates the path to sustainable operating profitability over the medium term.

Weak Balance Sheet / Negative Equity

Negative shareholders' equity and a negative debt-to-equity ratio reflect a strained capital structure and elevated leverage. This increases refinancing and solvency risk, reduces strategic flexibility for capital spending or M&A, and could force dilutive financing actions if losses persist.

Poor Operating Cash Conversion

A low operating cash flow to net income ratio indicates the business struggles to convert reported earnings into sustainable cash. This weak cash conversion undermines internal funding for operations and integration, raising the likelihood of continued dependence on external financing in the medium term.

Atlantic International Business Overview & Revenue Model

Company Description

As of June 18, 2024, Atlantic International Corp. was acquired by Lyneer Investments, LLC, in a reverse merger transaction. Atlantic International Corp. operates as a life sciences instrumentation and research services company. It focuses on development of scientific assets and novel intellectual property across multiple omics fields. The company's True Single Molecule Sequencing technology (tSMS) platform offers a single molecule solution for DNA and RNA sequencing through detection of nucleic acids to researchers for analyzing many billions of single molecules in a single experiment and generate accurate and reproducible data. It provides solutions for various applications, such as biomarker discovery and diagnostic assay developments, including laboratories associated with universities, scientific research centers, government institutions, and biotechnology and pharmaceutical companies. In addition, the company has research and development agreement with U.S. Department of Justice's Federal Bureau of Investigation to evaluate and determine the forensic capabilities of direct RNA sequencing using tSMS platform; and Weizmann Institute of Science for developed and applied innovative single-molecule technologies. The company was formerly known as SeqLL Inc. and changed its name to Atlantic International Corp. in June 2024. The company was founded in 2013 and is headquartered in Billerica, Massachusetts.

How the Company Makes Money

Atlantic International generates revenue through multiple streams. Primarily, the company earns income from its telecommunications segment by offering mobile and internet services to consumers and businesses, charging subscription fees and usage-based charges. Additionally, its logistics division contributes significantly to revenue by providing supply chain management services and software solutions, which are billed based on service usage and contracts with corporate clients. The renewable energy sector adds another layer of revenue through the sale and installation of solar energy systems, with profitability driven by government incentives and long-term contracts with commercial clients. Strategic partnerships with technology providers and government agencies also enhance ATLN's revenue, enabling the company to leverage shared resources and expand its market reach.

Atlantic International Financial Statement Overview

Summary

Despite strong TTM revenue growth (52.4%), profitability is weak with negative net profit/EBIT/EBITDA margins and a low gross margin (10.85%). The balance sheet is a major risk with negative equity and high leverage signals, while cash flow shows only modest improvement (positive FCF growth) but weaker conversion of income into operating cash.

Income Statement

Atlantic International shows a significant revenue growth rate of 52.4% in the TTM, indicating strong top-line expansion. However, the company struggles with profitability, as evidenced by negative net profit, EBIT, and EBITDA margins. The gross profit margin is relatively low at 10.85%, suggesting challenges in cost management or pricing power.

Balance Sheet

The balance sheet reveals high leverage with a negative debt-to-equity ratio, indicating financial instability. The negative stockholders' equity and high return on equity percentage are concerning, reflecting potential financial distress. The equity ratio is also negative, highlighting a weak capital structure.

Cash Flow

Cash flow analysis shows a positive free cash flow growth rate of 2.715% in the TTM, suggesting some improvement in cash generation. However, the operating cash flow to net income ratio is low, indicating challenges in converting income into cash. The free cash flow to net income ratio is close to 1, showing that free cash flow is nearly equivalent to net income, which is a positive aspect.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	445.38M	442.61M	401.37M	441.54M	425.03M	329.50K
Gross Profit	48.34M	47.18M	46.88M	54.21M	54.41M	158.69K
EBITDA	-63.08M	-113.10M	1.44M	11.94M	12.18M	-649.39K
Net Income	-100.93M	-135.48M	-15.25M	-3.22M	-40.80M	-1.05M
Balance Sheet
Total Assets	110.26M	122.75M	126.67M	8.41M	10.74M	694.04K
Cash, Cash Equivalents and Short-Term Investments	83.41K	678.68K	1.35M	6.22M	9.95M	0.00
Total Debt	76.66M	82.72M	142.62M	2.93M	1.38M	3.56M
Total Liabilities	132.32M	134.77M	166.02M	4.05M	2.56M	4.55M
Stockholders Equity	-22.06M	-12.02M	-39.35M	4.37M	8.18M	-3.85M
Cash Flow
Free Cash Flow	3.29M	-6.06M	-9.16M	-3.70M	-2.00M	-757.91K
Operating Cash Flow	3.36M	-5.99M	-9.08M	-3.66M	-1.99M	-757.91K
Investing Cash Flow	-67.58K	-73.46K	-73.71K	1.83M	-5.99M	0.00
Financing Cash Flow	-4.60M	5.38M	8.79M	0.00	12.00M	752.05K

Atlantic International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATLN, the sentiment is Positive. The current price of 3.15 is below the 20-day moving average (MA) of 3.18, above the 50-day MA of 2.57, and above the 200-day MA of 2.67, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 53.84 is Neutral, neither overbought nor oversold. The STOCH value of 32.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ATLN.

Atlantic International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ATLN	54 Neutral	$197.23M	-1.67	―	―	109.65%	77.14%
PRE	53 Neutral	$284.57M	-4.11	-23.93%	―	159.45%	8.59%
ACRS	47 Neutral	$346.11M	-5.42	-113.23%	―	-41.87%	-165.76%
MDXH	44 Neutral	$168.29M	-5.10	-720.01%	―	21.68%	58.30%
STIM	44 Neutral	$91.77M	-1.62	-239.53%	―	78.62%	32.39%
XGN	44 Neutral	$82.04M	-3.91	-122.81%	―	14.08%	1.34%

Atlantic International Corporate Events

Atlantic International Appoints Kevin Murphy as New CFO

On January 12, 2026, Atlantic International Corp. appointed veteran finance executive Kevin J. Murphy, a certified public accountant with more than 27 years of experience in financial operations, reporting, and strategic transformation across staffing, janitorial services and related sectors, as its new chief financial officer. Under an executive employment agreement dated February 2, 2026, Murphy will receive a $375,000 annual base salary with the potential for a $200,000 performance-based bonus, a one-year automatically renewable term, and an initial grant of 400,000 stock options vesting over four years, along with standard benefits, severance protections, accelerated equity vesting on certain termination and change-of-control events, and non-compete and non-solicitation obligations, signaling the company’s effort to strengthen its financial leadership and align executive incentives with shareholder interests.

The most recent analyst rating on (ATLN) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Atlantic International stock, see the ATLN Stock Forecast page.

Atlantic International completes Circle8 acquisition, expanding globally

On January 23, 2026, Atlantic International Corp. completed its all-stock acquisition of Circle8 Group, a Netherlands-based IT and technology staffing specialist that operates across Europe and generated approximately $780 million in unaudited revenue in 2025. The deal combines Atlantic’s North American light industrial staffing operations with Circle8’s high-growth European IT talent business to create a global workforce solutions platform with about $1.2 billion in unaudited annual revenue, broadening geographic reach and client coverage and enhancing revenue diversification and visibility. Circle8 will remain a wholly owned subsidiary, with founder Guus Franke joining Atlantic’s board as executive chairman while continuing as Circle8’s CEO, a governance move aimed at maintaining founder-led continuity as the combined group pursues operational leverage, cross-selling opportunities and long-term value creation for shareholders and customers across multiple sectors and regions.

The most recent analyst rating on (ATLN) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Atlantic International stock, see the ATLN Stock Forecast page.

Atlantic International Approves Key Proposals at AGM

On November 7, 2025, Atlantic International held its Annual General Meeting, where 44.14% of the total outstanding shares were represented, surpassing the one-third quorum requirement. All proposals were approved, including the election of directors, a non-binding advisory on ‘Say on Pay,’ the frequency of future ‘Say on Pay’ votes set for every three years, the ratification of the company’s independent registered public accounting firm, and the approval of the 2025 Equity Omnibus Plan.

The most recent analyst rating on (ATLN) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Atlantic International stock, see the ATLN Stock Forecast page.