Why Did ATLN Stock Soar 150% Today?
Atlantic International’s recently acquired unit secured a $52 million government contract in the Netherlands. Unit Circle8 had secured a $380 million government contract last month; Atlantic had acquired Circle8 earlier this year. On Monday, Atlantic posted its first-quarter results, with revenue surging 143% year-on-year to $249.9 million. Net loss widened partly due to acquisition-related integration, … Read more