Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
Circle8 Group Inc.CIRC · other
GradeNonecomputable_factors_below_threshold: 6 of 14 inputs computable; 7 are required
Reliability0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025
Peer failure rate1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$12.5M to $120M assetstotal assets $113.2M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsdilution, late filer, thin datanot computable: distress
Inputs computable6 of 14
Graded fromfilings received through Apr 15, 2026177 days before the rescan; every figure keyed to the SEC receipt date
Last close$0.442026-10-08; market equity $50.3M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$2$4NovDecJanFebMarAprMayJunJulAugSepOct$0.45
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Apr 21, 2022nonen/aQ1
Apr 21, 2025nonen/aQ3
Apr 21, 2026nonen/aQ2

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Apr 15, 2026; the document on sec.gov.

On June 18, 2024, Atlantic International Corp (“Atlantic” or the “Company”) completed the acquisition (the “Merger”) of Lyneer Investments LLC and its operating subsidiaries, including Lyneer Staffing Solutions, LLC (collectively, “Lyneer”) and its business operations, which became the principal business operations of our Company. Pursuant to the terms of the Merger, the Company changed its name from SeqLL Inc., to Atlantic International Corp, and its trading symbol to ATLN. Atlantic is a leading provider of strategic staffing and workforce solutions.

Warnings [top]

Dilution. split-adjusted year-over-year share growth is 27.1%[3-4]
Late filer. found 3 NT 10-K/Q filings in the last eight quarters
Thin data. 6 of 14 grade factors are computable; minimum is 7

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 15.2
Gross profitability40.6%[1,5]27.1%26.72892025-12-31
Return on invested capitalnot computable10.0%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Accruals ratio(47.2%)[1,6-8](5.9%)3.85062025-12-31
Gross margin stability, five yearsnot computable2.2 pts
five annual gross margins are required; found 4
Solvency, sleeve percentile 85.7
Twelve-month failure probabilitynot computable0.04%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-prime(10.78)[1,9-14]2.0589.43862025-12-31
Net debt to EBITDAnot computable2.52x
EBITDA must exceed $100,000
Interest coveragenot computable2.18x
interest expense must exceed $100,000
Current ratio0.71x[9-10]1.32x82.05062025-12-31
Growth and financing, sleeve percentile 46.5
Revenue growth, three-year compoundnot computable5.1%
four consecutive annual observations are required
Free cash flow growth, three-year compoundnot computable8.7%
current FCF must be positive and base FCF must exceed $100,000
Reinvestment ratenot computable11.9%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Asset growth, three years137.9%[1,8,15-16]4.1%1.44382025-12-31
Net share issuance, one year27.1%[3-4](0.4%)91.53562026-04-10

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 336 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(76.0%)2.0%5hotter than 5 of 100 peers
Distance from 52-week high(90.1%)(26.8%)3closer to its high than 3 of 100 peers
EBIT to enterprise value(8.4%)4.4%10pricier than 90 of 100 peers
Free cash flow yield(8.7%)4.1%14pricier than 86 of 100 peers
Book value to price(0.50)0.343pricier than 97 of 100 peers
Sales to price8.540.7096pricier than 4 of 100 peers
Composite equity issuance, five yearsnot computable(8.8%)a share count from five years earlier is required
Relative strength against the sector, log excess return(1.57)(0.13)5ahead of 5 of 100 peers

Inputs: market equity $51.0M; EBIT -$50.2M; free cash flow -$4.5M; book equity -$25.5M; sales $435.9M; debt $565.9M; cash $19.3M[17].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: 4 of 9, period end 2025-12-31
Return on assets above zero(49.6%)✗ fail[6,8]
Operating cash flow above zero-$4.4M✗ fail[7]
Return on assets improved57.3 pts✓ pass[6,8,15,18]
Operating cash flow exceeds net income$55.0M✓ pass[6-7]
Long-term leverage fell(5.0 pts)✓ pass[1,8,15,19-20]
Current ratio improved(19.6 pts)✗ fail[9-10,21-22]
No new shares issued27.1%✗ fail[3-4]
Gross margin improved(0.1 pts)✗ fail[2,5,23-24]
Asset turnover improved14.6 pts✓ pass[2,8,15,24]
Cash, filings, liquidity
Cash and equivalents$19.3M[25]
Operating cash flow, four quarters-$23.2M[7,25-29]
Months of runway10.0
Late filings, two years3
NT 10-K or NT 10-Q
Days since last periodic filing51
10-Q received Aug 19, 2026
Median daily dollar volume$421,326
63 sessions
Days since newest grade input177

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$113.2M2025-12-312026-04-1510-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$435.9M2025-12-312026-04-1510-Kfiling · viewer · series
3shares outstandingdei:EntityCommonStockSharesOutstanding79,358,2712026-04-102026-04-1510-Kfiling · viewer · series
4shares outstandingdei:EntityCommonStockSharesOutstanding62,415,6862025-03-242025-03-2810-Kfiling · viewer · series
5gross profitus-gaap:GrossProfit$46.0M2025-12-312026-04-1510-Kfiling · viewer · series
6net incomeus-gaap:NetIncomeLoss-$59.4M2025-12-312026-04-1510-Kfiling · viewer · series
7operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$4.4M2025-12-312026-04-1510-Kfiling · viewer · series
8assetsus-gaap:Assets$119.8M2024-12-312026-04-1510-Kfiling · viewer · series
9current assetsus-gaap:AssetsCurrent$81.2M2025-12-312026-04-1510-Kfiling · viewer · series
10current liabilitiesus-gaap:LiabilitiesCurrent$115.0M2025-12-312026-04-1510-Kfiling · viewer · series
11retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$194.9M2025-12-312026-04-1510-Kfiling · viewer · series
12operating incomeus-gaap:OperatingIncomeLoss-$50.2M2025-12-312026-04-1510-Kfiling · viewer · series
13book equityus-gaap:StockholdersEquity-$32.1M2025-12-312026-04-1510-Kfiling · viewer · series
14liabilitiesus-gaap:Liabilities$145.3M2025-12-312026-04-1510-Kfiling · viewer · series
15assetsus-gaap:Assets$126.7M2023-12-312025-03-2810-Kfiling · viewer · series
16assetsus-gaap:Assets$8.4M2022-12-312024-04-1010-Kfiling · viewer · series
17shares outstandingdei:EntityCommonStockSharesOutstanding114,406,9232026-08-142026-08-1910-Qfiling · viewer · series
18net incomeus-gaap:NetIncomeLoss-$135.5M2024-12-312026-04-1510-Kfiling · viewer · series
19long term debtus-gaap:LongTermDebtNoncurrent$28.8M2025-12-312026-04-1510-Kfiling · viewer · series
20long term debtus-gaap:LongTermDebtNoncurrent$36.7M2024-12-312026-04-1510-Kfiling · viewer · series
21current assetsus-gaap:AssetsCurrent$85.0M2024-12-312026-04-1510-Kfiling · viewer · series
22current liabilitiesus-gaap:LiabilitiesCurrent$94.2M2024-12-312026-04-1510-Kfiling · viewer · series
23gross profitus-gaap:GrossProfit$47.2M2024-12-312026-04-1510-Kfiling · viewer · series
24revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$442.6M2024-12-312026-04-1510-Kfiling · viewer · series
25cashus-gaap:CashAndCashEquivalentsAtCarryingValue$19.3M2026-06-302026-08-1910-Qfiling · viewer · series
26operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$13.7M2026-06-302026-08-1910-Qfiling · viewer · series
27operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$9.9M2026-03-312026-06-2210-Qfiling · viewer · series
28operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$3.8M2025-09-302025-11-1410-Qfiling · viewer · series
29operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$5.0M2025-06-302026-08-1910-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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Source
GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026