Net Income for Q1 2023 Amounts to $552,000

Alpha Pro Tech, Ltd.(APT), a leading manufacturer of protective apparel and infection control products, has released its financial results for the first quarter of 2023. The company reported a net income of $552,000 for the quarter, showcasing its resilience and adaptability in a dynamic business landscape. The revenue for the quarter stood at $13.8 million, reflecting the company's ongoing commitment to meeting market demands while effectively managing costs.

Financial Statements Overview

Condensed Consolidated Balance Sheets

As of March 31, 2023, Alpha Pro Tech's total assets amounted to $64.1 million, with current assets accounting for $51.8 million. The company maintained a healthy balance of cash and cash equivalents at $13.8 million, along with accounts receivable and inventories. The balance sheet highlighted the company's ongoing investments in property and equipment, goodwill, and intangible assets.