Company: APT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033545
Chunk: 39

Company: ALPHA PRO TECH LTD
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 39
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69,000 was accrued for the three months ended September 30, 2025, compared to $58,000 for the three months ended September 30, 2024. A bonus amount of $194,000 was accrued for the nine months ended September 30, 2025, compared to $207,000 for the nine months ended September 30, 2024.

Depreciation and Amortization. Depreciation and amortization expense decreased by $42,000, or 17.1%, to $203,000 for the three months ended September 30, 2025, from $245,000 for the three months ended September 30, 2024. Depreciation and amortization expense decreased by $48,000, or 6.5%, to $686,000 for the nine months ended September 30, 2025, from $734,000 for the nine months ended September 30, 2024.

Income from Operations. Income from operations increased by $360,000, or 48.8%, to $1,097,000 for the three months ended September 30, 2025, compared to $737,000 for the three months ended September 30, 2024. The increased income from operations was primarily due to an increase in gross profit of $384,000 and a decrease in depreciation and amortization expenses of $42,000, partially offset by an increase in selling, general and administrative expenses of $66,000. Income from operations as a percentage of net sales for the three months ended September 30, 2025, was 7.4%, compared to 5.2% for the three months ended September 30, 2024.

Income from operations increased by $112,000, or 4.0%, to $2,887,000 for the nine months ended September 30, 2025, compared to $2,775,000 for the nine months ended September 30, 2024. The increased income from operations was primarily due to a decrease in selling, general and administrative expenses of $416,000 and a decrease in depreciation and amortization expenses of $48,000, partially offset by a decrease in gross profit of $352,000. Income from operations as a percentage of net sales for the nine months ended September 30, 2025, was 6.4%, compared to 6.3% for the nine months ended September 30,