Alpha Pro Tech, Ltd. (NYSEMKT:APT)
pops 16% pre-market after disclosing orders for its proprietary N-95
Particulate Respirator face mask rose 62% from March 11, adding $14.1
million to its March 11 total.
APT has seen “exponential increases” in near-term
and long-term purchase orders that extend beyond Q3 2020 and 1H 2021.
Alpha Pro has also seen a “significant increase” in face shield
products, with orders reaching $11.6 million since Jan. 27.
NOTE: APT has booked quarterly revenue in the range of $7-8 million for the past 7 quarters.
Affirms expectations to ramp up its phase 1 face
mask production by early May, and cautions that its JV in India to
produce other disposable protective apparel is under a Government
mandated shutdown and the co. will seek other measures.
https://seekingalpha.com/news/3559256-nminus-95-mask-maker-alpha-pro-tech-surges-after-booking-62-order-growth
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