Alpha Pro Tech (APT) risk factors, FY2025 10-K

Alpha Pro Tech's FY2025 10-K, filed Mar 11, 2026, lists 17 risk factors in 3 groups. Against the prior year's 17: 4 substantially reworded.

Open APT in Gloom →
Alpha Pro Tech's chart, financials and news, free in your browser.Open APT in Gloom →
Risk factors listed
173 groups
New this year
0vs 17 last year
Dropped
0since the prior 10-K
Substantially reworded
4of those kept
Section length
4k wordsItem 1A

What the changes say

  • Customer concentration details emerged, showing two specific customers generated 24% and 15% of revenue in 2025.
  • Tariff disclosures shifted from specific February 2025 presidential announcements to broader ongoing trade disputes and Chinese import tariffs.

What changed since the prior 10-K

Reworded

  • 80% rewrittenRisks Related to Our Industry

    The loss of any large customer or a reduction in orders from any large customer could reduce our net sales and harm our operating results

    Added specific customer concentration figures, noting one customer accounted for 24% of 2025 revenue and 53% of accounts receivable.

  • 78% rewrittenRisks Related to Our Industry

    Tariff policies and potential countermeasures could continue to increase our costs and disrupt our global supply chain, which could negatively impact the results of our operations

    Removed references to specific February 2025 tariff announcements by President Trump on Canada, Mexico, and China, replacing them with broader trade dispute risks.

    Was: Tariff policies and potential countermeasures could increase our costs and disrupt our global supply chain, which could negatively impact the results of our operations

  • 64% rewrittenRisks Related to Our Industry

    Environmental laws and regulations may subject us to significant liabilities

    Removed a trailing sentence fragment referencing governmental authorities in the U.S. from the environmental liabilities risk description.

  • 44% rewrittenGeneral Risks

    Uncertainties with respect to the development, deployment, and use of artificial intelligence in our business and products may result in harm to our business and reputation

    The text regarding artificial intelligence risks remained substantively unchanged.

All 17 risk factors

Headings as the filing states them, in filing order.

Risks Related to our Unconsolidated Affiliate Operations in India and Foreign Currency Translations

  1. 01Our unconsolidated affiliate operations in India expose us to foreign currency exchange risks
  2. 02Our joint venture, as well as any additional joint ventures, may present risks

Risks Related to Our Industry

  1. 03The loss of any large customer or a reduction in orders from any large customer could reduce our net sales and harm our operating results80% rewritten
  2. 04We rely on suppliers and contractors, and our business could be seriously harmed if these suppliers and contractors are not able to meet our requirements
  3. 05There are risks associated with international manufacturing that could have a significant effect on our business
  4. 06political and economic instability
  5. 07Tariff policies and potential countermeasures could continue to increase our costs and disrupt our global supply chain, which could negatively impact the results of our operations78% rewritten
  6. 08Our success depends in part on protection of our intellectual property, and our failure to protect our intellectual property could adversely affect our competitive advantage, our brand recognition and our business
  7. 09Our industry is highly competitive, which may negatively affect our ability to grow our customer base and generate sales
  8. 10The Company’s results are affected by competitive conditions and customer preferences
  9. 11Environmental laws and regulations may subject us to significant liabilities64% rewritten
  10. 12The Company’s growth objectives are largely dependent on the timing and market acceptance of our new product offerings, including our ability to continually renew our pipeline of new products and to bring those products to market

General Risks

  1. 13Global economic conditions could adversely affect the Company’s business and financial results
  2. 14Climate change and natural disasters or other events beyond our control could disrupt our business and result in loss of revenue or higher expenses
  3. 15Uncertainties with respect to the development, deployment, and use of artificial intelligence in our business and products may result in harm to our business and reputation44% rewritten
  4. 16The Company’s future results may be affected by various legal and regulatory proceedings and legal compliance risks
  5. 17Our common stock price is volatile, which could result in substantial losses for individual shareholders

Other Alpha Pro Tech 10-Ks

  • FY2024 10-K risk factors
    17 risks

    Alpha Pro Tech relies heavily on international manufacturing in Asia and Mexico, exposing it to tariffs and supply chain risks. Expiration of key patents in February 2024 threatens intellectual property protection and competitive advantage. The company faces high concentration and competitive pressures with limited control over joint venture operations in India.

    Filed Mar 12, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.