Karat Packaging (KRT)

Karat Packaging Inc. manufactures and distributes disposable products. The Company offers wide range of products for the foodservice industry, including food packaging, containers, tableware, cups, lids, cutlery, and straws. Karat Packaging serves customers worldwide.

Company profile

Ticker

KRT

Exchange

NASDAQ

Website

karatpackaging.com

CEO

Alan Yu

Incorporated

California

Location

United States

Fiscal year end

Dec 31

Sector

Manufacturing > All Other Plastics Product Manufacturing

Industry (SIC)

Plastics Products, NEC

Newell Brands • Berry Global • Armstrong World Industries • Aptargroup • Tupperware Brands • AZEK • Armstrong Flooring • Entegris • Latham • Myers Industries ...

SEC CIK

0001758021

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

832237832

KRT stock data

1M 1Y 5Y

News

From Benzinga Pro

Recap: Karat Packaging Q1 Earnings

12 May 22

Karat Packaging (NASDAQ:KRT) reported its Q1 earnings results on Thursday, May 12, 2022 at 04:10 PM. Here's what investors need to know about the announcement. Earnings Karat Packaging beat estimated earnings by 33.33%, reporting an EPS of $0.36 versus an estimate of $0.27.

Karat Packaging Q1 EPS $0.36 Beats $0.27 Estimate, Sales $105.40M Beat $101.43M Estimate

12 May 22

Karat Packaging (NASDAQ:KRT) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.27 by 33.33 percent. This is a 176.92 percent increase over earnings of $0.13 per share from the

Earnings Scheduled For May 12, 2022

12 May 22

Companies Reporting Before The Bell • Chicago Atlantic Real (NASDAQ:REFI) is projected to report earnings for its first quarter.

Karat's Goal Is To Build First-Of-Its-Kind Bagasse Production Plant In US: CEO Alan Yu

8 Apr 22

Karat Packaging Forms JV To Build New Factory In Taiwan

7 Apr 22

Press releases

From Benzinga Pro

Karat Packaging Reports 2022 First Quarter Financial Results

12 May 22

CHINO, Calif., May 12, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat"), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items,

Karat Packaging to Report 2022 First Quarter Financial Results and Host Conference Call on Thursday, May 12, 2022

28 Apr 22

CHINO, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. ("Karat" or the "Company") (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and

Karat Packaging Enters Definitive Joint Venture Agreement to Build New Factory in Taiwan for Manufacturing Compostable Foodservice Products

7 Apr 22

-- Investment Further Demonstrates Company's Green Initiative and Plan for Enhanced Vertical Integration to Accelerate Growth -- CHINO, Calif., April 07, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT)

Karat Packaging Reports Fourth Quarter and Full Year 2021 Financial Results

23 Mar 22

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

12 May 22

17 May 22

31 Dec 22

Financial summary

Financial statements Chart KRT financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	6.82M	6.82M	6.82M	6.82M	6.82M	6.82M
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	(no burn)	3.81M	604.33K
Cash used (since last report)	n/a	n/a	n/a	n/a	5.92M	939.68K
Cash remaining	n/a	n/a	n/a	n/a	897.35K	5.88M
Runway (months of cash)	n/a	n/a	n/a	n/a	0.2	9.7

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

KRT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 Mar 22	Marvin Cheng	Common Stock	Gift	Dispose G	No	No	0	2,500	0	6,758,852
2 Feb 22	Marvin Cheng	Common Stock	Gift	Dispose G	No	No	0	59,524	0	6,761,352
2 Feb 22	Marvin Cheng	Common Stock	Gift	Dispose G	No	No	0	59,524	0	6,820,876
1 Feb 22	Jian Guo	Stock Option Common Stock	Grant	Acquire A	No	No	16.53	50,000	826.5K	50,000
1 Feb 22	Jian Guo	RSU Common Stock	Grant	Acquire A	No	No	0	7,500	0	7,500
31 Dec 21	Marvin Cheng	Common Stock	Gift	Dispose G	No	No	0	15,000	0	6,880,400
29 Dec 21	Marvin Cheng	Common Stock	Gift	Dispose G	No	No	0	43,479	0	6,895,400
29 Dec 21	Marvin Cheng	Common Stock	Gift	Dispose G	No	No	0	5,000	0	6,938,879

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q4 2021

KRT institutional ownership history Ownership history

19.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	35	35	–
Opened positions	3	3	–
Closed positions	3	5	-40.0%
Increased positions	14	14	–
Reduced positions	12	9	+33.3%

13F shares	Current	Prev Q	Change
Total value	78.79M	82.94M	-5.0%
Total shares	3.9M	3.94M	-1.1%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Driehaus Capital Management	630.38K	$12.74M	-4.7%
Putnam Investments	570.34K	$11.53M	-7.7%
American Century Companies	448.83K	$9.07M	+4.4%
Wasatch Advisors	400.2K	$8.09M	+10.0%
BLK Blackrock	321.51K	$6.5M	+1.2%
AWM Investment	305.99K	$6.18M	-23.5%
Kornitzer Capital Management	303K	$6.12M	0.0%
Vanguard	236.59K	$4.78M	-27.3%
Victory Capital Management	120.83K	$2.44M	NEW
UBS UBS Group AG - Registered Shares	96.05K	$1.94M	+29.4%

Largest transactions	Shares	Bought/sold	Change
Victory Capital Management	120.83K	+120.83K	NEW
AWM Investment	305.99K	-94.01K	-23.5%
Vanguard	236.59K	-88.83K	-27.3%
Wellington Management	76.19K	+76.19K	NEW
EAM Investors	0	-54.76K	EXIT
Putnam Investments	570.34K	-47.48K	-7.7%
Wasatch Advisors	400.2K	+36.53K	+10.0%
Driehaus Capital Management	630.38K	-31.08K	-4.7%
BK Bank Of New York Mellon	22.29K	+22.29K	NEW
UBS UBS Group AG - Registered Shares	96.05K	+21.85K	+29.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Net sales were $105.4 million for the three months ended March 31, 2022 compared to $75.7 million for the three months ended March 31, 2021, an increase of $29.7 million, or 39.3%. The increase in net sales was primarily driven by an increase of $22.8 million in product sales to our existing customers, as we continue to grow wallet share with existing customers, and an incremental net sales of $6.8 million from more than 5,000 new customers in the three months ended March 31, 2022. Out of the total net sales increase of $29.7 million compared to three months ended March 31, 2021, approximately $16.3 million was attributable to price increases due to the pass through of inflation, $7.4 million was incremental sales from new SKUs, $4.0 million was primarily associated with the sales volume increase and $1.9 million represented an increase in logistic services and shipping revenue.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: accrual, accuracy, acquiree, annum, attorney, automation, background, bagasse, bearing, boba, card, commencement, commencing, commodity, comparison, compelled, complemented, conflict, covenant, curtail, description, detect, differentiated, diversification, Dollar, drew, education, efficacy, elevated, enhance, enhanced, ensure, enterprise, environment, exacerbated, facilitate, factory, fairly, flexibility, fuel, Green, heading, hire, hired, identification, inadequate, ineffective, infrastructure, installation, insufficient, intrinsic, joint, jointly, JV, labor, lack, large, largely, lingering, listed, macro, macroeconomic, misstatement, Moon, multiplied, navigate, negotiated, NetSuite, network, Notwithstanding, numerical, optimize, order, overdraft, perspective, prepaid, procedure, procurement, profile, quickly, reconciliation, remedial, remediate, remediated, remediation, removed, repaid, repair, retention, revolving, run, Russia, sanitizing, seek, seeking, segregation, shift, shortage, spectrum, Sponsoring, step, strong, structure, subtracting, successful, sum, superior, supervision, Taiwan, Taiwanese, team, terminology, training, Treadway, treasury, Ukraine, underway, unduly, upcoming, venture, volume, wallet, warranted, withdraw, withholding, worsen

Removed: actively, add, adherence, afforded, aid, Alan, allocating, allocation, amortize, announced, arrangement, attempt, August, bargain, begin, belief, binding, book, building, calculating, called, category, caution, cautionary, Certificate, certify, challenged, channel, Cheng, claimed, clarify, combined, communicated, community, competition, conformity, consistent, constitute, contemplate, contra, contractually, curb, declined, deducted, detailed, detrimental, difficult, diluting, disclose, diversifying, double, duration, earlier, EGC, eligibility, emergency, enactment, enforceable, enter, entirety, envision, evidenced, evolution, exclusion, executed, experienced, expire, expired, explicit, expressly, face, faith, fast, federal, fifty, finance, forecasted, forgivable, forward, fully, funded, globally, goal, good, gravity, guarantor, holder, impaired, implicit, impossible, imputed, inception, inclusive, Incorporation, ineligible, initially, institution, intend, interpretation, intraperiod, involvement, issuable, issue, issuer, land, largest, legally, length, lessee, lessor, licensed, likelihood, location, magnitude, maintaining, managed, manner, Marvin, maturing, membership, mentioned, methodology, monitored, monitoring, opened, opposed, oral, origin, originating, outbreak, par, partnership, Paycheck, payroll, peak, performing, permanent, personal, plant, PPP, precisely, predict, preferred, preliminarily, prescribed, processed, professional, prospectively, Protection, protective, qualifying, rapid, receipt, recoverability, recovered, reflected, Reform, region, renew, renewal, repay, replace, retrospectively, rolling, scope, settled, shareholder, Simplifying, situation, Southeast, standardized, stated, statutory, store, strain, submitted, subordination, substantial, Subtopic, summarized, supplying, target, taxing, technical, tested, timeline, treated, twelve, ultimate, unanticipated, unexercised, unforgiven, unpaid, utilize, vary, varying, virtue, vote, written, Wuhan, Yu

From filing 10-Q 2022 Q1

Financial reports