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
Website
CEO
Alan Yu
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
832237832
KRT stock data
News

Recap: Karat Packaging Q1 Earnings
12 May 22
Karat Packaging Q1 EPS $0.36 Beats $0.27 Estimate, Sales $105.40M Beat $101.43M Estimate
12 May 22
Earnings Scheduled For May 12, 2022
12 May 22
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
Karat Packaging Reports 2022 First Quarter Financial Results
12 May 22
Karat Packaging to Report 2022 First Quarter Financial Results and Host Conference Call on Thursday, May 12, 2022
28 Apr 22
Karat Packaging Enters Definitive Joint Venture Agreement to Build New Factory in Taiwan for Manufacturing Compostable Foodservice Products
7 Apr 22
Karat Packaging Reports Fourth Quarter and Full Year 2021 Financial Results
23 Mar 22
Analyst ratings and price targets
Investment data
Securities sold
Number of investors
Calendar
12 May 22
17 May 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q4 2021
19.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 35 |
Opened positions | 3 |
Closed positions | 3 |
Increased positions | 14 |
Reduced positions | 12 |
13F shares | Current |
---|---|
Total value | 78.79M |
Total shares | 3.9M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Driehaus Capital Management | 630.38K | $12.74M |
Putnam Investments | 570.34K | $11.53M |
American Century Companies | 448.83K | $9.07M |
Wasatch Advisors | 400.2K | $8.09M |
BLK Blackrock | 321.51K | $6.5M |
AWM Investment | 305.99K | $6.18M |
Kornitzer Capital Management | 303K | $6.12M |
Vanguard | 236.59K | $4.78M |
Victory Capital Management | 120.83K | $2.44M |
UBS UBS Group AG - Registered Shares | 96.05K | $1.94M |
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
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Current reports
8-K
Karat Packaging Reports 2022 First Quarter Financial Results
12 May 22
8-K
Other Events
19 Apr 22
8-K
Shareholder Nominations Pursuant to Exchange Act Rule 14a-11
15 Apr 22
8-K
Entry into a Material Definitive Agreement
7 Apr 22
8-K
Fourth Quarter 2021 Earnings Call
24 Mar 22
8-K
Karat Packaging Reports Fourth Quarter and Full Year 2021 Financial Results
23 Mar 22
8-K
Karat Packaging Appoints Jian Guo as New Chief Financial Officer
1 Feb 22
8-K
Departure of Directors or Certain Officers
10 Dec 21
8-K
Karat Packaging Reports 2021 Third Quarter Financial Results
12 Nov 21
8-K
Provides Initial Outlook for Full Year 2021
4 Oct 21
Registration and prospectus
S-8
Registration of securities for employees
23 Apr 21
424B4
Prospectus supplement with pricing info
16 Apr 21
8-A12B
Registration of securities on exchange
14 Apr 21
S-1/A
IPO registration (amended)
30 Mar 21
S-1
IPO registration
18 Feb 21
DRS/A
Draft registration statement (amended)
5 Jan 21
DRSLTR
Correspondence regarding draft registration statement
5 Jan 21
DRS/A
Draft registration statement (amended)
20 Dec 20
DRSLTR
Correspondence regarding draft registration statement
20 Dec 20
Other
EFFECT
Notice of effectiveness
15 Apr 21
CERT
Certification of approval for exchange listing
14 Apr 21
CORRESP
Correspondence with SEC
11 Apr 21
CORRESP
Correspondence with SEC
11 Apr 21
CORRESP
Correspondence with SEC
5 Apr 21
UPLOAD
Letter from SEC
1 Apr 21
UPLOAD
Letter from SEC
29 Dec 20
UPLOAD
Letter from SEC
8 Nov 20
Ownership
4
Karat Packaging / Marvin Cheng ownership change
11 Mar 22
4
Karat Packaging / Eve Yen ownership change
3 Feb 22
3
Karat Packaging / Jian Guo ownership change
2 Feb 22
4
Karat Packaging / Jian Guo ownership change
2 Feb 22
4
Karat Packaging / Marvin Cheng ownership change
3 Jan 22
4
Karat Packaging / Marvin Cheng ownership change
29 Dec 21
4
Karat Packaging / Marvin Cheng ownership change
27 Dec 21
4
Karat Packaging / Joanne Tzu Jung Wang ownership change
21 Dec 21
4
Karat Packaging / Marvin Cheng ownership change
16 Dec 21
4
Karat Packaging / Marvin Cheng ownership change
14 Dec 21
Reddit threads
Daily Discussion Thread - May 12th, 2022
12 May 22
Daily Discussion Thread - May 11th, 2022
11 May 22
Daily Discussion Thread - March 23rd, 2022
23 Mar 22
Daily Discussion Thread - March 22nd, 2022
22 Mar 22
Daily Discussion Thread - March 21st, 2022
21 Mar 22
Daily Discussion Thread - March 8th, 2022
8 Mar 22
Daily Discussion Thread - March 7th, 2022
7 Mar 22
Daily Discussion Thread - March 3rd, 2022
3 Mar 22
Daily Discussion Thread - March 2nd, 2022
2 Mar 22
Daily Discussion Thread - March 1st, 2022
1 Mar 22