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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.

KRT stock data

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
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

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
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%

Financial report summary

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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

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