Karat Packaging (KRT)

Company Profile

lollicup usa domestically manufactures & distributes karat® paper & plastic disposable foodservice products, and tea zone® coffee & beverage supplies for thousands of retail business accounts, including several fortune 500 restaurant franchises. founded in 2000 by alan yu and marvin cheng, lollicup usa began with the opening of our first bubble tea café in san gabriel, ca, bringing the popular taiwanese boba milk tea to the u.s. market. by 2004, over 60 stores were opened across six states. with two new locations in chengdu, china, we are currently updating our existing locations and plan on opening additional stores in the near future, expanding overseas into europe and the middle east. to maintain consistent quality for our retail stores, lollicup usa established two brands, tea zone® and karat®, in 2001 and 2004 respectively. tea zone™ offers high-quality bubble tea & beverage ingredients, while karat® provides premium paper & plastic disposable goods. while expanding our company, w

Company profile

Ticker

KRT

Exchange

NASDAQ

Website

karatpackaging.com

CEO

Alan Yu

Incorporated

Delaware

Location

California

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 • Entegris • Armstrong Flooring • 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

Latest filings (excl ownership)

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8-K

Karat Packaging Reports 2023 Third Quarter Financial Results

9 Nov 23

Departure of Directors or Certain Officers

11 Oct 23

8-K

Karat Packaging Inc. Announces Proposed Secondary Offering of Common Stock

12 Sep 23

424B3

Prospectus supplement

8 Sep 23

424B3

Prospectus supplement

7 Sep 23

8-K

Karat Packaging Appoints Jian Guo Board of Directors

5 Sep 23

8-K

Company Appoints Chief Revenue Officer

9 Aug 23

Karat Packaging Reports 2023 Second Quarter Financial Results

9 Aug 23

Transcripts

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KRT

Earnings call transcript

2023 Q3

9 Nov 23

KRT

Earnings call transcript

2023 Q2

9 Aug 23

KRT

Earnings call transcript

2023 Q1

10 May 23

KRT

Earnings call transcript

2022 Q4

16 Mar 23

KRT

Earnings call transcript

2022 Q3

10 Nov 22

KRT

Earnings call transcript

2022 Q2

12 Aug 22

KRT

Earnings call transcript

2022 Q1

14 May 22

KRT

Earnings call transcript

2021 Q4

24 Mar 22

KRT

Earnings call transcript

2021 Q3

12 Nov 21

KRT

Earnings call transcript

2021 Q2

13 Aug 21

Latest ownership filings

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144

Notice of proposed sale of securities

28 Nov 23

144

Notice of proposed sale of securities

Financial summary

Financial statements Chart KRT financial data

Quarter (USD)	Sep 23	Jun 23	Mar 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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

Financial data from company earnings reports.

Institutional ownership, Q2 2023

KRT institutional ownership history Ownership history

20.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	51	44	+15.9%
Opened positions	10	4	+150.0%
Closed positions	3	4	-25.0%
Increased positions	22	15	+46.7%
Reduced positions	14	17	-17.6%

13F shares	Current	Prev Q	Change
Total value	71.81 bn	54.36 bn	+32.1%
Total shares	4.11 mm	4.14 mm	-0.7%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Wellington Management	590.84 k	$10.78 bn	+173.7%
Wasatch Advisors	483.81 k	$8.83 bn	-2.2%
American Century Companies	454.52 k	$8.29 bn	+1.5%
AMP Ameriprise Financial	348.97 k	$6.37 bn	NEW
BLK Blackrock	343.30 k	$6.27 bn	+7.7%
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management	330.25 k	$6.03 bn	-0.9%
Vanguard	279.78 k	$5.11 bn	-1.2%
Kornitzer Capital Management	207.50 k	$3.79 bn	-31.5%
Gratia Capital	143.69 k	$2.62 bn	+47.5%
Geode Capital Management	114.16 k	$2.08 bn	+6.3%

Largest transactions	Shares	Bought/sold	Change
Driehaus Capital Management	0.00	-570.88 k	EXIT
Wellington Management	590.84 k	+375.00 k	+173.7%
AMP Ameriprise Financial	348.97 k	+348.97 k	NEW
Putnam Investments	0.00	-316.74 k	EXIT
Kornitzer Capital Management	207.50 k	-95.50 k	-31.5%
Uniplan Investment Counsel	87.51 k	+87.51 k	NEW
AWM Investment	0.00	-75.36 k	EXIT
Millennium Management	61.32 k	+61.32 k	NEW
Gratia Capital	143.69 k	+46.29 k	+47.5%
BMO Bank of Montreal	29.45 k	+29.45 k	NEW

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.

Recent insider trades

KRT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 Oct 23	Daniel Quire	Common Stock	Sell	Dispose S	No	No	22.0877	490	10.82 k	5,692
17 Oct 23	Joanne Tzu Jung Wang	Common Stock	Sell	Dispose S	No	No	22.0877	8,645	190.95 k	23,578
15 Oct 23	Joanne Tzu Jung Wang	Common Stock	Option exercise	Acquire M	No	No	0	25,000	0.00	32,223
15 Oct 23	Joanne Tzu Jung Wang	RSU Common Stock	Option exercise	Dispose M	No	No	0	25,000	0.00	0
15 Oct 23	Daniel Quire	Common Stock	Option exercise	Acquire M	No	No	0	1,666	0.00	6,182
15 Oct 23	Daniel Quire	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,666	0.00	0
19 Sep 23	Marvin Cheng	Common Stock	Sell	Dispose S	No	No	21	150,000	3.15 mm	6,099,727