Karat Packaging stock price, funding rounds, valuation and financials

Karat Packaging has raised $1.90 m in total funding. Karat Packaging annual revenue was $175.43 m in FY 2018

$60 M

Karat Packaging Revenue Q2, 2019
Karat Packaging Gross profit (Q2, 2019)17 M
Karat Packaging Gross profit margin (Q2, 2019), %28.3%
Karat Packaging Net income (Q2, 2019)2.7 M
Karat Packaging EBIT (Q2, 2019)2.9 M
Karat Packaging Cash, 30-Jun-20194.3 M

Karat Packaging Revenue

Karat Packaging revenue was $175.43 m in FY, 2018 which is a 25.3% year over year increase from the previous period.

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Karat Packaging Funding

Summary Metrics

Founding Date

2000

Karat Packaging total Funding

$1.9 m

Karat Packaging latest funding size

$1.90 m

Time since last funding

a year ago
Karat Packaging's latest funding round in October 2018 was reported to be $1.9 m. In total, Karat Packaging has raised $1.9 m

Karat Packaging Income Statement

Annual

USDFY, 2017FY, 2018

Revenue

140.1m175.4m

Revenue growth, %

25%

Cost of goods sold

98.8m132.0m

Gross profit

41.3m43.5m

Gross profit Margin, %

29%25%

Sales and marketing expense

6.5m9.3m

General and administrative expense

28.8m32.0m

Operating expense total

35.3m41.3m

EBIT

6.0m2.1m

EBIT margin, %

4%1%

Interest expense

1.3m1.5m

Pre tax profit

4.6m1.5m

Income tax expense

96.0k1.7m

Net Income

4.5m(124.0k)

Quarterly

USDQ1, 2019Q2, 2019

Revenue

48.4m60.0m

Cost of goods sold

35.8m43.0m

Gross profit

12.7m17.0m

Gross profit Margin, %

26%28%

Sales and marketing expense

3.3m4.2m

General and administrative expense

8.5m10.1m

Operating expense total

11.8m14.3m

EBIT

(42.0k)2.9m

EBIT margin, %

0%5%

Interest expense

550.0k2.3m

Pre tax profit

(42.0k)2.9m

Income tax expense

86.0k195.0k

Net Income

(128.0k)2.7m

Karat Packaging Balance Sheet

Annual

USDFY, 2017FY, 2018

Cash

791.0k965.0k

Accounts Receivable

11.2m14.7m

Prepaid Expenses

1.4m2.0m

Current Assets

42.3m47.6m

PP&E

19.8m38.1m

Total Assets

64.1m96.0m

Accounts Payable

11.6m15.1m

Short-term debt

25.1m39.7m

Current Liabilities

45.6m60.5m

Long-term debt

7.8m12.0m

Total Debt

32.9m51.7m

Total Liabilities

53.4m74.1m

Common Stock

15.0k15.0k

Additional Paid-in Capital

3.5m14.0m

Retained Earnings

7.9m21.0k

Total Equity

10.7m21.9m

Debt to Equity Ratio

2.4 x

Debt to Assets Ratio

0.5 x

Financial Leverage

6 x4.4 x

Quarterly

USDQ2, 2019

Cash

4.3m

Accounts Receivable

21.2m

Prepaid Expenses

2.4m

Current Assets

67.5m

PP&E

44.0m

Total Assets

133.3m

Accounts Payable

19.1m

Short-term debt

7.9m

Current Liabilities

33.3m

Long-term debt

70.8m

Total Debt

78.7m

Total Liabilities

108.9m

Common Stock

15.0k

Additional Paid-in Capital

14.0m

Retained Earnings

1.7m

Total Equity

24.4m

Debt to Equity Ratio

3.2 x

Debt to Assets Ratio

0.6 x

Financial Leverage

5.5 x

Karat Packaging Cash Flow

Annual

USDFY, 2017FY, 2018

Net Income

4.6m(124.0k)

Depreciation and Amortization

3.1m4.0m

Accounts Receivable

(1.3m)(3.5m)

Inventories

(7.8m)(985.0k)

Accounts Payable

1.7m3.3m

Cash From Operating Activities

1.0m2.7m

Purchases of PP&E

(5.5m)(22.1m)

Cash From Investing Activities

(6.4m)(24.3m)

Long-term Borrowings

(2.5m)(9.0m)

Dividends Paid

(700.0k)(1.2m)

Cash From Financing Activities

6.0m21.8m

Net Change in Cash

610.0k174.0k

Interest Paid

1.3m1.5m

Income Taxes Paid

97.0k530.0k

Quarterly

USDQ2, 2018Q2, 2019

Net Income

7.0k2.6m

Depreciation and Amortization

1.9m2.4m

Accounts Receivable

(3.8m)(6.5m)

Inventories

(1.4m)(9.3m)

Accounts Payable

4.8m4.0m

Cash From Operating Activities

2.3m(9.6m)

Purchases of PP&E

(6.1m)(14.0m)

Cash From Investing Activities

643.0k(14.5m)

Long-term Borrowings

(7.4m)(22.4m)

Cash From Financing Activities

1.8m27.5m

Net Change in Cash

4.7m3.4m

Interest Paid

630.0k1.3m

Income Taxes Paid

300.0k4.0k

Karat Packaging Ratios

USDY, 2019

Revenue/Employee

110.7k

Debt/Equity

3.2 x

Debt/Assets

0.6 x

Financial Leverage

5.5 x

Karat Packaging Operating Metrics

Karat Packaging's Customers was reported to be 5 k in Sep, 2019.
Sep, 2019

Customers

5 k

Distribution Centers

4

Manufacturing Facilities, square feet

800 k

Trademarks

16