Karat Packaging stock price, funding rounds, valuation and financials

Karat Packaging has raised $1.9 m in total funding. Karat Packaging annual revenue was $295.52 m in FY 2020

$94.5 M

Karat Packaging Revenue Q2, 2021
Karat Packaging Gross profit (Q2, 2021)28.1 M
Karat Packaging Gross profit margin (Q2, 2021), %29.7%
Karat Packaging Net income (Q2, 2021)9.3 M
Karat Packaging EBIT (Q2, 2021)6.9 M
Karat Packaging Cash, 30-Jun-2021200 K
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Karat Packaging Revenue

Karat Packaging revenue was $295.52 m in FY, 2020 which is a 31.4% 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

$1.9 m

Time since last funding

3 years 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, 2019FY, 2020

Revenue

224.9m295.5m

Revenue growth, %

28%31%

Cost of goods sold

163.9m206.4m

Gross profit

61.0m89.1m

Gross profit Margin, %

27%30%

Sales and marketing expense

16.5m22.2m

General and administrative expense

38.7m39.2m

Operating expense total

5.5m61.4m

EBIT

5.8m27.7m

EBIT margin, %

3%9%

Interest expense

4.8m5.5m

Pre tax profit

2.9m21.9m

Income tax expense

781.0k5.3m

Net Income

2.2m16.7m

EPS

0.11.1

Quarterly

USDQ2, 2021

Revenue

94.5m

Cost of goods sold

66.4m

Gross profit

28.1m

Gross profit Margin, %

30%

Sales and marketing expense

7.8m

General and administrative expense

13.5m

Operating expense total

21.2m

EBIT

6.9m

EBIT margin, %

7%

Interest expense

1.1m

Interest income

16.0k

Pre tax profit

10.9m

Income tax expense

1.5m

Net Income

9.3m

Karat Packaging Balance Sheet

Annual

USDFY, 2019FY, 2020

Cash

802.0k448.0k

Accounts Receivable

21.0m23.8m

Prepaid Expenses

3.1m6.5m

Inventories

35.4m49.0m

Current Assets

61.0m79.8m

PP&E

59.0m95.5m

Goodwill

64.0k

Total Assets

133.4m181.1m

Accounts Payable

19.0m20.1m

Short-term debt

7.2m11.7m

Current Liabilities

35.9m43.1m

Long-term debt

41.3m53.7m

Total Debt

48.5m65.4m

Total Liabilities

109.3m141.2m

Common Stock

15.0k15.0k

Additional Paid-in Capital

14.0m14.0m

Retained Earnings

1.7m18.7m

Total Equity

24.1m39.9m

Debt to Equity Ratio

2 x1.6 x

Debt to Assets Ratio

0.4 x0.4 x

Financial Leverage

5.5 x4.5 x

Quarterly

USDQ2, 2021

Cash

200.0k

PP&E

47.2m

Karat Packaging Cash Flow

Annual

USDFY, 2019FY, 2020

Net Income

2.2m16.7m

Depreciation and Amortization

6.0m8.6m

Accounts Receivable

(6.3m)(2.9m)

Inventories

(311.0k)(13.8m)

Accounts Payable

3.9m1.0m

Cash From Operating Activities

(32.0k)14.5m

Purchases of PP&E

(32.6m)(29.5m)

Cash From Investing Activities

(24.8m)(37.4m)

Long-term Borrowings

(26.1m)(7.7m)

Dividends Paid

(606.0k)

Cash From Financing Activities

24.6m22.5m

Net Change in Cash

(163.0k)(354.0k)

Interest Paid

3.3m3.9m

Income Taxes Paid

154.0k2.5m

Quarterly

USDQ2, 2021

Net Income

12.4m

Depreciation and Amortization

4.9m

Accounts Receivable

(8.8m)

Inventories

(13.1m)

Accounts Payable

4.3m

Cash From Operating Activities

(2.7m)

Purchases of PP&E

(957.0k)

Cash From Investing Activities

(4.8m)

Long-term Borrowings

(22.9m)

Cash From Financing Activities

14.8m

Net Change in Cash

7.2m

Interest Paid

2.0m

Income Taxes Paid

1.6m

Karat Packaging Ratios

USDFY, 2019

Revenue/Employee

415.0k

Debt/Equity

2 x

Debt/Assets

0.4 x

Financial Leverage

5.5 x

Karat Packaging Operating Metrics

Karat Packaging's Customers was reported to be 50 k in FY, 2020.
Sep, 2019FY, 2020Apr, 2021

Bobtails

10

Chassis

21

Customers

5 k50 k

Distribution Centers

4

Drivers

29

Facilities

6

Manufacturing Facilities, sq. ft.

800 k800 k

Trademarks

162

Trailers

2528

Trucks

2526

Warehouse Storage and Distribution Facility, sq.ft.

1.02 m

Karat Packaging Employee Rating

2.15 votes
Culture & Values
2.5
Work/Life Balance
2
Senior Management
2
Salary & Benefits
3
Career Opportunities
3
Source