UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 001-40336 Karat Packaging Inc. (Exact name of registrant as specified in its charter) (State or other j ...

Karat Packaging Inc. (NASDAQ:KRT) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Roger Pondel - Investor Relations Alan Yu - Chief Executive Officer Jian Guo - Chief Financial Officer Conference Call Participants Jake Bartlett - Truist Securities Ryan Meyers - Lake Street Capital Markets Michael Hoffman - Stifel Ryan Merkel - William Blair Operator Good day and welcome to the Karat Packaging Inc. First Quarter 2023 Earnings Conference Call. Today, all participants will be in l ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 001-40336 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...

Karat Packaging Inc. (NASDAQ:KRT) Q4 2022 Earnings Conference Call March 16, 2023 5:00 PM ET Company Participants Alan Yu - Chief Executive Officer Jian Guo - Chief Financial Officer Roger Pondel - Investor Relations Conference Call Participants Jake Bartlett - Truist Securities Ryan Meyers - Lake Street Michael Hoffman - Stifel Paul Dircks - William Blair Jake Bartlett - Truist Securities Operator Good day! And welcome to the Karat Packaging Inc. Fourth Quarter and Full Year 2022 Earnings Conference Call. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR Washington, D.C. 20549 FORM 10-K (Mark One) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40336 Karat Packaging Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 001-40336 Karat Packaging Inc. (Exact name of registrant as specified in its cha ...

Karat Packaging Inc. (NASDAQ:KRT) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET Company Participants Roger Pondel - Investor Relations Alan Yu - Chief Executive Officer Jian Guo - Chief Financial Officer Conference Call Participants Jake Bartlett - Truist Securities Michael Hoffman - Stifel Ryan Merkel - William Blair Operator Good day and welcome to the Karat Packaging Inc. Third Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. Af ...

Karat Packaging Inc. (NASDAQ:KRT) Q2 2022 Earnings Conference Call August 11, 2022 5:00 PM ET Company Participants Roger Pondel - Investor Relations Alan Yu - Chief Executive Officer Jian Guo - Chief Financial Officer Conference Call Participants Jake Bartlett - Truist Securities Michael Hoffman - Stifel Paul Dircks - William Blair Operator Ladies and gentlemen, thank you for standing-by, and welcome to the Karat Packaging Second Quarter 2022 Earnings Conference Call. [Operator Instructions] I would now li ...

Financial Performance - The company achieved record quarterly revenues of $114.9 million for the three months ended June 30, 2022, representing a 21.5% increase compared to $94.5 million for the same period in 2021[147]. - Net income for the three months ended June 30, 2022, was $7.2 million, despite challenges from commodity input cost inflation and supply chain disruptions[147]. - The company generated consolidated Adjusted EBITDA of $11.8 million for the three months ended June 30, 2022, an increase of 14.6% compared to the same period in 2021[147]. - Gross profit was $34.0 million for the three months ended June 30, 2022, reflecting a 20.9% increase from $28.1 million in the same period in 2021[155]. - Operating income for the three months ended June 30, 2022, was $7.8 million, a 13.6% increase from $6.9 million in the same period in 2021[157]. - Net income for the three months ended June 30, 2022 was $7.2 million, a decrease of $2.1 million, or 22.9%, compared to $9.3 million for the same period in 2021[160]. - Net sales for the six months ended June 30, 2022 were $220.3 million, an increase of $50.1 million, or 29.4%, compared to $170.2 million for the same period in 2021[161]. - Gross profit for the six months ended June 30, 2022 was $68.3 million, an increase of $18.5 million, or 37.3%, with a gross profit margin of 31.0%[165]. - Operating income for the six months ended June 30, 2022 was $17.3 million, an increase of $6.7 million, or 62.5%, compared to $10.6 million for the same period in 2021[167]. - Adjusted EBITDA for the six months ended June 30, 2022 was $24.8 million, with an Adjusted EBITDA margin of 11.3%, compared to $17.2 million and 10.1% for the same period in 2021[178]. Expenses and Costs - Freight and duty costs totaled $20.7 million during the three months ended June 30, 2022, an increase of $10.9 million from the same period in 2021, primarily due to elevated ocean freight rates[149]. - Operating expenses increased by 23.2% to $26.2 million for the three months ended June 30, 2022, compared to $21.2 million for the same period in 2021[156]. - Operating expenses for the six months ended June 30, 2022 were $51.0 million, an increase of $11.9 million, or 30.4%, compared to $39.1 million for the same period in 2021[166]. - Other income for the six months ended June 30, 2022 was $2.3 million, a decrease of $2.2 million, or 49.3%, compared to $4.5 million for the same period in 2021[168]. - Provision for income taxes for the six months ended June 30, 2022 was $4.4 million, with an effective tax rate of 22.6%, compared to $2.7 million and 18.1% for the same period in 2021[169]. Investments and Growth - The company invested $4.0 million to establish a joint venture in Taiwan for manufacturing compostable foodservice products, with production expected to start in the second half of 2022[147]. - The company added 140,000 square feet of warehouse space in May 2022 to enhance operational efficiency and support future growth[147]. - The company made payments totaling $4.0 million towards a joint venture investment in Taiwan during the three months ended June 30, 2022[185]. - The company anticipates making the remaining investment in the joint venture within the next 12 months[185]. - The increase in net sales was driven by $15.4 million from existing customers and $5.0 million from over 4,000 new customers acquired during the three months ended June 30, 2022[153]. - The increase in net sales was primarily driven by an increase of $41.6 million in product sales to existing customers and $8.5 million from over 9,000 new customers[161]. - The company continues to explore options for strategic acquisitions and investments to support business growth[186]. Cash Flow and Liquidity - For the six months ended June 30, 2022, net cash used in operating activities was $7.7 million, compared to net cash provided of $2.7 million for the same period in 2021[190]. - Net cash used in investing activities for the six months ended June 30, 2022 was $12.4 million, which included $1.6 million for manufacturing equipment and $7.6 million in deposits for additional equipment[192]. - Net cash provided by financing activities for the six months ended June 30, 2022 was $17.1 million, primarily from net borrowings of $11.6 million under the Line of Credit[193]. - The company had $11.6 million outstanding on the Line of Credit, $20.7 million under the 2027 Term Loan, and $22.5 million under the 2026 Term Loan as of June 30, 2022[184]. - As of June 30, 2022, the company reported working capital of $96.7 million, an increase of $24.6 million or 34.1% from $72.1 million at December 31, 2021[188]. - Current assets increased by $31.3 million, driven by a $5.7 million increase in accounts receivable and a $27.0 million increase in inventory due to higher sales volume[188]. - The company expects to meet its long-term liquidity needs with cash flows from operations and financing arrangements[187]. Market Conditions - The COVID-19 pandemic and macroeconomic dynamics have created significant uncertainty in the global economy, potentially affecting operations beyond 2022[186].

KARAT PACKAGING INC. (NASDAQ: KRT) June 2022 Investor Presentation One-Stop-Shop Solutions Disposable Foodservice Products DISCLAIMER Forward-Looking Statements Certain statements made in this presentation regarding Karat Packaging Inc. or its affiliates (the "Company") regarding the Company's expectations, beliefs, goals or prospects may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to numerous c ...