{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-008295","form_type":"8-K","ticker":"KRT","cik":"0001758021","company_name":"Karat Packaging Inc.","filed_at":"2023-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.431786+00:00","generated_at":"2026-06-18T00:44:26.120136+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Karat Q4 net income $4.5M, down from $6.0M; full-year net sales $423M (+16.1%)","bullets":["Q4 net sales $92.7M (+1.5% YoY); gross margin 32.0% (+100 bps) despite $1.7M inventory write-off.","Full-year 2022 net income $25.8M vs $22.4M (incl. $5M debt forgiveness); adjusted EBITDA $45.6M.","2023 outlook: net sales expected high single-digit growth; gross margin target 32%-33%.","Adding warehouses in Chicago and Houston; scaling back CA manufacturing; expanding sales team ~35%.","Eco-friendly product sales in Q4 up 24% YoY; new chain contracts expected to benefit H2 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-008295","json":"https://secwatch.observer/filing/0001628280-23-008295.json","markdown":"https://secwatch.observer/filing/0001628280-23-008295.md","text":"https://secwatch.observer/filing/0001628280-23-008295.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1758021/000162828023008295/0001628280-23-008295-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1758021/000162828023008295/krt-20230316.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T00:44:26.120136+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7705e54116ea380386e3922cb5ef1245c6531cde","claim":"Karat Packaging Inc. reported fourth quarter and year ended December 31, 2022 results: revenue $92.7 million, net income $4.5 million, EPS $0.23 per diluted share.","evidence_excerpt":"products and related items, today announced financial results for its fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Highlights • Net sales of $92.7 million, up 1.5 percent from the prior-year quarter. • Gross profit of $29.7 million, negatively impacted by an out-of-period inventory write-off of $1.7 million, up 4.8 percent from the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758021/000162828023008295/0001628280-23-008295-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and year ended December 31, 2022"},{"label":"Revenue","value":"$92.7 million"},{"label":"Net income","value":"$4.5 million"},{"label":"EPS","value":"$0.23 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}