Karat(KRT) - 2023 Q4 - Annual Results
1 • Fourth quarter 2023 financial results included: ◦ Change of estimate on import duty reserve totaling 1.1 million of a vendor prepayment upon the resolution of a legal contingency, an increase to general and administrative expenses. ◦ Out-of-period tax adjustment of $0.3 million, an increase to provision for income taxes. ◦ Misclassification adjustments for the full year amounts within the income statement with no impact on net income: ▪ Ad ...