In addition, it expects its revenue to increase by the 'mid-teens' for the full year, and to achieve profitability on the basis of adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) in 2023.Īnalysts expect Blue Apron's revenue to rise 14% to $534 million this year, but for its adjusted EBITDA loss to widen from $39 million to $46 million.

Its average order value rose from $58.78 to $63.78, while its average revenue per customer grew from $246 to $319.īlue Apron's revenue declined 9% year over year in the first quarter of 2022, but it expects to return to growth in the second quarter. Between the fourth quarters of 20, Blue Apron's average orders per customer increased from 4.2 to 5.0. This reduces our liquidity covenant and we believe it can give us more flexibility as we continue to evaluate and potentially execute other financing opportunities, a business combination or other strategic transactions.That strategy has been slowly but surely working. “We also amended our debt agreement to fully pay down our debt on an accelerated schedule. In parallel, looking at the same time period, planned expense reductions announced in the fourth quarter of 2022 have already reduced our cash burn by more than 50% year-over-year.” “As of the end of February, in comparison to last quarter, we cut our Cost Per Acquisition by about half and are seeing conversion improvements of more than 25%. These actions are already resulting in a positive impact in 2023.” We adjusted late last year by adding new talent to our leadership and dramatically reducing costs.

At times, we were not as nimble as we needed to be, but 2022 is not indicative of what we are seeing so far in 2023. Our team was tasked with managing through macroeconomic headwinds, continued inflation, funding delays and higher marketing costs as we simultaneously looked for the best pathways to preserve capital. “2022 was a challenging year for our business. And the revenue for the quarter was $107 million compared to a consensus of $100.96 million. Q4 results: Blue Apron reported a Q4 EPS of ($0.49), which was $0.22 higher than a consensus of ($0.71). The stock price of Blue Apron (NYSE: APRN) increased by over 15% this past week. APRN Stock: Over 15% Increase Explanation

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