Blue Apron Holdings, Inc. (APRN) motto is Better Living Through Better Food. The company offers fresh and chef-designed recipes to the home cooks to challenge their abilities to realize the difference, cooking quality food can along with its carbon footprint lessening and reducing wastage of food.
The price of APRN stock during the regular trading on February 10, 2022, was $6.29 with a 25.4% decline. At last check in the premarket on February 11, 2022, the stock further dipped by 1.59%.
APRN: Key Financials
On February 10, 2022, APRN released its financial results for the fourth fiscal quarter ended December 31, 2021. Some of the important highlights are discussed below.
Revenue
Net revenue in the fourth quarter of 2021 was $107 million compared to $115.4 million in the same quarter of 2020. Net revenue decreased over the yearly period by 27%. The company missed the estimated revenue target by $2.99 million.
EPS
Diluted net loss per share in Q4 2021 was $26.4 million or $0.93 compared to $11.9 million or $0.67 in the same quarter of 2020. The EPS decreased over the period of the year. The company’s EPS was in-line with the analysts’ estimates.
APRN: Events and Happenings
On January 25, 2022, APRN informed about its collaboration with Panasonic Consumer Electronics Company. Both the companies agreed upon bringing consumers convenient cooking options merging APRN’s recipes with Panasonic’s 4-in-1 Multi-Oven. On December 15, 2021, APRN planned its collaboration with Aspiration for a co-branded Zero Card. This credit card offers rewards to the holders to help fight the climate crisis. The cardholders will be rewarded on qualifying purchases made at the company’s website and mobile app.
On December 2, 2021, APRN updated about its recipe’s availability at Amazon Alexa. By utilizing hands-free instructions of Alexa-enabled devices, the consumers can cook their Two-Serving and Four-Serving recipes. On November 4, 2021, APRN informed about the completion of its already announced $78.0 million equity capital raise.
Conclusion
APRN stock is outperforming from the last six months period as made a mark in each sector. The current stock dip of the company is due to its financial results. The company missed the analysts’ estimated revenue and EPS. The company is expecting $125.1 million in revenue in the next quarter.
