Net loss of $17.0 million in 1Q23, a decrease of $21.7 million compared to a net loss of $38.7 million in the first quarter of 2022 (1Q22).Cash and cash equivalents were $31.6 million as of March 31, 2023.
Average Revenue per Customer increased 7.9% year-over-year and declined 3.4% sequentially to $346, primarily due to the price increase initiated in 2Q22. Average Order Value rose 11.6% year-over-year and declined 3.9% sequentially to $70.27, due to the price increase introduced in the second quarter of 2022 (2Q22) and increased promotional spend in 1Q23, respectively. Continued strength in customer engagement metrics. Net revenue of $113.1 million in 1Q23, a 5.9% sequential increase and a 4.0% year-over-year decline, impacted by growth in customers and increased order volume in the quarter. NEW YORK-(BUSINESS WIRE)- Blue Apron (NYSE: APRN) today announced financial results for the first quarter (1Q23) ended March 31, 2023. Reports First Quarter 2023 ResultsĬompany Reduces Cash Burn by 64% Year-over-Year Actively Pursuing Financing and/or Other Cash-Generating Opportunities to Meet Its Near-Term Obligations Earnings Release Blue Apron Holdings, Inc.
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