Blue Apron Holdings, Inc. - APRN STOCK NEWS

Blue Apron Holdings, Inc. (NYSE: APRN) has secured an additional $5.0 million private placement from RJB Partners LLC, led by Joseph N. Sanberg. This follows a prior investment of $62.7 million in November 2021, part of a larger $78.0 million capital raise. The new investment includes 357,143 shares of Class A stock and associated warrants with various exercise prices. Proceeds will be utilized for working capital and growth strategy acceleration. Notably, these securities remain unregistered, and the company plans to file for resale registration with the SEC.

Blue Apron Holdings (NYSE: APRN) reported 4Q21 financial results with a net revenue of $107 million, a 13% increase from 4Q19, but a 7% decline year-over-year. Marketing expenses surged 68% to $21 million as part of a growth strategy funded by a $78 million equity capital raise. Key metrics showed growth in Average Order Value, which rose 10% from 4Q19 to $63.78. However, the net loss widened to $26.4 million compared to $11.9 million in 4Q20. The company anticipates mid-teens revenue growth in FY22, supported by increased marketing investments and customer acquisition efforts.

Blue Apron (NYSE: APRN) announces a strategic partnership with Panasonic Consumer Electronics Company to enhance customer cooking experiences. This collaboration integrates select recipes with Panasonic's 4-in-1 Multi-Oven, allowing for diverse cooking techniques. The partnership aims to improve customer engagement and retention through convenience and quality. Additionally, these recipes, designed for Panasonic's appliance, will be made available on Blue Apron Market.

Blue Apron Holdings, Inc. (NYSE: APRN) will release its fourth quarter and full year 2021 financial results on February 10, 2022, before U.S. markets open. A conference call hosted by CEO Linda Findley and CFO Randy Greben will follow at 8:30 a.m. ET. Investors can join via phone or access a live webcast on the company's Investor Relations website. A replay of the conference call will be available until February 17, 2022. Blue Apron's mission focuses on providing quality recipes and fostering sustainable practices in cooking.

Blue Apron (NYSE:APRN) has announced the launch of the Blue Apron Aspiration Zero Card, a co-branded credit card in partnership with Aspiration aimed at rewarding customers while promoting environmental sustainability. Cardholders will receive cash back on qualifying purchases and contribute to planting trees with every transaction. This initiative is part of Blue Apron's loyalty program, which is expected to enhance customer engagement and provide further benefits in 2022. The collaboration highlights a first-of-its-kind offering in the meal-kit industry.

Blue Apron (NYSE: APRN) has launched a partnership with Amazon Alexa, enabling users to prepare Two-Serving and Four-Serving recipes hands-free through Alexa-enabled devices. Customers with Echo Show devices can also order select meal kits without a subscription. This collaboration aims to enhance user convenience and promote culinary exploration, aligning with Blue Apron's vision of expanding customer connections. The company plans to double its partnerships in 2022, enhancing customer engagement and retention.

Blue Apron Holdings reported Q3 2021 net revenue of $109.7 million, a 2% decline year-over-year but a 10% increase from Q3 2019. Average Order Value reached a record of $62.30. The company recorded a net loss of $27.6 million, impacted by a $6.4 million non-cash charge. An equity capital raise of $78 million was successful, aimed at enhancing marketing and customer growth in 2022, with expectations of at least mid-teens revenue growth. However, adjusted EBITDA losses are anticipated to continue through 2022, amid rising labor and food costs.

Blue Apron Holdings, Inc. (NYSE: APRN) announced the completion of its $78 million equity capital raise, with a closing date of October 28, 2021. The rights offering yielded approximately $12.3 million from 6.7 million exercised subscription rights. Additionally, RJB Partners LLC acquired $62.7 million of securities, bringing total net proceeds to around $73.5 million. These funds will support growth strategies, enhance employee benefits, and establish an ESG program. Post-offering, Blue Apron has approximately 31.6 million shares outstanding.

Blue Apron Holdings, Inc. (NYSE: APRN) will release its third quarter 2021 financial results on November 9, 2021, before U.S. market opening. The results will be discussed during a conference call at 8:30 a.m. ET, hosted by CEO Linda Findley and CFO Randy Greben. Participants can join via phone at (877) 883-0383 or (412) 902-6506, with conference ID 8462719. A live webcast will be available on Blue Apron's Investor Relations website, along with a recording post-call and a replay until November 16, 2021.