
Blue Apron's investor relations information is a treasure trove of data, and we're excited to dive in. Blue Apron is a publicly traded company, listed on the New York Stock Exchange (NYSE) under the ticker symbol APRN.
The company's investor relations website is a great resource for staying up-to-date on the latest news and updates. You can find information on their quarterly earnings, annual reports, and other important financial documents.
Blue Apron's investor relations team is dedicated to providing transparent and timely information to investors. They regularly update their website with new information, so it's worth checking back frequently.
Investor Information
Blue Apron has a strong investor base with 16 institutional investors, including Fidelity Investments and Stripes. These investors are committed to the company's growth and success.
The company also has angel investors, including Zach Weinberg and 5 others, who have shown their confidence in Blue Apron's vision and strategy.
Who Are They?
Blue Apron has a strong network of investors who have helped the company grow.
One of Blue Apron's institutional investors is Fidelity Investments.
Stripes and Bessemer Venture Partners are also among the 16 institutional investors backing Blue Apron.
Zach Weinberg and 5 other individuals are Angel Investors in Blue Apron.
Funding and Investors
Blue Apron has a total of 16 institutional investors, including Fidelity Investments, Stripes, and Bessemer Venture Partners. Zach Weinberg and 5 others are also Angel Investors in Blue Apron.
The company has received funding from a variety of investors over the years. Its latest funding round was a Post IPO round on May 02, 2022, for $40M, with only 1 investor participating, RJB Partners.
Here's a breakdown of Blue Apron's recent funding rounds:
Blue Apron has raised a total of $194M in funding over 8 rounds. Its first funding round was on September 19, 2012.
Financial Performance
Blue Apron's financial performance has been a mixed bag. The company reported a net loss of $186.6 million in 2019, a significant increase from the $119.6 million loss in 2018.
Revenue has been a major focus for Blue Apron, with the company reporting $1.4 billion in revenue for 2019. This represents a 14% increase from 2018.
The company has been working to improve its financial performance by cutting costs and increasing revenue. In 2020, Blue Apron reported a net loss of $133.6 million, a decrease from the previous year.
Blue Apron's revenue has been driven by its subscription-based model, which accounted for 85% of revenue in 2019. This model provides a predictable and stable source of income for the company.
The company has also been expanding its product offerings to increase revenue. In 2020, Blue Apron launched a new meal kit service called Blue Apron Market, which allows customers to purchase individual ingredients and meals.
Blue Apron's financial performance has been impacted by increasing competition in the meal kit market. The company has been working to differentiate itself through its brand and product offerings.
Financial Results
Blue Apron's financial results have been a topic of interest for investors. The company reported a net revenue of $107 million in 4Q21, a 13% increase from 4Q19.
Marketing expenses surged 68% to $21 million in 4Q21, as part of a growth strategy funded by a $78 million equity capital raise. This significant investment is expected to drive customer acquisition and revenue growth.
The company's Average Order Value (AOV) rose 10% from 4Q19 to $63.78 in 4Q21, indicating a positive trend in customer spending. However, the net loss widened to $26.4 million compared to $11.9 million in 4Q20.
Blue Apron anticipates mid-teens revenue growth in FY22, supported by increased marketing investments and customer acquisition efforts. This growth strategy is likely to have a positive impact on the company's financial performance.
The company's Q3 2021 net revenue of $109.7 million was a 2% decline year-over-year but a 10% increase from Q3 2019. Average Order Value reached a record of $62.30 in Q3 2021.
An equity capital raise of $78 million was successful in Q3 2021, aimed at enhancing marketing and customer growth in 2022. This investment is expected to drive revenue growth and improve the company's financial performance.
Company Structure
Blue Apron's company structure is relatively flat, with a focus on agility and innovation.
The company has a CEO, Matthew Wadiak, who oversees the entire organization.
Blue Apron's leadership team consists of experienced professionals from various backgrounds, including food, technology, and marketing.
Each team is designed to be cross-functional, with employees working together to achieve common goals.
The company's flat structure allows for quick decision-making and a culture of experimentation.
Associated Legal Entities
Blue Apron's company structure is a bit complex, but let's break it down. The company is associated with three main legal entities.
Blue Apron, LLC has 732 employees, which is a significant workforce.
One of these entities is Blue Apron Holdings, Inc., which was incorporated on December 21, 2016. It has a much smaller workforce, with only 181 employees.
Another entity, Blue Apron Holdings, LLC, was incorporated earlier on August 8, 2012, and has 565 employees. This entity has been around for over a decade, which speaks to its stability and growth.
Here's a summary of the associated legal entities:
Executive Committee
The Executive Committee at Blue Apron Holdings Inc is responsible for making key decisions and overseeing the company's operations. Linda Findley serves as both Chief Executive Officer and President, taking on these roles since November 12, 2023.
Meredith Deutsch has been serving as General Counsel and Corporate Secretary since September 8, 2019. She's a seasoned professional with a wealth of experience in her field.
Terri Leitgeb, on the other hand, has been the Human Resources Officer since March 31, 2021. At 54 years old, she brings a wealth of knowledge and expertise to her role.
Here's a brief overview of the Executive Committee members:
Sources
- https://tracxn.com/d/companies/blue-apron/__9RpWot4GcPIJR3-v9R9KC5eJtoCQzRAdeaZml5DwKOE
- https://www.stocktitan.net/news/APRN/page-8.html
- https://www.marketscreener.com/quote/stock/BLUE-APRON-HOLDINGS-INC-35939989/company-governance/
- https://www.supermarketnews.com/foodservice-retail/blue-apron-investor-day-unveils-next-course-strategy
- https://go.gale.com/ps/i.do
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