Blue Apron Holdings Inc. Reports Net Loss of $17 Million in Q1 2023

Blue Apron Holdings Inc.(APRN), a leading meal kit delivery se rvice, has announced its financial results for the first quarter of 2023. The company reported a net loss of $17.0 million for the quarter, reflecting a challenging operating environment. Despite the loss, Blue Apron's revenue remained steady, reaching $113.1 million in Q1 2023.

Consolidated Balance Sheets

The company's consolidated balance sheets as of March 31, 2023, revealed total assets of $159.7 million, a decrease from $171.1 million reported at the end of December 2022. Current assets, including cash and cash equivalents, accounts receivable, inventories, and prepaid expenses, amounted to $72.5 million, reflecting a decline compared to the previous quarter.

Consolidated Statements of Operations