This May Be The Only Way For Blue Apron to Survive
Blue Apron's (NYSE: APRN) latest earnings report had more red flags than a rough day at the beach.
After going through one of the worst IPO's in recent memory, the meal-kit service just gave investors more reasons to head for the hills. Revenue increased by just 18% to $238.1 million after more than doubling last year and jumping 42% in the first quarter.
On the bottom line, a profit of $5.5 million flipped to a loss of $31.6 million, or a loss of -$0.47 on a per-share basis.
Source: Fool.com
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