Will Blue Apron Ever Turn a Profit?

Will Blue Apron Ever Turn a Profit?

From first to last, hero to zero. That's the story so far of Blue Apron (NYSE: APRN), the meal-kit delivery service that was once one of the most highly-anticipated IPOs of 2017 but quickly became a market pariah.

Less than two months after going public, shares trade at about half their IPO price, and questions abound regarding whether it can survive for very long. While its disastrous debut has likely killed the chance of competing services going public for a long time, let's take a look at whether there's hope Blue Apron can be profitable.

Data source: Blue Apron quarterly SEC filings. Chart by author. 

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Source: Fool.com