Blue Apron Q4 Loss Narrows, Revenue Flat

Meal-kit delivery service provider Blue Apron Holdings, Inc. (APRN) reported Thursday that its fourth-quarter net loss was $21.78 million or $0.49 per share, compared to last year's net loss of $26.44 million or $0.93 per share.

Adjusted EBITDA was a loss of $13.5 million, compared with an adjusted EBITDA loss of $17.9 million in 2021.

Net revenue was $106.81 million, nearly flat with last year's $107.01 million.

Average Order Value of $73.15 increased 14.7 percent year-over-year.

In pre-market activity on the NYSE, the shares were gaining around 12.6 percent to trade at $0.85.

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