Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Blue Apron Holdings Inc (NYSE:APRN) reported a fourth-quarter FY21 sales decline of 7.3% year-on-year, to $107.01 million, missing the analyst consensus of $110 million.
- Net revenue increased 13% from the pre-pandemic fourth quarter of 2019.
- Orders fell 10.7% Y/Y, while the average order per value rose 3.8% to $63.78.
- The average revenue per customer decreased to $319 from $327 last year. The number of customers in Q4 fell 4.8%.
- EPS loss of $(0.93) missed the analyst consensus of $(0.67).
- The operating expenses rose 6% Y/Y to $132.4 million.
- Adjusted EBITDA loss widened to $(17.9) million from $(1.7) million last year.
- The company held $82.2 million in cash and equivalents as of December 31, 2021. Cash used in operating activities totaled $21.6 million for Q4.
- Outlook: Blue Apron expects top-line revenue growth to be in at least the mid-teens percentage range Y/Y and more than 20% higher than the pre-pandemic full year 2019.
- The company expects to return to positive Y/Y revenue growth starting in Q2 and for the rest of 2022.
- Price Action: APRN shares are trading lower by 24.9% at $6.32 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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