In addition, CreditRiskMonitor ® subscribers saw that Blue Apron’s gross margin fell from $74.5 million in the pre-IPO second quarter numbers to just $46 million in the third quarter. This worrying trend is plain to see when subscribers examine CreditRiskMonitor ®'s financial statistics for Blue Apron: prepared meal kit company to go public – a deep dive into its numbers tells a troubling story.įor example, Blue Apron’s sales have fallen for three consecutive quarters, from a pre-IPO $244.8 million in March of 2017 to $210.6 million in September of 2017. Despite being heralded as an innovator in a chic mail order industry – and being the first U.S. Crunching the Numbersīlue Apron's July IPO provided it with a much needed cash infusion and quite literally afforded management the opportunity to buy more time to right the ship. Blue Apron’s FRISK ® score in the five months since its summer IPO has fluctuated between a “2” and a “4.” Thus, the company should be watched closely. The FRISK ® “red zone,” which spotlights companies with a score of “5” or lower, indicates the most dangerous bankruptcy risk tier.

The FRISK ® score is calculated on a scale of “10” (the least amount of risk) to “1” (highest risk). CreditRiskMonitor ®’s proprietary FRISK ® score indicates a company's level of financial stress based on the probability of bankruptcy over a 12-month period, with a 96% accuracy rate. This news, in conjunction with Blue Apron’s weak financials, puts more pressure on a company that's already struggling. Through this partnership, Amazon and Allrecipes present “ AmazonFresh,” a delivery service nearly identical to Blue Apron’s prepared meal kit model. Much to Blue Apron Holdings, Inc.’s (Nasdaq: ARPN) dismay, the rumors were confirmed in November when Amazon announced a partnership with. (Nasdaq: AMZN) acquired grocery chain Whole Foods, a rumor began to circulate that the trendy online retailer might try to start up a fresh food delivery service.

Blue apron financials