However, the large order attributed to a single customer raises a concern about customer concentration.Īs of the end of September, Blue Apron had $32.1 million of cash and cash equivalents and total debt of $27.4 million. That same customer is now expected to contribute $30 million in Q4 and may also increase the value of its order. Blue Apron lowered its revenue estimate after a large enterprise customer shifted their bulk order from Q3 to Q4. That sales estimate was lowered from previous guidance for between $125 million to $131 million.

Blue Apron’s Q3 Estimatesįor the third quarter, Blue Apron’s revenue is expected to be between $109 million and $112 million.

Moving forward, Mitchell Cohen will step up as interim CFO while Blue Apron searches for a permanent replacement. Before that news, Blue Apron CFO Randy Greben also announced that he will step down to pursue business opportunities at another company, effective Oct. The equity distribution agreement was made in accordance with Canaccord Genuity, which will be “entitled to a 3% commission of the gross price of shares sold.” Earlier this month, the company announced an up to $15 million at-the-market (ATM) offering of Class A common stock. While this news is undoubtedly a positive catalyst, APRN stock has still received its fair share of volatility this year. Any of the meals ordered on Amazon will still be fulfilled by Blue Apron, which will take advantage of Amazon’s “strong supply chain and its ability to ship boxes the next business day.” With Amazon being the United States’ largest e-commerce website, however, Blue Apron can expect to receive a boost in revenue from this latest collab. These two companies have previously collaborated, providing Amazon’s Alexa with meal recipe functionality. APRN Stock: Blue Apron Lists Products on Amazon

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