These actions are already resulting in a positive impact in 2023.' We adjusted late last year by adding new talent to our leadership and dramatically reducing costs. At times, we were not as nimble as we needed to be, but 2022 is not indicative of what we are seeing so far in 2023. Our team was tasked with managing through macroeconomic headwinds, continued inflation, funding delays and higher marketing costs as we simultaneously looked for the best pathways to preserve capital. CEO Linda Findley commented, '2022 was a challenging year for our business.

The company held $33.5 million in cash and equivalents and used $(25.4) million in free cash flow.

Adjusted EBITDA loss improved to $(13.5) million from $(17.9) million last year.

EPS loss of $(0.49) beat the consensus loss of $(0.83).The average revenue per customer grew 12.4% Y/Y to $358.Orders fell 13% Y/Y, while the average order value rose 14.7% to $73.15.Blue Apron Holdings, Inc APRN reported a flattish fourth-quarter FY22 sales growth year-on-year to $106.81 million, beating the consensus of $100.13 million.

Blue apron earnings