S&P MidCap 400 constituent Everest Re Group…
June 13, 2017 at 04:12AM
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Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA)
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Showing posts with label 2017 at 04:23AM. Show all posts
Showing posts with label 2017 at 04:23AM. Show all posts
Tuesday, June 13, 2017
Everest Re Group Set to Join S&P 500; Pinnacle Financial Partners to Join S&P MidCap 400 and Armada Hoffler Properties to Join S&P SmallCap 600
Tidewater Reports Fourth Quarter and Year End Results For Fiscal 2017
June 13, 2017 at 04:12AM
from
Access to Justice (司法公正)
China charges activist over Tiananmen massacre t-shirt and friends who “sheltered” her
Radio Free Asia, June 9, 2017
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June 13, 2017 at 02:52AM
from noreply@blogger.com (HRIC)
Kunzler Law Group Adds Former BioMed Realty Trust General Counsel As A Partner In San Diego
June 13, 2017 at 04:12AM
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Thursday, June 8, 2017
AI for playing 20 Questions for University Project (Thought you guys might enjoy seeing it learn)
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submitted by /u/anotherturingmachine
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June 08, 2017 at 04:17AM
from /u/anotherturingmachine
Siraj Raval on the dangers of AI
Wednesday, June 7, 2017
Senate Dems Seek Hearing On Sinclair-Tribune Deal
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Eight Senate Democrats on Monday asked the chairmen of the Senate Commerce and Judiciary committees to conduct hearings on the proposed Tribune-Sinclair merger and on a Federal Communications Commission media ownership rule change helping make way for the deal.
June 07, 2017 at 04:17AM
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Tuesday, June 6, 2017
Shareholders Slam Alon USA Over Proposed $675M Merger
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An Alon USA Energy shareholder launched a putative class action Friday objecting to the company’s $675 million proposed merger with Delek US Holdings, saying the revenue projections in the proxy statement are incomplete and misleading.
June 06, 2017 at 04:15AM
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Cramer shares the unusual signs that mean a stock is ready to explode
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Jim Cramer watches for one chart pattern that means a stock is ready to skyrocket.
June 06, 2017 at 04:19AM
from
Where can i go to study Artificial Intelligence
I am currently get my GED right now, but after that i want to go into artificial intelligence. I was wondering where can i go to get started and maybe what field i should go into. I Prefer someplace in New York, maybe with financial aid as my family is poor and i need to help provide for them. I hope to also work someplace like SpaceX as i can only see them and a few others making a future for all of mankind.
submitted by /u/SirSlaughter21
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June 06, 2017 at 04:17AM
from /u/SirSlaughter21
Monday, June 5, 2017
Jaitley busy, free run for Pak – Calcutta Telegraph
Calcutta Telegraph |
Jaitley busy, free run for Pak
Calcutta Telegraph New Delhi, June 4: Pakistan this weekend cited the China-Pakistan Economic Corridor as a vehicle for regional peace and took an uncontested dig at India at Asia’s premier security conclave after heavy workload prompted defence and finance minister Arun … |
June 05, 2017 at 04:21AM
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Friday, June 2, 2017
Blue Apron has filed to go public — and it lost almost as much last quarter as it did all last year
Meal-delivery service Blue Apron on Thursday offered a detailed look at its financials for the first time as it filed to go public.
The main takeaways: Revenue is growing. With the company spending a ton on marketing, so too are losses. And Blue Apron, which was valued at $2 billion in its last venture round, says investors can expect more of the latter.
“We have a history of losses, and we may be unable to achieve or sustain profitability,” the company says in its S1 filing.
Goldman Sachs is leading the offering, but we don’t know yet what Blue Apron expects to raise in the IPO, because it hasn’t priced its shares or said how many it plans to sell.
Blue Apron’s move comes amid tough times for the new wave of meal-delivery companies. San Francisco-based Sprig shut down last week. New York-based Maple announced earlier in May that it was shutting down.
The company’s financials offer a mixed bag for potential investors.
On the one hand, its losses have grown year-over year:
2014: Lost $30.8 million
2015: Lost $47 million
2016: Lost $54.9 million
On the other hand, its revenues have been growing at a much faster clip:
2014: $77 million
2015: $340 million
2016: $795 million
Much of the reason for the losses can be blamed on all the money the company spends on marketing. (If you’ve ever listened to any major podcast, you’ve probably heard a Blue Apron ad.) The company spent $144.1 million, or 24.8% of its revenue, on marketing in 2016.
At the end of March, it had about $61.2 million in cash on hand. But it also had $99.6 million in long-term debt. And in the first quarter, its free cash flow was in the red to the tune of $74 million.
The company seems to be gaining traction with consumers. Some 1 million customers paid for Blue Apron orders in the first quarter this year. That was up from 649,000 customers in the same period last year.
But average order sizes were down slightly year-over-year, falling from $59.28 in the March quarter of 2016 and $57.23 in the same quarter of 2017. And the average number of orders per customer per quarter dropped from 4.5 in the first quarter last year to 4.1 in the most recent period.
Here’s an interesting look at the ages of Blue Apron customers. A plurality are 25 to 34 years old. (Millennials!) This chart also comes from the S-1:
As for executive compensation, CEO Matthew Salzberg was paid $415,560 in salary and bonus. Salzberg also owes 47.4 million shares, or 31% of the company. CFO Bradley Dickerson was paid $4.2 million in salary, bonus, and stock options. SVP of operations Pablo Cussatti made $605,019 in salary, bonus, and options.
Bessemer Venture Partners is the second largest shareholder after Salzberg with 36 million shares, giving it a 23.8% stake. First Round Capital owns about 11% of the company.
Blue Apron was founded in 2012 and has raised nearly $194 million in funding to date. It was last valued around $2 billion. The company is known for sending pre-packaged and pre-measured meal ingredients directly to customers, along with the recipes to make the meal.
SEE ALSO: Sprig, a food-delivery startup that has raised over $56 million, is shutting down
Join the conversation about this story »
June 02, 2017 at 04:18AM
from Steve Kovach
Trump isn’t so good for business after all
June 02, 2017 at 04:16AM
from
This is the one thing that could make Wall Street lose ‘confidence in the Trump administration’
June 02, 2017 at 04:16AM
from
Will ‘Boycott America’ Follow Trump’s Paris Accord Withdrawal?
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Trump’s withdrawal from the Paris Accord will likely lead to an international boycott of American goods and of travel to the United States. Trump may quickly learned that the world won’t sit idly by and let him put mankind, particularly our children, at grave risk.
June 02, 2017 at 04:13AM
from Laurence Kotlikoff, Contributor
Thursday, June 1, 2017
New Ways To Earn Free Travel With Your Mortgage And Student Loan Debt
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Before, you would earn frequent flier miles in the air or with a credit card. Now, lenders are offering points and miles for mortgages and student loans. Are the points worth it?
June 01, 2017 at 04:12AM
from Nick Clements, Contributor
Why Greece Needs ‘Greleasing’ From Its Taxing Debt Obligations
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With talks among Eurozone finance ministers breaking up this May over a new set of bailout loans for Greece – some $7.5bn plus debt relief – to prevent Athens defaulting on a debt repayment due this July, some suggest a debt jubilee is required for heavily indebted EU states and to reboot Europe.
June 01, 2017 at 04:12AM
from Roger Aitken, Contributor
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