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  "documentTitle": "Blue Apron | Results Presentation Deck | 17 slides",
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      "text": "(1) Second quarter 2021 net revenue, net loss and Adjusted EBITDA reflect the benefit from the recognition of an approximately $2.0 million recovery of customer credits issued in the third quarter of 2020 related to a voluntary recall of onions supplied to the company. (2) Adjusted EBITDA is defined as net income (loss) before interest income (expense), net, other operating expense, gain (loss) on extinguishment of debt, other income (expense), net, benefit (provision) for income taxes, depreciation and amortization and share-based compensation expense. See appendix for reconciliation of net income (loss) to Adjusted EBITDA. (3) We define Average Order Value as our net revenue from our meal, wine and market products sold on our e-commerce platforms in a given reporting period divided by the number of Orders in that period.",
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      "text": "Key customer metrics continue to reflect the benefit of the company's growth strategy, including the third consecutive quarterly record for Average Order Value.",
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      "text": "Second quarter 2021 net revenue of $124.0 million was in-line with the company's guidance.",
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      "text": "Strengthened balance sheet and improved financial flexibility with $51.0 million of cash and cash equivalents at quarter-end inclusive of approximately $21.1 million in net proceeds from the June underwritten public equity offering.",
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      "text": "Second quarter 2021 net loss was $18.6 million, inclusive of a non-cash charge of approximately $4.1 million, related to the May 2021 amendment to the company's financing agreement. Excluding this charge, net loss outperformed the company's guidance.",
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