Marley Spoon AG reported earnings results for the first half ended 30 June 2018. For the period, the company generated revenue of EUR 39.5 million, up from EUR 21.3 million in the prior corresponding period. The Company booked a first-half net loss of EUR 19.4 million compared to EUR 13.2 million a year earlier, and an adjusted operating EBITDA loss of EUR 14.1 million for the first half, compared to a loss of EUR 11.0 million a year earlier, primarily due to higher marketing and financing expenses (related to warrants issued in connection with a debt financing completed in January 2018). Finally, the company managed to improve its operating cash flow from negative EUR 9.9 million to negative EUR 9.3 million due to strong working capital performance across all key categories.

The company has confirmed it is on track to meet its prospectus forecast for the full year ending December 31, 2018, buoyed by a promising start to the seasonally strong third quarter on customer acquisitions.