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Re:Blue Origin: Images and Videos from Our First Flight by edlinfan on Thursday April 30, 2015 @10:38AM (#9465309)
The booster couldn't make a soft landing due to a failure in the hydraulics system.

> “Of course one of our goals is reusability, and unfortunately we didn’t get to recover the propulsion module because we lost pressure in our hydraulic system on descent,” Jeff Bezos wrote in a blog post. “Fortunately, we’ve already been in work for some time on an improved hydraulic system. Also, assembly of propulsion module serial numbers 2 and 3 is already underway – we’ll be ready to fly again soon.”

From: http://www.forbes.com/sites/alexknapp/2015/04/30/jeff-bezos-...

And here's the aforementioned blog post, from Blue Origin's own website. It presents a little more information about the flight:

https://www.blueorigin.com/news/blog/first-developmental-tes...

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