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WeWork reports $87.05 million net loss for March
By Sarah Lizee
Olympia, Wash., April 30 – WeWork Inc. reported an $87.05 million net loss for March on $101.5 million gross income/sales, according to a monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of New Jersey.
In comparison, the company reported a $122.07 million net loss for February on $83.82 million gross income/sales.
The cash balance at the end of March was $94.05 million, up from $89.6 million at the end of February.
WeWork is a New York-based provider of shared workspaces and related business services. The company filed bankruptcy on Nov. 6, 2023 under Chapter 11 case number 23-19865.
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