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WeWork reports $5.46 million net profit for December
By Sarah Lizee
Olympia, Wash., Feb. 6 – WeWork Inc. reported a $5.46 million net profit for December on $97.37 million gross income/sales, according to a monthly operating report filed with the U.S. Bankruptcy Court for the District of New Jersey.
In comparison, the company reported a $515.18 million net profit for November on $82.27 million gross income/sales.
The cash balance at the end of December was $134.05 million, down from $151.4 million at the end of November.
WeWork is a New York-based provider of shared workspaces and related business services. The company filed bankruptcy on Nov. 6 under Chapter 11 case number 23-19865.
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