BowX Acquisition Corp - Ordinary Shares - Class A

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Other Pre-Announcement

WeWork - Consolidated New Desk Sales Totaled 98,000 In Q2, Equating To 5.9 Million Square Feet Sold In Q2

Published: 08/13/2021 12:46 GMT
BowX Acquisition Corp - Ordinary Shares - Class A (BOWX) - Wework - Consolidated New Desk Sales Totaled 98,000 in Q2, Equating to 5.9 Million Square Feet Sold in Q2.
Wework - Consolidated Total Occupancy Increased to 52% in Q2 From 48% in Q1.
Wework - Total Revenue for Quarter Ended at $593 Million.
Wework - Ended Q2 With $1.6 Billion in Cash and Unfunded Cash Commitments.
Wework - Net Loss of $923 Million in Quarter.
Wework - Demand From Businesses of All Sizes Accelerated Through Quarter and Steadily Continued Into July.
Wework - Preliminary July Revenue Expected to Be Approximately $215 Million, Which Puts Wework in a Position to Achieve $650 - $700 Million in Q3.