Leaked financials for flex-office firm Knotel show wide losses, $84 million in unpaid bills, and a shrinking cash pile
Published
· Knotel's finances were stretched even before the pandemic, with a $223 million net loss in 2019, per financial statements seen by Business Insider.
· The flexible office company lost $49 million in the first quarter of 2020.
· Knotel also owed vendors and other groups more than $80 million at the end of March....