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TSIC posts $10.43 million January net profit
By Caroline Salls
Pittsburgh, Feb. 23 - TSIC, Inc.'s net profit was $10.43 million in January, improved from a $3.15 million December net loss, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
The company reported $54.49 million in sales for January, compared to zero sales in December.
TSIC had $5.22 million in cash and cash equivalents as of Jan. 31, down from $5.57 million at the end of December.
TSIC, a San Francisco-based specialty retailer formerly known as Sharper Image Corp., filed for bankruptcy on Feb. 19, 2008. Its Chapter 11 case number is 08-10322.
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