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TSIC posts $408,883 February net loss
By Caroline Salls
Pittsburgh, March 23 - TSIC, Inc.'s net loss for February was $408,883, declining from a $10.43 million January net profit, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
The company reported zero sales for February, compared with $54.49 million in January.
TSIC had $5.36 million in cash and cash equivalents as of Feb. 28, up from $5.2 million at the end of January.
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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