Former Sharper Image reports $3.18 million net profit for August

By Caroline Salls

Pittsburgh, Sept. 16 - TSIC, Inc. reported a $3.18 million net profit for August on zero revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

The figures compared to a $121,720 net loss posted for July, also on zero revenues.

TSIC had $7.03 million in cash and cash equivalents at Aug. 31, up from $3.65 million at the end of July.

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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