Knickerbocker in Black

L.L. Knickerbocker Co. Inc., the Lake Forest marketer of collectibles, jewelry and investments, reported net income of $239,000, or 1 cent a share, for the first quarter, contrasted with a net loss of $3.8 million, or 23 cents a share, for the corresponding period a year ago. Revenue declined 14% to $11.5 million from $13.4 million. The company said a delay in the development of certain products contributed to lower sales.