Statordyne Corp.: The firm said Monday that...
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Statordyne Corp.: The firm said Monday that it expects to post a loss of $2.1 million on sales of $600,000 for its latest fiscal year, which ended June 30.
The Anaheim-based manufacturer of electrical power systems projected earlier that it would show an annual loss of $1.8 million on sales of $1.9 million. But the shipment of three systems valued at $750,000 was moved from its 1994 fiscal fourth quarter to its 1995 fiscal first quarter, the company said.
Statordyne said it has not yet received from two customers orders totaling $550,000 that it expected in the fiscal fourth quarter. The company said it expects to be profitable in fiscal 1995.
Statordyne also said it got $311,000 in orders for two power protection systems, one going to South Africa’s state-owned electricity utility, Eskom, and the other to Power System Solutions of Kansas City, Mo.
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