Statordyne Reports 2nd-Quarter Loss of $552,011
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Statordyne Corp., a company that is developing equipment to provide standby electricity to hospitals, computer labs and other critical facilities in event of a power outage, said Monday that it lost $552,011 in its second quarter compared to $140,645 in the same period last year.
Because it is a developmental stage enterprise, the Anaheim company said it does not have any operating revenue.
The loss amounted to 12 cents a share for the quarter ended Dec. 31, compared to a loss of four cents a share for the same period a year ago.
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