$3.6-Million Order Backlog Is Reported by Statordyne
- Share via
ANAHEIM — Statordyne Corp., which manufactures electric power generators, said Friday it received orders from three companies, bringing its total backlog of orders to $3.6 million.
The company, which refused to identify the three companies, has struggled since it went public at $3 a share two years ago. Its stock price has declined since, closing Thursday at at 25 cents a share in over-the-counter trading.
Statordyne was delisted from the American Stock Exchange in February because it did not meet shareholder equity requirements.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
