SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON,D.C. 20549
                         ---------------------

               FORM 10-QSB-Quarterly or Transitional Report

   (Mark One)
[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     ACT OF 1934
      For the quarterly period ended January 31, 1996

                                  OR

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

                       Commission File Number 0-12873
                                              -------


                               FIRECOM,INC.      
         ----------------------------------------------------
         (Exact name of Small Business Issuer in its charter)


          New York                           13-2934531  
-------------------------------   -----------------------------------
(State or other jurisdiction of   (I.R.S. Employer Identification No.
 incorporation or organization)


39-27 59th Street, Woodside, New York                11377
--------------------------------------------------------------------
(Address of principal executive offices)           (zip code)


Issuer's telephone number, including area code: (718) 899-6100
        

     Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months and (2) has been
subject to such filing requirements for the past 90 days.
                    YES  X   NO 
                        ---     ---


     As of March 11, 1996, the Registrant had 4,714,876 shares of
Common Stock outstanding.

<PAGE>

                               INDEX


                                                        Page
                                                        ----

PART I    Financial Information

   Item 1: Financial Statements

      Consolidated Balance Sheet-January 31, 1996        3-4

      Consolidated Statements of Income-
      Three Months and Nine Months Ended
      January 31, 1996 and 1995                          5-6

      Consolidated Statement of Cash Flows-
      Nine Months Ended January 31, 1996 and 1995          7

      Notes to Consolidated Financial Statements        8-10


   Item 2: Management's Discussion and Analysis
           of Financial Condition and Results
           of Operations                                11-13


PART II  Other Information                                14




                                   2

<PAGE>

                    Firecom, Inc. and Subsidiaries

                      Consolidated Balance Sheet
                             (unaudited)


                           January 31, 1996

                                 ASSETS
CURRENT ASSETS:
 Cash and cash equivalents                                 $1,955,000
 Accounts receivable,  net of allowance for doubtful
  accounts of $326,000                                      3,747,000
 Inventories                                                1,034,000
 Deferred tax asset                                           440,000
 Prepaid expenses and other                                    76,000
                                                          -------------
    Total current assets                                    7,252,000
                                                          -------------

PROPERTY, PLANT AND EQUIPMENT, less accumulated
 depreciation and amortization of $683,000                    473,000
                                                          -------------

OTHER ASSETS:
 Product enhancement, less accumulated amortization
  of $370,000                                                 139,000
 Prepaid loan fees                                             34,000
                                                          -------------
    Total other assets                                        173,000
                                                          -------------

                                                           $7,898,000
                                                          -------------


                                   3

<PAGE>

                    Firecom, Inc. and Subsidiaries

                Consolidated Balance Sheet (continued)
                             (unaudited)


                           January 31, 1996

                  LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
 Notes payable-related parties                             $   37,000
 Current portion of notes payable, other                      114,000
 Accounts payable                                             334,000
 Accrued expenses                                           1,036,000
 Income taxes payable                                         209,000
                                                          -------------
    Total current liabilities                               1,730,000
                                                          -------------

LONG-TERM LIABILITIES:
 Notes payable, other                                         936,000
 Accrued compensation                                          76,000
 Deferred tax liabilities                                      66,000
                                                          -------------
    Total long-term liabilities                             1,078,000
                                                          -------------

MANDATORILY REDEEMABLE COMMON STOCK                           590,000

SHAREHOLDERS' EQUITY
 Preferred stock, par value $1;authorized
  1,000,000 shares, none issued                                 --
 Series A preferred stock, stated value $1,197.50;
  authorized and outstanding 1,200 shares                   1,437,000
 Common stock, par value $.01; authorized 10,000,000
  shares, issued 5,281,037; outstanding 4,731,543              52,000
 Additional paid-in capital                                 1,737,000
 Retained earnings                                          1,758,000
                                                          -------------
                                                            4,984,000
 Less treasury stock, at cost                                 484,000
                                                          -------------
 Total shareholders' equity                                 4,500,000
                                                          -------------

                                                           $7,898,000
                                                          -------------


                                   4

<PAGE>

                    Firecom, Inc. and Subsidiaries

                   Consolidated Statements of Income
                             (unaudited)

                                 Three months ended     Nine Months Ended
                                   January 31               January 31
                               1996          1995         1996       1995
                              ----------------------------------------------
NET SALES:
  Product                     $2,030,000 $1,932,000   $6,257,000 $6,203,000
  Service                      1,622,000  1,436,000    4,753,000  4,376,000
                              ----------------------------------------------
                               3,652,000  3,368,000   11,010,000 10,579,000
                              ----------------------------------------------
COST OF SALES:
  Product                      1,075,000    988,000    3,580,000  3,613,000
  Service                        750,000    795,000    2,299,000  2,173,000
                              ----------------------------------------------
                               1,825,000  1,783,000    5,879,000  5,786,000
                              ----------------------------------------------
GROSS PROFIT                   1,827,000  1,585,000    5,131,000  4,793,000
                              ----------------------------------------------
OPERATING EXPENSES:
 Selling, general and
    administrative               893,000    834,000    2,649,000  2,372,000
 Research and development        161,000    106,000      413,000    308,000
                              ----------------------------------------------
    Total operating expenses   1,054,000    940,000    3,062,000  2,680,000
                              ----------------------------------------------
INCOME FROM OPERATIONS           773,000    645,000    2,069,000  2,113,000
                              ----------------------------------------------
OTHER EXPENSES
 Interest                         22,000     38,000       72,000    158,000
 Other                             2,000      3,000        7,000      6,000
                              ----------------------------------------------
                                  24,000     41,000       79,000    164,000
                              ----------------------------------------------
INCOME BEFORE INCOME TAX
 EXPENSE                         749,000    604,000    1,990,000  1,949,000

INCOME TAX EXPENSE               346,000    243,000      948,000    582,000
                              ----------------------------------------------
NET INCOME                       403,000    361,000    1,042,000  1,367,000

PREFERRED STOCK DIVIDENDS         32,000     32,000       97,000     97,000
                              ----------------------------------------------

NET INCOME APPLICABLE TO
 COMMON SHAREHOLDERS             371,000    329,000      945,000  1,270,000
                              ----------------------------------------------


                                 5

<PAGE>

                    Firecom, Inc. and Subsidiaries

                   Consolidated Statements of Income(continued)
                             (unaudited)

                                 Three months ended     Nine Months Ended
                                   January 31               January 31
                               1996          1995         1996       1995
                              ----------------------------------------------

NET INCOME PER COMMON SHARE   $  .07        $  .05       $  .17     $  .21
                              -------       -------      -------    --------
WEIGHTED AVERAGE NUMBER OF
 SHARES USED IN COMPUTING
 EARNINGS PER SHARE          5,467,500     5,950,073   5,467,500   5,950,073
                             ---------     ---------   ---------   ---------




                                   6

<PAGE>

                    Firecom, Inc. and Subsidiaries

                Consolidated Statements of Cash Flows
                             (unaudited)

                                                 Nine Months Ended
                                                     January 31
                                                 1996         1995
                                               ------------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income                                     $1,042,000   $1,367,000
Adjustments to reconcile net income to net     ------------------------
 cash provided by operating activities:
  Depreciation and amortization                    59,000       55,000
  Provision for doubtful accounts                 199,000      167,000
  Deferred income tax credits                        --        113,000
  Changes in operating assets and liabilities:
   Increase in accounts receivable,              (452,000)    (586,000)
   (Increase)decrease in inventories             (134,000)      98,000
   Increase in other current
     and noncurrent assets                        (16,000)     (67,000)
   Increase in accounts payable,
    accrued expenses and other                    154,000       98,000
                                               ------------------------
        Total adjustments                        (190,000)    (122,000)
                                               ------------------------
NET CASH PROVIDED BY OPERATING ACTIVITIES         852,000    1,245,000
                                               ------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures                              (72,000)     (24,000)
                                               ------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt                                (441,000)    (965,000)
Purchase of treasury shares                      (175,000)          --
Proceeds from stock issue                          87,000           --
                                               ------------------------
NET CASH USED IN FINANCING ACTIVITIES            (529,000)    (965,000)
                                               ------------------------

NET INCREASE(DECREASE) IN CASH                    251,000      256,000

CASH:
 Beginning of year                              1,704,000      690,000
                                               ------------------------
 End of six months                             $1,955,000   $  946,000
                                               ------------------------ 


                                 7

<PAGE>

                    Firecom, Inc. and Subsidiaries
            Notes To Consolidated Financial Statements
                             (unaudited)

NOTE 1: ACCOUNTING POLICIES:

The accounting policies followed by the Company are set forth in Note
1 of the Company's financial statement on Form 10-KSB for the fiscal
year ended April 30, 1995.

In the opinion of management the accompanying consolidated financial
statement contains the necessary adjustments, all of which are of a
normal and recurring nature, to present fairly Firecom Inc.'s financial
position at January 31, 1996 and the results of operations for the nine
months and three months ended January 31, 1996 and 1995 and statement
of cash flows for the nine months ended January 31, 1996 and 1995.

NOTE 2: INVENTORIES
Inventories consist of the following at January 31, 1996:

         Raw materials and sub-assemblies           $  920,000
         Work-in-process                               114,000
                                                    ----------
                                                    $1,034,000
                                                    ----------
NOTE 3: PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consist of the following at January 31,
1996:

     Building improvements                          $  343,000
     Machinery and equipment                           583,000
     Furniture and fixtures                            230,000
                                                    -----------
                                                    $1,156,000
     Less accumulated depreciation and amortization    683,000
                                                    -----------
                                                    $  473,000
                                                    -----------
NOTE 4: NOTES PAYABLE

The Company's long-term debt consists of the following at January 31,
1996:
     Notes payable to related parties:
      Second mortgage note and term note              $   37,000
     Notes payable to banks and other:
      Revolving bank note payable                        300,000
      First mortgage note payable                        442,000
      Other note payable                                 308,000
                                                      ----------
                                                       1,087,000
    Less current portion                                 151,000
                                                      ----------
                                                      $  936,000
                                                      ----------
                                   8

<PAGE>

NOTE 5: INCOME TAXES

The components of the Company's deferred tax assets and liabilities at
January 31, 1996 under SFAS 109 are as follows:

                                     Federal  State and City   Total
                                     -------  --------------   -----

Deferred Assets:
 Tax benefit attributable to:
  Allowance for doubtful accounts   $ 93,000     $ 61,000     $154,000
  Accrued incentive bonuses           75,000       49,000      124,000
  Accrued litigation                  30,000       19,000       49,000
  Other(warrants,SARs,inventory
   and other)                         68,000       45,000      113,000
                                    ---------    --------    ---------
                                     266,000      174,000      440,000
  Deferred tax liability, tax
   depreciation in excess of
   book depreciation                 (40,000)     (26,000)     (66,000)
                                    ---------    ---------    ---------
                                    $226,000     $148,000     $374,000
                                    ---------    ---------    ---------

NOTE 6: STOCKHOLDERS' EQUITY TRANSACTIONS

As a result of prepaying the convertible notes on July 8, 1994, the
rights to purchase 1,333,333 shares of common stock were converted to
warrants at an exercise price of $.35 per share.  The warrants are
exercisable immediately with 83,333 shares expiring quarterly beginning
June, 1995 through March, 1999.  As of January 31, 1996, warrants for
249,999 shares were exercised.

On June 21, 1995 the Company signed a Stock Purchase Agreement to
purchase 536,494 shares of the Company's $.01 par value common stock
held by certain members of the May family(the "shareholders") at $.90
per share.  Terms of the agreement provide for a cash payment in the
amount of $174,448 and a five(5) year note in the amount of $308,397,
bearing interest at 12% per annum.  Interest is payable monthly.  The
principal is to be paid in five equal annual installments of $61,679.
The purchase of these shares was completed on July 18, 1995.  The
Company's obligation under the note is secured by a pledge by the
Company to the noteholder of 342,663 shares of the Company's common
stock.

At the same time, the Company and the Shareholders entered into an
Option and Escrow Agreement relative to an additional 536,495 shares of
the Company's common stock(the "Option Shares").  Under the terms of
this agreement, on September 1, 1998 the Shareholders have the right,
but not the obligation, to require the Company to purchase, in whole or
in part, their Option Shares(the "Put Option") at a price of $1.10 per
share.  The Put Option is conditional upon the Company meeting certain
financial targets.  At any time under this agreement, the Company shall

                                 9

<PAGE>

have the right, but not the obligation, to purchase all of the Option
Shares, in whole or in part, (the "Call Option") at a purchase price of
$1.25 per share.  Payment for the Put Option or the Call Option shall
be one-half(1/2) in cash and one-half(1/2) with a five(5) year note
bearing interest at prime plus 3%.  Upon execution of this agreement,
the Shareholders delivered to the Company irrevocable proxies to permit
Mr. Paul Mendez, Chairman of the Company, to vote the Option Shares
until the expiration of this agreement.

NOTE 7: COMMITMENTS AND CONTINGENCIES:

The Company, its president, its wholly-owned subsidiaries and two other
employees (collectively the "defendants") have been named as defendants
in an action commenced by a competitor.  Also named as co-defendants
are two other entities and a customer.  This action arises out of the
competitors contention that only those entities approved or designated
by them may repair or alter its fire alarm and communication system.
Commenced in the United District Court for the Southern District of New
York on or about December 29, 1994, this action seeks to recover the
sum of "at least $10,000,000 to be trebled according to law", together
with attorney's fees, "punitive damages in an amount presently
undetermined", and a permanent injunction enjoining the defendants from
continuing to service the competitor's system.  The plaintiff has
asserted a number of claims including those for violations of the
Sherman Antitrust Law, the Lanham Trademark Act, the Racketeer
Influenced and Corrupt Organizations Act and numerous state laws
dealing with false advertising and deceptive trade practices, tortious
interference with commercial relations and unfair competition.
Defendants have filed an Answer to plaintiff's Complaint and have
served a Demand for the Production of Documents and a Notice of
Examination Before Trial.  The co-defendant customer has asserted a
cross-claim against Firecom, Inc. for contribution or indemnification.
While it is not possible at this preliminary stage to determine
possible liability, if any, the Company has been advised by its
insurance carrier that "it appears the coverage of one or more of the
carrier's policy(sic) is triggered".  The insurance carrier has
authorized the retention of defense counsel to represent the above-
named defendants and has agreed to pay defense costs, subject to a
reservation of rights letter.  Plaintiff's motion to disqualify
defendants' counsel has been denied by Judge Thomas P. Duffy.
Plaintiff's later motion, seeking to amend its complaint, was denied in
part and granted in part.  Discovery proceedings have been adjourned
while the parties explore the possibility of settlement.




                                10

<PAGE>

MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
 RESULTS OF OPERATIONS
                        (unaudited)

LIQUIDITY

          Net cash provided by operations for the nine months ended
January 31, 1996 was $852,000 which was used for the net repayment of
debt($441,000), toward capital expenditures($72,000) and net equity
transactions($88,000), resulting in an increase of $251,000 over that
available at April 30, 1995. The Company has a revolving line of credit
not to exceed $980,000($300,000 outstanding at January 31, 1996) and a
first mortgage of $442,000 from a major New York bank at January 31,
1996.  These notes are collateralized by all the Company's assets and
are subject to certain covenants.  In addition, the notes restrict the
payment of common stock dividends at any time and the payment of
preferred stock dividends until May, 1996.  As of January 31, 1996,
preferred dividends in arrears were approximately $714,000.

          The mortgage note is due July 8, 1999 and bears interest at
10.2% per annum, payable monthly.  The note requires 59 monthly
principal payments of $4,333.33 and a final payment of $264,333.53 on
July 8, 1999.  As of January 31, 1996, the outstanding balance was
$442,000.

          The revolving note bears interest at prime plus 1%.
Availability under the terms of the revolver is based upon eligible
accounts receivable.  The current maximum commitment for $980,000 under
the terms of the revolving note is reduced by $140,000 each January
31st and July 31st. The commitment expires July 8, 1999.  As of January
31, 1996, the outstanding balance on the revolving note was $300,000
and the interest rate in effect was prime plus 1% or 9.50%

          As of January 31, 1996, the Company was indebted on a
mortgage note in the amount of $29,000 and an unsecured note in the
amount of $8,000, both bearing interest at 15%, due Firecom Holdings,
L.P..  Both notes are due April 30, 1996 and are subordinated to the
bank debt.  Monthly payments of principal and interest will amount to
approximately $12,600 through maturity.  All principal and interest
payments are current.

          As of January 31, 1996, the Company had a five(5) year note
in the amount of approximately $308,000 due Helen May resulting from
the repurchase of shares as detailed in Note 6 of Notes to Consolidated
Financial Statements.  This note, dated July 18, 1995, bears interest
at 12% per annum, payable monthly, and is subordinated to the bank
debt.  Principal is payable in five(5) equal annual payments.  The
Company's obligation under the note is secured by a pledge by the
Company to the noteholder of 342,663 shares of the Company's common
stock.

          Management believes that it will be able to maintain adequate
working capital and cash balances to meet its needs.

                                 11

<PAGE>

RESULTS OF OPERATIONS

          Consolidated sales and net income for the nine months ended
January 31, 1996 were $11,010,000 and $1,042,000 respectively as
compared to $10,579,000 and $1,367,000 for the nine months ended
January 31, 1995.  For the three months ended January 31, 1996,
consolidated sales and net income were $3,652,000 and $403,000
respectively as compared to $3,368,000 and $361,000 for the three
months ended January 31, 1995.  Sales for the Fire Controls division,
which sells life safety and other electronic systems for high rise
buildings, and the Company's FRCM Case-Acme subsidiary were flat for
the nine months ended January 31, 1996 over the same period for the
prior year while sales for the Company's Fire Service, Inc.  subsidiary
were 13% higher.  Fire Controls generated 48% of total revenues, Fire
Service 31% and FRCM Case-Acme 21%.

          The Company's backlog for its life safety and other systems
totaled $3,036,000 at January 31, 1996 as compared to $3,205,000 at
April 30, 1995. While the decrease reflects the depressed condition of
the New York market, management believes that it will be able to
maintain current revenue levels.

          Operating income for the nine months and three months ended
January 31, 1996 was $2,069,000 and $773,000 as compared to $2,113,000
and $645,000 for the nine months and three months ended January 31,
1995.  The decrease for the nine months ended January 31, 1996 as
compared to the nine months of the prior year reflects increases in
staff, payrolls, bad debt provisions and increased expenditures for
research and development.  Gross profits as a percentage of revenues
for the nine months were 46.6% as compared to 45.3% for the same period
of the prior year. In light of the highly competitive nature of the New
York market, these results for the first nine months may not be
indicative of the results for the balance of the fiscal year.

          Income tax expense was $948,000 for the nine months ended
October 31, 1995 as compared to $582,000 for the same period of the
prior.  This reflects the fact that Net Operating Loss Carry-forwards
were fully utilized in the prior year.

Significant changes in balance sheet items from April 30, 1995 to
January 31, 1996 are highlighted as follows:

     1: Accounts receivable increased due to a combination of increased
        sales and slower collections.
     2: Inventories increased as a result of stocking requirements for
        current jobs.
     3: The increase in Property, plant and equipment reflects the
        acquisition of equipment.
     4: The net reduction in debt resulted from scheduled payments and
        the reductions in the revolving line-of-credit outstanding
        together with the addition of debt related to the purchase of
        treasury shares.

                                12

<PAGE>

     5. Changes in Common stock, Capital in excess of par value,
        Treasury stock and Mandatorily redeemable common stock resulted
        from the exercise of warrants, the repurchase of common shares
        and the commitment under an Option and Escrow Agreement as
        detailed in Note 6 of the Notes to Consolidated Financial
        Statements.

          Interest expense for the nine months and three months ended
January 31, 1996 was approximately $72,000 and $22,000 respectively as
compared to $158,000 and $38,000 for the six months and three months
ended January 31, 1995.  This decrease resulted primarily from the
reduction in outstanding debt.




                                  13

<PAGE>

                    Firecom, Inc. and Subsidiaries

Part 11

Item 1: Legal Proceedings -None
        -----------------

Item 2: Exhibits and Reports on Form 8-K -None
        --------------------------------


                           Signatures


                                         Firecom, Inc.


Date: March 11, 1996                     s/s Paul Mendez
     ----------------------              -----------------------------
                                         Paul Mendez
                                         Chairman of the Board,
                                         President and Chief Executive
                                         Officer


Date: March 11, 1996                     s/s Richard K. Nelson
     ----------------------              -----------------------------
                                         Richard K. Nelson
                                         Vice President-Finance and
                                         Chief Financial Officer




                                 14

<PAGE>

                              EXHIBIT INDEX

          Exhibit
          -------

          Exhibit 27  Financial Data Schedule