United States
                       Securities and Exchange Commission
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X] Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act of
1934 For the quarter ended June 30, 1997

[    ] Transition  Report Under Section 13 or 15(d) of the  Securities  Exchange
     Act of 1934 For the transition period from to

Commission File Number:             0-11883

                           TELEBYTE TECHNOLOGY, INC.
         (Exact name of registrant as specified in its charter)

Nevada                                                             11-2510138
(State or other jurisdiction of                               (IRS Employer
incorporation or organization)                               Identification No.)

270 Pulaski Road, Greenlawn, New York                                      11740
(Address of principal executive offices)                              (Zip Code)

Registrant's Telephone Number, including Area Code:           (516) 423-3232

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  Exchange  Act  during the past 12 months (or for
such shorter period that the registrant was required to file such reports),  and
(2) has been subject to such filing requirements for the past 90 days.

                           Yes      X                No

As of August 15, 1996 there were  outstanding  1,481,766 shares of Common Stock,
$.01 par value.

Transitional Small Business Disclosure Format (check one);

                           Yes                       No       X


<PAGE>




                            TELEBYTE TECHNOLOGY, INC.

                                      INDEX

Part I            Financial Information

         Item 1.           Financial Statements

                           Balance Sheets
                           June 30, 1997 (Unaudited)

                           Statements of Earnings
                           Three and six months ended
                           June 30, 1997 and 1996 (Unaudited)

                           Statements of Cash Flows
                           Six months ended
                           June 30, 1997 and 1996 (Unaudited)

                           Condensed Notes to Financial
                           Statements (Unaudited)

         Item 2.           Management's Discussion and Analysis of
                           Financial Condition and Results of Operation.



Part II                      Other Information


<PAGE>



                                     Part I
                              Financial Information

Item 1.      Financial Statements

                            TELEBYTE TECHNOLOGY, INC.
                                 BALANCE SHEETS

                                  JUNE 30,1997
                                   (unaudited)

ASSETS

             Cash & cash equivalents                             $      442,213
             Accounts receivable, less
               allowances for doubtful accounts                         576,581
             Inventory                                                1,110,318
             Prepaid expenses                                            62,298
             Deferred Income Taxes                                       80,000
                                                             -------------------
             TOTAL CURRENT ASSETS                                     2,271,410

             PROPERTY, PLANT AND EQUIPMENT, less
               accumulated depreciation and amortization              1,149,424

             OTHER ASSETS                                               181,252
                                                             -------------------
                                                                  $   3,602,086
                                                             ===================

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
             Accounts payable                                    $      384,092
             Accrued expenses                                           107,416
             Current maturities of long-term debt                        65,551
                                                             -------------------
             TOTAL CURRENT LIABILITIES                                  557,059

LONG-TERM DEBT, less current maturities                                 946,743

SHAREHOLDERS' EQUITY
             Common stock, par value $.01 per share
               1,636,566 issued and 1,481,766 outstanding                16,366
             Capital in excess of par value                           2,751,988
             Accumulated deficit                                       (568,977)
             Less treasury stock, at cost,
               (145,000 shares)                                        (101,093)
                                                             -------------------
                                                                      2,098,284
                                                             -------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                        $   3,602,086
                                                             ===================
    The accompanying notes are an integral part of this financial statement.

<PAGE>


                            TELEBYTE TECHNOLOGY, INC.
                             STATEMENTS OF EARNINGS
                                   (Unaudited)

                            Three Months                     Six Months
                           Ended June 30,                  Ended June 30,
                    -------------  -------------  -------------    ------------
                          1997            1996         1997            1996
                    -------------  -------------  -------------    ------------
SALES                $  1,227,978  $    965,056   $   2,259,061    $  1,904,457

COST OF SALES             564,705       424,460       1,029,675         861,146
                    -------------   ------------  -------------    ------------
GROSS PROFIT              663,273       540,596       1,229,386       1,043,311
                    -------------   ------------  -------------    ------------

OPERATING EXPENSES
 Research and development  84,603        65,009         144,031         124,412
 Selling, G & A           476,036       459,114       1,069,582         914,202
                   --------------   ------------   ------------    ------------
                          560,639       524,123       1,213,613       1,038,614
                   --------------   ------------   ------------    ------------

Operating Income          102,634        16,473          15,773           4,697
                   --------------   ------------   ------------    ------------

OTHER INCOME (EXPENSE)
    Rental Income          12,049        12,049          24,098          24,098
    Interest Income         2,853         2,890           6,195           6,119
    Interest Expense      (27,487)      (28,335)        (54,612)        (57,734)
                   ---------------   -----------   -------------    ------------

 Income (Loss)
before income taxes        90,049         3,077          (8,546)        (22,820)

Provision for income taxes      0             0               0               0
                   ---------------   ------------  -------------    ------------

NET INCOME (LOSS)  $       90,049    $    3,077     $    (8,546)     $  (22,820)
                   ===============   ============  =============    ============

NET INCOME (LOSS)
  PER SHARE        $        0.06     $    -         $     -               (0.02)
                   ===============   =============  =============   ============
         
Average number
 of shares             1,481,766      1,491,566        1,481,766      1,491,566
                    ==============   ============== =============   ============

         The accompanying notes are an integral part of this financial statement

<PAGE>


                            TELEBYTE TECHNOLOGY, INC.
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                         Six Months
                                                       Ended June 30,
                                             ------------          -------------

                                                   1997                  1996
                                             ------------          -------------
CASH FLOWS FROM OPERATING ACTIVITIES

Net (Loss) Income                              $  (8,546)           $   (22,820)
Adjustments to reconcile net loss to
  net cash used in operating activities:
          Depreciation and amortization           44,165                 43,650
             Increase in assets:
               Accounts receivable              (162,628)               (60,389)
               Inventories                       (32,207)              (187,565)
               Prepaid expenses and other       (121,115)               (19,870)
             Increase (decrease) in liabilities:
               Accounts payable                  186,069                166,550
               Accrued expenses                   12,673                (53,707)
                                              -----------           ------------
Net cash used in operating activities            (81,589)              (134,151)
                                              -----------           ------------

CASH FLOWS FROM INVESTING ACTIVITIES
  Cash was paid for:
             Property and equipment               23,554                 25,273
                                              -----------           ------------

Net cash used in investing activities            (23,554)               (25,273)
                                              -----------           ------------

CASH FLOWS FROM FINANCING ACTIVITIES

  Cash was used for:
        Principal payments of long-term debt      36,365                 27,467
        Purchase treasury stock                        0                  8,288
                                              -----------           ------------
Net cash used in financing activities            (36,365)               (35,755)
                                              -----------           ------------
Net decrease in cash and cash equivalents       (141,508)              (195,179)
Cash and cash equivalents at
  beginning of period                            583,721                609,466
                                              -----------           ------------
Cash and cash equivalents at
  end of period                               $  442,213             $  414,287
                                              ===========           ============

          The accompanying notes are an integral part of this financial
                                   statement.


<PAGE>


                            TELEBYTE TECHNOLOGY, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

1.       CONDENSED FINANCIAL STATEMENTS

The balance  sheet as of June 30, 1997,  the statement of earnings for the three
and six  months  then ended and the  statements  of cash flows for the six month
period  then ended have been  prepared  by the  Company  without  audit.  In the
opinion of management,  all  adjustments  (which  include only normal  recurring
accrual adjustments) necessary to present fairly the financial position, results
of operations and cash flows at June 30, 1997 have been made.

Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with generally accepted accounting  principles
have been condensed or omitted. It is suggested that these financial  statements
are read in conjunction with the financial statements and notes thereto included
in the  Company's  annual  report to  shareholders  for the  fiscal  year  ended
December 31, 1996.  The results of operations for the period ended June 30, 1997
are not necessarily indicative of the operating results for the full year.

<PAGE>


Item 2.  Management's Discussion and Analysis of Financial Condition or Plan 
of Operation.

(Statements in this Form 10-QSB that are not descriptions of historical fact are
forward-looking  statements that are subject to risks and uncertainties.  Actual
results could differ materially from those currently anticipated due to a number
of factors, including risks relating to competition; and other factors impacting
the data communications industry.)

Sales for the second  quarter  ended June 30, 1997  increased  27% to $1,227,978
compared  to sales of $965,056  for the same  period in 1996.  Sales for the six
months ended June 30, 1997  increased 18% to  $2,259,061  compared to $1,904,457
for the  comparable  period of 1996.  The increased  sales can be attributed the
success of increased  promotional  activities  during 1996 and the first half of
1997.

Cost of sales for the  second  quarter  of  $564,705  or 46% of sales  increased
compared  to  $424,460  or 44% of sales  during  the same  period  in 1996.  The
decrease  in the  Company's  gross  profit  margin was  primarily  a function of
product mix.

Selling,  general and administrative expenses of $476,036 for the second quarter
ended June 30, 1997 increased  compared to $459,114 for the same period in 1996.
During the second  quarter,  the  Company  continued  its  aggressive  marketing
campaign in an effort to stimulate sales.

Research and development  expenses  increased to $84,603 compared to $65,009 for
the second quarter of 1996. During the second quarter, the Company continued its
development of several advanced data communications  products.  Additional staff
was added to engineering  during the second quarter in an attempt to enhance the
Company's research and development capabilities.

Interest income  decreased  slightly to $2,853 during the second quarter of 1997
compared to $2,890 for the same period of 1996 and $3,342 for the first  quarter
of 1997.  The decrease  from the first  quarter of 1997 is due  primarily to the
lower cash on deposit and lower yields at Merrill Lynch.

 During the second  quarter of 1997,  the Company had rental  income of $12,049,
which was in line with the  comparable  quarter in 1996 and the first quarter of
1997. Net income  increased to $90,049 for the three months ended June 30, 1997,
compared to $3,077 for the same period in 1996 and a net loss of $98,595  during
the first  quarter of 1997.  The net loss of $8,546 for the six month ended June
30, 1997,  contrast with the net loss of $22,820 during the same period in 1996.
The  increase in net income for the second  quarter of 1997 is due  primarily to
the increase in revenues.


LIQUIDITY AND CAPITAL RESOURCES

Net cash used in operating activities for the six months ended June 30, 1997 was
$81,589  compared to net cash used of $134,151 for the same period in 1996.  The
decrease  in cash used in  operating  activities  is due  primarily  to improved
utilization  of inventory  resulting from more accurate  sales  forecasting  and
manufacturing  planning.  Working  capital  decreased to  $1,854,351 at June 30,
1997, a decrease of $22,199 from December 31 1996. The current ratio at June 30,
1997  decreased  to 4.3 to 1 compared  to 6.2 to 1 at  December  31,  1996.  The
Company  renewed its $1,000,000 line of credit with Merrill Lynch effective July
1, 1996 for two years. The Company has no amounts  outstanding under the line of
credit at this time. The Company considers its working capital to be adequate to
fund presently foreseeable working capital requirements.


<PAGE>



PART II -- OTHER INFORMATION


Item 1.  Legal Proceedings

         Not applicable.

Item 2.  Changes in Securities

         Not applicable.

Item 3.  Defaults Upon Senior Securities

         Not applicable.

Item 4.  Submission of Matters to a Vote of Security Holders

         Not applicable.

Item 5.  Other Information

         Not applicable.

Item 6.  Exhibits and Reports on Form 8-K

                           (a)      Exhibits - None

                           (b)      Reports on Form 8-K - None


<PAGE>



                                                        SIGNATURES

         In accordance with the requirements of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


TELEBYTE TECHNOLOGY, INC.



By:      __________\s\_________________
         Joel A. Kramer, President and
         Chairman of the Board
         (Principal Executive Officer)


By:      ___________\s\________________
         Michael Breneisen, Vice President of Finance
         (Principal Financial and Accounting Officer)