UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C.  20549

FORM 10 QSB


Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

For the quarterly period ended	                  March 31, 2002

Commission file number   0-12227

                        Sutron Corporation
(Exact name of registrant as specified in its charter.)

        	Virginia				54-1006352
(State or other jurisdiction of        (I.R.S. Employer Identification No.)
incorporation organization)

21300 Ridgetop Circle, Sterling Virginia     	20166
(Address of principal executive offices)       	(Zip  Code)

(703) 406-2800
(Registrant's telephone number, including area code)

   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
(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  	[ 	]

   Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practical date:

   Common Stock, $.01 Par Value - 4,289,551 shares of as of March 31, 2002.

<TABLE>
                     PART I. - FINANCIAL INFORMATION

                                                      SUTRON CORPORATION
                                                       BALANCE SHEETS
<CAPTION>
                                                         (Unaudited)
                                    		 March 31,      December 31,
                                         	 	   2002	        2001
                                       		___________     ___________
<S>                                   		 <C>			<C>
Assets
Current Assets:
 Cash                                 		 $   69,000	     $  102,976
 Accounts receivables       			          784,173		1,915,977
 Inventory	                            		  3,091,809		2,559,808
 Other	                                        489,555         283,345
                                       		___________     ___________
Total Current Asset	                    	 $4,434,537	     $4,862,106

 Property, Plant, and Equipment,
  less accumulated depreciation
  and amortization of $1,771,850
  and $1,566,700						    751,242		  792,003

Deposits and Other Assets                 	     14,491 	   13,557
                                       		___________		__________
TOTAL ASSETS                        		 $5,200,270      $5,667,666

</TABLE>

<TABLE>

<CAPTION>
                     LIABILITIES AND STOCKHOLDERS' EQUITY

<S>                                     			<C>		<C>
Current Liabilities:
 Accounts payable	                    		    $  587,963	$ 456,424
 Accrued payroll						    	  63,626	  145,786
 Accrued expenses                        			 340,181	  402,464
 Line of credit			 		             216,529	  406,181
Current maturities of long-term notes			 118,204	  118,204
								    __________ 	__________
Total Current Liabilities                		    $1,326,503    $1,497,772

Long-term liabilities:
 Long-term notes payable                       		 179,758	  209,309
								    __________	__________
	Total liabilities					     1,506,261     1,707,081

Stockholders' Equity:
 Common stock, $.01 par value,				  42,896        42,896
 Additional paid in capital	             	     2,306,655     2,306,655
 Retained Earnings                  	 	     1,344,458     1,611,034
								     ___________	__________
Total Stockholders' Equity                	     3,694,009	 3,960,585

TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY                    		    $5,200,270    $5,667,666

See Accompanying Notes to Financial Statements
</TABLE>

<TABLE>
                             SUTRON CORPORTION
                          STATEMENTS OF OPERATIONS
                               (Unaudited)
<CAPTION>
                                  			       Three Months Ended
                                             			March 31,
                                          		    2002	     2001
                                        			___________	___________
<S>                                    			 <C>		<C>
Revenues                              		 	 $1,302,528  $2,063,114

Cost of Goods Sold			      		    850,840	  1,251,608
                                    			___________	__________
Gross Profit                              		    451,688     811,507

Research and Development Expenses	     			    326,429	    420,753

Selling, General, and
 Administrative Expenses                  	          562,338     637,735
                                       			___________	  ___________
Income (Loss) from Operations		      		   (437,079)   (246,981)

Other Expense                               		          0           0

Interest Expense                            		     11,497        8,260

Income (Loss) before Provision  				____________  ___________
 for Income Taxes			        			    (448,576)  (255,241)

Provisions for Income Taxes		       		    (182,000)  ( 91,000)
                                 				____________  ___________
Net Income                           			   $(266,576) $(164,241)

Net Income per Common Share        	              		 $(.06)     $(.04)


Weighted Average Number
 of Common Shares                       	 	          4,289,551  4,293,068

See Accompanying Notes to Financial Statements
</TABLE>

<TABLE>
                                                         SUTRON CORPORTION
                                                       STATEMENTS OF CASH FLOWS
                                                            (Unaudited)
<CAPTION>
                                        			Three Months Ended
                                                		March 31,
                                             		2002    	   2001
                                           		___________  __________
<S>                                        		<C>		<C>
Cash Flows from Operating Activities:
  Net income (loss)                       		$ (266,576)  $ (164,241)

  Depreciation and amortization                	          49,998       44,454
(Increase) Decrease in:
    Accounts receivables                      	       1,131,804      741,847
    Costs and estimated earnings in
      excess of contract billings             	               0            0
    Inventory                            			  (532,001)    (635,648)
    Other assets            		           	        (207,144)      98,963
Increase (Decrease) in:
    Accounts payable                          	         131,539     (370,635)
    Accrued expenses			          		  (144,443)     (86,077)
									__________	    _______
Net Cash Provided by Operating Activities  	         163,177       51,707

Cash Flows from Investing Activities:
Capital expenditures                         	          (9,237)    (30,859)
									__________	    _______
Net Cash Used in Investing Activities	     		    (9,237)    (30,859)

Cash Flows from Financing Activities:
Proceeds from advances on line of credit                        -	    450,795
Payments on line of credit					   (158,365)          -
Payments on Term notes payable              	          (29,551)    (14,144)
Payments on Installment notes payable			   	    0           0
Purchase of Treasury Stock					          -      (1,738)
									____________   _________
Net Cash (Used) by Financing Activities	       	   (187,916)   (434,913)
									____________   _________
Net Increase (Decrease) in Cash                  	    (33,976)    (32,717)
Cash and Cash Equivalents, January 1	        	    102,976       2,799
                                             		___________	   _________
Cash and Cash Equivalents, March 31				$    69,000   $  35,5l6

See Accompanying Notes to Financial Statements
</TABLE>


SUTRON CORPORATION

NOTES TO FINANCIAL STATEMENTS

March 31, 2002


1.  Basis of Presentation

The accompanying financial statements, which should be read in conjunction
with the financial statements of Sutron Corporation ("the Company") included
in the 2001 Annual Report filed on Form 10-KSB, are unaudited but have
 been prepared in the ordinary course of business for the purpose of providing
information with respect to the interim period.  The Company believes that all
adjustments (none of which were other than normal recurring accruals)
necessary for a fair presentation for such periods have been included.

2.  Earnings Per Share

The Company has adopted Statement of Financial Accounting
Standards ("SFAS") No. 128 which establishes standards for
computing and presenting earnings per share (EPS) for entities
 with publicly held common stock.  The standard requires
presentation  of two categories of earning per share, basic EPS
 and diluted EPS.  Basic EPS excludes dilution and is computed
by dividing income available to common stockholders by the
weighted-average number of common shares outstanding for
the year.  Diluted EPS reflects the potential dilution that could
occur if securities or other contracts to issue common stock were
exercised or converted into common stock or resulted in the
 issuance of common stock that then shared in the earnings
of the Company.


                          MANAGEMENT'S DISCUSSION AND ANALYSIS
                                OF FINANCIAL CONDITION
                               AND RESULTS OF OPERATIONS

Results of Operations

Net Revenues.  The Company's revenues for the three months
 ended March 31, 2002 decreased 37% to $1,302,528 from $2,063,114
in 2001 primarily due to production problems related to the
SatLink-G312 satellite transmitter that affected sales of the
8210 datalogger product line and due to decreased systems sales.
Bookings for the first quarter of 2002 were up to $2,095,000 as
compared to $1,393,000 in the first quarter of 2001, a 50% increase.
These problems are anticipated to be resolved in the second quarter.

Gross Profit.  Gross profit for 2002 decreased to $451,688 from
$811,507 in 2001.  Gross margin as a percentage of revenues
for 2001 decreased to 35% as compared to 39% in 2001.  The
decrease in the Company's gross margin as a percentage of sales
is attributed to decreased sales volume and to the manufacturing
problems that the Company has experienced in the production of
the SatLink-G312 satellite transmitter.

Selling, General And Administrative.  Selling, general
and administrative expenses decreased to $562,338 in 2002
from $637,735 in 2001, a decrease of $75,397 or 12%. The
Company has reorganized its sales territories and made
some several product sales personnel reductions.  These
reductions have been partially offset by the addition of a
Vice President of Hydrological Services.  He is responsible
for selling installation, stream gaging and maintenance
services to our core customers of federal, state and local
governments.

Research And Development.  Research and development expenses
decreased to $326,429 in 2002 from $420,753 in 2001, a
decrease of $94,324 or 22%. This decrease is due to a reduction
in personnel.

Interest Expenses.  Interest expenses increased to $11,497 in 2002
from $8,260 in 2001.

The Company's backlog of orders at March 31, 2002 was
$2,338,000 as compared to $1,952,000 as of March 31, 2001.
The Company anticipates that 82% of its March backlog will be
shipped in 2002.

Liquidity and Capital Resources

Cash and cash equivalents decreased to $69,000 at March 31, 2002,
compared to $102,976 at December 31, 2001.

The ratio of current assets to current liabilities was 3.3:1 as of
March 31, 2002, compared to 3.2 as of December 31, 2001.  Working
capital decreased $258,300 to $3,106,034 at the end of the first
quarter of fiscal 2002 compared to $3,364,334 at the end of fiscal 2001.

Management believes internally generated funds and short-term
borrowings on our existing credit line will provide adequate resources
for supporting operations during the remainder of fiscal 2002.


PART II - OTHER INFORMATION

Item 6. Exhibits and Reports on Form 8-K

B. Reports on Form 8-K

   No reports have been filed on Form 8-K during this quarter.


                            SUTRON CORPORATION

                               SIGNATURES

	Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.


                                      			Sutron Corporation
                                			     (Registrant)



May 15, 2002                             /s/Raul S. McQuivey
Date        	                       Raul S. McQuviey
                                         Principal Executive Officer

May 15, 2002                             /s/Sidney C. Hooper
Date                                     Sidney C. Hooper
                                         Principal Accounting Officer



Exhibit 11
Sutron Corporation
Computation of Per Share Earnings

<TABLE>
<CAPTION>
					       	Three Months Ended
                                          	March 31,
                                          2002	     2001
                                        	__________	_________
<S>							<C>		<C>
Basic EPS
Average shares outstanding		      4,289,551	4,293,068
Net Income				         	$(266,576)	 $(164,241)
Net Income per common share		          $(.06)	     $(.04)

Dilutive EPS
Average shares outstanding		       4,289,551	 4,293,068
Effect of dilutive securities		              -	        -
Total average shares outstanding		 4,289,551	 4,293,068
Net earnings				       $(266,576)	 $(164,241)
Net income per diluted share		           $(.06)	     $(.04)

</TABLE>


Article 5 Fin. Data Schedule for 1st Qtr 10-QSB

<TABLE>
<S>                                                       <C>
<PERIOD-TYPE>                                   		3-MOS
<FISCAL-YEAR-END>                          			DEC-31-2002
<PERIOD-END>                                   			MAR-31-2002
<CASH>                                                 	69000
<SECURITIES>                                     		0
<RECEIVABLES>                                 			784173
<ALLOWANCES>                                 			0
<INVENTORY>                                     		3091809
<CURRENT-ASSETS>                          			4432537
<PP&E>                                                 	2523092
<DEPRECIATION>                               			1771850
<TOTAL-ASSETS>                                			5200270
<CURRENT-LIABILITIES>                  				1326503
<BONDS>                                             		0
<COMMON>                                          		42919
<PREFERRED-MANDATORY>            					0
<PREFERRED>                                      		0
<OTHER-SE>                                          		3651090
<TOTAL-LIABILITY-AND-EQUITY> 						5200270
<SALES>                                                 	1302528
<TOTAL-REVENUES>                          			1302528
<CGS>                                                     	850840
<TOTAL-COSTS>                                  			850840
<OTHER-EXPENSES>                           			0
<LOSS-PROVISION>                             			0
<INTEREST-EXPENSE>                       				11497
<INCOME-PRETAX>                            			(448576)
<INCOME-TAX>                                    		(182000)
<INCOME-CONTINUING>                    				(266576)
<DISCONTINUED>                                 			0
<EXTRAORDINARY>                             			0
<CHANGES>                                           		 0
<NET-INCOME>                                      		(266576)
<EPS-PRIMARY>                                     		(.06)
<EPS-DILUTED>                                     		(.06)
</TABLE>