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

                                   FORM 10-QSB

            (Mark one)

             /X/        QUARTERLY  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                        For the quarterly period ended March 31, 1997

                                       OR

             / /        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                        For the transition period from           to 
                                                      -----------  ------------

                           COMMISSION FILE NO. 0-21324

                             TRINITECH SYSTEMS, INC.
             (Exact name of registrant as specified in its charter)

                NEW YORK                               06-1344888
          (State of incorporation)       (I.R.S. Employer identification number)

        333 LUDLOW STREET, STAMFORD, CONNECTICUT           06902
         (Address of principal executive offices)        (Zip Code)

       Registrant's telephone number, including area code: (203) 425-8000


                            ------------------------

     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 / /


8,185,030 shares of Common Stock were issued and outstanding as of May 14, 1997.



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<PAGE>
                         PART I - FINANCIAL INFORMATION
ITEM 1.    Financial Statements

TRINITECH SYSTEMS, INC.
--------------------------------------------------------------------------------
BALANCE SHEETS
-----------------------
<TABLE>
<CAPTION>

                                                                                                  (Unaudited)
                                                                                       March 31,              December 31,
ASSETS                                                                                   1997                     1996
                                                                                 --------------------     --------------------
<S>                                                                                   <C>                     <C>        
CURRENT ASSETS:
Cash                                                                                  $ 4,479,743             $ 1,198,730
Accounts receivable                                                                     2,470,253               3,802,364
Inventories                                                                             1,142,946               1,154,187
Prepaid expenses and other                                                                265,824                 315,911
                                                                                      -----------             -----------
     Total Current Assets                                                               8,358,766               6,471,192
                                                                                      -----------             -----------

EQUIPMENT - net of accumulated depreciation of $461,362
     and $417,087 at March 31 and December 31, respectively                               518,909                 434,638
                                                                                      -----------             -----------

OTHER ASSETS - net of accumulated amortization of $915,221
     and $832,652 at March 31 and December 31, respectively                               615,166                 617,506
                                                                                      -----------             -----------

TOTAL                                                                                 $ 9,492,841             $ 7,523,336
                                                                                      ===========             ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - trade                                                              $   583,372             $ 1,386,306
Accrued expenses                                                                          321,250                 525,653
Current portion of term loan payable                                                       26,210                  25,994
Credit line payable                                                                          --                   745,000
Advance billings                                                                          434,986                 149,675
Payroll and other taxes payable                                                            66,660                  65,808
                                                                                      -----------             -----------
     Total Current Liabilities                                                          1,432,478               2,898,436

TERM LOAN PAYABLE                                                                          24,427                  31,065
                                                                                      -----------             -----------
     Total Liabilities                                                                  1,456,905               2,929,501
                                                                                      -----------             -----------

COMMITMENTS:
STOCKHOLDERS' EQUITY:
10% Convertible preferred stock - par value $1.00; 1,000,000
     shares authorized; -0- outstanding                                                      --                      --
Common stock - par value $.001; 15,000,000 shares authorized
     8,180,030 and 7,375,030 shares issued and outstanding
     in 1997 and 1996, respectively                                                         8,180                   7,375
Additional paid-in capital                                                              9,615,670               6,088,975
Accumulated deficit                                                                    (1,587,914)             (1,502,515)
                                                                                      -----------             -----------

     Total Stockholders' Equity                                                         8,035,936               4,593,835
                                                                                      -----------             -----------

TOTAL                                                                                 $ 9,492,841             $ 7,523,336
                                                                                      ===========             ===========
</TABLE>

See Notes to Financial Statements.
                                       2
<PAGE>
TRINITECH SYSTEMS, INC.
--------------------------------------------------------------------------------
STATMENTS OF OPERATIONS
-----------------------
<TABLE>
<CAPTION>



                                                                                                       (Unaudited)
                                                                                                --- Three Months Ended ---
                                                                                          March 31,                      March 31,
                                                                                            1997                           1996
                                                                                        ------------                   ------------
<S>                                                                                      <C>                            <C>        
REVENUES:
Sales                                                                                    $ 1,576,044                    $   434,002
Service contracts                                                                            233,533                        169,094
                                                                                         -----------                    -----------
     Total Revenues                                                                        1,809,577                        603,096

COST OF SALES AND SERVICE                                                                    831,431                        319,688
                                                                                         -----------                    -----------

GROSS PROFIT                                                                                 978,146                        283,408
                                                                                         -----------                    -----------

EXPENSES:
Selling, general and administrative                                                        1,041,164                        645,349
Depreciation and amortization                                                                 47,374                         37,867
                                                                                         -----------                    -----------
     Total Expenses                                                                        1,088,538                        683,216
                                                                                         -----------                    -----------

LOSS FROM OPERATIONS                                                                        (110,392)                      (399,808)

OTHER INCOME - NET                                                                            24,993                         17,530
                                                                                         -----------                    -----------

NET LOSS                                                                                 ($   85,399)                   ($  382,278)
                                                                                         ===========                    ===========

NET LOSS PER COMMON SHARE                                                                $     (0.01)                   $     (0.05)
                                                                                         ===========                    ===========

AVERAGE COMMON SHARES OUTSTANDING                                                          7,591,100                      7,274,000
                                                                                         ===========                    ===========

</TABLE>

See Notes to Financial Statements.
                                        3
<PAGE>
TRINITECH SYSTEMS, INC.
--------------------------------------------------------------------------------
STATEMENTS OF CASH FLOWS
------------------------
<TABLE>
<CAPTION>
                                                                                           (Unaudited)
                                                                                     ---Three Months Ended ---
                                                                                    March 31,          March 31,
                                                                                      1997               1996
                                                                                 ----------------   ---------------
<S>                                                                              <C>                <C>         
OPERATING ACTIVITIES:
Net loss                                                                         ($   85,399)       ($  382,278)
Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:
     Depreciation and amortization                                                   126,843            106,965
     Changes in assets and liabilities:
       Accounts receivable                                                         1,332,111            450,874
       Inventories                                                                    11,241           (211,854)
       Prepaid expenses                                                               50,087            (28,209)
       Accounts payable - trade                                                     (802,934)            (3,202)
       Deferred revenue                                                              285,311             33,833
       Payroll and other taxes payable                                                   852                574
       Accrued expenses                                                             (204,403)          (187,076)
                                                                                 -----------        -----------
Net cash provided by (used in) operating activities                                  713,709           (220,373)
                                                                                 -----------        -----------

INVESTING ACTIVITIES:
Payments for equipment                                                              (128,546)           (29,694)
Payments for other assets                                                            (80,228)           (82,195)
                                                                                 -----------        -----------
Net cash used in investing activities                                               (208,774)          (111,889)
                                                                                 -----------        -----------

FINANCING ACTIVITIES:
Issuance of common stock                                                           3,527,500              4,499
Repayment of borrowings                                                             (751,422)            (4,167)
                                                                                 -----------        -----------
Net cash provided by financing activities                                          2,776,078                332
                                                                                 -----------        -----------

INCREASE (DECREASE) IN CASH                                                        3,281,013           (331,930)

CASH, BEGINNING OF PERIOD                                                          1,198,730          1,258,119
                                                                                 -----------        -----------

CASH, END OF PERIOD                                                              $ 4,479,743        $   926,189
                                                                                 ===========        ===========

</TABLE>

See Notes to Financial Statements.
                                        4
<PAGE>
TRINITECH SYSTEMS, INC.

NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
--------------------------------------------------------------------------------

1.   BASIS OF PRESENTATION

     The  accompanying  financial  statements  have been prepared by the Company
     without audit (except for the balance sheet  information as of December 31,
     1996  which  has  been  derived  from  the  Company's   audited   financial
     statements) in accordance with generally accepted accounting principles for
     interim financial  information and instructions to Form 10-QSB and Item 310
     (b) of  Regulation  S-B.  In the  opinion of  management,  all  adjustments
     (consisting of only normal recurring accruals)  considered  necessary for a
     fair presentation have been included.

     The accompanying  financial statements do not include certain footnotes and
     financial   presentations   normally  required  under  generally   accepted
     accounting  principles and,  therefore,  should be read in conjunction with
     the Company's 1996 audited financial statements.  Results of operations for
     the period ended March 31, 1997 are not necessarily indicative of operating
     results for the fiscal year.


2.   INVENTORIES

     Inventories  are  stated  at the  lower of cost  (first-in,  first-out)  or
     market. Inventories consisted of the following:

                             MARCH 31, 1997     DECEMBER 31, 1996
                             --------------     -----------------

    Parts                        $  726,417       $  750,722
    Finished goods                  416,529          403,465
                                 ----------       ----------

                         Total   $1,142,946       $1,154,187
                                  =========       ==========


3.   PER SHARE INFORMATION

     Net loss per common share is based on the weighted average number of common
     shares outstanding.  Common stock equivalents have not been included in the
     per share calculation because their effect is anti-dilutive.

                                       5
<PAGE>
ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

     The Company  commenced  its present  business  operations  in January  1991
through the acquisition of a software license for its Guided-Input(R)  Trinitech
TouchPad(R) System. The following  discussion should be read in conjunction with
the  consolidated  financial  statements  and related notes  included  elsewhere
herein.  Historical  results and percentage  relationships  are not  necessarily
indicative of the operating results for any future period.

REVENUES

     Revenues  for the three  months  ended  March 31, 1997 were  $1,809,577  as
compared to $603,096 for the three  months ended March 31, 1996,  an increase of
200%. The increase in revenues  during the three months ended March 31, 1997 was
principally due to an increase in the delivery of software systems and increased
deliveries  of the  Trinitech  TouchPad(R)  Systems,  primarily 350 units of its
touch vending  terminal to a non-financial  service firm customer.  During 1996,
the  Company  delivered  1,750  units  of its  touch  vending  terminal  to such
non-financial  service firm customer.  The additional  delivery of touch vending
terminals,   during  the  first  quarter  of  1997,  completes  the  contractual
obligation to such customer.  Approximately  36% and 20% of the Company's  sales
revenues  for the  periods  ended  March 31,  1997 and 1996,  respectively  were
derived from  software  installations.  Revenue  from export sales  approximated
$1,221,000  (77% of sales) and  $31,000  (7% of sales)  during the three  months
ended March 31, 1997 and 1996, respectively.  In addition, revenues from service
contracts  increased  by 38% in the three  months  ended March 31, 1997 over the
comparable  1996  quarter.  The  increase in service  revenue  resulted  from an
increase of equipment in use by customers.  Service and maintenance for 1997 and
1996 sales of the Company's touch vending  terminal  products (2,100 units) will
be managed on an actual time and material  arrangement.  Even though the Company
expects its service and  maintenance  revenue to grow in the  financial  sector,
management  does not  anticipate  receiving any  significant  future service and
maintenance  revenue  from its 1997 and  1996  sales of touch  vending  terminal
products.  The Company did not experience any  significant  price changes in its
product lines during the three month periods ended March 31, 1997 and 1996.

COST OF SALES AND SERVICE  AND GROSS PROFIT

     The Company's cost of sales and service is principally  comprised of labor,
materials  overhead and amortization of capitalized  product  enhancement costs.
Gross profit as a percentage of total revenues was 54.1% and 47.0% for the three
months ended March 31, 1997 and 1996, respectively. The increase in gross profit
in the three months ended March 31, 1997  principally  resulted from an increase
in the amount of higher margin software installations which

                                       6
<PAGE>

was  partially  offset by lower  margins  associated  with the  Company's  touch
vending terminal products sold during the three months ended March 31, 1997. The
Company  obtains its  materials  parts and supplies from a variety of vendors in
the US and Far East.  During the three months ended March 31, 1997,  the Company
did not  experienced  any  significant  price  increases in its component  parts
purchased.

SELLING, GENERAL AND ADMINISTRATIVE

     Selling,  general and  administrative  expenses  for the three months ended
March 31, 1997 were $1,041,164 as compared to $645,349 in the three months ended
March 31,  1996,  an increase of 61%.  Such  increase  reflected  the  continued
expansion of operations in both the US and in London.  As a result,  the Company
experienced  increases in salaries and related personnel costs, travel expenses,
recruiting fees and various related office expenses.  During the past two years,
the Company added personnel  principally to its technical  programming and sales
staff.  Employees  added to  technical  positions  have a  primary  focus on the
customer  hardware and software  project  implementation  and  development.  The
Company's  recruitment effort,  which began during 1993, continues to strengthen
the management infrastructure in order to better position the Company to respond
to present  customers  needs as well as for the  future.  The  Company  has also
continued its marketing programs in 1997, primarily focusing on public relations
activities,  production of various  product  brochures,  and  representation  at
technological  exhibitions  planned  throughout  1997.  Research and development
expenses for the three months ended March 31, 1997 and 1996 approximated $61,600
and   $64,000,   respectively   and  are   included  in  selling,   general  and
administrative expenses.

OTHER INCOME

     Other income  consists  principally of interest earned on cash balances and
sublease  income  earned  during the three months ended March 31, 1997 and 1996.
The Company leases a portion of its corporate office facility under a three year
sublease which expired on April 30, 1997.  Sublease  rental income earned during
the three month  periods  ended March 31,  1997 and 1996  totaled  approximately
$9,800 and $9,700, respectively.

NET LOSS

     Net loss for the three months  ended March 31, 1997 was $85,399  ($0.01 per
share) as compared to a net loss of $382,278 ($0.05 per share) in the comparable
1996 period. This improvement in net loss principally  resulted from an increase
in revenues during the three months period ended March 31, 1997 partially offset
by higher  selling,  general and  administrative  expenses.  See  "Revenues" and
"Selling, General and Administrative Expenses" above.

                                       7

<PAGE>
     Management has made a  considerable  effort with respect to an expansion of
its  operations,  which  began in 1993 and  continues  into  1997.  The  Company
believes that this expansion will better position the Company and facilitate its
future  growth.  However,  no  assurances  can be given that the planned  future
growth will occur.


LIQUIDITY AND CAPITAL RESOURCES

     Since its formation,  the Company's  primary source of working  capital has
been private  offerings of its securities,  through which the Company has raised
approximately $9.6 million of working capital.  At March 31, 1997, cash balances
increased to $4,479,743  from  $1,198,730 at December 31, 1996.  The increase is
primarily due to the Company completing a private placement of 800,000 shares of
Common stock at $4.50 per share on March 7, 1997.

     The accounts  receivable  balance at March 31, 1997 principally  represents
amounts due from  customers on sales made during 1996 and 1997.  The Company has
been  continually  placing an  emphasis  on the  collection  of all  outstanding
receivables,  and believes that all of the balances are fully  collectible.  The
Company's  current assets at March 31, 1997 exceeded its current  liabilities by
approximately  $6,926,000.  The  Company at March 31,  1997 had  long-term  debt
totaling  $24,000  which  represents  a  secured  term loan on the  purchase  of
development  equipment.  In  addition,  at March 31,  1997,  the  Company had no
material  commitments  for capital  expenditures  or  inventory  purchases.  The
Company had available a one million  dollar  credit  facility for the purpose of
financing  accounts  receivable and, at March 31, 1997, the Company had the full
amount of the credit line  available.  The line of credit,  which was secured by
accounts  receivable and inventory,  expired on April 30, 1997.  Interest on the
line of credit was based on the bank's prime rate plus one percent.  The Company
anticipates to renew the facility upon substantially similar terms.

     The Company believes that with its available  capital and anticipated funds
generated from operations it will be able to fund its cash needs through the end
of 1997  without  the need for  additional  capital or  financing.  The  Company
intends to utilize its positive  financial  position to  internally  finance its
continuing research and development activities and anticipated sales growth. The
Company's  financial  requirements  and its ability to meet them thereafter will
depend largely on its future financial  performance.  However,  in the event the
Company's operations do not generate cash to the extent currently anticipated by
management of the Company and grow more rapidly than anticipated, it is possible
that the Company would require  additional  funds beyond 1997. At this time, the
Company does not know what  sources,  if any,  would be available to it for such
funds, if required.

     In addition,  at March 31, 1997, the Company has warrants  outstanding  for
the purchase of 570,837 shares of its Common stock. Assuming the exercise of all
such outstanding Warrants, the Company would realize approximately $1,613,000 in
gross proceeds.

                                       8
<PAGE>
                                   SIGNATURES


     Pursuant to the  requirements  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.


Dated:  May 14, 1997


                                  TRINITECH SYSTEMS, INC.
                                  (Registrant)


                                  By:   /S/ PETER KILBINGER HANSEN
                                        ------------------------------
                                        Peter Kilbinger Hansen
                                        Chairman of the Board
                                           and President
                                        (Chief Executive Officer)



                                  By:   /S/ WILLIAM E. ALVAREZ, JR.
                                        ------------------------------
                                        William E. Alvarez, Jr.
                                        Chief Financial Officer and Secretary
                                        (Principal Financial and Accounting
                                         Officer)


                                       9