================================================================================

                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 JUNE 30, 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 / /


8,224,530  shares of Common  Stock were issued and  outstanding  as of August 8,
1996.



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<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM 1.    Financial Statements

TRINITECH SYSTEMS, INC.
--------------------------------------------------------------------------------

BALANCE SHEETS
---------------------------------------------
<TABLE>
<CAPTION>
                                                                                 (Unaudited)
                                                                                   June 30,               December 31,
ASSETS                                                                               1997                     1996
                                                                              ----------------     --------------------
CURRENT ASSETS:
<S>                                                                                <C>                      <C>       
Cash                                                                               $3,552,584               $1,198,730
Accounts receivable                                                                 2,510,979                3,802,364
Inventories                                                                         1,383,308                1,154,187
Prepaid expenses and other                                                            313,178                  315,911
                                                                              ----------------     --------------------
     Total Current Assets                                                           7,760,049                6,471,192
                                                                              ----------------     --------------------

EQUIPMENT - net of accumulated depreciation of $513,606
     and $417,087 at June 30 and December 31, respectively                            591,829                  434,638
                                                                              ----------------     --------------------

OTHER ASSETS - net of accumulated amortization of $803,458
     and $832,652 at June 30 and December 31, respectively                            606,446                  617,506
                                                                              ----------------     --------------------

TOTAL                                                                              $8,958,324               $7,523,336
                                                                              ================     ====================

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - trade                                                             $646,674               $1,386,306
Accrued expenses                                                                      305,942                  525,653
Current portion of term loans payable                                                  51,423                   25,994
Credit line payable                                                                         -                  745,000
Advance billings                                                                      241,030                  149,675
Payroll and other taxes payable                                                        34,482                   65,808
                                                                              ----------------     --------------------
     Total Current Liabilities                                                      1,279,551                2,898,436

TERM LOANS PAYABLE                                                                     67,740                   31,065
                                                                              ----------------     --------------------
     Total Liabilities                                                              1,347,291                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
     8,194,530 and 7,375,030 shares issued and outstanding
     in 1997 and 1996, respectively                                                     8,195                    7,375
Additional paid-in capital                                                          9,653,531                6,088,975
Accumulated deficit                                                                (2,050,693)              (1,502,515)
                                                                              ----------------     --------------------

     Total Stockholders' Equity                                                     7,611,033                4,593,835
                                                                              ----------------     --------------------

TOTAL                                                                              $8,958,324               $7,523,336
                                                                              ================     ====================
</TABLE>

See Notes to Financial Statements.

                                        2
<PAGE>

TRINITECH SYSTEMS, INC.
--------------------------------------------------------------------------------

STATEMENTS OF OPERATIONS (Unaudited)
-----------------------------------------------------------------------------

<TABLE>
<CAPTION>

                                              --- Three Months Ended ---                         --- Six Months Ended ---
                                           June 30,                 June 30,                 June 30,                June 30,
                                            1997                     1996                     1997                    1996
                                           --------------     --------------------     -------------------     --------------------

REVENUES:
<S>                                           <C>                      <C>                     <C>                      <C>
Sales                                         $  865,233               $1,788,648              $2,441,277               $2,222,650
Service contracts                                275,312                  180,219                 508,845                  349,313
                                           --------------     --------------------     -------------------     --------------------
     Total Revenues                            1,140,545                1,968,867               2,950,122                2,571,963
                                           --------------     --------------------     -------------------     --------------------

COST OF SALES AND SERVICE:
Parts and materials                              186,636                1,057,921                 802,985                1,241,150
Labor, overhead and other costs                  223,128                  159,328                 438,210                  295,787
                                           --------------     --------------------     -------------------     --------------------
     Total Cost of Sales and Service             409,764                1,217,249               1,241,195                1,536,937
                                           --------------     --------------------     -------------------     --------------------

GROSS PROFIT                                     730,781                  751,618               1,708,927                1,035,026
                                           --------------     --------------------     -------------------     --------------------

EXPENSES:
Selling, general and administrative            1,193,871                  708,646               2,235,035                1,353,995
Depreciation and amortization                     51,212                   38,347                  98,586                   76,214
                                           --------------     --------------------     -------------------     --------------------
     Total Expenses                            1,245,083                  746,993               2,333,621                1,430,209
                                           --------------     --------------------     -------------------     --------------------

INCOME (LOSS) FROM OPERATIONS                   (514,302)                   4,625                (624,694)                (395,183)

OTHER INCOME - NET                                51,523                   19,529                  76,516                   37,059
                                           --------------     --------------------     -------------------     --------------------

NET INCOME (LOSS)                              ($462,779)                 $24,154               ($548,178)               ($358,124)
                                           ==============     ====================     ===================     ====================

NET INCOME (LOSS)
        PER COMMON SHARE                      $( 0.06)                   $ 0.00                 $( 0.07)                $( 0.05)
                                           ==============     ====================     ===================     ====================

AVERAGE COMMON SHARES
        OUTSTANDING                            8,187,500                7,295,300               7,890,900                7,284,700
                                           ==============     ====================     ===================     ====================
</TABLE>

See Notes to Financial Statements.

                                        3

<PAGE>

TRINITECH SYSTEMS, INC.
--------------------------------------------------------------------------------

STATEMENTS OF CASH FLOWS (Unaudited)
------------------------------------------------------------------------
<TABLE>
<CAPTION>

                                                                           ---Six Months Ended ---
                                                                      June 30,                June 30,
                                                                        1997                    1996
                                                                  ----------------------------------------
<S>                                                                    <C>                      <C>       
OPERATING ACTIVITIES:
Net loss                                                               ($548,178)               ($358,124)
Adjustments to reconcile net loss to
   net cash used in operating activities:
     Depreciation and amortization                                       268,370                  222,211
     Changes in assets and liabilities:
       Accounts receivable                                             1,291,385                  453,242
       Inventories                                                      (229,121)                (182,041)
       Prepaid expenses                                                    2,733                  (92,816)
       Accounts payable - trade                                         (739,632)                 397,118
       Deferred revenue                                                   91,355                    1,171
       Payroll and other taxes payable                                   (31,326)                  (8,734)
       Accrued expenses                                                 (219,711)                (291,162)
                                                                  ---------------     --------------------
Net cash (used for) provided by operating activities                    (114,125)                 140,865
                                                                  ---------------     --------------------

INVESTING ACTIVITIES:
Payments for equipment                                                  (253,710)                 (48,034)
Payments for other assets                                               (160,791)                (177,193)
                                                                  ---------------     --------------------
Net cash used in investing activities                                   (414,501)                (225,227)
                                                                  ---------------     --------------------

FINANCING ACTIVITIES:
Issuance of common stock                                               3,565,376                   73,620
Repayment of borrowings                                                 (682,896)                  (8,334)
                                                                  ---------------     --------------------
Net cash provided by financing activities                              2,882,480                   65,286
                                                                  ---------------     --------------------

INCREASE (DECREASE) IN CASH                                            2,353,854                  (19,076)

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

CASH, END OF PERIOD                                                   $3,552,584               $1,239,043
                                                                  ===============     ====================
</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 June 30, 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:

                                             June 30, 1997    December 31, 1996

               Parts                         $  965,299         $  750,722
               Finished goods                   418,009            403,465
                                             ----------         ----------

                                    Total    $1,383,308         $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.   In  February  of  1997,  the  Financial  Accounting
            Standards Board issued  Statement of Financial  Accounting  Standard
            No. 128, "Earnings Per Share". The Company will adopt this standard,
            as required, at the end of this year. Had this standard been adopted
            at the beginning of 1997,  for the three and six month periods ended
            June 30, 1997 the Company would have  reported  basic loss per share
            of $0.06 and $0.07, respectively.

                                        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.   Certain  statements   included  in  this  report,
including,  but not limited to, statements in this  Management's  Discussion and
Analysis  of  Financial  Condition  and  Results  of  Operations,  which are not
historical  facts may be deemed  to  contain  forward  looking  statements  with
respect to events,  the occurrence of which  involves  risks and  uncertainties,
including,  but not limited to, the Company's  expectations regarding net sales,
gross profit, operating income (loss) and financial condition.

REVENUES

            Revenues  for the  three and six  months  ended  June 30,  1997 were
$1,140,545  and  $2,950,122  as compared to  $1,968,867  and  $2,571,963  in the
comparable  periods in 1996.  The  decrease in  revenues  during the three month
period ended June 30, 1997 over the comparable 1996 quarter principally resulted
from the Company  beginning to change its revenue mix from  traditional  capital
equipment sales to  subscription-based  revenue.  Subscription revenue contracts
are generally  for an initial  period of one year with one to three year renewal
periods,  with  annual  revenues  ranging  from  $15,000 to over  $100,000,  per
contract.  During the three months ended June 30, 1997, capital equipment sales,
software and subscription  revenue were  approximately  52%, 43% and 5% of sales
revenues,  respectively as compared to 85%, 15% and 0%,  respectively during the
three months ended June 30, 1996.  Although  subscription-based  revenue has the
short-term  negative impact of reduced  revenues in the early stage,  management
believes  that the change  will have a long-term  positive  impact on the future
revenue  growth of the  Company.  Management  is of the opinion that this change
will  result in  additional  new  orders  and  increased  market  share  that it
otherwise  would not have had, as well as longer-term  predictable  revenues per
customer.  The increase in revenues for the six month period ended June 30, 1997
over the  comparable  1996  period was  principally  due to an  increase  in the
delivery of software  systems,  specifically for the Company's  FIXtalk software
system,  and  increased  deliveries  of touch  vending  terminal  products  to a
non-financial   service  firm  customer   during  the  first  quarter  of  1997.
Approximately  43% and 39% of the Company's sales revenues for the three and six
month  periods  ended June 30,  1997 were  derived  from  software  licenses  as
compared to  approximately  15% and 16% during the  comparable  periods in 1996.
Revenue from export sales  approximated  $220,000 (25% of sales) and  $1,441,000
(59% of sales)  during the three and six months  ended June 30, 1997 as compared
to $1,520,000 (85% of sales) and $1,593,000 (72% of sales) during the comparable
periods in 1996. In addition,  revenues from service contracts  increased by 53%
and 46% in the  three  and six  month  periods  ended  June  30,  1997  over the
comparable 1996 periods. The increase in service revenue resulted from increased
sales of hardware and software  products  during the past year.  The Company did
not  experience  any  significant  price changes in its product lines during the
three and six month periods ended June 30, 1997 and 1996.

                                       6

<PAGE>
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 were 64.1% and 57.9% for
the three and six month  periods  ended June 30,  1997 as  compared to 38.2% and
40.2%  during the  comparable  periods in 1996.  The  increase  in gross  profit
percentage  experienced by the Company during 1997 principally  resulted from an
increase  in the  amount  of  higher  margin  software  installations  which was
partially  offset by lower margins  associated  with the Company's touch vending
terminal products sold during the first quarter of 1997 and throughout 1996. The
Company  obtains its  materials and supplies from a variety of vendors in the US
and Far East.  During the three and six months ended June 30, 1997,  the Company
did not  experience  any  significant  price  increases in its  component  parts
purchased.

SELLING, GENERAL AND ADMINISTRATIVE

            Selling,  general and administrative  expenses for the three and six
month periods ended June 30, 1997 were  $1,193,871 and $2,235,035 as compared to
$708,646 and $1,353,995 in the comparable  periods in 1996, an increase of 68.5%
and 65.1%,  respectively.  Such increases  reflected the continued  expansion of
operations in both the U.S and in London. As a result,  the Company  experienced
increases in salaries and related personnel costs,  travel expenses,  recruiting
fees and various office  expenses.  During the past two years, the Company added
personnel  principally to its technical  programming and sales staff and, during
the three  months  ended June 30,  1997,  the  Company  added 11 new  employees.
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  management
infrastructure  in order to better  position  the  Company to respond to present
customers needs as well as for the future. The Company,  during the past several
years,  has spent a  considerable  effort in  developing  a variety  of  trading
systems.  Management  believes  that this  development  effort will  enhance the
Company's  product  portfolio  as its grows in the future.  The Company has also
continued  its  marketing  programs  for  1997,  primarily  focusing  on  public
relations   activities,   production   of   various   product   brochures,   and
representation  at  technological   exhibitions  planned  throughout  the  year.
Research and development expenses for the three and six month periods ended June
30, 1997  approximated  $79,000 and $141,000 as compared to $60,000 and $124,000
in the  comparable  periods in 1996 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. Interest income for the three and six month
periods ended June 30, 1997 were  approximately  $48,300 and $63,500 as compared
to $9,800 and $17,700 in the  comparable  periods in 1996. The increase in other
income  principally  results  from  interest  earned  on  higher  cash  balances
maintained by the Company during 1997. The Company  previously  leased a portion
of its corporate  office  facility  under a three year sublease which expired on
April 30, 1997.  Due to the continuing  expansion of operations,  (see "Selling,
General  and  Administrative"  above) the  Company  has decided not to renew the
sublease  and  incorporated  such space into its  existing  corporate  facility.
Sublease  rental income earned during the three and six month periods ended June
30,  1997  approximated  $3,200 and $13,000 as compared to $9,700 and $19,400 in
the comparable 1996 periods.

                                       7

<PAGE>

NET INCOME (LOSS)

            Net loss for the  three  months  ended  June 30,  1997 was  $462,779
($0.06 per share) as  compared  to a net income of $24,154  ($0.00 per share) in
the three months ended June 30, 1996. Net loss for the six months ended June 30,
1997  totaled  $548,178  ($0.07 per share) as compared to a net loss of $358,124
($0.05 per share) in the six months  ended June 30, 1996.  This  increase in net
loss,  during the three and six month periods  ended June 30, 1997,  principally
resulted  from 1) decrease in "capital  sales" type revenue  resulting  from the
Company moving to a  subscription-based  revenue model which presently is in its
early  stage of  growth  and 2)  lower  margins  experienced  on the sale of the
Company's touch vending terminal products sold during the first quarter of 1997.
See "Revenues" and "Cost of Sales and Service and Gross Profit" above.

            Management  has  made  a  considerable  effort  with  respect  to an
expansion of its operations,  development of various trading systems which began
in 1993 and continues  into 1997 and changes to its business  model to that of a
subscription-based product offering. The Company believes that this expansion of
personnel,  facilities,  product  portfolio  and  subscription-based  model will
better position the Company and facilitate its future growth.  However, in spite
of its optimism,  management is also  cautioning  that the Company's  aggressive
conversion from a capital sales model to a  subscription-based  model is causing
revenue recognition from subscription-based  orders to be realized over a longer
period of time than the previous capital sales model.

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 June 30, 1997, cash
balances increased to $3,552,584 from $1,198,730 at December 31, 1996.

            The Company's  current  assets at June 30, 1997 exceeded its current
liabilities  by  approximately  $6,480,000.  The  Company  at June 30,  1997 had
long-term  debt totaling  approximately  $67,700 which  represents  secured term
loans on the purchase of development  equipment.  In addition, at June 30, 1997,
the Company had no material  commitments  for capital  expenditures or inventory
purchases.  The Company had  available a one million  dollar bank line of credit
facility for the purpose of financing accounts receivable and, at June 30, 1997,
the  Company  had not used  the line of  credit  facility.  The line of  credit,
secured by accounts receivable and inventory, expires on June 30, 1999. Interest
on the line of credit is based on the bank's prime rate plus one percent.

            The Company believes that with its available capital, line of credit
facility 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.

                                       8

<PAGE>

            In addition,  at June 30, 1997, the Company has warrants outstanding
for the  purchase  of 541,337  shares of its  Common  stock at  exercise  prices
between $2.00 to $4.50.  Assuming the exercise of all such outstanding Warrants,
the Company would realize approximately $1,530,000 in gross proceeds.












                                       9

 <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:  August 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)

                                       10