<PAGE>   1


                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  FORM 10-QSB


(Mark One)
[X] Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act
    of 1934

               For the quarterly period ended  November 30, 1995
                                               -----------------

[ ] Transition Report Under Section 13 or 15(d) of the Exchange Act

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

               Commission File Number:            0-5531

                       FLORAFAX  INTERNATIONAL,  INC.
                       ------------------------------
      (Exact name of small business issuer as specified in its charter)

          Delaware                                            41-0719035
-------------------------------                           ------------------
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                            Identification No.)

                 8075 20th Street, Vero Beach, Florida 32966
--------------------------------------------------------------------------------
                    (Address of principal executive offices)

                                  407-563-0263
                                  ------------
                          (Issuer's telephone number)


  --------------------------------------------------------------------------
  (Former name, former address and former fiscal year, if changed since last
                                   report)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the 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   
    ---           ---

The registrant had 5,922,973 shares of common stock,  $0.01 par value,
outstanding at November 30, 1995.

Transitional Small Business Disclosure Format (Check one):  Yes     ; No  X
                                                               -----    -----

<PAGE>   2


                                     INDEX

PART I   FINANCIAL INFORMATION                                          Page No.

         Item 1.   Financial Statements (Unaudited):

                   Consolidated Balance Sheets
                   November 30, 1995 and August 31, 1995                 1 - 2

                   Consolidated Statements of Income and
                     Accumulated Deficit
                   Three Months Ended November 30, 1995
                     and November 30, 1994                               3

                   Consolidated Statements of Cash Flows
                   Three Months Ended November 30, 1995
                     and November 30, 1994                               4 - 5

                   Notes to Consolidated Financial Statements            6 -7

         Item 2.   Management's Discussion and Analysis of
                   Financial Condition and Results of Operations         8 - 10

PART II         OTHER INFORMATION

         Item 1.   Legal Proceedings                                     11     
                                                                                
         Item 2.   Changes in Securities                                 11     
                                                                                
         Item 3.   Defaults Upon Senior Securities                       11     
                                                                                
         Item 4.   Submission of Matters to a Vote of Security                  
                     Holders                                             11     
                                                                                
         Item 5.   Other Information                                     11     
                                                                                
         Item 6.   Exhibits and Reports on Form 8-K                      11 - 12

Signatures                                                               13
<PAGE>   3
                          FLORAFAX INTERNATIONAL, INC.
                          Consolidated Balance Sheets

<TABLE>
<CAPTION>
                                                                                          (In Thousands)
Assets                                                                               November 30     August 31
                                                                                        1995           1995
                                                                                     -----------     ---------
                                                                                     (Unaudited)
<S>                                                                                     <C>           <C>
Current assets:
   Cash and cash equivalents                                                            $2,206        $1,972
   Restricted cash and investments                                                         577           566
   Accounts receivable:
                Members, less allowances of $631 at
                 November 30, 1995 and $706 at
                 August 31, 1995                                                         1,613         1,289
                Charge card issuers                                                        235           225
                Other                                                                                     34
                                                                                        ------        ------
                                                                                         1,848         1,548

   Prepaid and other assets                                                                153            31
                                                                                        ------        ------
                          Total current assets                                           4,784         4,117

Property and equipment, at cost:
                Fixtures and equipment                                                   1,352         1,347
                Computer systems                                                         1,138         1,114
                Communication systems                                                    1,515         1,516
                Leasehold improvements                                                     323           311
                                                                                        ------        ------
                                                                                         4,328         4,288

                Accumulated depreciation
                   and amortization                                                      3,994         3,919
                                                                                        ------        ------
                                                                                           334           369

Other assets:
                Excess of cost over net assets
                   of acquired business                                                  1,995         1,995
                Other                                                                      343           371
                                                                                        ------        ------
                                                                                         2,338         2,366
                                                                                        ------        ------
Total assets                                                                            $7,456        $6,852
                                                                                        ======        ======
</TABLE>



  See accompanying notes.
                                       1
<PAGE>   4
                          FLORAFAX INTERNATIONAL, INC.
                          Consolidated Balance Sheets


<TABLE>
<CAPTION>
                                                                                          (In Thousands)
Liabilities and stockholders' net capital deficiency                                 November 30    August 31
                                                                                        1995           1995
                                                                                     -----------    ---------
                                                                                     (Unaudited)
<S>                                                                                     <C>           <C>
Current Liabilities:
   Current maturities of long-term debt                                                  2,957           466
   Accounts payable                                                                      4,290         3,919
   Accrued liabilities:
                Member benefits                                                            156           150
                Other                                                                    1,086           980
                                                                                       -------       -------
                          Total current liabilities                                      8,489         5,515

Long-term debt, less current maturities:
   9 1/2% convertible subordinated notes                                                               2,567
   Other                                                                                   426           467
                                                                                       -------       -------
                                                                                           426         3,034

Membership security deposits                                                                49            59
Unearned directory income                                                                   86
                                                                                       -------       -------
                          Total liabilities                                              9,050         8,608

Stockholders'  net capital deficiency:
      Preferred stock (par value $10, 600,000
        shares authorized, none issued)
     Common stock - ( par value $.01,
        18,000,000 shares authorized, 5,945,973 and 5,793,874
        issued at November 30, 1995 and August 31, 1995, respectively,
        5,922,973 and 5,770,874 outstanding at November 30, 1995
        and August 31, 1995                                                                 59            58
    Additional paid-in capital                                                           7,385         7,381
    Accumulated deficit                                                                 (9,038)       (9,195)
                                                                                       -------       -------
                Total stockholders' net capital
                   deficiency                                                           (1,594)       (1,756)
                                                                                       -------       -------
Total liabilities and stockholders' net
  capital deficiency                                                                   $ 7,456       $ 6,852
                                                                                       =======       =======
</TABLE>



See accompanying notes.
                                       2
<PAGE>   5

                          FLORAFAX INTERNATIONAL, INC.
           Consolidated Statements of Income and Accumulated Deficit
                      (In Thousands Except per Share Data)

<TABLE>
<CAPTION>
                                                                            Three Months Ended
                                                                          November 30  November 30
                                                                             1995         1994
                                                                          -----------  -----------
                                                                                (Unaudited)
<S>                                                                          <C>
Net revenues:
   Member dues and fees                                                         $470       $476
   Floral and other order
      processing                                                                 584        366
   Directory and advertising fees                                                295        292
   Charge card processing                                                        309        394
   Other revenue                                                                  24         10
                                                                             -------    -------
                                                                               1,682      1,538
Expenses:
   Member support, general
      and administrative                                                       1,127      1,109
   Selling, advertising and promotion                                            156        150
   Directory publishing                                                           77         78
   Depreciation, amortization
      and retirements                                                            103        110
                                                                             -------    -------
                                                                               1,463      1,447
                                                                             -------    -------
Operating income                                                                 219         91

Other income (expense):
   Interest expense                                                              (77)       (76)
   Interest income                                                                20
   Other                                                                           1          5
                                                                             -------    -------
                                                                                 (56)       (71)
                                                                             -------    -------
Net income before income taxes                                                   163         20

Federal income tax                                                                 6
                                                                             -------    -------
Net income                                                                       157         20

Accumulated deficit at beginning of year                                      (9,195)    (9,902)
                                                                             -------    -------
Accumulated deficit at end of quarter                                        ($9,038)   ($9,882)
                                                                             =======    =======

Weighted average shares
      outstanding                                                              5,806      5,549

Primary and fully diluted earnings
   per  share                                                                  $0.03      $0.00
</TABLE>


See accompanying notes.

                                       3
<PAGE>   6
                          FLORAFAX INTERNATIONAL, INC.
                     Consolidated Statements of Cash Flows
                                 (In Thousands)

<TABLE>
<CAPTION>
                                                                               Three months ended
                                                                                   November 30
                                                                                   1995   1994
                                                                                   ----   ----
                                                                                   (Unaudited)
<S>                                                                                <C>     <C>
Operating activities
   Net income                                                                      $157    $20

   Adjustments to reconcile net income
      to net cash provided by operating activities

          Depreciation, amortization, and retirements                                75    110
          Provision for doubtful accounts                                            40     55
          Increase (decrease) in cash
             flows due to changes in:
                Accounts receivable                                                (340)   167
                Prepaid and other assets                                           (122)   (13)
                Other  assets                                                        28     25
                Accounts payable                                                    371    160
                Accrued liabilities                                                 112    (47)
                Unearned directory income                                            86     86
                Membership security deposits                                        (10)    (2)
                                                                                  -----  -----
      Net cash provided by
        operating activities                                                        397    561

Investing activities
          Capital expenditures                                                      (40)   (91)
          Deposit of restricted cash                                                (11)
                                                                                  -----  -----
             Net cash used in
                investing activities                                               ($51)  ($91)
</TABLE>



                                  (Continued)

                                       4
<PAGE>   7

                          FLORAFAX INTERNATIONAL, INC.
                     Consolidated Statements of Cash Flows
                                 (In Thousands)

<TABLE>
<CAPTION>
                                                                                                 Three months ended
                                                                                                     November 30
                                                                                                 1995           1994
                                                                                                -------        -------
                                                                                                     (Unaudited)
<S>                                                                                             <C>            <C>
Financing activities
          Proceeds from issuing debt                                                               ---         $   63  
          Proceeds from issuing stock                                                                5                 
          Reduction in bank overdraft                                                              ---           (976) 
          Payments of debt                                                                        (117)           (12) 
                                                                                                 -----          -----  
             Net cash used in                                                                                          
               financing activities                                                               (112)          (925) 
                                                                                                 -----          -----  
  Net increase (decrease) in                                                                                           
    cash and cash equivalents                                                                      234           (455) 
                                                                                                                       
  Cash and cash equivalents                                                                                            
    at beginning of year                                                                         1,972            558  
                                                                                                 -----          -----  
  Cash and cash equivalents                                                                                            
    at end of period                                                                            $2,206         $  103  
                                                                                                 =====          =====  
                                                                                                                       
                                                                                                                       
  Supplemental disclosures of                                                                                          
    cash flow information:                                                                                             
      Cash paid during the period for interest                                                  $   14         $    6  
      Cash paid during the period for income tax                                                $    6            ---  
                                                                                                 =====          =====  
</TABLE>



See accompanying notes.

                                      5
<PAGE>   8

                          FLORAFAX INTERNATIONAL, INC.
                   Notes to Consolidated Financial Statements
                      Three Months Ended November 30, 1995


Note (1) Management's Opinion and Accounting Policies

The accompanying interim financial statements should be read in conjunction
with the Florafax International, Inc. (the Company's) Form 10-KSB for the year
ended August 31, 1995.

In the opinion of Management the unaudited consolidated financial statements
contain all adjustments (consisting of only normal recurring adjustments)
necessary to present fairly the Company's consolidated financial position as of
November 30, 1995 and the consolidated results of operations and cash flows for
the three months ended November 30, 1995.

Historically, the Company's flowers-by-wire operation is seasonal in that its
member florists send a much larger volume of orders during Thanksgiving, the
Christmas season, Valentine's Day, Easter and Mother's Day.  Therefore, the
results of operations of an interim period may not necessarily be indicative of
the results expected for a full year. In an effort to increase orders to member
florists the Company continues to engage in non traditional campaigns through
it's wholly owned subsidiary, The Flower Club. The Flower Club, Inc. was formed
to generate additional orders by pursuing relationships with nationally
recognized corporations. The Company engages in joint marketing campaigns with
these corporations not only during holidays, but also during non seasonal
periods in an effort to provide member florists with orders during slow periods
of the year. Floral orders and handling fees generated through The Flower Club
have become significant, representing  57% of gross floral order revenue for
the quarter ended November 30, 1995 compared to 42% for the quarter ended
November 30, 1994. Management expects the upward trend in orders generated by
The Flower Club to continue.

The Company continues to focus on its basic core business, which is primarily
flowers by wire and processing credit cards.

Note (2) Contingencies

Florafax International, Inc. vs. Bellerose Floral Inc. and GTE Market Resources
Inc., et al.

In October 1989, Bellerose Floral, Inc. (Bellerose) of Bayside, N.Y., an
affiliate of 800-FLOWERS, Inc. became a Florafax member florist, and Florafax
agreed to provide certain telecommunication services to Bellerose for a fee.
GTE Market Resources, Inc. (GTE/MR) was engaged by Florafax to provide
order-entry services for Florafax and to customers of Florafax, including
Bellerose.


                                      6
<PAGE>   9

                          FLORAFAX INTERNATIONAL, INC.
                   Notes to Consolidated Financial Statements
                      Three Months Ended November 30, 1995

In 1990 certain disputes arose among Florafax, Bellerose and GTE/MR regarding
the services to be performed by GTE/MR.  As a result, in 1990, Florafax filed
an action in Tulsa County (Oklahoma) District Court against GTE/MR and
Bellerose.  Bellerose then filed an action in New York Federal Court against
Florafax.  Subsequently, Florafax and Bellerose settled their claims against
each other.  Florafax pursued its claim against GTE/MR for damages suffered as
a result of GTE/MR's breach of the telecommunications service agreement.  On
November 23, 1993 a jury awarded Florafax $1,481,000 in net damages against
GTE/MR.

GTE/MR appealed this case and posted bond with the Court in order to do so.  On
December 22, 1994 this case was assigned to the Oklahoma Court of Appeals by
the Oklahoma Supreme Court.  On April 4, 1995 the Court of Appeals of the State
of Oklahoma released for publication its decision on the appeal filed by
GTE/MR.  The award to the Company of $743,117 for consequential damages was
affirmed.  To the extent that the Company was awarded lost profits for two
years in the amount of $750,000, the judgment was reversed and remanded for a
determination of lost profits as limited by Oklahoma law.  The award to GTE/MR
of a set-off amount of $88,750 for unpaid invoices was affirmed, a contractual
rate of 18% per annum applied for prejudgment interest was applied and the case
remanded for a determination of an award of GTE's reasonable attorney's fees,
expenses and other collection costs incurred in recovering the unpaid invoice
amounts, but not their fees or expenses in defending against the claims of the
Company or in pursuing other unsuccessful aspects of GTE/MR's counterclaim.
The denial of the Company's request for attorney's fees was affirmed.  The
Company and GTE/MR have each petitioned the Oklahoma Supreme Court for writ of
certiorari to review the portions of the Oklahoma Court of Appeals decision
adverse to their respective interests, and both of the parties appeals have
been granted.  There are no assurances that the Company will obtain a favorable
ruling from the Oklahoma Supreme Court.

The Company's legal counsel has tried this case on a contingency fee basis and,
accordingly, the Company has incurred minimal expenses related to this
litigation.  However, the agreement between the Company and its legal counsel
stipulates that the Company's attorneys are to receive 40% of the net proceeds
now that the case has reached the appellate court.  Consequently, the Company
is to receive 60% of the ultimate proceeds.  Recognition of any of these
amounts will not be reflected in the financial statements until ultimate
resolution.

Other

The Company is involved in various disputes involving routine business matters,
the resolution of all of which in management's opinion will not have a material
adverse effect upon the Company.


                                      7
<PAGE>   10

                          FLORAFAX INTERNATIONAL, INC.
       Management's Discussion and Analysis of Financial Condition and
                            Results of Operations

Liquidity and Capital Resources

Sources of cash to meet future requirements are existing cash balances and
internally generated funds. Management is currently pursuing options that may
give the Company access to additional working capital.

In addition, as discussed in Note 2, the Company is hopeful that they will
reach a settlement with GTE/MR during the current year, which could provide an
additional source of working capital. However,  there  is no guaranty that the
Company will receive any funds as a result of the GTE/MR judgment.

The Company continues to generate positive cash flow from operations. Cash
provided by operations for the Quarter ended November 30, 1995 was $397,000
compared to $561,000 for the quarter ended November 30, 1994. For the quarter
ended November 30, 1995 the Company reported a total increase in cash of
$234,000 compared to an overall cash decrease of ($455,000) for the quarter
ended November 30, 1994.

Operating cash flows historically have been generated primarily from processing
floral orders and charge card transactions for the Company's member florists,
as well as collecting dues, fees and directory advertising from the members.
Floral order processing may require settlement with the fulfilling florist
before collection of funds from the sending florist.  The terms of the
Company's receivables are 30 days, which management believes are consistent
within the industry. Charge card processing, however, generally allows the
Company to collect funds from the charge card issuer prior to settlement with
the merchant. Since in both types of transactions the Company is both
collecting and settling funds, the timing of these cash flows has a significant
impact on the Company's liquidity.

As discussed in Note 1 to the consolidated financial statements the Company
continues to engage in non traditional campaigns through it's wholly owned
subsidiary, The Flower Club.  This has helped to improve the Company's cash
flow as the majority of orders generated through The Flower Club are paid for
by credit cards. This allows the Company to receive its funds within days after
processing the transaction. For the quarter ended November 30, 1995 floral
orders and handling fees generated through The Flower Club amounted to
approximately $2,667,000 compared to $1,392,000  for the quarter ended November
30, 1994, an increase of 92%.


                                      8
<PAGE>   11

                          FLORAFAX INTERNATIONAL, INC.
       Management's Discussion and Analysis of Financial Condition and
                            Results of Operations

RESULTS OF OPERATIONS

General Comments

The Company's return to profitability during fiscal 1995 appears to be
continuing in fiscal 1996, as net income for the quarter ended November 30,
1995 was $157,000 compared to $20,000 for the quarter ended November 30, 1994.
In addition, total revenues increased by 9% during the quarter ended November
30, 1995 when compared to the same period in the prior year while operating
expenses increased by only 1%.

Net Revenues

Revenues from member dues and fees remained relatively constant during the
quarter ended November 30, 1995 when compared to the same period in the prior
year.  Management believes that the number of orders that the Company is now
providing to it's members has allowed the Company to maintain it's membership
base.

Floral order revenue increased by 60% for the quarter ended November 30, 1995
when compared to the same period in the previous year. This increase is
primarily a result of orders generated by The Flower Club. Orders generated by
The Flower Club increased by 92% during the quarter ended November 30, 1995
when compared to the same period in the previous year. Management expects the
upward trend in orders generated by The Flower Club to continue.

Net revenues from credit card operations decreased by 22% for the quarter ended
November 30, 1995 when compared to the same quarter in the previous year. The
gross dollar amount of credit cards processed actually increased by 27%,
however there were four primary factors that caused a decrease in net revenues,
as follows. First, the Company lowered it's discount rate to be more
competitive in certain markets. Second, the Company experienced an increase in
the cost to clear credit card transactions as well as an increase in data
capture and authorization fees. Third, certain credit card companies began
settling credit card transactions directly with a segment of the Company's
merchants, which eliminated the Companies ability to charge a discount rate on
these transactions. Fourth, the Company no longer processes the credit card
transactions for the Oklahoma State Treasurers office.

Expenses

Member support, general and administrative expenses increased slightly (2%) for
the quarter ended November 30, 1995 when compared to the same quarter in the
previous year. Certain


                                      9
<PAGE>   12

                          FLORAFAX INTERNATIONAL, INC.
       Management's Discussion and Analysis of Financial Condition and
                            Results of Operations

expenses such as salaries and telephone expense experienced an increase. A
portion of these increases were due to orders generated by The Flower Club as
each order has two associated long distance phone calls as well as the need for
an operator to take the order and often times to place the order. Other costs
such as consulting fees, bank service charges, and bad debt expense declined.

Selling and advertising expenses increased by 4% for the quarter ended November
30, 1995 when compared to the same quarter in the previous year. The main
component of this increase was an increase in advertising costs. Now that the
Company is operating at a profit management has begun to focus on increasing
membership which required expenditures for advertising. The Company may
continue to incur advertising costs in an effort to increase membership.

Other income (expense)

The Company is reporting interest income of $20,000 for the quarter ended
November 30, 1995 compared to no interest income for the quarter ended November
30, 1994. The current year interest income is a result of the Companies
improved cash position when compared to the same period last year.


                                      10
<PAGE>   13


                           PART II OTHER INFORMATION

Item 1.  Legal Proceedings

For a summary of legal proceedings, reference is made to Item 3, Legal
Proceedings, included in the Company's annual report on Form 10-KSB for the
year ended August 31, 1995 and to Note 2 of the Notes to Consolidated Financial
Statements included in this filing.

Item 2.  Changes in Securities

         None

Item 3.  Defaults Upon Senior Securities

         None

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

         None

Item 5.  Other Information

         None

Item 6.  Exhibits and Reports on Form 8-K


The following items have been included as exhibits in filings by the Company in
a previous year and, accordingly, are incorporated here by reference except for
Exhibit 27.

Exhibit Reference

         (10) Material Contracts

                 (a) Convertible subordinated notes due to Clark Estates
                     maturing June 30, 1996.

                 (b) Subordinated debentures maturing in 1998.


                                      11
<PAGE>   14
                 (c) Agreement dated December 3 1993, Addendum, Second
                                  Addendum, Third Addendum, Fourth Addendum and
                                  Fifth Addendum thereto by and between the
                                  Registrant and Citizens Fidelity Bank and
                                  Trust Company (now PNC Bank, Kentucky, Inc.).

                 (d) Purchase Agreement for certain assets formerly owned by
                                  Savannah Floral Services, Inc. dated March
                                  10, 1994.

                 (e) Note Payable to Andrew Williams dated March 10, 1994.

                 (f) Promissory Note to Citrus Bank dated November 9, 1993.

                 (g) Promissory Note to Citrus Bank dated November 17, 1993.

                 (h) Promissory Note to Citrus Bank dated January 25, 1994.

                 (i) Loan to James H. West, Director, President and Chief
                                  Financial Officer, dated August 28, 1994.

                 (j) Consulting agreement with David Harper of Ventura County
                                  California dated December 10, 1993.

                 (k) Promissory Note to Citrus Bank dated August 31, 1995.

                 (l) Operating lease agreement between Registrant and Alvin
                                  Wunderlich dated April 1995.


         (22) Subsidiaries of the Registrant

         (27) Financial Data Schecule (for SEC use only)

         (3) Articles of incorporation and Bylaws of the Registrant, as
             amended.

Reports on Form 8-K

No reports on Form 8-K were filed during the first quarter of fiscal 1996.


                                      12
<PAGE>   15

                                   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.


                                          Florafax International, Inc.


Date:    January 11, 1996                 James H. West             
         ----------------                 -------------             
                                          James H. West              
                                          President and Chief
                                          Financial Officer          
                                                                               


                                      13