FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


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

For quarter ended  December 31, 1996
                   -----------------

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

For the transition period from   _______________to__________________


Commission file number  0-4025
                        ------

                           SYMETRICS INDUSTRIES, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)



               Florida                                         59-0954868
      -----------------------                               -------------------
      (State of Incorporation)                              (I.R.S. Employer
                                                            Identification No.)


             557 N. Harbor City Boulevard, Melbourne, Florida 32935
             ------------------------------------------------------
                    (Address of principal executive offices)

                                 (407) 254-1500
              ----------------------------------------------------
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

Yes  X          No
    ----           ----

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

                  Class                        Outstanding at February 14, 1997
      ----------------------------             --------------------------------
      (Common stock, $.25 par value)                       1,618,713



<PAGE>
                         PART 1 - FINANCIAL INFORMATION
                    SYMETRICS INDUSTRIES, INC. AND SUBSIDARY
                      CONDENSED CONSOLIDATED BALANCE SHEET

                                     ASSETS
<TABLE>
<CAPTION>
                                                              DECEMBER 31   MARCH 31
                                                                  1996         1996
                                                                  ----         ----
                                                              (UNAUDITED) (DERIVED FROM AUDITED
                                                                           FINANCIAL STATEMENTS)
<S>                                                          <C>           <C>    
Current assets:
         Cash                                                $    34,951   $ 1,657,905
         Receivables                                           2,717,655     1,581,428
         Costs and estimated earnings in excess
            of billings on uncompleted contracts               4,690,444     2,931,069
         Inventory                                               972,688       635,893
         Mortgage receivable                                     450,000       450,000
         Other assets                                            139,130        65,898
                                                             -----------   -----------
               Total current assets                            9,004,868     7,322,193
                                                             -----------   -----------
Property, plant and equipment                                  4,966,749     3,336,076
         Less accumulated depreciation                         1,456,898     1,572,585
                                                             -----------   -----------
                                                               3,509,851     1,763,491
                                                             -----------   -----------
Deferred income taxes                                            298,720       325,453
                                                             -----------   -----------
Other assets:
         Other                                                 1,791,654        94,784
         Goodwill, less accumulated amortization                 519,807       580,577
                                                             -----------   -----------
                                                               2,311,461       675,361
                                                             -----------   -----------

Total assets                                                 $15,124,900   $10,086,498
                                                             ===========   ===========
                      LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
            Notes payable                                    $   300,000   $     1,000
            Current maturities of long-term debt                  70,732        25,436
            Accounts payable and accrued expenses              2,719,333     2,098,788
            Billings in excess of costs and estimated
               earnings on uncompleted contracts                 371,449         7,869
            Income taxes payable                                 243,455       452,239
                                                             -----------   -----------
                 Total current liabilities                     3,704,969     2,585,332
                                                             -----------   -----------
Deferred compensation                                            505,355       479,439
Non-current deferred tax liability                               226,234
Long-term debt, less current maturities                        2,729,598       568,363
                                                             -----------   -----------
                                                               3,461,187     1,047,802
                                                             -----------   -----------
Shareholders' equity
           Common stock, $.25 par value                          404,123       398,824
           Additional paid-in capital                          2,153,163     2,120,025
           Retained earnings                                   5,401,458     3,934,515
                                                             -----------   -----------
                Total shareholders' equity                     7,958,744     6,453,364
                                                             -----------   -----------

Total liabilities and shareholders' equity                   $15,124,900   $10,086,498
                                                             ===========   ===========
</TABLE>

    See accompanying notes to the condensed consolidated financial statements

                                       -2-

<PAGE>


                           SYMETRICS INDUSTRIES, INC.

                   CONDENSED CONSOLIDATED STATEMENT OF INCOME


                                   (UNAUDITED)
<TABLE>
<CAPTION>

                                       NINE MONTHS ENDED              THREE MONTHS ENDED
                                    DEC. 31         DEC. 31         DEC. 31         DEC. 31
                                    -------         -------         -------         -------
                                     1996            1995            1996            1995
<S>                             <C>             <C>             <C>             <C>         
Contract revenue                $ 18,634,480    $ 17,225,808    $  5,900,494    $  5,028,388

Costs and expenses
   Costs of revenues earned       13,863,446      12,788,297       4,215,215       3,648,535
   General and administrative      2,626,454       2,489,150         937,343         900,828
   Research and development          212,290         392,879          66,911          12,419
                                ------------    ------------    ------------    ------------
                                  16,702,190      15,670,326       5,219,469       4,561,782
                                ------------    ------------    ------------    ------------

Income from operations             1,932,290       1,555,482         681,025         466,606

Other income (expense)
   Rental and other income            47,593          28,451          28,357           9,914
   Related expense                   (23,671)        (11,916)        (15,043)         44,376
                                ------------    ------------    ------------    ------------
                                      23,922          16,535          13,314          54,290
                                ------------    ------------    ------------    ------------

    Interest income                   57,638          45,547           7,448         (15,121)
    Gain (loss) on sale of           580,087         (14,151)        580,087         (14,151)
property
    Interest expense                 (96,181)        (39,264)        (53,343)        (10,163)
                                ------------    ------------    ------------    ------------
                                     541,544          (7,868)        534,192         (39,435)
                                ------------    ------------    ------------    ------------

Income before taxes                2,497,756       1,564,149       1,228,531         481,461
Income (taxes)                    (1,030,813)       (736,436)       (529,749)       (235,954)
                                ------------    ------------    ------------    ------------

Net income                      $  1,466,943    $    827,713    $    698,782    $    245,507
                                ============    ============    ============    ============

Earnings per share              $        .91    $        .52    $       0.43    $       0.15
                                ============    ============    ============    ============

Weighted average number
   of shares outstanding           1,609,601       1,602,795       1,616,153       1,607,931

</TABLE>


          See accompanying notes to the condensed financial statements.
















                                       -3-


<PAGE>




                    SYMETRICS INDUSTRIES, INC. AND SUBSIDARY

                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

                                   (UNAUDITED)


                                                          NINE MONTHS ENDED
                                                          -----------------
                                                     DECEMBER 31    DECEMBER 31
                                                     -----------    -----------
                                                         1996           1995
                                                         ----           ----
Cash provided by (used in)
      Operations
    Net income                                       $ 1,466,943    $   827,713
    Adjustments for non cash charge                      317,384        221,380
    Changes in assets and liabilities                 (3,976,278)       802,614
                                                     -----------    -----------
    Net cash provided by (used in) operations         (2,191,951)     1,851,707


  Investing
    Capital expenditures                              (1,630,673)      (691,785)
                                                     -----------    -----------
    Cash used for investing                           (1,630,673)      (691,785)
                                                     -----------    -----------

  Financing
    Proceeds from stock options                           38,435         36,936
    Borrowing (repayment) of long-term debt            2,161,235       (230,769)
                                                     -----------    -----------
    Cash provided by (used) for financing              2,199,670       (193,833)
                                                     -----------    -----------

 Increase (decrease) in cash                          (1,622,954)       966,089

Cash beginning of period                               1,657,905        318,138
                                                     -----------    -----------

Cash end of period                                   $    34,951    $ 1,284,227
                                                     ===========    ===========

Cash payments for interest                           $    97,380    $    39,264

Cash payments for income taxes                       $   999,626    $   951,398



    See accompanying notes to the condensed consolidated financial statements




                                      - 4 -

<PAGE>



                    SYMETRICS INDUSTRIES, INC. AND SUBSIDARY
                                    FORM 10-Q
                         QUARTER ENDED DECEMBER 31, 1996
              Notes to Condensed Consolidated Financial Statements
                                   (Unaudited)

o  BASIS OF PRESENTATION
   ---------------------

*    The financial statements contained herein are unaudited but, in the opinion
of  management,   reflect  all  adjustments,   consisting  of  normal  recurring
adjustments,  which are  necessary  to a fair  statement  of the results for the
periods  ended  December 31, 1996 and 1995.  The results of  operations  for the
period ended December 31, 1996 are not necessarily  indicative of the results to
be expected for the full fiscal year.

*    Refer to the Company's Form 10-K for the year ended March 31, 1996 as filed
with the Securities  and Exchange  Commission on June 14, 1996 for a description
of accounting  policies which have been continued  without change.  Refer to the
Form 8-K filed by the  Company on May 3, 1996 as  amended by the 8-K/A  filed on
July 5, 1996 regarding the acquisition of American Digital  Switching  effective
April 1, 1996.  Also refer to notes  included in the  financial  statements  for
additional details of the Company's financial  condition,  results of operations
and changes in financial position.

*    Inventories stated on the balance sheet are raw materials,  work in process
and finished  assemblies  primarily for Symetrics'  subsidiary  American Digital
Switching for future  shipments of existing  orders and to provide field service
support to their customers.  Refer to the Company's Form 10-K for the year ended
March 31, 1996 for discussion of costs incurred on uncompleted contracts.

o  ACQUISTION DURING THE QUARTER ENDED JUNE 30, 1996
   -------------------------------------------------
 
         Effective April 1, 1996, Symetrics acquired 933,334 (approximately 95%)
of the outstanding common stock of American Digital  Switching,  Inc. ("ADS") in
exchange for 207,399 shares of Symetrics'  common stock or approximately  13% of
the outstanding  capital stock of Symetrics after the exchange.  The transaction
has been  accounted  for under  the  pooling-of-interest  method of  accounting.
Accordingly,  the condensed consolidated statements of income and cash flows for
the periods  ended  December  31, 1996 include the  combined  operations  of the
Companies.  The  condensed  consolidated  balance  sheet  as of March  31,  1996
includes the combined assets and liabilities of the two Companies and is derived
from  separate  audited  financial  statements  of the  Companies  at that date.
Similarly,  the condensed  consolidated  statements of income and cash flows for
the periods ended December 31, 1995 presented  herein for comparative  purposes,
includes the combined  operations  of the  Companies as if the  combination  had
occurred at April 1, 1995.  Such  statements  were  derived  from the  unaudited
interim  financial  statements of the separate  Companies.  The weighted average
number of common  shares  outstanding  used in the  computation  of earnings per
share for the periods ended December 31, 1995 and December 31, 1996 includes the
shares issued by Symetrics in the ADS acquisition.

                                      - 5 -


<PAGE>
                    SYMETRICS INDUSTRIES, INC. AND SUBSIDARY
                                    FORM 10-Q
                         QUARTER ENDED DECEMBER 31, 1996

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

         For the nine months ended  December 31, 1996,  contract  revenues  were
$18,634,480 a 8.2% increase over the  $17,225,808 for the  corresponding  period
last year.  For the current nine month  period,  net income was  $1,466,943,  or
$0.91 per share,  including  $353,853  (net of income  taxes) or $0.22 per share
resulting  from the gain on  exchange  of  property  in the  acquisition  of the
Company's new facilities in Melbourne,  Florida,  Net income (excluding the gain
on exchange of property) was  $1,113,090 or $0.69 per share, a 34% increase over
the  $827,713  or $0.52 per share,  a year ago.  Working  capital  increased  by
$563,038 for the nine months. The backlog closed at $9.8 million,  compared with
the $9.6 million at December 31, 1995 .

         The  increase  in  contract  revenues  for the  current  nine months is
attributable to growth in the Company's commercial products that generated 28.6%
of the total revenue.  The increase in net income for the current nine months is
attributed to continued profitability of the Company's Defense Products Division
and the  incorporation of American  Digital  Switching's  financial  performance
which has the effect of  reducing  the  Company's  consolidated  net income last
year.  The higher  general and  administrative  expense is due to the  continued
marketing  emphasis  on  the  Company's  products.   The  reduced  research  and
development  costs are attributed to capitalizing  American Digital  Switching's
(ADS)  development  expenses  for fiscal 1997 which will be  amortized  over the
anticipated quantity of Centura TM 2000 systems and subsystems to be sold. Prior
to fiscal year 1997 these  development  costs were  expensed as incurred by ADS.
Increased interest expense resulted from the continued financing requirements of
American Digital  Switching for the  developmental  phase of the Centura TM 2000
telephone  switch.  The  $580,087  gain  on sale of  property  reflects  the tax
deferred  exchange of the Company's  previous property in the acquisition of the
new facility on NASA boulevard.

        Referring  to  the  Balance  Sheet,  the  Company's  combined  cash  and
receivables,  less the accounts payable are significantly lower due to increased
research  and  development  costs  for the  Centura  TM 2000  switch  as well as
marketing  expenses  attributed to the Company's  commitment to foster growth in
it's commercial divisions.  Cost and estimated earnings in excess of billings on
uncompleted  contracts increased primarily due to the booking of cost related to
ongoing  Defense  Products  and  Contract  Manufacturing  programs  which  as of
December  31,  1996 were  unbillable  due to timing of customer  invoicing.  The
increase in inventory  reflects  American  Digital  Switching's  procurement  of
electronic  components  and  production of  assemblies  which are to be utilized
primarily  toward  fulfillment  of  backlog.  Other  current  assets  increased,
reflecting a upward  adjustments in the current portion of deferred income taxes
as well as a the prepaid expense accounts.  The increase in property,  plant and
equipment  reflects  primarily  the  acquisition  of the new  facility  for $1.8
million and also capital purchases for manufacturing  equipment. The increase in
long-term debt and the current  maturities  portion reflect the American Digital


                                       -6-

<PAGE>

Switching continued financing requirements for the development of the Centura TM
2000 telephone  switch and $552,724,  fifteen year note for the new facility.The
capitalized  development  expenses  in fiscal  year 1997 for the Centura TM 2000
telephone  switch are  classified  under other assets on the  Company's  balance
sheet.  These  capitalized  developmental  expenses will be amortized to cost of
goods sold as  shipments  of the  Centura  TM 2000  telephone  switching  system
commence.  An increase in notes payable to $300,000 reflects use of an unsecured
line of credit by the Company to take prompt payment discounts . The increase in
billings in excess of costs and estimated  earnings on uncompleted  contracts in
fiscal  year 1997  reflects  primarily  the  advanced  payment by  customers  of
American Digital Switching.

         The estimated  corporate income tax for the three months ended December
31, 1996 of $529,749 has been  accrued and is reflected on the balance  sheet as
$243,455  (net of  estimated  payments)  income  tax  payable.  The  non-current
deferred tax  liability of $226,234  resulted from the exchange of the Company's
previous facility as part of the acquisition of the new facility.

         For the three months ended  December 31, 1996,  contract  revenues were
$5,900,494,  a 17.3% increase over the $5,028,388 for the  corresponding  period
last fiscal year. The net income for the current period of $698,782 or $0.43 per
share,  includes $353,853 (net of income taxes), or $0.22 per share, on exchange
of  property.  Net income from  operations  of $344,929 or $0.21 per share,  was
40.5%  higher  than the  $245,507 or $0.15 per share for the  comparative  three
month  period  last  year.  These   improvements  are  attributed  to  continued
profitability  on the  Company's  Improved  Data Modem (IDM)  contract  with the
Government  as  well  as  the  incorporation  of  American  Digital  Switching's
financial   performance   which  had  the  effect  of  reducing  the   Company's
consolidated net income last year.

         A  comparison  of the current  quarter  ended  December 31, 1996 to the
immediately  preceding  quarter,  shows contract  revenues at $5,900,494 for the
current  quarter were  essentially  the same as $5,854,581  for the three months
ended  September 30, 1996. Net income from  operations of $ 344,929 was slightly
higher than the $327,141 of the immediately  preceding  quarter.  Backlog at the
end of the  current  quarter was $9.8  million  compared  with $10.4  million at
September 30, 1996.





Part II           OTHER INFORMATION



Item 6.       Reports on Form 8-K

         No reports on Form 8-K were filed for the quarter  ended  December  31,
1996.





                                      - 7 -

<PAGE>






                     SYMETRICS INDUSTRIES, INC. AND SUBSIARY

                                    FORM 10-Q

                         QUARTER ENDED DECEMBER 31, 1996




                                   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.



                                              SYMETRICS INDUSTRIES, INC.



DATE     FEBRUARY 14, 1997


                                              /s/    Dudley E. Garner, Jr.
                                              -----------------------------
                                              Dudley E. Garner, Jr.
                                              President,
                                              Principal Executive Officer
                                              Principal Financial Officer















                                      - 8 -