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 SEPTEMBER 30, 1997
                  ------------------ 

( )   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.)


                1615 W. NASA Boulevard, Melbourne, Florida 32901
                ------------------------------------------------
                    (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 October 31, 1997
      ------------------------------           -------------------------------
      (Common stock, $.25 par value)                     1,627,713

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

                                     ASSETS
<TABLE>
<CAPTION>
                                                            SEPTEMBER 30      MARCH 31
                                                                1997            1997
                                                                ----            ----
                                                             (UNAUDITED)  (DERIVED FROM AUDITED
                                                                           FINANCIAL STATEMENTS)
<S>                                                          <C>           <C>        
Current assets:
         Cash                                                $   193,698   $    56,638
         Receivables                                           3,458,155     2,365,365
         Costs and estimated earnings in excess
            of billings on uncompleted contracts               5,782,790     5,452,394
         Inventory                                             2,117,367     1,661,249
         Deferred income taxes                                    49,123        51,677
         Other assets                                            154,577        57,453
                                                             -----------   -----------
               Total current assets                           11,755,710     9,644,776
                                                             -----------   -----------

Property, plant and equipment                                  5,892,384     5,163,389
         Less accumulated depreciation                         1,844,575     1,571,167
                                                             -----------   -----------
                                                               4,047,809     3,592,222
                                                             -----------   -----------

Deferred income taxes                                            273,549       273,549
                                                             -----------   -----------
Other assets:
         Product development costs                             3,434,690     2,187,758
         Investment in real estate                               513,298       513,298
         Goodwill, less accumulated amortization                 462,704       501,064
         Other                                                   146,919       141,583
                                                             -----------   -----------
                      Total other assets                       4,557,611     3,343,703
                                                             -----------   -----------

Total assets                                                 $20,634,679   $16,854,250
                                                             ===========   ===========

                      LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
            Notes payable                                    $ 2,360,538   $ 2,523,000
            Current maturities of long-term debt                 129,647        72,719
            Accounts payable                                   3,588,194     2,157,360
            Billings in excess of costs and estimated
               earnings on uncompleted contracts                 348,493       144,373
            Accrued liabilities                                  698,292       962,570
            Income taxes payable                                 128,736       218,545
                                                             -----------   -----------
                 Total current liabilities                     7,253,900     6,078,567
                                                             -----------   -----------

Deferred income taxes                                            191,584       191,584
Deferred compensation liability                                  438,945       438,945
Long-term debt, less current maturities                        4,233,894     1,838,446
                                                             -----------   -----------
                                                               4,864,423     2,468,975
                                                             -----------   -----------
Shareholders' equity
           Common stock, $.25 par value                          406,928       406,366
           Additional paid-in capital                          2,211,608     2,209,358
           Retained earnings                                   5,897,820     5,690,984
                                                             -----------   -----------
                Total shareholders' equity                     8,516,356     8,306,708
                                                             -----------   -----------

Total liabilities and shareholders' equity                   $20,634,679   $16,854,250
                                                             ===========   ===========

</TABLE>

    See accompanying notes to the condensed consolidated financial statements

                                       -2-

<PAGE>
                    SYMETRICS INDUSTRIES, INC. AND SUBSIDARY

                   CONDENSED CONSOLIDATED STATEMENT OF INCOME


                                   (UNAUDITED)
<TABLE>
<CAPTION>

                                          SIX MONTHS ENDED                    THREE MONTHS ENDED
                                   SEPTEMBER 30       SEPTEMBER 30       SEPTEMBER 30       SEPTEMBER 30
                                   ------------       ------------       ------------       ------------
                                        1997               1996               1997               1996
<S>                                <C>                <C>                <C>                <C>         
Contract revenue                   $ 13,063,293       $ 12,733,986       $  6,661,484       $  5,854,581

Costs and expenses
   Costs of revenues earned          10,384,628          9,648,231          5,447,404          4,355,962
   General and administrative         2,169,279          1,689,111          1,062,706            870,111
   Research and development             124,926            145,379             47,131             61,459
                                   ------------       ------------       ------------       ------------
                                     12,678,833         11,482,721          6,557,241          5,287,532
                                   ------------       ------------       ------------       ------------

Income from operations                  384,460          1,251,265            104,243            567,049

Other income (expense)
   Rental and other income              104,513             19,236             45,310              9,618
   Other expense                        (29,975)            (8,628)           (14,642)            (4,311)
                                   ------------       ------------       ------------       ------------
                                         74,538             10,608             30,668              5,307
                                   ------------       ------------       ------------       ------------

    Interest income                      20,057             50,190              7,912              6,707
    Interest expense                   (160,856)           (42,838)           (95,675)           (26,881)
                                   ------------       ------------       ------------       ------------
                                       (140,799)             7,352            (87,763)           (20,174)
                                   ------------       ------------       ------------       ------------

Income before taxes                     318,199          1,269,225             47,148            552,182
Income (taxes)                         (111,363)          (501,064)           (16,495)          (225,041)
                                   ------------       ------------       ------------       ------------

Net income                         $    206,836       $    768,161       $     30,653       $    327,141
                                   ============       ============       ============       ============

Earnings per share                 $       0.13       $       0.48       $       0.02       $       0.20
                                   ============       ============       ============       ============

Weighted average number
   of shares outstanding              1,626,588          1,606,289          1,627,713          1,611,101

</TABLE>






















     See accompanying notes to the condensed consolidated financial statements.

                                      -3-


<PAGE>



                    SYMETRICS INDUSTRIES, INC. AND SUBSIDARY

                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

                                   (UNAUDITED)


                                                      SIX MONTHS ENDED
                                                      ----------------
                                                SEPTEMBER 30       SEPTEMBER 30
                                                ------------       ------------
                                                    1997                1996
                                                    ----                 ----
Cash provided by (used in)

  Operations
    Net income                                   $   206,836        $   768,161
    Adjustments for non cash charge                  311,768            245,659
    Changes in assets and liabilities             (1,945,274)        (2,661,935)
                                                 -----------        -----------
    Net cash (used in)  operations                (1,426,670)        (1,648,115)
                                                 -----------        -----------

  Investing
    Capital expenditures                            (728,995)          (277,196)
                                                 -----------        -----------
    Cash used for investing                         (728,995)          (277,196)
                                                 -----------        -----------

  Financing
    Proceeds from stock options                        2,812             38,435
    Borrowing  of long-term debt                   2,289,913            650,653
                                                 -----------        -----------
    Cash provided  by financing                    2,292,725            689,088
                                                 -----------        -----------

Increase/(Decrease) in cash                          137,060         (1,236,223)

Cash beginning of period                              56,638          1,657,905

Cash end of period                               $   193,698        $   421,682
                                                 ===========        ===========

Cash payments for interest                       $   160,856        $    44,038

Cash payments for income taxes                   $   197,000        $   727,846



   See accompanying notes to the condensed consolidated financial statements.




                                      - 4 -


<PAGE>



                    SYMETRICS INDUSTRIES, INC. AND SUBSIDARY
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 1997
              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  September 30, 1997 and 1996.  The results of operations  for the
period ended September 30, 1997 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,  1997 as
filed  with the  Securities  and  Exchange  Commission  on June  16,  1997 for a
description of accounting  policies which have been  continued  without  change.
Also refer to notes included in the financial  statements for additional details
of the Company's financial condition, results of operations and cash flows.

*     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, 1997 for discussion of costs incurred on uncompleted contracts.

O  ACQUISTION DURING THE QUARTER ENDED JUNE 30, 1996
   -------------------------------------------------

      Effective April 1, 1996,  Symetrics acquired all of the outstanding common
stock of American Digital Switching, Inc. ("ADS") in exchange for 214,065 shares
of Symetrics, or approximately 13% of the outstanding capital stock of Symetrics
after the exchange,  and $35,000 in cash. The transaction has been accounted for
under the pooling-of-interests method of accounting.  Accordingly, the condensed
consolidated  statements  of  income  and cash  flows for the six  months  ended
September 30, 1997 and September 30, 1996 include the combined operations of the
Companies.  The  condensed  consolidated  balance  sheet  as of March  31,  1997
includes the combined assets and liabilities of the two Companies and is derived
from  consolidated  audited  financial  statements  at that date.  The  weighted
average number of common shares  outstanding used in the computation of earnings
per share for the six months  ended  September  30, 1997 and 1996  includes  the
shares issued by Symetrics in the exchange.






                                      - 5 -



<PAGE>


                    SYMETRICS INDUSTRIES, INC. AND SUBSIDARY
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 1997

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

      For the six months ended September 30, 1997 consolidated contract revenues
were  $13,063,293  which  was a 2.6%  increase  over  the  $12,733,986  for  the
corresponding  period last year. For the current six month period net income was
$206,836,  or $0.13 per share,  compared with $768,161 or $0.48 per share a year
ago.  Working  capital  increased  by $935,601  for the six months.  The current
backlog of $11.2  million was higher  than the $10.4  million at  September  30,
1996.

      The  increase  in  contract   revenues  for  the  current  six  months  is
attributable to growth in the Company's  commercial  products that generated 31%
of the total  revenue.  The decrease in net income for the current six months is
primarily  due  to  increased  marketing  and  administrative  expenses  at  the
Company's   subsidiary,   American  Digital  Switching  (ADS),  to  support  the
introduction  of its new Centura TM central office  telephone  system and higher
marketing expenses in the Company's other divisions.  Financial performance, for
the six  months,  in the  Company's  Defense  Products  Division  was strong and
consistent with the results achieved in the corresponding period last year.

      A  comparison  of the  current  quarter  ended  September  30, 1997 to the
immediately  preceding quarter,  shows consolidated  contract revenues were 4.1%
higher at $6,661,484  for the current  quarter  versus  $6,401,809 for the three
months ended June 30, 1997. Net income for the current period was $30,653, which
was  significantly  lower than the $176,183  reported for the quarter ended June
30, 1997. This decrease is primarily due to higher interest expenses at ADS, and
lower  business  volume in  commercial  contract  manufacturing  resulting  in a
sizable  decrease in gross margin.  The Company  believes this lower volume is a
temporary   timing  issue,   since  $1.7  million  of  new  orders  of  contract
manufacturing business has subsequently been received.  Backlog at September 30,
1997 was $11.2  million  versus  $16.3  million at June 30, 1997.  However,  the
Company  anticipates being awarded  significant new orders for its Improved Data
Modem  business  that will add to backlog  and  contribute  to  revenues  in the
upcoming quarter.

      Although  profitability  did not meet the anticipated  level,  the Company
believes that the investment  currently being made to diversify will result in a
stronger,  more  balanced  and poised  Company in the future.  Towards this end,
during the quarter ended  September 30, 1997, the Company  installed an advanced
very high speed  component  placement  machine and  achieved  the  international
quality  standard  of  ISO  9002  certification  in its  contract  manufacturing
division.

      As reported in the  September  12, 1997 issue of the magazine  "Inside the
Air Force",  the U.S.  Government's  General  Accounting  Office  (GAO) took the
unusual  measure of sustaining  the Company's  protest of an Air Force  contract
that  had  been   awarded  to  a  defense   contractor   for  the   AN/ALE-47(V)
Countermeasures  Dispenser  System.  Consequently,  the Air Force  reopened  the


                                       -6-

<PAGE>

competition,  and the Company  recently  submitted it's final bid.  Although the
award is very  competitive,  the  Company  believes  it has  submitted  a viable
proposal based on our excellent track record and fully compliant proposal.

      Referring  to the  balance  sheet,  the  Company  had a $935,601  or 26.2%
increase in working capital  facilitated by the $2,395,448 increase in long term
debt,  to help  finance the  ongoing  development  of the  Centura TM  telephone
system. The increase in cash and accounts  receivable of $1,229,850 at September
30, 1997 is offset by the $1,430,834 increase in accounts payable.  The increase
in inventory is primarily  work-in-process  for the upcoming Centura  shipments.
The increase in the other assets was primarily  from the expected  reimbursement
by the U.S.  Department of Defense for the Company's  expense in the  successful
protest related to the Air Force procurement discussed above. During the current
quarter the Company  purchased,  and financed  over five years,  a $525,000 very
high  speed   electronic   placement   machine  for  its'  commercial   contract
manufacturing  business.  The other additions to fixed assets included purchases
for computers and software upgrades.  The increase in product  development costs
at  September  30,  1997  was the  capitalization  of  additional  research  and
development  expenses for the Centura switch. The increase in billings in excess
of costs and estimated  earnings on  uncompleted  contracts  primarily  reflects
advance  billings  on one  defense  related  contract.  The  decrease in accrued
liabilities  reflects  product  shipments that were  previously  part of advance
billings.






PART II           OTHER INFORMATION


ITEM 6.     REPORTS ON FORM 8-K

            No reports on Form 8-K were filed for the  quarter  ended  September
            30, 1997.





















                                       -7-

<PAGE>






                     SYMETRICS INDUSTRIES, INC. AND SUBSIARY

                                    FORM 10-Q

                        QUARTER ENDED SEPTEMBER 30, 1997




                                   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     November 6, 1997


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
















                                      - 8 -