<PAGE>
                                  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, 1995
                  -------------------

( )     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 January 31, 1996
   ------------------------------             -------------------------------
   (Common stock, $.25 par value)                       1,387,898

                                      -1-
<PAGE>
                          PART 1 - FINANCIAL INFORMATION
                             SYMETRICS INDUSTRIES, INC.
                              CONDENSED BALANCE SHEET
<TABLE>                                     
<CAPTION>                                     
                                     ASSETS
    
                                                         DECEMBER 31      MARCH 31
                                                             1995            1995
                                                         ------------     ------------  
                                                         (UNAUDITED)   (DERIVED FROM AUDITED
                                                                        FINANCIAL STATEMENTS)                 
<S>                                                      <C>              <C>                                         
Current assets:     
    Cash                                                 $ 1,051,142      $   154,334
    Receivables                                            1,166,479        2,000,643
    Other receivables                                         43,240           53,062
    Costs and estimated earnings in excess      
       of billings on uncompleted contracts                3,006,559        3,575,501
    Inventory                                                 57,174           83,336
    Prepaid expenses                                          21,849           20,500
    Mortgage receivable                                      450,000          450,000
    Deferred income taxes                                     34,139           27,811
                                                        ------------     ------------
          Total current assets                             5,830,582        6,365,187
                                                        ------------     ------------
Property, plant and equipment                              2,594,467        1,873,572
    Less accumulated depreciation                          1,066,924          904,959
                                                        ------------     ------------
                                                           1,527,543          968,613
                                                        ------------     ------------
Deferred income taxes                                        129,567          116,711
                                                        ------------     ------------
Other assets:       
    Cash surrender value, officer's         
       life insurance                                                          97,149
    Investment in product line                                50,000           50,000
    Deposits                                                  10,390           26,769
    Goodwill, less accumulated amortization                  388,724          421,118
                                                        ------------     ------------
                                                             449,114          595,036
                                                        ------------     ------------
Total assets                                             $ 7,936,806      $ 8,045,547
                                                        ============     ============
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:        
    Notes payable                                        $     1,000      $     1,000
    Current maturities of long-term debt                       3,535           18,908
    Accounts payable                                       1,198,222        2,387,115
    Billings in excess of costs and estimated       
       earnings on uncompleted contracts.                     21,928          166,972
    Accrued liabilities                                      264,585          315,429
    Income taxes payable                                     557,312          712,790
                                                        ------------     ------------
          Total current liabilities                        2,046,582        3,602,214
0                                                        ------------     ------------
Deferred compensation                                        466,482          432,699
                                                        ------------     ------------
                                                             466,482          432,699
                                                        ------------     ------------
Shareholders' equity        
    Common stock, $.25 par value                             346,975          229,664
    Additional paid-in capital                             1,090,636        1,171,011
    Retained earnings                                      3,986,131        2,609,959
                                                        ------------     ------------
           Total shareholders' equity                      5,423,742        4,010,634
                                                        ------------     ------------
Total liabilities and shareholders' equity               $ 7,936,806      $ 8,045,547
                                                        ============     ============
</TABLE>
            See accompanying notes to the condensed financial statements
                                       -2-

<PAGE> 
                           SYMETRICS INDUSTRIES, INC.

                         CONDENSED STATEMENT OF INCOME
                         
(UNAUDITED)
<TABLE>                                     
<CAPTION>
                                          NINE MONTHS ENDED              THREE MONTHS ENDED      
                                        DEC. 31         DEC. 31       DEC. 31         DEC. 31  
                                       --------        --------      --------        --------   
                                         1995            1994          1995             1994
<S>                                  <C>             <C>             <C>             <C>                              
Contract revenue                     $15,151,979     $14,165,942     $4,534,741      $7,372,334
                
Costs and expenses              
   Costs of revenues earned           12,030,694      12,060,019      3,410,305       6,334,754
   General and administrative            954,154         578,533        355,163         190,671
   Research and development               93,775          41,749         40,166          11,804
                                     -----------     -----------     ----------       ---------
                                      13,078,623      12,680,301      3,805,634       6,537,229
                                     -----------     -----------     ----------       --------- 
                
Income from operations                 2,073,356       1,485,641        729,107         835,105
                
Other income (expense)              
   Rental and other income                28,451          27,844          9,913           8,608
   Related expense                       (11,916)        (11,916)        (3,972)         (3,972)
                                     -----------     -----------     ----------       ---------
                                          16,535          15,928          5,941           4,636
                                     -----------     -----------     ----------       ---------
  
    Interest income                       83,180          20,856         28,587          10,834
    Interest expense                     (22,802)        (12,376)       ( 3,590)              0
                                     -----------     -----------     ----------       ---------
                                          60,378           8,480         24,997          10,834
                                     -----------     -----------     ----------       ---------

Income before taxes                    2,150,269       1,510,049        760,045         850,575
Income (taxes)                          (774,097)       (539,238)      (273,615)       (286,842)
                                     -----------     -----------     ----------       ---------

Net income                           $ 1,376,172     $   970,811     $  486,430       $ 563,733
                                     ===========     ===========     ==========        ========

Earnings per share                   $      1.00     $       .80     $     0.35       $    0.45
                                     ===========     ===========     ==========        ========
                                               
Weighted average number
   of shares outstanding               1,380,952       1,220,017      1,386,088       1,250,748
 

    The number of shares outstanding has been adjusted to reflect the 3-for-2 stock split in May 1995.

                 See accompanying notes to the condensed financial statements.

</TABLE>








                                      -3-

<PAGE> 
                             SYMETRICS INDUSTRIES, INC.

                         CONDENSED STATEMENT OF CASH FLOWS

                                   (UNAUDITED)
<TABLE>                                     
<CAPTION>

                                                              NINE MONTHS ENDED
                                                              -----------------
                                                            DEC. 31         DEC. 31
                                                           --------        --------
                                                             1995            1994
                                                             ----            ----
<S>                                                      <C>            <C>                                           
Cash provided by (used for)                                  
    
        
  Operations        
    Net income                                           $ 1,376,172    $   970,811
    Adjustments for non cash charge                          228,142        136,356
    Changes in assets and liabilities                        (23,547)      (403,044)
                                                         -----------     ----------
    Net cash provided by operations                        1,580,767        704,123
                                                         -----------     ----------
  Investing     
    Capital expenditures                                    (720,895)       (72,009)
                                                         -----------     ----------
    Cash used for investing                                 (720,895)       (72,009)
                                                         -----------     ----------
  Financing     
    Proceeds from stock options                               36,936         59,139
    Repayment of long-term debt                                  -          (15,019)
                                                         -----------     ----------
    Cash provided  for financing                              36,936         44,120
                                                         -----------     ----------
Increase in cash                                             896,808        676,234
        
Cash beginning of period                                     154,334        153,275
                                                         -----------     ----------

Cash end of period                                       $ 1,051,142     $  829,509
                                                         ===========     ==========

Cash payments for interest                               $    24,602     $      591
        
Cash payments for income taxes                           $   951,398     $   63,770 


</TABLE>

               See accompanying notes to the condensed financial statements













                                     - 4 -

<PAGE>


                            SYMETRICS INDUSTRIES, INC.

                                  FORM 10-Q

                         QUARTER ENDED DECEMBER 31, 1995


                    Notes to Condensed Financial Statements

                                 (Unaudited)


*       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, 1995 and  1994.   The results of 
operations for the period ended December 31, 1995 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, 1995 as 
filed with the Securities and Exchange Commission on June 5, 1995 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 changes in financial position.

*       Inventories stated on the balance sheet at December 31, 1995 are raw 
materials - primarily electronic parts and components. Refer to the 
Company's Form 10-K for the year ended March 31, 1995 for discussion of 
costs incurred on uncompleted contracts.


















                                      - 5 -

<PAGE>

                            SYMETRICS INDUSTRIES, INC.

                                  FORM 10-Q

                         QUARTER ENDED DECEMBER 31, 1995




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

        For the nine months ended December 31, 1995, contract revenues were 
$15,151,979, a 7% increase over the $14,165,942 for the corresponding period 
last year.  For the current nine month period, a net income of $1,376,172, 
or $1.00 per share, is reported compared to $970,811 or $0.80 per share, a 
year ago.  Working capital increased by $1,021,027 for the nine months and,  
in addition, capital purchases of $720,895 were paid by cash.  The backlog 
closed at $9.6 million, compared with the $18.6 million at December 31, 
1994.

        Contract revenues for the current nine months increased 7.0% compared 
to the corresponding period last year, but net income was  41.8 % higher. 
This significant increase is due primarily to continued productivity 
improvement on the Company's major program, the Improved Data Modem (IDM) 
and increased revenues from both commercial product areas.  Accordingly, the 
gross margin  improved to 20.6% for the nine months ended December 31, 1995 
versus 14.9%  for the nine months ended December 31, 1994.  The significant 
improvement in gross margin was supplemented by a four fold increase in 
interest income which resulted from prudent cash management and an 
investment in a high yielding mortgage receivable. The higher general and 
administrative expense is due to the marketing emphasis on the Computer 
Telephony Systems software products. The higher research and development 
expense reflects an increased engineering activity on these software 
products.

        Referring to the Balance Sheet, the Company has experienced good cash 
flow and increased working capital due to the profitable operations.  The 
total of cash and receivables is essentially unchanged since the start of 
the year; however, the accounts payable have decreased by 50% reflecting the 
profitable operations and good cash management. Since March 31, 1995 the 
Company has added $720,895 of capital equipment and the $250,000 five-year 
note executed in April 1995 has been retired, resulting in no long term 
debt.  The decrease in cost and estimated earnings in excess of billings on 
uncompleted contracts reflects the high value of equipment shipments during 
the nine month period. The decrease in billings in excess of costs and 
estimated earnings on uncompleted contracts also reflects equipment 
shipments that liquidated advanced billings. The lower accrued liabilities 
at December 31, 1995 reflect primarily the payment of $40,259 in accrued 
expenses associated with the acquisition of the assets of SouthernCircuit 
Technologies, Inc. in January 1995. The estimated corporate income taxes of 
$557,312 (tax due of $774,097 less estimated tax payments of $216,785) for 
this period have been accrued at December 31, 1995 and the taxes of $712,790 
from fiscal 1995 have been paid. 


                                      -6-

<PAGE>

        For the three months ended December 31, 1995, contract revenues were 
$4,534,741, a 38.4% decrease over the $7,373,334 for the corresponding 
period last fiscal year.     The net income for the current period of 
$486,430 or $0.35 per share, was  13.7% lower than the $563,733 or $0.45 per 
share for the comparative three month period last year. The decrease in 
revenues is attributed to the lower backlog and the fact that the third 
quarter ended December 31, 1994 was an exceptionally high quarter, a Company 
record. A comparable decrease in net income was not realized due to 
substantial improvements made to gross margin.  

 Contract revenues for the current quarter ended December 31, 1995 were
5.4% lower than the revenues of  $ 4,793,099 for the immediately preceding  
quarter that ended September 30, 1995.  The net income of $ 486,430 was 10% 
higher than the $442,395 of the  immediately preceding quarter  due to the 
increased productivity on the Company's largest contract.  Backlog at the 
end of the current quarter was $ 9.6 million compared with $ 12.1 million at 
September 30, 1995. The Company believes the decrease in backlog is due to 
the delay in the U. S. Governments approval of the Department of Defense 
operating budget.  

        Symetrics has continued its strong performance on the IDM contract 
having shipped 823 systems placing the program over eight months ahead of the 
contract schedule. The Company is working with the Government to accelerate 
delivery of IDMs with expanded memory capability. This extra memory is 
required by the latest release of the operational software programs for the 
IDM which provides the Army and Air Force additional performance features. 
Although the Company did not receive any new business for IDMs during the 
quarter ended December 31, 1995, it is anticipated that new awards, 
including memory upgrades will be received in the fourth quarter of 
Symetrics fiscal year 1996, ending March 31, 1996. About half of Symetrics 
existing orders for IDMs, which now  total 1,450 units, are for U. S. allies 
to install aboard their F-16 Aircraft. Symetrics has also identified new 
potential IDM customers in England, Japan, South Korea, Taiwan and Turkey. 
On Symetrics' existing contract the U. S. Government can order additional 
IDMs through September 1997. Currently, on the U. S. Government's programs 
that are committed or planning to use the IDM, over 2,000 additional IDMs 
will be needed. However there is no assurance that the Company will be 
awarded any or all of these additional IDMs.
        
Revenues from Symetrics' diversification endeavors in commercial 
contract manufacturing  and computer telephony  software products increased 
to more than 15% of the total third quarter revenues, up from 10% in the 
second quarter and less than 3% of last fiscal year. Additional high-speed 
surface mount technology  (SMT)  electronics assembly equipment is now on-
line in the Contract Manufacturing Division and revenue growth is 
anticipated over the next several quarters. The Computer Telephony Systems 
products, using the Company's Icon-O-Voice technology, are positioned to 
make a growing contribution to the financial results. The Company believes 
it has developed a leading edge technology for several market applications 
and several successful, high visibility installations of its products have 
been made in the past six months. 


                                      - 7 -


<PAGE>



Part II         OTHER INFORMATION

Item 6.         Exhibits and Reports on Form 8-K

                (a)  Exhibit 27:  Financial Data Schedule
                
                (b)  No reports on Form 8K were filed for the quarter ended
                     December 31, 1995.

















                                  - 8 -


<PAGE>
                            SYMETRICS INDUSTRIES, INC.

                                  FORM 10-Q

                         QUARTER ENDED DECEMBER 31, 1995




                                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.
                                            --------------------------
                                                  (Registrant)

DATE     February 2, 1996


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






                                      - 9 -