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, 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 November 14, 1996
      ------------------------------         --------------------------------
      (Common stock, $.25 par value)                    1,616,491




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

                                     ASSETS
<TABLE>
<CAPTION>
                                                       SEPTEMBER 30    MARCH 31
                                                           1996          1996
                                                           ----          ----
                                                        (UNAUDITED) (DERIVED FROM AUDITED
                                                                    FINANCIAL STATEMENTS)
<S>                                                     <C>           <C>
Current assets:
         Cash                                           $   421,682   $ 1,657,905
         Receivables                                      2,271,574     1,581,428
         Costs and estimated earnings in excess
            of billings on uncompleted contracts          3,806,128     2,931,069
         Inventory                                        1,048,998       635,893
         Mortgage receivable                                450,000       450,000
         Other assets                                       157,009        65,898
                                                        -----------   -----------
               Total current assets                       8,155,391     7,322,193
                                                        -----------   -----------

Property, plant and equipment                             3,613,272     3,336,076
         Less accumulated depreciation                    1,750,594     1,572,585
                                                        -----------   -----------
                                                          1,862,678     1,763,491
                                                        -----------   -----------

Deferred income taxes                                       297,385       325,453
                                                        -----------   -----------
Other assets:
         Other                                            1,104,269        94,784
         Goodwill, less accumulated amortization            538,843       580,577
                                                        -----------   -----------
                                                          1,643,112       675,361
                                                        -----------   -----------

Total assets                                            $11,958,566   $10,086,498
                                                        ===========   ===========
         LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
            Notes payable                               $   250,000   $     1,000
            Current maturities of long-term debt             30,725        25,436
            Accounts payable and accrued expenses         2,094,303     2,098,788
            Billings in excess of costs and estimated
               earnings on uncompleted contracts            361,412         7,869
            Income taxes payable                            237,792       452,239
                                                        -----------   -----------
                 Total current liabilities                2,974,232     2,585,332
                                                        -----------   -----------

Deferred compensation                                       505,355       479,439
Long-term debt, less current maturities                   1,219,016       568,363
                                                        -----------   -----------
                                                          1,724,371     1,047,802
                                                        -----------   -----------
Shareholders' equity
           Common stock, $.25 par value                     403,012       398,824
           Additional paid-in capital                     2,154,275     2,120,025
           Retained earnings                              4,702,676     3,934,515
                                                        -----------   -----------
                Total shareholders' equity                7,259,963     6,453,364
                                                        -----------   -----------

Total liabilities and shareholders' equity              $11,958,566   $10,086,498
                                                        ===========   ===========
</TABLE>
    See accompanying notes to the condensed consolidated financial statements
                                       -2-

<PAGE>
                           SYMETRICS INDUSTRIES, INC.

                          CONDENSED STATEMENT OF INCOME

                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                      SIX MONTHS ENDED               THREE MONTHS ENDED
                                   SEPT. 30       SEPT. 30        SEPT. 30         SEPT. 30
                                   --------       --------        ---------        --------
                                     1996           1995             1996           1995
<S>                             <C>             <C>             <C>             <C>
Contract revenue                $ 12,733,986    $ 12,197,420    $  5,854,581    $  5,123,350

Costs and expenses
   Costs of revenues earned        9,648,231       9,139,762       4,355,962       3,833,570
   General and administrative      1,689,111       1,588,322         870,111         911,053
   Research and development          145,379         380,460          61,459          39,836
                                ------------    ------------    ------------    ------------
                                  11,482,721      11,108,544       5,287,532       4,784,459
                                ------------    ------------    ------------    ------------

Income from operations             1,251,265       1,088,876         567,049         338,891

Other income (expense)
   Rental and other income            19,236          18,537           9,618           9,312
   Related expense                    (8,628)        (56,292)         (4,311)         (3,972)
                                ------------    ------------    ------------    ------------
                                      10,608         (37,755)          5,307           5,340
                                ------------    ------------    ------------    ------------

    Interest income                   50,190          60,668           6,707          25,686
    Interest expense                 (42,838)        (29,101)        (26,881)        (18,875)
                                ------------    ------------    ------------    ------------
                                       7,352          31,567         (20,174)          6,811
                                ------------    ------------    ------------    ------------

Income before taxes                1,269,225       1,082,688         552,182         351,042
Income (taxes)                      (501,064)       (500,482)       (225,041)       (237,740)
                                ------------    ------------    ------------    ------------

Net income                      $    768,161    $    582,206    $    327,141    $    113,302
                                ============    ============    ============    ============

Earnings per share              $        .48    $        .37    $       0.20    $       0.07
                                ============    ============    ============    ============

Weighted average number
   of shares outstanding           1,606,289       1,585,620       1,611,101       1,587,251

</TABLE>



          See accompanying notes to the condensed financial statements.








                                       -3-





<PAGE>




                    SYMETRICS INDUSTRIES, INC. AND SUBSIDARY

                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

                                   (UNAUDITED)


                                                          SIX MONTHS ENDED
                                                          ----------------
                                                     SEPTEMBER 30   SEPTEMBER 30
                                                     ------------   ------------
                                                         1996            1995
                                                         ----            ----
Cash provided by (used in)

  Operations
    Net income                                      $   768,161     $   582,206
    Adjustments for non cash charge                     245,659         201,087
    Changes in assets and liabilities                (2,661,935)        930,590
                                                    -----------     -----------
    Net cash provided by (used in)                   (1,648,115)      1,713,883
operations

  Investing
    Capital expenditures                               (277,196)       (386,081)
                                                    -----------     -----------
    Cash used for investing                            (277,196)       (386,081)
                                                    -----------     -----------

  Financing
    Proceeds from stock options                          38,435          16,623
    Borrowing (repayment) of long-term debt             650,653        (334,446)
                                                    -----------     -----------
    Cash provided by (used) for financing               689,088        (317,823)
                                                    -----------     -----------

 Increase (decrease) in cash                         (1,236,223)      1,009,975

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

Cash end of period                                  $   421,682     $ 1,328,117
                                                    ===========     ===========

Cash payments for interest                          $    44,038     $    20,115

Cash payments for income taxes                      $   727,846     $   951,398



    See accompanying notes to the condensed consolidated financial statements











                                      - 4 -

<PAGE>

                   SYMETRICS INDUSTRIES, INC. AND SUBSIDARY
                                  FORM 10-Q
                       QUARTER ENDED SEPTEMBER 30, 1996
             Notes to Condensed Consolidated Financial Statements
                                 (Unaudited)
    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, 1996 and 1995.  The results of  operations  for the period  ended
September 30, 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.

    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  September  30, 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 September 30, 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  September 30, 1995 and September 30, 1996 includes
the shares issued by Symetrics in the ADS acquisition.

                                    - 5 -



<PAGE>


                   SYMETRICS INDUSTRIES, INC. AND SUBSIDARY
                                  FORM 10-Q
                       QUARTER ENDED SEPTEMBER 30, 1996

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

      For the six months  ended  September  30,  1996,  contract  revenues  were
$12,733,986,  a 4.4% increase over the $12,197,420 for the corresponding  period
last year. For the current six month period,  net income was $768,161,  or $0.48
per share,  a 32%  increase  over the  $582,206 or $0.37 per share,  a year ago.
Working capital increased by $444,298 for the six months.  The backlog closed at
$10.4 million, slightly lower than the $12.1 million at September 30, 1995 .

      The  increase  in  contract   revenues  for  the  current  six  months  is
attributable to growth in the Company's  commercial  products that generated 26%
of the total  revenue.  The increase in net income for the current six months is
attributed to continued  productivity and 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 Computer Telephony
Software  products  and the  Government's  military  procurements.  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.   Increased  interest  expense  resulted  from  the  continued   financing
requirements of American Digital  Switching for the  developmental  phase of the
Centura TM 2000 telephone switch.

        Referring  to  the  Balance  Sheet,  the  Company's  combined  cash  and
receivables are  significantly  lower due to increased  research and development
expenses 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 September 30, 1996 were unbillable
due to  timing  of  customer  invoicing  The  increase  in  property,  plant and
equipment reflects primarily capital purchases for manufacturing  equipment. The
increase in  long-term  debt and the current  maturities  portion  reflects  the
American Digital Switching continued financing  requirements for the development
of their Centura TM 2000 telephone switch. The capitalized  development expenses
in fiscal  yeat 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.  Prior to fiscal year
1997 these  development  costs were  expensed  as incurred by ADS. A increase in
notes  payable to $250,000  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.


                                     -6-



<PAGE>

The estimated corporate income tax for the three months ended September 30, 1996
of $225,041 has been  accrued and is reflected on the balance  sheet as $237,792
income tax payable.

      For the three months ended  September  30, 1996,  contract  revenues  were
$5,854,581, a 14% increase over the $5,123,350 for the corresponding period last
fiscal  year.  The net income for the  current  period of  $327,141 or $0.20 per
share,  was 188% higher than the $113,302 or $0.07 per share for the comparative
three month period last year.  These  improvements  are  attributed to continued
productivity and resulting  increased  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  September  30, 1996 to the
immediately  preceding quarter,  shows contract revenues were about 15% lower at
$5,854,581 for the current quarter versus  $6,879,405 for the three months ended
June 30, 1996.  This  decrease is due to a lower value of material  purchases by
the Company's Defense Products Division and the Contract  Manufacturing Division
from suppliers during the current quarter.  However, the $5,854,581 revenues for
the current quarter is more in line with the average business volume the Company
anticipates for fiscal year 1997. Due in part to the lower business volume,  the
net income of $ 327,141 was lower than the $441,020 of the immediately preceding
quarter.  Backlog at the end of the current  quarter was $10.4 million  compared
with $ 13.4 million at June 30, 1996.








Part II           OTHER INFORMATION



Item 6.       Reports on Form 8-K

      A report on Form  8-K/A was filed on July 5, 1996 in  connection  with the
American Digital Switching acquisition.




                                    - 7 -



<PAGE>






                   SYMETRICS INDUSTRIES, INC. AND SUBSIARY

                                  FORM 10-Q

                       QUARTER ENDED SEPTEMBER 30, 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     November 14, 1996


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










                                    - 8 -