<PAGE>   1
================================================================================


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-Q


(Mark One)

[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
    Exchange Act of 1934 (No Fee Required)
    For the quarter ended February 4, 2001.

        OR

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities
    Exchange Act of 1934 (No Fee Required)
    For the transition period from ________________ to ________________


Commission File No. 0-29396


                    AUTOLOGIC INFORMATION INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)


             Delaware                                             13-3855697
---------------------------------                           --------------------
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                              Identification No.)


1050 Rancho Conejo Boulevard, Thousand Oaks, CA                     91320
------------------------------------------------                 ------------
    (Address of principal executive offices)                      (Zip Code)


Registrant's telephone number, including area code:             (805) 498-9611


                                 Not Applicable
--------------------------------------------------------------------------------
              (Former Name, Former Address and Former Fiscal Year,
                          if Changed Since Last Report)


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 reports) and (2) has been subject to such filing
requirements for the past 90 days.  Yes  X    No
                                        ---      ---

The number of shares of the Registrant's common stock outstanding as of March
13, 2001 was 5,787,970.


<PAGE>   2

                         PART I - FINANCIAL INFORMATION

ITEM 1--FINANCIAL STATEMENTS


           AUTOLOGIC INFORMATION INTERNATIONAL, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS


<TABLE>
<CAPTION>
                                                          February 4,     November 3,
                                                              2001          2000(a)
                                                          -----------     -----------
                                                          (Unaudited)
                                                             (Dollars in thousands)
<S>                                                       <C>             <C>
ASSETS

CURRENT ASSETS
  Cash and cash equivalents                                $  14,055       $  11,901

  Accounts receivable less allowance for doubtful
    accounts of $1,165 (2001) and $1,196 (2000)               11,198          14,497
  Inventories                                                 10,934          11,144
  Deferred income tax benefit                                  4,235           4,260
  Receivable from Volt                                            --              45
  Prepaid expenses and other assets                            2,106           1,214
                                                           ---------       ---------
        Total current assets                                  42,528          43,061

PROPERTY AND EQUIPMENT, at cost, net of
  accumulated depreciation and amortization
  of $8,427 (2001) and $8,008 (2000)                           4,495           4,550

DEFERRED INCOME TAX BENEFIT                                    3,396           3,396

EXCESS OF PURCHASE PRICE OVER NET ASSETS
  ACQUIRED, net of amortization of $2,615 (2000)                  --             138

OTHER ASSETS                                                     229              51
                                                           ---------       ---------

                                                           $  50,648       $  51,196
                                                           =========       =========

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts payable                                         $   2,825       $   3,715
  Payable to Volt                                                113              --
  Accrued payroll and related liabilities                      3,194           3,187
  Accrued expenses                                             1,954           2,286
  Customer advances                                            4,690           4,285
  Income taxes payable                                           125             264
                                                           ---------       ---------
        Total current liabilities                             12,901          13,737

STOCKHOLDERS' EQUITY
  Preferred stock, par value $0.01
    Authorized - 1,000,000 shares; issued - none                  --              --
  Common stock, par value $0.01
    Authorized - 12,000,000 shares; issued and
      outstanding 5,787,970 shares in 2001 and 2000               58              58
  Paid-in capital                                            112,620         112,620
  Accumulated deficit                                        (74,931)        (75,219)
                                                           ---------       ---------
                                                              37,459          37,747
                                                           ---------       ---------
                                                           $  50,648       $  51,196
                                                           =========       =========
</TABLE>

(a)  The balance sheet at November 3, 2000 has been derived from the audited
     financial statements at that date.


See accompanying notes to Condensed Consolidated Financial Statements.




                                       2
<PAGE>   3

           AUTOLOGIC INFORMATION INTERNATIONAL, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                         For the Three Months Ended
                                                         --------------------------
                                                          February 4,  January 28,
                                                              2001        2000
                                                          -----------  -----------
                                                  (In thousands, except per share amounts)
<S>                                                       <C>          <C>
REVENUES
  Systems and equipment                                     $11,475      $ 11,535
  Customer service and support                                5,302         6,113
                                                            -------      --------
                                                             16,777        17,648
                                                            -------      --------
OPERATING COSTS AND EXPENSES
  Cost of systems and equipment                               6,669         6,606
  Cost of customer service and support                        3,794         4,120
                                                            -------      --------
    Gross margin                                              6,314         6,922

  Operating expenses                                          5,945         6,774
  Charges from Volt-See Notes E and F
    Rent                                                        194           194
    General and administrative                                    9             9
                                                            -------      --------

OPERATING PROFIT (LOSS)                                         166           (55)
                                                            -------      --------

OTHER INCOME (EXPENSE)
  Interest income                                               177           147
  Foreign exchange gain (loss), net                             157           (70)
  Other, net                                                      4            10
                                                            -------      --------
                                                                338            87
                                                            -------      --------

INCOME FROM OPERATIONS
  BEFORE INCOME TAXES                                           504            32

INCOME TAX PROVISION-See Note D                                 216            14
                                                            -------      --------

NET INCOME                                                  $   288      $     18
                                                            =======      ========

BASIC AND DILUTED EARNINGS
    PER SHARE -See Note G                                   $  0.05      $   0.00
                                                            =======      ========

Average number of shares outstanding-Basic and Diluted        5,788         5,788
                                                            =======      ========
</TABLE>


See accompanying notes to Condensed Consolidated Financial Statements.




                                       3
<PAGE>   4

           AUTOLOGIC INFORMATION INTERNATIONAL, INC. AND SUBSIDIARIES
            CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                                   (Unaudited)


<TABLE>
<CAPTION>
                                          Common Stock
                                        $0.01 Par Value
                                     ---------------------     Paid-In      Accumulated
                                       Shares       Amount     Capital        Deficit
                                     ---------      ------     --------     -----------
                                                     (Dollars in thousands)
<S>                                  <C>            <C>        <C>           <C>
Balance at November 3, 2000          5,787,970      $  58      $112,620      $(75,219)

Net income for the three months             --         --            --           288
                                     ---------      -----      --------      --------

Balance at February 4, 2001          5,787,970      $  58      $112,620      $(74,931)
                                     =========      =====      ========      ========
</TABLE>




See accompanying notes to Condensed Consolidated Financial Statements.




                                       4
<PAGE>   5

           AUTOLOGIC INFORMATION INTERNATIONAL, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                     For the Three Months Ended
                                                                     --------------------------
                                                                     February 4,    January 28,
                                                                        2001            2000
                                                                     -----------    -----------
                                                                       (Dollars in thousands)
<S>                                                                  <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income                                                          $    288       $     18
  Adjustments to reconcile net income to net
    cash provided by  (applied to) operating activities:
      Depreciation                                                         532            578
      Amortization                                                         138            138
      Provision for doubtful accounts                                      120             35
      Losses (gains) on foreign currency translation                       243           (185)
      (Gains) losses on dispositions of property and equipment             (64)           138
      Deferred income taxes                                                 25           (168)
      Changes in operating assets and liabilities:
        Decrease (increase) in accounts receivable                       3,508         (2,015)
        Decrease (increase) in inventories                                 210           (423)
        (Increase) decrease in prepaid expenses and other assets        (1,067)            78
        Decrease in accounts payable                                    (1,111)          (998)
        Decrease in accrued expenses                                      (474)          (227)
        Increase in customer advances                                      244          2,625
        Decrease  in income taxes payable                                 (139)           (51)
        Increase in payable to Volt                                        158             68
                                                                      --------       --------

NET CASH PROVIDED BY (APPLIED TO) OPERATING ACTIVITIES                   2,611           (389)
                                                                      --------       --------

CASH FLOWS APPLIED TO INVESTING ACTIVITIES
    Purchases of property and equipment                                   (413)          (391)
                                                                      --------       --------

Effect of exchange rate changes on cash                                    (44)           225
                                                                      --------       --------

NET INCREASE (DECREASE) IN CASH  AND CASH EQUIVALENTS                    2,154           (555)

Cash and cash equivalents, beginning of period                          11,901         13,421
                                                                      --------       --------

CASH AND CASH EQUIVALENTS, END OF PERIOD                              $ 14,055       $ 12,866
                                                                      ========       ========

SUPPLEMENTAL CASH TRANSACTIONS

  Cash paid during the period:
     Interest expense                                                 $      2       $      1
     Income tax                                                       $    339       $    231
</TABLE>


See accompanying notes to Condensed Consolidated Financial Statements.




                                       5
<PAGE>   6

           AUTOLOGIC INFORMATION INTERNATIONAL, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


NOTE A--BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with the instructions for Form 10-Q and Article 10 of
Regulation S-X and, therefore, do not include all information and footnotes
required by generally accepted accounting principles for complete financial
statements. However, in the opinion of management, the accompanying unaudited
condensed consolidated financial statements contain all adjustments (consisting
of normal recurring accruals) considered necessary for a fair presentation of
the Company's financial position at February 4, 2001 and results of operations
and cash flows for the three months ended February 4, 2001 and January 28, 2000.
Operating results for interim periods are not necessarily indicative of the
results that may be expected for a full fiscal year.

These statements should be read in conjunction with the financial statements and
footnotes included in the Company's Annual Report on Form 10-K for the year
ended November 3, 2000. The accounting policies used in preparing these
financial statements are the same as those described in that Report. In 2001,
the Company's fiscal year will end on Sunday, November 4, 2001 and thereafter on
the Sunday nearest October 31.


NOTE B--FORMATION OF THE COMPANY AND MERGER

The Company was incorporated in Delaware on September 5, 1995 as a wholly owned
subsidiary of Volt Information Sciences, Inc. ("Volt"). On January 29, 1996,
pursuant to the terms of an Agreement and Plan of Merger (the "Merger
Agreement") dated October 5, 1995, as subsequently amended, among the Company,
Volt, Autologic, Incorporated (a subsidiary of Volt, "Autologic") and
Information International, Inc. ("Triple-I"), each of Autologic and Triple-I
were merged into the Company and Volt contributed to the Company the capital of
certain foreign subsidiaries of Volt (collectively, the "Merger").

Pursuant to the Merger Agreement, Volt, through its wholly-owned subsidiary Nuco
I, Ltd., received 3,337,000 shares of the Company's common stock and the
stockholders of Triple-I received 2,429,870 shares of the Company's common
stock, based on one share of the Company being issued for each outstanding share
of Triple-I (including 58,500 shares issued to Volt for Triple-I common stock
owned by Volt prior to the Merger).

On June 25, 1995, the date the general terms of the Merger were agreed to and
announced, Triple-I had outstanding options to purchase approximately 594,000
shares of its common stock. In accordance with Triple-I's stock option plans,
each outstanding Triple-I option automatically became fully vested and
immediately exerciseable upon consummation of the Merger. As part of the Merger
Agreement, the parties agreed to a formula to limit the dilution of Volt's
percentage ownership in the Company as a result of the exercise of those
Triple-I options. Under that formula, Volt is to receive 100 shares of the
Company's common stock for every 590 shares of the Company common stock issued
with respect to Triple-I options exercised subsequent to June 25, 1995, up to a
maximum of 100,000 shares. Between June 25, 1995 and November 3, 2000, 51,250
shares have been issued upon the exercise of Triple-I options, and Volt has
received 8,600 shares of the Company's common stock with respect to such
exercises. Accordingly, Volt owned beneficially 3,400,186 shares (59%) of the
Company's common stock as of November 3, 2000. Of such options, options to
purchase 144,900 shares of the Company's common stock remained outstanding on
November 3, 2000 at an exercise price of $4.25 per share and expiring from
November 4, 2008 to December 9, 2008.

As the Company, Autologic and the Volt Subsidiaries were under common control,
the merger of Autologic and the transfer of the stock of the Volt Subsidiaries
to the Company has been accounted for on a pooling of interest basis.
Accordingly, the assets and liabilities of such entities and their stockholders'
equity accounts have been accounted for at their historical carrying amounts.
The merger of Triple-I has been accounted for under the purchase method of
accounting and, accordingly, the purchase price, which was based on the quoted
market price of the Triple-I common stock at the time the general terms of the
acquisition were agreed to and announced, plus the value of stock options issued
in exchange for outstanding stock options of Triple-I, has been allocated to net
assets based upon their estimated fair values. A $2,753,000 excess of the
purchase price over the estimated fair value of Triple-I's identifiable assets,
including the estimated future tax benefits of Triple-I's net operating loss
carryforwards and deductible temporary differences, was recorded on the
effective date of the Merger and was being amortized over a five-year period.
Amortization, at the monthly rate of $46,000 was concluded February 4, 2001 at
the end of the first quarter of fiscal 2001.




                                       6
<PAGE>   7

           AUTOLOGIC INFORMATION INTERNATIONAL, INC. AND SUBSIDIARIES
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-Continued
                                   (Unaudited)


NOTE C--INVENTORIES

Inventories consist of:

<TABLE>
<CAPTION>
                                                    February 4,   November 3,
                                                        2001         2000
                                                    -----------   -----------
                                                      (Dollars in thousands)
<S>                                                  <C>           <C>
  Service parts                                      $    668      $    928
  Materials                                             7,103         7,583
  Work-in-process                                       1,834         1,548
  Finished goods                                        1,329         1,085
                                                     ---------     --------
                                                     $ 10,934      $ 11,144
                                                     =========     ========
</TABLE>


NOTE D--INCOME TAXES

Income taxes are provided using the liability method. Significant components of
the income tax provision attributable to operations are as follows:


<TABLE>
<CAPTION>
                                                  For the Three Months Ended
                                                  --------------------------
                                                   February 4,   January 28,
                                                      2001          2000
                                                   -----------   -----------
                                                     (Dollars in thousands)
<S>                                                 <C>           <C>
Current Taxes:
  Federal                                           $       9     $     236
  State and local                                          20            36
  Foreign                                                 162           (90)
                                                    ---------     ---------
    Total current                                         191           182
                                                    ---------     ---------

Deferred Taxes:
  Federal                                                  23          (150)
  State and local                                           2           (18)
  Foreign                                                  --            --
                                                    ---------     ---------
    Total deferred                                         25          (168)
                                                    ---------     ---------

Total income tax provision                          $     216     $      14
                                                    =========     =========
</TABLE>

Deferred income taxes reflect the net tax effects of changes in the temporary
differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the amounts used for income tax purposes.

As described in Note B, as of the date of the mergers, a deferred tax asset was
established representing the estimated future tax benefit anticipated to be
realized from the use of Triple-I's net operating loss carryforward and
deductible temporary differences and the Company's deductible temporary
differences existing at the date of mergers to reduce anticipated taxable income
of the Company to be realized subsequent to the mergers. The Company believes
that it is more likely than not that such tax benefits will be realized based on
the combined companies' past and anticipated future results of operations and
after considering provisions of the tax law, such as the change in ownership
provisions, that restrict the future use of Triple-I's tax benefits.




                                       7
<PAGE>   8

           AUTOLOGIC INFORMATION INTERNATIONAL, INC. AND SUBSIDIARIES
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-Continued
                                   (Unaudited)


NOTE E--CHARGES FROM VOLT

Volt incurs certain costs on behalf of the Company for which the Company
reimburses Volt and, accordingly, such costs are reflected in the Company's
results of operations. In addition, during the three months ended February 4,
2001 and January 28, 2000, the Company incurred $9,000 in legal fees payable to
Volt under a $3,000 per month retainer arrangement that provides the Company
access to Volt's in-house legal staff. At February 4, 2001, the Company had a
$113,000 payable to Volt as a result of costs paid by Volt on behalf of the
Company including amounts owed under the retainer arrangement.


NOTE F--RELATED PARTY TRANSACTIONS

A three-year lease, commencing on the effective date of the mergers, was entered
into between the Company, as lessee, and a wholly-owned subsidiary of Volt, as
lessor, for space previously occupied by Autologic as its headquarters and
manufacturing facility in Thousand Oaks, California. Pursuant to the terms of
the lease, as amended in December 1996, the Company's Board of Directors
established a new rental rate based on prevailing rates in the general area,
which resulted in a slight decrease in rent. The lease also provides for the
Company to pay all real estate taxes, insurance, utilities and repairs related
to the facility. The Company and the landlord have continued to operate under
the terms of the lease since its expiration in January 28, 1999, although there
have been discussions to modify the lease. During the three months ended
February 4, 2001 and January 28, 2000, the Company paid rent to Volt of
$194,000.


NOTE G--PER SHARE DATA

The Company calculates per share data in accordance with Statement of Financial
Accounting Standards No. 128, "Earnings per Share" (SFAS No. 128). Under SFAS
No. 128, earnings per share data is calculated for basic and diluted earnings
per share. Basic earnings per share excludes dilutive securities including stock
options, and is calculated using the weighted average common shares outstanding
for the period. Diluted earnings per share reflects the dilution to earnings
that would occur if stock options and other dilutive securities resulted in the
issuance of common stock. Substantially all common stock equivalent shares from
stock options (and 250,400 and 330,500 in 2001 and 2000, respectively) have been
excluded from the computation of diluted earnings per share because the effect
would be antidilutive, since the option prices were greater than the average
market prices of the Company's common stock during the quarters.


NOTE H--REVENUE RECOGNITION

Revenues are recognized when products are shipped and services are rendered,
less estimated returns and warranty costs for which provisions are made at the
time of sale. The Company also generates revenues from support and maintenance
contracts, which generally provide for the Company to provide technical support
and maintenance to its customers on its products. Support and maintenance
revenues are recognized ratably over the contract periods.

In December 1999, the Securities and Exchange Commission issued Staff Accounting
Bulletin 101, "Revenue Recognition in Financial Statements" ("SAB 101"). SAB 101
provides guidance on the recognition, presentation and disclosure of revenues in
financial statements and requires adoption no later than the fourth quarter of
fiscal 2001. The Company has evaluated the impact of SAB 101 and its resulting
interpretations and has determined that SAB 101 will not have a material effect
on the Company's consolidated financial position or results of operation.


NOTE I--CONTINGENCIES

The Company is currently involved in various claims and legal actions arising in
the ordinary course of business. In the opinion of management, the ultimate
resolution of such claims and actions will not have a materially adverse effect
on the Company's financial position or results of operations.




                                       8
<PAGE>   9

           AUTOLOGIC INFORMATION INTERNATIONAL, INC. AND SUBSIDIARIES
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-Continued
                                   (Unaudited)


NOTE J - DERIVATIVE FINANCIAL INSTRUMENT


In June 1998, the FASB issued Statement 133, "Accounting for Derivative
Instruments and Hedging Activities" (SFAS No. 133). The provisions of SFAS No.
133 require companies to record all derivative instruments as assets or
liabilities, measured at fair value. In June 1999, the FASB issued Statement
137, which deferred the effective date of SFAS No. 133. As of November 4, 2000,
the Company adopted SFAS No. 133. The adoption of SFAS No. 133 had no impact on
the financial statements of the Company.


NOTE K - ASSET ACQUISITION

On December 20, 2000, Xitron Inc., a wholly owned subsidiary of Autologic
Information International, Inc., acquired the assets of Graphic Integration
Technology (GIT) located in New Hampshire, USA and Graphic Integration Limited
(GIL) located in Swindon, UK. The tangible assets acquired include inventory and
certain fixed assets. Unaudited, pro forma, combined financial information has
not been prepared, as the acquisition does not have a material effect on the
financial statements as presented.




                                       9
<PAGE>   10

ITEM 2--MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
        AND RESULTS OF OPERATIONS

General

In order to keep investors informed of the Company's future plans and
objectives, this report (and other reports and statements issued by the Company
and its officers from time to time) contains certain statements concerning the
Company's future results, future performance, intentions, objectives, plans and
expectations that are or may be deemed to be "forward-looking statements". When
used in this report, words such as "may", "should", "seek", "believe", "expect",
"anticipate", "estimate", "project", "intend", "strategy" and similar
expressions are intended to identify forward-looking statements regarding
events, conditions and financial trends that may affect the Company's future
plans, operations, business strategies, operating results and financial
position. Although the Company believes that its expectations are based on
reasonable assumptions, these forward-looking statements are subject to a number
of known and unknown risks and uncertainties that could cause the Company's
actual results, performance, and achievements to differ materially from those
described or implied in the forward-looking statements. Factors that could cause
or contribute to such differences include, but are not limited to:

-   general economic and business conditions in the United States (including the
    avoidance of a recession) and in the overseas markets where the Company
    distributes products, including the impact of the major economic problems
    which continue in Asia and Latin America

-   the relative strength of the U.S. dollar against currencies of the countries
    in which the Company's customers and competitors are located

-   the Company's ability to successfully expand its market base beyond its
    traditional newspaper market

-   potential changes in customer spending and purchasing policies and practices

-   the continuing availability of components, sub-assemblies, parts and end
    items, and dependence on third parties for some components

-   risks inherent in new product introductions, such as start-up delays,
    uncertainty of customer acceptance

-   the Company's ability to maintain superior technological capability

-   the Company's ability to foresee changes and to identify, develop and
    commercialize innovative and competitive products and systems in a timely
    and cost effective manner and achieve customer acceptance in markets
    characterized by rapidly changing technology and frequent new product
    introductions

-   the Company's ability to meet competition in its highly competitive markets
    with minimal impact on prices and margins

-   the Company's ability to accurately forecast sales and maintain adequate
    inventory levels to meet customer needs while avoiding the need for
    additional working capital to carry excess inventories and avoiding
    incurring write-offs or write-downs of inventories due to obsolescence

-   the Company's ability to attract and retain certain classifications of
    technologically qualified personnel, particularly in the areas of research
    and development and customer service

-   the Company's ability to generate cash flows and obtain financing to support
    its operations and growth

-   the impact of the introduction of the Euro currency

These and certain other factors are discussed from time to time in this report
and other Company reports hereafter filed with the Securities and Exchange
Commission. The Company does not assume an obligation to update the factors
discussed in this report.


Results of Operations

Three months ended February 4, 2001 compared to three months ended January 28,
2000

In the three month period ended February 4, 2001, revenues decreased by
$871,000, or 4.9%, primarily due to a decrease of $811,000, or 13.3% in customer
service sales and $60,000 or 0.5% decrease in system and equipment revenue. The
decrease in customer service sales was due to a decline domestically and in
Europe as a result of lower spare sales, billable services and a decline in
service contracts on legacy systems. Although sales of the Company's
Computer-to-Plate imagesetter increased, equipment sales deceased slightly
domestically due to the general economic slowdown.

Gross margins decreased by 1.6 percentage points (from 39.2% to 37.6%), due to
lower margins on systems and equipment which decreased by 0.8 percentage points
(from 42.7% to 41.9%) and lower service and support margins which decreased by
4.2 percentage points (from 32.6% to 28.4%) as compared to last year. The
decrease in systems and equipment margins is primarily due to discounting




                                       10
<PAGE>   11

ITEM 2--MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
        AND RESULTS OF OPERATIONS-Continued

in response to competition and slightly higher manufacturing costs. The decrease
in service and support margins were due to decreased sales.

Operating expenses decreased by $829,000 from $6,774,000 in the first three
months of fiscal 2000 to $5,945,000 in the first three months of fiscal 2001 due
primarily to cost cutting measures implemented by the Company in fiscal 2000
after the first quarter. Operating expenses as a percentage of sales decreased
by 3.0 percentage points (from 38.4% to 35.4%) primarily as a result of the cost
reductions previously mentioned.

The $30,000 increase in interest income was due to a higher average (over the
three-month period) cash balance in the fiscal 2001 period than in the
comparable period in the prior year.

A foreign exchange gain of $157,000 was realized in the three-month period ended
February 4, 2001 compared to a $70,000 loss in the same period in 2000. The gain
in this period was due to favorable currency movements in the European currency
markets. To reduce the potential impact from foreign currency changes on the
Company's foreign currency receivables and firm commitments, foreign currency
options are purchased.

The Company's effective tax rate was 42.9% for the three months ended February
4, 2001 compared to 43.8% for the comparable prior year period.


Liquidity and Capital Resources

As of February 4, 2001, the Company had cash and cash equivalents of $14,055,000
and working capital of $29,627,000. During the three months ended February 4,
2001, the Company's operating activities provided cash of $2,611,000. Cash of
$1,282,000 was generated from the Company's net income of $288,000 being
augmented by non-cash charges, primarily for depreciation of $532,000,
amortization of $138,000, provision for doubtful accounts of $120,000 and
foreign currency transaction losses of $243,000. Changes in operating assets and
liabilities provided the remaining $1,329,000 of cash provided by operating
activities, primarily as a result of a $3,508,000 decrease in accounts
receivable, partially offset by an increase in prepaid expenses and other assets
of $1,067,000 and a decrease in accounts payable and accrued expenses of
$1,585,000.

Investing activities used cash of $413,000 for the purchase of property and
equipment. There are no major capital expenditures forecast during the balance
of the fiscal year.

The Company believes that its cash on hand will be sufficient to meet the
Company's liquidity and capital needs in the normal course of business.



ITEM 3--QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is exposed to market risk related to changes in interest rates,
foreign currency exchange rates and derivative financial instruments. To reduce
the potential impact from foreign currency changes on the Company's foreign
currency receivables and firm commitments, foreign currency options are
purchased.

The Company maintains a portfolio of highly liquid cash equivalents maturing in
three months or less from the date of purchase. Given the short-term nature of
these investments, and that the Company has no borrowings outstanding, the
Company is not subject to significant principal risk. However, the Company's
yield return on future short-term investments could be affected at the time of
reinvestment as a result of intervening events. The Company presently has no
borrowings and, accordingly, does not purchase interest rate swaps or other
instruments to hedge against interest rate fluctuations.

A significant portion of the Company's operations consists of sales activities
in foreign locations, as the Company sells its products worldwide. The Company's
financial results, therefore, could be significantly impacted by factors such as
changes in foreign currency exchange rates or weak economic conditions in
foreign markets. Since all of the Company's sales are denominated in U.S.
dollars, the




                                       11
<PAGE>   12

ITEM 3--QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK-Continued

Company's foreign operations are net payers in currencies other than the U.S.
dollar. As such, the Company's operating results may be adversely affected by
the impacts of weaker foreign currencies relative to the U.S. dollar. To
mitigate the short-term effect of changes in currency exchange rates on its
foreign currency based expenses and receivables, the Company purchases foreign
currency option contracts to hedge the adverse impact of currency fluctuations
on its foreign currency receivables and firm commitments. Management believes
that due to its currency option positions that changes in currency rates would
not have a significant impact on the Company's results of operations.


Impact of the Euro

Several European countries have adopted as of January 1, 1999, and others are
expected to adopt, a Single European Currency (the "Euro") with a transition
period continuing through January 1, 2002. The Company believes, based on its
experience to date, that its internal systems are, and will continue to be, Euro
compatible without material modification cost. Further, the Company has not
experienced to date, and does not expect, the introduction of the Euro currency
to have a material adverse impact on the Company's financial position or results
of operations.



                           PART II - OTHER INFORMATION

ITEM 6--EXHIBITS AND REPORTS ON FORM 8-K

(a)     Exhibits:

        15   Independent Accountants' Report on Review of Interim Financial
             Information from Ernst & Young LLP


(b)     Reports on Form 8-K:

        No Reports on Form 8-K were filed during the quarter ended February 4,
        2001.




                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Company has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.



                                       AUTOLOGIC INFORMATION INTERNATIONAL, INC.



Dated:  Thousand Oaks, California
        March 13, 2001


                                       BY:  /s/Anthony F. Marrelli
                                           -------------------------------------
                                           Anthony F. Marrelli
                                           Vice President and Chief
                                           Financial Officer




                                       12
<PAGE>   13


                                  Exhibit Index


<TABLE>
<CAPTION>
Exhibit    Description
-------    -----------
<S>        <C>
  15       Independent Accountants' Report on Review of Interim Financial
           Information from Ernst & Young LLP
</TABLE>





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