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


                                   FORM 10-QSB

[X]      QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
         ACT OF 1934
                               For the quarterly period ended September 30, 2003
                                                              -----------------

[ ]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

           For the transition period from                   to
                                          -----------------    -----------------


                        Commission file number 010-10549
                                              -----------

                                 TVI CORPORATION
--------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


Maryland                                       52-1085536
-------------------------------                ---------------------------------
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)


7100 Holladay Tyler Road, Glenn Dale, MD  20769
--------------------------------------------------------------------------------
(Address of principal executive offices)

(301) 352-8800(Issuer's telephone number)
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)



                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section l2, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court. Yes [ ] No [ ]



                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 27,446,669 as of October 28, 2003.
                                           ----------------------------------

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X ]

<PAGE>

                                 Index-Form 10-Q

PART I-FINANCIAL INFORMATION

Item 1. Financial Statements and Notes

Statements of Income Quarter

Statements of Income Year to Date

Balance Sheets

Cash Flow

Notes to Financial Statements

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

Item 4. Controls and Procedures

PART II-OTHER  INFORMATION

Item 6. Exhibits and Reports on FORM 8-K.

Signatures














                         PART I -- FINANCIAL INFORMATION

Item 1. Financial Statements.  Please see the following financial statements.

<PAGE>
<TABLE>
<CAPTION>

TVI CORPORATION
STATEMENTS OF INCOME
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002.
(in thousands,except per share data)
(unaudited)

                                                       2003                 2002
                                                -----------------    -----------------
                                                          % Sales              % Sales
<S>                                             <C>        <C>       <C>       <C>
NET SALES                                       $ 7,207       100    3,062     $   100

COST OF SALES                                     3,256        45      1,511        49
                                                -------   -------    -------   -------

GROSS PROFIT                                      3,951        55      1,551        51

SELLING, GENERAL AND ADMINISTRATIVE  EXPENSES     1,675        23        761        25
                                                -------   -------    -------   -------

OPERATING INCOME                                  2,276        32        790        26

OTHER INCOME (EXPENSE)                                6                   (3)
                                                -------   -------    -------   -------

INCOME BEFORE INCOME TAXES                        2,282        32        787        26

PROVISION FOR INCOME TAX EXPENSE                    877        12          0         0
                                                -------   -------    -------   -------

NET INCOME                                      $ 1,405        19    $   787        26
                                                =======   =======    =======   =======

BASIC EARNINGS PER COMMON SHARE                 $ 0.051              $ 0.030
                                                =======              =======
BASIC WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING                        27,284                26,624
                                                =======               =======
DILUTED EARNINGS PER COMMON SHARE               $ 0.048               $ 0.027
                                                =======               =======
DILUTED WEIGHTED AVERAGE NUMBER OF
COMMON SHARES AND EQUIVALENTS OUTSTANDING        29,484                28,991
                                                =======               =======


The accompanying notes to the Financial Statements are an integral part of these
Financial Statements.

<PAGE>

TVI CORPORATION
STATEMENTS OF INCOME
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002.
(in thousands, except for per share data)
(unaudited)

                                                       2003                 2002
                                                -----------------    -----------------
                                                          % Sales              % Sales

NET SALES                                       $19,645       100    $ 6,462       100

COST OF SALES                                     9,023        46      3,381        52
                                                -------   -------    -------   -------

GROSS PROFIT                                     10,622        54      3,081        48

SELLING, GENERAL AND ADMINISTRATIVE  EXPENSES     4,505        23      1,774        27
                                                -------   -------    -------   -------

OPERATING INCOME                                  6,117        31      1,307        20

OTHER INCOME (EXPENSE)                               16                   (5)
                                                -------   -------    -------   -------

INCOME BEFORE INCOME TAXES                        6,133        31      1,302        20

PROVISION FOR INCOME TAX EXPENSE                  2,364        12          0         0
                                                -------   -------    -------   -------

NET INCOME                                      $ 3,769        19    $ 1,302        20
                                                =======   =======    =======   =======

BASIC EARNINGS PER COMMON SHARE                 $ 0.139              $ 0.050
                                                =======              =======
BASIC WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING                        27,198               26,110
                                                =======              =======
DILUTED EARNINGS PER COMMON SHARE               $ 0.128              $ 0.046
                                                =======              =======
DILUTED WEIGHTED AVERAGE NUMBER OF
COMMON SHARES AND EQUIVALENTS OUTSTANDING        29,473               28,301
                                                =======              =======
</TABLE>

The accompanying notes to the Financial Statements are an integral part of these
Financial Statements.

<PAGE>
<TABLE>
<CAPTION>

TVI CORPORATION
BALANCE SHEETS
September 30, 2003 and 2002
and December 31, 2002
(in thousands)


                                              September 30,     December 31,    September 30,
                                                   2003             2002             2002
                                              -------------    -------------    -------------
                                               (Unaudited)                       (Unaudited)
<S>                                           <C>              <C>              <C>
CURRENT ASSETS
    Cash and cash equivalents                 $       4,373    $       1,615    $         960
    Accounts receivable                               5,772            2,964            1,830
    Inventories                                       1,790              887              893
    Deferred tax assets                                   0            1,358                0
    Prepaid expenses & other current assets             262              111              118
                                              -------------    -------------    -------------
           Total current assets                      12,197            6,935            3,801
                                              -------------    -------------    -------------

PROPERTY,PLANT AND EQUIPMENT
    Property,plant and equipment,net                    638              153              154
                                              -------------    -------------    -------------

OTHER ASSETS
    Patents,net                                         104               88               63
    Other assets                                         31               24               43
                                              -------------    -------------    -------------
          Net other assets                              135              112              106
                                              -------------    -------------    -------------

                                              $      12,970    $       7,200    $       4,061
                                              =============    =============    =============

CURRENT LIABILITIES
    Notes payable and accrued interest        $        --      $        --      $        --
    Current portion of long term debt                     0                0                7
    Accounts payable                                    648              580              578
    Accrued liabilities                               2,148              302              301
                                              -------------    -------------    -------------
         Total current liabilities                    2,796              882              886
                                              -------------    -------------    -------------

    Long term debt,net of current portion                 0                0                0

                                              -------------    -------------    -------------
                                                      2,796              882              886
                                              -------------    -------------    -------------


    Preferred stock                                      53               53               53
    Common stock                                        273              269              252
    Additional paid in capital                       12,458           12,376           12,378
    Accumulated deficit                              (2,610)          (6,380)          (9,509)
                                              -------------    -------------    -------------
                                                     10,174            6,318            3,175
                                              -------------    -------------    -------------

                                              $      12,970    $       7,200    $       4,061
                                              =============    =============    =============
</TABLE>

The accompanying notes to the Financial Statements are an integral part of these
Financial Statements.

<PAGE>
<TABLE>
<CAPTION>

TVI CORPORATION
STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDING SEPTEMBER 30, 2003 and 2002.
(in thousands)
(Unaudited)

                                                                             For Nine Months Ended
                                                                         September 30,    September 30,
CASH FLOW FROM OPERATING ACTIVITIES                                           2003            2002
                                                                         -------------    -------------
<S>                                                                      <C>              <C>
Net Income                                                               $       3,769    $       1,302

Adjustments to reconcile net income to net
    cash provided by (used in) operating activities:
      Depreciation and amortization                                                 93               45
      Deferred income taxes                                                      1,358                0
      Stock compensation expense, director's fees                                   34
      (Increase) decrease in accounts receivable                                (2,808)            (666)
      (Increase) decrease in inventories                                          (903)            (181)
      (Increase) decrease in prepaid expenses and other current assets            (184)             (67)
      (Increase) decrease in other assets                                           (7)              (6)
       Increase (decrease) in accounts payable                                      68              228
       Increase (decrease) in accrued expenses                                   1,846               88

                                                                         -------------    -------------
NET CASH PROVIDED BY OPERATING ACTIVITIES                                        3,266              743
                                                                         -------------    -------------

CASH FLOWS FROM INVESTING ACTIVITIES

       Purchase of intangible assets                                               (27)             (10)
       Purchase of property,plant and equipment                                   (567)             (52)
                                                                         -------------    -------------
NET CASH USED IN INVESTING ACTIVITIES                                             (594)             (62)
                                                                         -------------    -------------

CASH FLOWS FROM FINANCING ACTIVITIES
       Repayment of long term loans                                                  0             (192)
       Issuance of common stock                                                     86              144
       Principal payments on long-term debt                                          0              (10)
                                                                         -------------    -------------
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES                                 86              (58)
                                                                         -------------    -------------

NET INCREASE (DECREASE) IN CASH                                                  2,758              623
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR                                   1,615              337

                                                                         -------------    -------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                               $       4,373    $         960
                                                                         -------------    -------------
</TABLE>

The accompanying notes to the Financial Statements are an integral part of these
Financial Statements.

<PAGE>

                                 TVI Corporation

                          Notes to Financial Statements



Note 1.  Basis of Presentation.
The  accompanying  unaudited  interim  condensed  financial  statements  of  TVI
Corporation ("Company") have been prepared in accordance with generally accepted
accounting principles for interim financial  information.  Accordingly,  they do
not  include  all  of the  information  and  footnotes  required  by  accounting
principles  generally  accepted  in the United  States of America  for  complete
financial  statements.  In the opinion of management,  all material  adjustments
(consisting  of  normal  recurring  items)  considered   necessary  for  a  fair
presentation  have been  included.  This quarterly  report and the  accompanying
financial  statements  should be read in conjunction with the Company's  audited
financial  statements  and notes thereto  presented in its Annual Report on Form
10-KSB/A for the fiscal year ended December 31, 2002 (the "2002 Annual Report").
Footnotes which would  substantially  duplicate the disclosures in the Company's
audited  financial  statements for the year ended December 31, 2002 contained in
the 2002 Annual  Report have been  omitted.  The interim  financial  information
contained in this quarterly report is not necessarily  indicative of the results
to be expected for any other interim period or for the full year ending December
31, 2003.

Note 2. Inventories

Inventories as of September 30, 2003 and 2002 and December 31, 2002, consist of:


$000's                        September 30,         December 31,   September 30,
                                   2003                 2002            2002
                              -------------        -----------------------------

Finished Goods                $          63        $          15   $         190

Work in Progress                         95                   71              91

Raw Materials                         1,527                  734             553

Other                                   105                   67              59
                              -------------        -----------------------------

Total                         $       1,790        $         887   $         893
                              =============        =============================

Other inventories consist of field service,demonstration and other sales support
inventory.



<PAGE>


Note 3. Stock Compensation

Statement of Financial Accounting Standards No. 123, "Accounting for Stock-Based
Compensation"("SFAS  123"), encourages, but does not require companies to record
compensation cost for stock-based employee compensation plans at fair value. The
Company has chosen to account for stock-based  compensation  using the intrinsic
value  method  prescribed  in  Accounting   Principles  Board  Opinion  No.  25,
"Accounting  for  Stock  Issued  to  Employees",  and  related  Interpretations.
Accordingly,  compensation  cost for stock options is measured as the excess, if
any, of the estimated fair value of the Company's stock at the date of the grant
over the amount an  employee  must pay to acquire  the stock.  The  Company  has
adopted the "disclosure only"  alternative  described in SFAS 123 which requires
pro forma  disclosures of net income and earnings per share as if the fair value
method of accounting has been applied.

The following table illustrates the effect on net income in the Third quarter of
2003 if the Company had applied the fair value  recognition  provisions  of SFAS
123 to stock-based compensation.
<TABLE>
<CAPTION>
                                                                        $000's except per share data
                                                                             2003            2002
                                                                        ------------    ------------
<S>                                                                     <C>             <C>
Net income as reported                                                  $      1,405    $        787

Add: stock based compensation included in net income as reported, net
    of related tax effects                                                      --              --

Deduct: stock based compensation determined under fair value based
    methods for all awards, net of related tax effects                            (2)             (2)
                                                                        ------------    ------------

Proforma net income                                                     $      1403     $        785
                                                                        ============    ============
Net income per common share as reported:

Basic                                                                   $      0.051    $      0.030
                                                                        ============    ============

Diluted                                                                 $      0.048    $      0.027
                                                                        ============    ============
Proforma net income per common share:

Basic                                                                   $      0.051    $      0.029
                                                                        ============    ============

Diluted                                                                 $      0.048    $      0.027
                                                                        ============    ============


The  following  table  illustrates  the  effect on net  income in the first nine
months of 2003 if the Company had applied the fair value recognition  provisions
of SFAS 123 to stock-based compensation.
                                                                        $000's except per share data
                                                                             2003            2002
                                                                        ------------    ------------

Net income as reported                                                  $      3,769    $      1,302

Add: stock based compensation included in net income as reported, net
    of related tax effects                                                      --              --

Deduct: stock based compensation determined under fair value based
    methods for all awards, net of related tax effects                            (5)             (7)
                                                                        ------------    ------------

Proforma net income                                                     $      3,764    $      1,295
                                                                        ============    ============
Net income per common share as reported:

Basic                                                                   $      0.139    $      0.050
                                                                        ============    ============

Diluted                                                                 $      0.128    $      0.046
                                                                        ============    ============
Proforma net income per common share:

Basic                                                                   $      0.138    $      0.050
                                                                        ============    ============

Diluted                                                                 $      0.128    $      0.046
                                                                        ============    ============
</TABLE>


<PAGE>

Note 4.  Income Tax

The Company originally reported a deferred tax asset in the amount of $1,358,000
as of December 31, 2002,  against  which a valuation  allowance was provided for
the entire asset amount. Subsequent to the filing of the Company's annual report
for 2002  management  has  decided  that it is more  likely  than not the entire
amount of the deferred tax asset would be  recovered.  Accordingly,  the Company
has filed an amended  10-KSB/A with the Securities  and Exchange  Commission for
2002 to  recognize  the  deferred  tax asset of  $1,358,000  and a deferred  tax
benefit in its  statement  of income for 2002 of  $1,358,000.  The  deferred tax
asset consisted  primarily of the net operating loss  carryforwards  the Company
may use to offset  future  income  tax  liabilities.  The  majority  of the loss
carryforwards  expire after the year 2009. As of September 30, 2003 the deferred
tax asset had been fully utilized.



Note 5. Recent Accounting Pronouncements

In January 2003, the Financial  Accounting Standards  Board(FASB)issued  FIN No.
46, "Consolidation of Variable Interest Entities".  The interpretation  provides
guidance on consolidating  variable interest entities and applies immediately to
variable  interests  created  after  January 31,  2003.  The  guidelines  of the
interpretation  will become applicable for the Company in its third quarter 2003
financial  statements for variable  interest entities created before February 1,
2003. The interpretation  requires variable interest entities to be consolidated
if the  equity  investment  at risk is not  sufficient  to  permit  an entity to
finance  its  activities  without  support  from  other  parties  or the  equity
investors lack certain  specific  characteristics.  The Company has reviewed FIN
No. 46 and  determined  there is no impact or disclosure  requirement  under the
provisions of the  interpretation,  as the Company does not currently  invest in
any variable interest entities.

<PAGE>

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

              CAUTIONARY NOTE REGARDING THE USE OF FORWARD-LOOKING
                       STATEMENTS CONCERNING OUR BUSINESS:


         Management's  Discussion  and Analysis or Plan of  Operation  and other
sections  contain  forward-looking  statements  that are  based on  management's
expectations, estimates, projections and assumptions.

         These statements may be identified by the use of forward-looking  words
or phrases such as "should",  "believes",  expects", "might result", and others.
These  forward-looking  statements  involve risks and  uncertainties and are not
guarantees of future performance, as actual results could differ materially from
our current  expectations.  Such risks and uncertainties include achieving order
and sales  levels to fulfill  revenue  expectations;  our  ability to respond to
changes in the counter-terrorism,  military,  public safety, and first responder
communities;  adverse  changes in  governmental  regulations;  expected costs or
charges,  certain of which may be outside the control of the  Company;  the time
and costs involved in the marketing and promotion for our products; the possible
cancellation  of  orders  for  our  products;   general  economic  and  business
conditions;  and  competitive  factors in our  markets and  industry  generally.
Numerous  other factors could cause or contribute to such  differences.  Readers
are cautioned not to place undue reliance on these  forward-looking  statements,
which speak only as to the date of the press  release.  The  Company  assumes no
obligation to update any such  forward-looking  statements even if experience or
future changes make it clear that projected results expressed or implied in such
statements will not be realized.

The following  discussion and analysis of our financial condition and results of
operations should be read in conjunction with our Financial Statements and Notes
thereto contained herein.

Three Months Ended September 30, 2003 vs. Three Months Ended September 30, 2002

         (In $ thousands, except per share data)

Net Sales.  Net Sales  increased  $4,145,  or 135%,  for the three months ending
September  30, 2003 to $7,207 from the three months  ending  September 30, 2002.
The Net Sales  increase was primarily  attributable  to the spending by federal,
state,   and   municipal   government   agencies  on  a   worldwide   basis  for
decontamination  equipment.  $3.3  million  of the  order  for $8.9  million  in
decontamination  equipment  received  in the  first  quarter  from  Professional
Protection Systems (PPS), our distributor for the UK and Europe, was invoiced in
the third quarter.  In addition another order for $282 from PPS was received and
shipped in the quarter.

Cost of Sales.  Cost of Sales as a % of Net  Sales was lower by four  percentage
points for the three  months  ending  September  30, 2003 than the three  months
ending  September  30,  2002.  The  decrease  in Cost of Sales as a per cent was
primarily a result of sales volume  increases in  decontamination  equipment and
economies of scale related to sales volume increases.

Gross  Profit.  Gross  Profit  margin at 54.8% of Net  Sales was  higher by four
percentage  points for the three months ending September 30, 2003 than the three
months ending  September 30, 2002.  The increase in gross profit margin  percent
was primarily a result of sales volume  increases in  decontamination  equipment
and economies of scale related to sales volume increases.

Selling,  General,  and  Administrative.  Selling,  General,  and Administrative
(SG&A)  expense was $1,675 for the three months  ending  September  30, 2003, an
increase of 120% from the three months ending  September 30, 2002.  The increase
was a result  primarily of an increase in facility,  employee and sales  support
related  costs to support  the sales  growth.  SG&A  expense as a % of Net Sales
decreased to 23% for the three months  ending  September  30, 2003 from 25% from
the three months ending  September 30, 2002.  SG&A decreased as a % of Net Sales
because  the  increase  in Net  Sales  was much  greater  than the  increase  in
facility, employee and sales support costs.

<PAGE>

Income Before Income Taxes.  Income before income taxes increased 190% to $2,282
for the three months  ending  September  30, 2003 from $787 for the three months
ending  September  30, 2002.  Income before income taxes as a % of Net Sales was
32% for the three months  ending  September  30, 2003 as compared to 26% for the
three months ending  September  30, 2002.  The  improvement  in net income was a
result of several factors: the increase in net sales, economies of scale related
to volume increases, and the change in product mix.

Income Tax Expense With the reduction of the valuation allowance on the deferred
tax asset to zero in 2002,  the Company now has a provision  for income taxes of
$877 for the three  months  ending  September  30,  2003.  Due to the  valuation
allowance  against the deferred tax asset as of September 30, 2002, there was no
tax provision for the three months then ended.

Net  Income.  Net income  increased  79% to $1,405 for the three  months  ending
September 30, 2003 from $787 for the three months ending September 30, 2002. Net
income as a % of Net Sales was 19% for the three  months  ending  September  30,
2003 as compared to 26% for the three months  ending  September  30,  2002.  The
improvement in net income was a result of several  factors:  the increase in net
sales,  economies of scale  related to volume  increases,  the change in product
mix, offset partially by the provision for income taxes.

Nine Months Ended September 30, 2003 vs. Nine Months Ended September 30, 2002

         (In $ thousands, except per share data)



Net Sales.  Net Sales  increased  $13,183,  or 204%,  for the nine months ending
September  30, 2003 to $19,645 from the nine months  ending  September 30, 2002.
The net sales  increase was primarily  attributable  to the spending by federal,
state,   and   municipal   government   agencies  on  a   worldwide   basis  for
decontamination  equipment.  $8.9  million  of the  order  for $8.9  million  in
decontamination  equipment  received  in the  first  quarter  from  Professional
Protection Systems (PPS), our distributor for the UK and Europe, was invoiced in
the first nine months. Another order from PPS was also shipped in the first nine
months.

Cost of Sales.  Cost of Sales as a % of Net  Sales  was lower by six  percentage
points for the nine months ending September 30, 2003 than the nine months ending
September 30, 2002.  The decrease in Cost of Sales as a per cent was primarily a
result of sales volume increases in  decontamination  equipment and economies of
scale related to sales volume increases.

Gross  Profit.  Gross  Profit  margin at 54.1% of Net  Sales  was  higher by six
percentage  points for the nine months  ending  September 30, 2003 than the nine
months ending  September 30, 2002.  The increase in gross profit margin  percent
was primarily a result of sales volume  increases in  decontamination  equipment
and economies of scale related to volume increases.

Selling,  General,  and  Administrative.  Selling,  General,  and Administrative
(SG&A)  expense was $4,505 for the nine months  ending  September  30, 2003,  an
increase of 154% from the nine months ending  September  30, 2002.  The increase
was a result  primarily of an increase in facility,  employee and sales  support
related  costs to support  the sales  growth.  SG&A  expense as a % of Net Sales
decreased to 23% for the nine months ending June 30, 2003 from 27% from the nine
months ending September 30, 2002. SG&A decreased as a % of Net Sales because the
increase in Net Sales was much greater  than the increase in facility,  employee
and sales support costs.

Income Before Income Taxes.  Income before income taxes increased 371% to $6,133
for the nine months  ending  September  30, 2003 from $1,302 for the nine months
ending  September  30, 2002.  Income before income taxes as a % of Net Sales was
31% for the nine  months  ending  September  30, 2003 as compared to 20% for the
nine months ending September 30, 2002.

<PAGE>

Income Tax Expense With the reduction of the valuation allowance on the deferred
tax asset to zero in 2002,  the Company now has a provision  for income taxes of
$2,364 for the nine months  ending  September  30,  2003.  Due to the  valuation
allowance  against the deferred tax asset as of September 30, 2002, there was no
tax provision for the nine months then ended.

Net  Income.  Net income  increased  189% to $3,769 for the nine  months  ending
September  30, 2003 from $1,302 for the nine months  ending  September 30, 2002.
Net income as a % of Net Sales was 19% for the nine months ending  September 30,
2003 as compared to 20% for the nine  months  ending  September  30,  2002.  The
improvement in net income was a result of several  factors:  the increase in Net
Sales,  economies of scale  related to volume  increases,  the change in product
mix, offset partially by the provision for income taxes.

..
Financial Condition, Liquidity and Capital

Working  capital was $9,401 at September  30, 2003,  up from $2,915 at September
30,  2002.  Cash at  September  30,  2003 was  $4,373,  an increase of 356% from
September 30, 2002.  Accounts  Receivable  at September 30, 2003 was $5,772,  an
increase of 215% from  September  30, 2002 and 95% from  December 31, 2002.  The
increase in Accounts  Receivable  was due to the increase in  international  net
sales with their longer  collection  period.  Inventories  at September 30, 2003
were  $1,790,  an increase  of 102% from  December  31,  2002.  The  increase in
inventories was due to the increase in orders. A total of $567 has been spent on
capital  improvements  during  the first  nine  months  of 2003.  Cash flow from
operations for the nine months ending  September 30, 2003 was $3,266.  TVI has a
line of credit in the amount of $850,000  with Bank of America.  As of September
30, 2003, there were no borrowings against the line.

Internal cash  generation  combined with currently  available cash and available
borrowing  facilities  are  expected to be  sufficient  to fund  investments  in
working  capital  to  support  increased   business,   and  additional   capital
expenditures.  The Company seeks to expand by  acquisition as well as by growing
its existing business.

Operating Improvements

The  Company  has spent  $567 in  capital  improvements  to  increase  operating
efficiency and quality.  Additional  improvements  in efficiency and quality are
expected in the fourth quarter of 2003 as a result of the capital improvements.

Item 4. CONTROLS AND PROCEDURES

An evaluation as of the end of the period covered by this report was carried out
under the supervision and with the  participation  of the Company's  management,
including its Chief Executive Officer and principal  Financial  Officer,  of the
effectiveness of the design and operation of the Company's  disclosure  controls
and procedures (as defined in Rule 13a-15(e) and 15d-15(e)  under the Securities
Exchange Act of 1934). . In designing and evaluating the disclosure controls and
procedures,  management  recognizes that any controls and procedures,  no matter
how well  designed  and  operated,  can provide  only  reasonable  assurance  of
achieving the desired  control  objectives,  and management is required to apply
its judgment in evaluating the  cost-benefit  relationship of possible  controls
and  procedures.  Based on the  foregoing,  the  Company's  President  and Chief
Executive  Officer and principal  Financial Officer concluded that the Company's
disclosure  controls and procedures  were adequate at the  reasonable  assurance
level to ensure that information  required to be disclosed by the Company in the
reports that it files or submits under the Exchange Act is recorded,  processed,
summarized and reported,  within the time periods  specified in the Commission's
rules and forms.  There were no changes in the Company's  internal  control over
financial  reporting  that  occurred  during the  Company's  most recent  fiscal
quarter that have materially  affected,  or are reasonably  likely to materially
affect, the Company's internal control over financial reporting.




<PAGE>

                           PART II-- OTHER INFORMATION

Item 6. Exhibits and Reports on FORM 8-K.



(a) Exhibits

         31.1     Certification  Pursuant to Section  302 of the  Sarbanes-Oxley
                  Act of 2002

         31.2     Certification  Pursuant  to 302 of the  Sarbanes-Oxley  Act of
                  2002

         32.1     Certification  Pursuant to Section  906 of the  Sarbanes-Oxley
                  Act of 2002

         32.2     Certification  Pursuant  to 906 of the  Sarbanes-Oxley  Act of
                  2002

(b) Reports on Form 8-K.

On July 23, 2003,  TVI  Corporation  filed an 8-K that  reported  the  Company's
dismissal of Aronson & Company, its then-current  independent public accountant,
and the appointment of Stegman & Company as the Company's new independent public
accountant.  Aronson & Company's reports on the Company's  financial  statements
for the past  fiscal year  ending  December  31, 2002 did not contain an adverse
opinion or  disclaimer  of opinion,  nor were they  qualified  or modified as to
uncertainty, audit scope or accounting principles.

On August 5, 2003, TVI  Corporation  filed an 8-K that contained a press release
issued that day in connection with the  announcements of its second quarter 2003
earnings.

Notwithstanding the foregoing,  any information  furnished under Item 9 and Item
12 of the Company's Current Reports on Form 8-K, including the related exhibits,
shall not be deemed to be filed for  purposes  of Section  18 of the  Securities
Exchange Act of 1934.


                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                                      TVI CORPORATION
                                      (Registrant)

Date:  November 11, 2003               /s/THOMAS K. PLUNKETT
                                      -----------------------------------------
                                      THOMAS K. PLUNKETT, Vice President Finance
                                       and Treasurer

Date:  November 11, 2003               /s/RICHARD V. PRIDDY
                                      -----------------------------------------
                                      RICHARD V. PRIDDY, Chief Executive Officer


<PAGE>

                                  EXHIBIT INDEX


Exhibit
Number                                Description
------                                -----------

31.1     Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
         - Richard V. Priddy

31.2     Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
         - Thomas K. Plunkett

32.1     Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
         - Richard V. Priddy

32.2     Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
         - Thomas K. Plunkett