UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-QSB

(Mark One)

[X]  QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE ACT
     OF 1934

     For the quarterly period ended June 30, 2002
                                    -------------

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

     For the transition period from              to
                                    -------------  -------------
     Commission file number
                           -------------------------------------

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

            Maryland                                      52-1085536
---------------------------------              ---------------------------------
(State or other jurisdiction                   (IRS Employer Identification No.)
of 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 [X] 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: 26,424,336 as of July 29, 2002
      ------------------------------
Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]

<PAGE>
<TABLE>
<CAPTION>

                         PART I -- FINANCIAL INFORMATION

Item 1. Financial Statements.

Please see the attached financial statements and footnotes.

                                 TVI Corporation
                                Income Statement
                   For the Three Months and Six Months Ending
                             June 30, 2002 and 2001

                                   Unaudited         Three Months Ending
                                                         June 30,
                                   --------------------------------------------------

                                        2002      % Sales         2001      % Sales
                                   -----------  -----------  -----------  -----------
<S>                                <C>          <C>          <C>          <C>
                                        $                          $

REVENUE                              2,046,542          100    1,032,079          100

COST OF SALES                        1,142,138           56      516,317           50
                                   -----------  -----------  -----------  -----------

GROSS PROFIT                           904,404           44      515,762           50

GENERAL & ADMINISTRATIVE EXPENSES      599,098           29      331,278           32
                                   -----------  -----------  -----------  -----------

OPERATING INCOME                       305,306           15      184,484           18

OTHER INCOME (EXPENSE)                  (1,043)     (21,377)      (1,967)     (31,318)
                                   -----------  -----------  -----------  -----------

NET INCOME BEFORE TAXES                304,263           15      163,107           16

INCOME TAXES                              --                        --

NET INCOME                             304,263           15      163,107           16
                                   ===========               ===========


BASIC AVERAGE SHARES OUTSTANDING    26,068,708                25,246,035

BASIC EARNINGS PER SHARE                 0.012                    0.006

DILUTED EARNINGS PER SHARE               0.011                    0.006

DILUTED AVERAGE SHARES OUTSTANDING  28,416,777               27,381,971
</TABLE>

See Notes

<PAGE>
<TABLE>
<CAPTION>

                                 TVI Corporation
                                Income Statement
                   For the Three Months and Six Months Ending
                             June 30, 2002 and 2001

                                 Unaudited      Six Months Ending
                                                      June 30,
                                  ---------------------------------------------------

                                       2002      % Sales         2001      % Sales
                                  -----------  -----------  -----------   -----------
<S>                               <C>          <C>          <C>           <C>
                                          $                         $
REVENUE                              3,400,360          100    2,026,217          100

COST OF SALES                        1,869,678           55    1,024,683           51
                                   -----------  -----------  -----------  -----------

GROSS PROFIT                         1,530,682           45    1,001,534           49

GENERAL & ADMINISTRATIVE EXPENSES    1,013,321           30      622,408           31
                                   -----------  -----------  -----------  -----------

OPERATING INCOME                       517,361           15      379,126           19

OTHER INCOME (EXPENSE)
                                   -----------  -----------  -----------  -----------

NET INCOME BEFORE TAXES                515,394           15      347,808           17

INCOME TAXES                              --                        --

NET INCOME                             515,394           15      347,808           17
                                   ===========               ===========


BASIC AVERAGE SHARES OUTSTANDING    25,855,244                25,246,035

BASIC EARNINGS PER SHARE                 0.020                     0.014

DILUTED EARNINGS PER SHARE               0.018                     0.013

DILUTED AVERAGE SHARES OUTSTANDING  28,269,017                27,240,935
</TABLE>

<PAGE>


                                 TVI Corporation
                             Statement of Cash Flows
                 For the 3 Months Ending June 30, 2002 and 2001
                                    Unaudited

                                                           Three Months Ending
                                                           June 30,    June 30,
CASH FLOW FROM OPERATING ACTIVITIES                          2002        2001
                                                           --------    --------
                                                               $           $
Net Income                                                  304,264     163,107

Adjustments to reconcile net income to net
     cash provided by (used in) operating activities:
      Depreciation and amortization                          11,807       9,264
      (Increase) decrease in accounts receivable           (511,363)      1,960
      (Increase) decrease in inventories                     76,876     (91,679)
      (Increase) decrease in prepaid expenses                39,769     (23,452)
      (Increase) decrease in other assets                      (385)     (5,000)
       Increase (decrease) in accounts payable              197,645       4,088
       Increase (decrease) in accrued expenses             (101,014)     22,454
                                                           --------    --------

NET CASH PROVIDED BY OPERATING ACTIVITIES                    17,599      80,742

CASH FLOWS FROM INVESTING ACTIVITIES

       Purchase of intangible assets                           (542)    (20,494)
       Purchase of capital equipment                             (0)     (3,622)
       Disposal of obsolete equipment                        31,000
                                                           --------    --------
NET CASH USED FOR INVESTING ACTIVITIES                         (542)      6,884

CASH FLOWS FROM FINANCING ACTIVITIES
       Increase (decrease) in notes payable                     (66)       --
       Issuance of common stock                              14,249      73,375
       Principal payments on long-term obligations           (1,815)     (1,533)
                                                           --------    --------

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES          12,368      71,842

NET INCREASE (DECREASE) IN CASH                              29,425     159,468
CASH, BEGINNING                                             490,751     603,141

                                                           --------    --------
CASH, END                                                   520,176     762,609
                                                           ========    ========
                     See Notes to this Financial Statement

<PAGE>

                                 TVI Corporation
                             Statement of Cash Flows
                For the Six Months Ending June 30, 2002 and 2001
                                    Unaudited

                                                             6 Months Ending
                                                           June 30,    June 30,
CASH FLOW FROM OPERATING ACTIVITIES                          2002        2001
                                                           --------    --------
                                                               $           $
Net Income                                                  515,395     347,808

Adjustments to reconcile net income to net
     cash provided by (used in) operating activities:
      Depreciation and amortization                          25,507      18,099
      (Increase) decrease in accounts receivable           (524,739)    (84,167)
      (Increase) decrease in inventories                     (1,460)   (100,068)
      (Increase) decrease in prepaid expenses                29,795      45,299
      (Increase) decrease in other assets                    (6,739)    (39,654)
       Increase (decrease) in accounts payable              207,534      (4,454)
       Increase (decrease) in accrued expenses              (57,266)     14,932
                                                           --------    --------

NET CASH PROVIDED BY OPERATING ACTIVITIES                   188,027     197,795

CASH FLOWS FROM INVESTING ACTIVITIES

       Purchase of intangible assets                           (769)    (23,781)
       Purchase of capital equipment                        (49,026)    (29,694)
Disposal of obsolete equipment                               31,000
                                                           --------    --------
NET CASH USED FOR INVESTING ACTIVITIES                      (49,795)    (22,475)

CASH FLOWS FROM FINANCING ACTIVITIES
       Increase (decrease) in notes payable                     (66)     38,882
       Issuance of common stock                              48,249      73,374
       Principal payments on long-term obligations           (3,697)     (4,438)
                                                           --------    --------

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES          44,486     107,818

NET INCREASE (DECREASE) IN CASH                             182,718     283,138
CASH, BEGINNING                                             337,457     479,471
                                                           --------    --------
CASH, END                                                   520,175     762,609
                                                           ========    ========

                     See Notes to this Financial Statement.


<PAGE>

                                 TVI Corporation
                                  Balance Sheet
                             June 30, 2002 and 2001
                                    Unaudited
                                                        June 30,      June 30,
                                                           2002         2001
ASSETS                                                 ----------    ----------
       Current Assets                                        $             $
             Cash                                         520,176       762,609
             Accounts Receivable                        1,689,485       540,897
             Inventories, Manufacturing                   648,177       819,870
             Inventories, Demonstrators                    65,817       100,501
             Prepaid Expenses & Other Current Assets       20,884        48,743
                                                       ----------    ----------
                    Total Current Assets                2,944,538     2,272,620

       Fixed Assets
             Property and Equipment                       392,100       400,165
             Accumulated Depreciation                    (221,424)     (250,644)
             Leasing Inventory                               --            --
             Accumulated Depreciation                        --            --
                                                       ----------    ----------
                     Net Fixed Assets                     170,676       149,521

       Other Assets
             Patents                                       73,804        57,035
             Accumulated Amortization                     (20,576)       (9,395)
             Other Assets                                  42,924        73,535
                                                       ----------    ----------
                   Net Other Assets                        96,151       121,175

TOTAL ASSETS                                            3,211,366     2,543,316
                                                       ==========    ==========



LIABILITIES & STOCKHOLDERS' EQUITY
       Current Liabilities
             Current Portion of Long Term Debt             6,130         10,568
             Accounts Payable                            557,752        161,522
             Notes Payable and Accrued Interest          191,901        107,773
             Accrued Liabilities                         155,108        159,887
                                                     -----------    -----------
                  Total Current Liabilities              910,891        439,750

       Long Term Debt                                      6,755        174,912

                                                     -----------    -----------
TOTAL LIABILITIES                                        917,646        614,662
                                                     -----------    -----------

STOCKHOLDERS' EQUITY
             Stock                                       301,170        292,920
             Additional Paid in Capital               12,288,121     12,197,621
             Accumulated Deficit                     (10,295,571)   (10,561,887)
                                                                    -----------
TOTAL STOCKHOLDERS' EQUITY                             2,293,720      1,928,654
                                                     -----------    -----------

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY               3,211,366      2,543,316
                                                     ===========    ===========
             See Notes to this Financial Statement.

<PAGE>

                         Notes to Financial Statements


The  accompanying  unaudited  interim  condensed  financial  statements  of  TVI
Corporation  ("Company")  have been  prepared in  accordance  with the Company's
accounting practices for interim financial information. Accordingly, they do not
include all of the  information  and  footnotes  required by generally  accepted
accounting  principles  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-K for the fiscal
year ended December 31, 2001 (the "2001 Annual  Report").  Footnotes which would
substantially  duplicate  the  disclosures  in the Company's  audited  financial
statements  for the year ended  December  31, 2001  contained in the 2001 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,  2002.  TVI
Corporation Common Shares Outstanding For the Six Months Ending June 30, 2002


                           COMMON SHARES OUTSTANDING

                                                                       Common
                                                                      ----------

Balance, December 31, 2001                                            25,446,036

Options Exercised By Board Members                                       525,000

Options Exercised By Officers                                            100,000

Other Options Exercised                                                  200,000

1,500 Shares of Preferred Stock
     Converted to Common Shares                                            3,000

Shares Granted to Directors                                              250,000

                                                                      ----------
Shares Outstanding at June 30, 2002                                   26,524,036
                                                                      ==========

<PAGE>




Item 2. Management Discussion and Analysis or Plan of Operation.

              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.   Words   such  as
"expects","anticipates", "plans"," believes", "estimates" and variations of such
words and similar  expressions  are  intended to identify  such  forward-looking
statements  that  include,  but are not limited  to,  projections  of  revenues,
earnings,   segment   performance,   cash  flows  and  contract   awards.   Such
forward-looking  statements  are made pursuant to the safe harbor  provisions of
the Private  Securities  Litigation Reform Act of 1995. These statements are not
guarantees of future  performance  and involve  certain risks and  uncertainties
that are difficult to predict.  Therefore,  actual future results and trends may
differ materially from what is indicated in forward-looking  statements due to a
variety of factors. In addition to other factors, these factors that could cause
our actual results to materially differ from our forward-looking statements:

1)the  results of our research and  development  efforts;  2) the time and costs
involved in the marketing  and  promotion  for our systems and products;  3) our
ability to respond to changes in the counter-terrorism, military, public safety,
and  hospitality  markets  including  our  ability to  develop  or  acquire  new
technologies;  4) competitive factors in our markets and industry generally;  5)
the availability of needed  financing on terms and conditions  acceptable to us;
6) the  availability  of management  and other needed  personnel  with requisite
skills and experience; and 7) the terms of any new strategic alliance, licensing
and other arrangements that we may establish.

<PAGE>


     We have no obligation, or intent, to update or revise these forward-looking
statements to reflect future events, new information or otherwise.

     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.


Management Discussion

Three Months Ended June 30, 2002 vs. Three Months Ended June 30, 2001

Revenue.

Revenue  increased  98% for the three months  ending June 30, 2002 to $2,046,542
from the three months ending June 30, 2001.  The revenue  increase was primarily
attributable  to  federal,  state and  municipal  government  agency  awards for
decontamination  equipment. The first orders for 14 Decontamination Systems from
Fisher  Safety with  Massachusetts  Emergency  Management  Agency  (MEMA) as the
ultimate end user,  valued at more than  $750,000  were received and invoiced in
the second quarter. The revenue from the MEMA orders was the major factor in the
increase in the quarter.

Gross Margin.

Gross  margins  were lower for the three  months  ending  June 30, 2002 than the
three months  ending June 30, 2001.  The decrease in gross margin  appears to be
primarily a result of an increase in material cost  associated  with a change in
product mix, to products that are more material intensive.

Selling,  General,  and  Administrative.

Selling,  General, and Administrative  (SG&A) expense was $599,096 for the three
months  ending June 30, 2002,  an increase of 81% from the three  months  ending
June 30, 2001.  The  increase was a result  primarily of an increase in employee
related  costs to  support  the sales  growth.  SG&A  expense  as a % of revenue
decreased  to 29% for the three  months  ending  June 30, 2002 from 32% from the
three months ending June 30, 2001.

Net income  increased  86% to $304,263 for the three months ending June 30, 2002
from  $163,107 for the three months  ending June 30, 2001.  Net Income as a % of
Revenue was 15% for the three months ending June 30, 2002 as compared to 16% for
the three months ending June 30, 2001.

<PAGE>


Six Months Ended June 30, 2002 vs. Six Months Ended June 30, 2001

Revenue.

Revenue increased 68% for the six months ending June 30, 2002 to $3,400,360 from
the six  months  ending  June 30,  2001.  The  revenue  increase  was  primarily
attributable  to  federal,  state and  municipal  government  agency  awards for
decontamination  equipment. The first orders for 14 Decontamination Systems from
Fisher  Safety with  Massachusetts  Emergency  Management  Agency  (MEMA) as the
ultimate end user,  valued at more than  $750,000  were received and invoiced in
the  period.  The  revenue  from the MEMA  orders  was the  major  factor in the
increase in the period.

Gross Margin.

Gross margins at 45% as a % of Revenue were lower for the six months ending June
30, 2002 than the 49% for the six months  ending June 30, 2001.  The decrease in
gross margin  appears to be  primarily a result of an increase in material  cost
associated  with a change in product  mix,  to products  that are more  material
intensive.

Selling, General, and Administrative.

Selling,  General, and Administrative  (SG&A) expense was $1,013,321 for the six
months  ending June 30, 2002, an increase of 63% from the six months ending June
30, 2001. The increase was a result primarily of an increase in employee related
costs to support the sales growth.  SG&A expense as a % of revenue  decreased to
30% for the six months  ending June 30, 2002 from 31% from the six months ending
June 30, 2001.

Net income  increased  48% to $515,394  for the six months  ending June 30, 2002
from  $347,808  for the six months  ending June 30,  2001.  Net Income as a % of
Revenue  was 15% for the six months  ending June 30, 2002 as compared to 17% for
the six months ending June 30, 2001.

Liquidity and Capital Resources

Working capital was $2,033,647 at June 30, 2002 , up from the $1,832,870 at June
30, 2001. Cash Flow from Operating Activities for the six months ending June 30,
2002 was $188,027. Accounts receivable increased $524,739 due to the increase in
Revenue and was only partly offset by the accounts payable increase of $207,534.

<PAGE>


                               -OTHER INFORMATION-

Item 1. Legal Proceedings.

None.

Item 2. Changes in Securities.

No changes.

Item 3. Defaults Upon Senior Securities

Notes Payable consists of promissory  notes with interest at 10 % annually.  The
principal balance of the notes plus accrued interest was due and payable in full
on December  15,  1998.  Management  has decided to begin  retiring the notes in
2002.  Principal and interest  through  December,  1998 were  $191,901.  Accrued
interest from December , 1998 through June 30, 2002 is $46,041.

Item 4. Submission of Matters to a Vote of Security Holders.

The Company's 2002 annual stockholders' meeting (the "Meeting") was held on June
5, 2002 at the  corporate  headquarters  of the  Company  located  in Glen Dale,
Maryland,  pursuant to due notice. Out of a total of 25,371,036 shares of Common
Stock of the  Company  outstanding  and  entitled to vote at such  Meeting,  the
holders of 20,962,189 shares (i.e., 82.62% of all outstanding shares entitled to
vote) were present either in person or by proxy.

     Two matters were acted upon at the Meeting,  namely the ratification of the
Company's accountants for 2001 and the election of directors.

     Set forth below is the number of votes cast for or against,  as well as the
number of  abstentions  and  broker  non-votes,  as to the  ratification  of the
Company's 2001 accountants, Gilliland & Associates, P.C.

             FOR                      AGAINST                    ABSTAIN
      ------------------          -------------------        ------------------
      19,400,223 (97.85%)              105,122 (0.53%)           320,500 (1.62%)

     Set forth  below is a listing  of the  directors  elected  at the  Meeting,
together with the number of votes cast for, against or withheld,  as well as the
number of abstentions and broker non-votes, as to each nominee.

           NOMINEE:                     FOR                      WITHHELD
      ------------------          ------------------         ------------------

      Joseph J.  Borkoski          18,505,245 (93.22%)         1,345,600 (6.78%)
      Stephen A.  Day              18,502,435 (93.21%)         1,348,410 (6.79%)
      Joseph J.  Duffy             18,505,245 (93.22%)         1,345,600 (6.78%)
      Mark N.  Hammond             18,505,245 (93.22%)         1,345,600 (6.78%)
      Richard V.  Priddy           18,505,245 (93.22%)         1,345,600 (6.78%)

     Accordingly, the items described above, having received a favorable vote of
at least a  majority  of the  shares of Common  Stock  present,  in person or by
proxy,  and entitled to vote at the Meeting were declared to be duly approved by
the Stockholders of the Company.

<PAGE>


Item 5. Other Information.

         None.

Item 6. Exhibits and Reports on Form 8-K.
                                ---------
         None.

                                   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: August 13, 2002                            By: /s/ Thomas K. Plunkett
      ---------------                                ---------------------------
                                                     Thomas K. Plunkett
                                                     Vice President Finance


Date: August  13, 2002                           By: /s/ Richard V. Priddy
      ----------------                               --------------------------
                                                     Richard V. Priddy
                                                     Chief Executive Officer