FORM 10-QSB

                SECURITIES AND EXCHANGE COMMISSION

                       Washington, DC 20549

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

        For the quarterly period ended September 30, 1999

                                OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
               SECURITIES AND EXCHANGE ACT OF 1934

For the transition period from                 to                .

Commission file number 0-17966

                    MICRONETICS WIRELESS, INC.
(Exact name of small business issuer as specified in its charter)

          Delaware                              22-2063614
(State or other jurisdiction of         (IRS Employer
incorporation or organization)           Identification No.)

               26 Hampshire Drive, Hudson NH  03051
                (Address of principal executive offices)

                           (603) 883-2900
                   (Issuer's telephone number)


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

     Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past 12
months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes  X    No

     The number of shares outstanding of the issuer's common stock
par value $.01 per share, as of November 4, 1999 was 3,763,114.

Transitional Small Business Disclosure Format (check one);

Yes       No  X

                           Page 1 of 15

                    There is no Exhibit Index.
                    MICRONETICS WIRELESS, INC.


                              INDEX




Part I.  Financial Information:                          Page No.

     Item 1.   Financial Statements.

               Condensed Balance Sheets -                   3-4
                   September 30, 1999 and March
                   31, 1999

                   Condensed Statements of Operations-            5
                   Three Months Ended September 30, 1999
                   and 1998

                   Condensed Statements of Operations -           6
                   Six Months Ended September 30, 1999
                   and 1998

                   Condensed Statements of Cash Flows -         7-8
                   Six Months Ended September 30, 1999
                   and 1998

                   Notes to Condensed Financial                   9
                   Statements

         Item 2.   Management's Discussion and Analysis       10-13
                   of Financial Condition and
                   Result of Operations.

Part II. Other Information:


         Item 6.   Exhibits and Reports on Form 8-K.             14

Signature                                                        15











<PAGE>
                    PART I. FINANCIAL INFORMATION

Item 1.  Financial Statements.

                      MICRONETICS WIRELESS, INC.
                       CONDENSED BALANCE SHEETS
                             (UNAUDITED)
                                Assets


                                       September 30,         March 31,
                                           1999                1999

Current assets:
 Cash                               $  913,517          $1,164,661

Receivables
 Trade (net of allowance for
 doubtful accounts)                  1,136,670             913,272

Inventories (note 2)                 1,956,063           1,738,128

Prepaid expenses and other
 current assets                         40,017              50,144

Deferred tax asset                           -              18,102

Other current assets                   117,922              70,106

Total current assets                 4,164,189           3,954,413

Fixed assets:

 Land                                  162,000             162,000

 Building & improvements               855,969             855,969

 Furniture, fixtures and
   equipment                         1,937,340           1,830,908

 Capitalized leases                    182,588             182,588

  Gross fixed assets                 3,137,897           3,031,465

  Accumulated depreciation and
    amortization                     1,486,704           1,376,840

Total (net) fixed assets             1,651,193           1,654,625

Other assets:

 Deposits                                    -                 765

 Intangibles (net of amortization)      72,497              75,497

 Goodwill                              334,165             337,380

Total other assets                     406,662             413,662

Total assets                        $6,222,044          $6,022,680

                     MICRONETICS WIRELESS, INC.
                       CONDENSED BALANCE SHEETS
                             (UNAUDITED)
                 Liabilities and Shareholders' Equity



                                           September 30,        March 31,
                                              1999                1999


Current liabilities:

Short-term loans and capitalized
 leases                                 $  202,169        $  225,534

Accounts payable                           257,941           196,321

Accrued expenses and taxes, other
 than income taxes                         232,821           243,930

Income taxes payable                        73,051            17,153

Total current liabilities                  765,982           682,938

Long term debt:

Capitalized leases                          29,539            52,053

Notes payable - bank                       736,827           782,450

Notes payable - other                       81,328            81,328

Total long-term debt                       847,694           915,831

Shareholders' equity:

 Common stock                               37,631            37,628
 Additional paid - in capital            3,024,094         3,094,153
 Retained earnings                       1,546,643         1,292,130
 Treasury stock                                  -                 -

Total shareholders' equity               4,608,368         4,423,911

Total liabilities and
shareholders' equity                    $6,222,044        $6,022,680

                     MICRONETICS WIRELESS, INC.
                  CONDENSED STATEMENTS OF OPERATIONS
                              (UNAUDITED)


                                     Three Months Ended September 30,
                                     1999                       1998



Operating revenues               $1,486,615            $1,149,059

Cost of operations                  853,001               683,038

Gross profit                        633,614               466,021

Selling, general and
 administrative expenses            423,807               284,418

Research & development
 expense                            43,216                35,254

Operating income                    165,591               146,349

Other income (expense):
 Rental income                       16,050                10,871
 Interest income                      8,722                 9,780
 Interest (expense)                 (19,120)              (19,672)
 Other income (expense)               6,329                12,882

          Total                      11,981                13,861

Income before taxes
                                    178,572               160,210

Provision for income taxes           24,000                30,064

Net income
                                 $  154,572            $  130,146

Net income per share             $     0.04            $     0.04

Weighted average number
 of shares outstanding            3,744,380             3,403,688


<PAGE>
                      MICRONETICS WIRELESS, INC.
                  CONDENSED STATEMENT OF OPERATIONS
                             (UNAUDITED)


                                     Six Months Ended September 30,
                                        1999                 1998



Operating revenues                $2,829,531          $2,202,734

Cost of operations                 1,670,237           1,314,202

Gross profit                       1,159,294             888,532

Selling, general and
 administrative expenses             780,958             521,605

Research & development expense        73,345              88,678

Operating income                     304,991             278,249

Other income (expense):
 Rental income                        32,100              30,454
 Interest income                      17,702              19,316
 Interest (expense)                  (38,511)            (39,801)
 Other income (expense)               12,231              11,764

          Total                       23,522              21,733

Income before taxes                  328,513             299,982

Provision for income taxes            74,000              71,996

Net income                        $  254,513          $  227,986

Net income per share              $     0.07          $     0.07

Weighted average number
 of shares outstanding             3,744,380           3,403,688


<PAGE>
                      MICRONETICS WIRELESS, INC.
                       STATEMENTS OF CASH FLOWS
                             (UNAUDITED)


                                            Six Months Ended September 30,
                                            1999                   1998


INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS:

Cash Flows from Operating
 Activities:

Net income                              $254,513           $227,986

Adjustments to reconcile net
 income to net cash provided
 by operating activities:

Decrease in deferred tax asset             18,102             43,302

Depreciation and amortization             116,079             89,994

Changes in assets and liabilities:
 (Increase) decrease in accounts
   receivable, inventories, prepaid
   expenses and other current assets     (479,022)           (63,152)

(Increase) decrease in security
  deposits                                    765              1,616

(Decrease) increase in accounts
  payable accrued liabilities,
  notes payable and other current
  liabilities                             106,409           (163,973)

Net cash provided (utilized)
 by operating activities                 $ 16,846           $135,773


<PAGE>
                      MICRONETICS WIRELESS, INC.
                   STATEMENTS OF CASH FLOWS (CONT.)
                               (UNAUDITED)


                                            Six Months Ended September 30,
                                            1999                    1998



INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS:

Cash Flows from Investment
 Activities:
  (Additions) to fixed assets           $ (106,432)       $  (27,337)

Net cash provided (used) by
 investment activities                    (106,432)          (27,337)

Cash Flows from Financing
 Activities:
  (Reduction) increase of debt
     and capitalized leases                (91,502)       $  (61,390)

  Proceeds from stock options
    exercised                               41,562             5,564

  Purchase of treasury stock             (111,618)                -

Net cash provided (used)
 by financing activities                  (161,558)          (55,826)

NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS                 (251,144)           52,610

Cash and cash equivalents, at
 beginning of year                       1,164,661         1,031,625

CASH AND CASH EQUIVALENTS, AT
END OF QUARTER                          $  913,517        $1,084,235




<PAGE>
                      MICRONETICS WIRELESS, INC.

               NOTES TO CONDENSED FINANCIAL STATEMENTS


Note 1.  In the opinion of the Company, the accompanying
              unaudited consolidated condensed financial
              statements contain all adjustments (consisting of
              only normal recurring adjustments) necessary to
              present fairly the financial position as of
              September 30, 1999 and 1998, the results of
              operations for the three month and six month
              periods ended September 30, 1999 and 1998 and cash
              flows for the six month periods ended September
              30, 1999 and 1998.

              While the Company believes that the  disclosures
              presented are adequate to make the information not
              misleading, it is suggested that these
              consolidated condensed financial statements be
              read in conjunction with the Company's Annual
              Report on Form 10-KSB for its fiscal year ended
              March 31, 1999.

              The results of operations for the three and six
              month periods ended September 30, 1999 are not
              necessarily indicative of the results of the full
              year.


Note 2.  Inventories are summarized below:


                              September 30, 1999       March 31, 1999


         Raw materials and
          work-in-process            $1,762,096           $1,517,966
         Finished goods                 193,967              220,162

         Total                       $1,956,063           $1,738,128







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


         Results of Operations

         The Company had revenues of $1,486,615 and $1,149,059 for the
three months ended September 30, 1999 and 1998, respectively, an
increase of 29% compared to the prior period.  This was largely due
to the Company's acquisition of Microwave & Video Systems, Inc. and
Vectronics Microwave Corporation earlier this year.  The Company
had net income of $154,572 or $.04 per share, as compared with net
income of $130,146 or $.04 per share, for the three month periods
ended September 30, 1999 and 1998, respectively.

         The Company had revenues of $2,829,531 and $2,202,734 for the
six months ended September 30, 1999 and 1998, respectively, an
increase of 28.5% over the prior period.  The Company had net
income of $254,513 or $.07 per share, and $227,986 or $.07 per
share, for the six month periods ended September 30, 1999 and 1998,
respectively.

         Gross profit as a percent of net sales for the three months
ended September 30, 1999 was 42.6% compared to 40.6% during the
corresponding period of the prior fiscal year.  For the six month
periods ended September 30, 1999 and 1998, gross profit as a
percent of net sales was 41.0% and 40.3%, respectively.  Selling,
general and administrative expenses ("SGA") as a percent of net
sales for the three months ended September 30, 1999 increased to
28.5% as compared to 24.7% in the prior year.  For the six month
period ended September 30, 1999, SGA as a percent of net sales
increased to 27.6% from 23.7% in the year earlier period.  SG&A
expenses have increased during the current periods as the Company
has expanded its staff and increased its marketing and advertising
activities to support increased business activity. Research and
development expenses ("R&D") as a percent of net sales decreased to
2.9% during the three month period ended September 30, 1999 as
compared to 3.1% in the year earlier period.  R&D expenses as a
percent of net sales decreased to 2.6% during the six month period
ended September 30, 1999 as compared to 4.0% in the prior year
period.


         Financial Condition

         The Company's working capital at September 30, 1999 was
$3,398,207.  It was $3,271,475 at March 31, 1999.  The Company's
current ratio was 5.4 to 1.0 at September 30, 1999, as compared to
5.8 to 1.0 at March 31, 1999.

         The Company generated cash from operating activities in the
amount of $16,846 during the six months ended September 30, 1999 as
compared to $135,773 in the year earlier period.  The Company
purchased $106,432 of new equipment during the six months ended
September 30, 1999, as compared to $27,337 a year ago.  The Company
used $161,558 for financing activities during the six months ended
September 30, 1999, as compared to a use of $55,826 related to the
year earlier period.  As a result, the Company's cash and cash
equivalents decreased from $1,164,661 at March 31, 1999 to $913,517
at September 30, 1999.

         The major differences during the current six month period had
to do with increased accounts receivables and inventory due to
increased business; increased purchases of fixed assets due to
additional investment in the broadband test equipment product line;
increased debt repayment and the repurchase of over 50,000 shares
of Common Stock of the Company.


         Year 2000 Compliance

         The Company is on schedule with a four step project that
addresses the Year 2000 (Y2K) issue by assessing its information
technology ("IT") and non-IT computer systems and operations to
identify and determine the extent to which any such systems may not
be able to properly recognize and process date-sensitive
information after December 31, 1999.  The Y2K problem arose because
many computer systems use only the last two digits of a particular
year rather than four to define the year.  Therefore, these systems
will not be able to properly recognize a year that begins with "20"
instead of the familiar "19".  Any of the Company's systems
utilizing such a two-digit system to refer to a particular year,
will not be able to distinguish between the year 1900 and the year
2000.  This may lead to disruption in the operations of business
including, but not limited to, a temporary inability to process
transactions, billing and customer service or to engage in normal
business activities resulting from miscalculations or system
failures.

         The Company is currently in the process of creating an
inventory of all hardware, software and embedded chips in the
Company.  Each of these items will be assessed for testing
requirements.  Once this first step is completed, the Company will
measure the business criticality for each of the different areas of
the Company including, but not limited to production, distribution,
management functions, operations and material acquisition (i.e.
buying of raw materials).  Next, the Company will assign
contingencies for all Y2K threats, if any.  Lastly, the Company
will address a remediation plan for all Y2K threats found.  Based
upon a preliminary review of the effect of the Y2K problem on the
Company, the Company believes that Y2K will have little or no
impact on its products or services.  The Company's product software
does not reference any date fields and therefore would continue to
function correctly, regardless of date.  The Company does not
anticipate any Y2K issues relating to third parties with which they
have a material relationship.  The Company does not rely on
Electronic Date interchange with any of its vendors.  Furthermore,
the Company does not believe that its relationship with any one
vendor or supplier is material to the extent that such party's Y2K
noncompliance would have a material adverse effect on the Company's
business and operations.  The Company's manufacturing process are
not computer dependent so that Y2K would have no impact on its
ability to deliver products.  This project is designed to ensure
the compliance of all of the Company's applications, operating
systems and hardware platforms, and to address the compliance of
key business partners.  Key business partners are those customers
and vendors that have a material impact on the Company's
operations.  The total estimated cost of the required modifications
to become Y2K compliant should not be material to the Company's
financial position.

         Failure to make all internal business systems Y2K compliant
could result in an interruption in, or failure of, some of the
Company's business activities or operations.  The Y2K project is
expected to reduce the Company's level of uncertainty about the Y2K
problem and reduce the possibility of significant interruptions of
normal business operations.  The most reasonably likely worst case
Year 2000 scenario would be short term delivery interruption of
less than one week.  The Company does not anticipate any material
lost revenue due to Y2K issues.  The Company does not currently
have any contingency plans in the event its systems are not Y2K
compliant by December 31, 1999.  There can be no assurance that any
effective contingency plans will be developed or implemented.


         Safe Harbor Statement

         Statements which are not historical facts, including
statements about the Company's confidence and strategies and its
expectations about new and existing products, technologies and
opportunities, market and industry segment growth, demand and
acceptance of new and existing products are forward looking
statements that involve risks and uncertainties.  These include,
but are not limited to, product demand and market acceptance risks;
the impact of competitive products and pricing; the results of
financing efforts; the loss of any significant customers of any
business; the effect of the Company's accounting policies; the
effects of economic conditions and trade, legal, social, and
economic risks, such as import, licensing, and trade restrictions;
the results of the Company's business plan and the impact on the
Company of its relationship with its lender.


<PAGE>
                   PART II - OTHER INFORMATION



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

  (a)     Exhibits.

         3.1  Certificate of Incorporation of the Company, as amended,
              incorporated by reference to Exhibit 3.1 to Registration
              Statement No. 83-16453 (the "Registration Statement").

         3.2  By-Laws of the Company incorporated by reference to
              Exhibit 3.2 of the Registration Statement.

         27   Financial Data Schedule.

   (b)   Reports on Form 8-K.

         During the quarter ended September 30, 1999, the registrant
did not file any reports on Form 8-K.


<PAGE>
                              SIGNATURE


         Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.



                                       MICRONETICS WIRELESS, INC.




Dated: November 5, 1999           s/Richard S. Kalin
                                       Richard S. Kalin,
                                       President and (Principal Executive
                                       and Financial Officer)



























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