FORM 10-QSB

                SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549


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

For the quarterly period ended June 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 33-16453

                       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)
                            (Zip Code)

                             (603) 883-2900
         (Issuer's telephone number, including area code)


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

     Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities and Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes  X    No

     Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practical date.

     3,767,914 shares of common stock, par value $.01 per share as
of August 5, 1999.


            Page 1 of 12.  There is no Exhibit Index.
                    MICRONETICS WIRELESS, INC.


                              INDEX




                                                        Page No.



Part I.  Financial Information:

     Item 1.   Financial Statements.

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

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

               Condensed Statement of Cash Flows -          6-7
               Three Months Ended June 30, 1999
               and June 30, 1998

               Notes to Condensed Financial                   8
               Statements

     Item 2.   Management's Discussion and Analysis
               or Plan of Operation.                       9-10

Part II.  Other Information:

     Item 2.   Changes in Securities and Use of Proceeds.    12

     Item 6.   Exhibits and Reports on Form 8-K.             12

Signature                                                    13











                  PART I. FINANCIAL INFORMATION

Item 1.  Financial Statements.

                     MICRONETICS WIRELESS, INC.
                      CONDENSED BALANCE SHEETS
                            (UNAUDITED)
                               Assets
                                        June 30,       March 31,
                                          1999            1999

CURRENT ASSETS:
 Cash                                  $1,043,940      $1,164,661

Receivables
 Trade (net of allowance for
  doubtful accounts)                    1,052,848         913,272

Inventories (note 2)                    1,795,001       1,738,128

Prepaid expenses and other
 current assets                            15,663          50,144

Deferred tax asset                            -            18,102

Other current assets                      110,795          70,106

TOTAL CURRENT ASSETS                    4,018,247       3,954,413

FIXED ASSETS

Land                                      162,000         162,000
Building & Improvements                   855,969         855,969
Furniture, Fixtures, and
 Equipment                              1,846,858       1,830,908
Capitalized Leases                        182,588         182,588

 Gross Fixed Assets                     3,047,415       3,031,465
 Accumulated Depreciation
  and Amortization                      1,429,841       1,376,840

TOTAL (NET) FIXED ASSETS                1,617,574       1,654,625

OTHER ASSETS

Deposits                                    -                 765
Intangibles (Net of
 Amortization)                             73,497          75,497
Goodwill                                  335,273         337,380

TOTAL OTHER ASSETS                        408,770         413,662
TOTAL ASSETS                           $6,044,591      $6,022,680

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


                                        June 30,       March 31,
                                          1999           1999




CURRENT LIABILITIES:

 Short-term loans and capitalized
  leases                               $216,898        $225,534

 Accounts payable                       176,326         196,321

 Accrued expenses and taxes, other
  than income taxes                     233,505         243,930

 Income taxes payable                    49,051          17,153

TOTAL CURRENT LIABILITIES               675,780         682,938

LONG-TERM DEBT:

 Capitalized leases                      35,255          52,053

 Notes payable - Bank                   760,241         782,450

 Notes payable - Other                   81,328          81,328

TOTAL LONG-TERM DEBT                    876,824         915,831

SHAREHOLDER'S EQUITY:

 Common stock                            37,839          37,628
 Additional paid - in capital         3,100,692       3,094,153
 Retained earnings                    1,392,071       1,292,130
 Treasury stock                         (38,615)          -

TOTAL SHAREHOLDERS' EQUITY            4,491,993       4,423,911

TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY                $ 6,044,591     $ 6,022,680


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



                                     Three Months Ended June 30,
                                        1999             1998



Operating revenues                  $1,342,916       $1,053,675

Cost of operations                     817,236          631,164

Gross profit                           525,680          422,511

Selling, general and
 administrative expenses               357,151          237,187

Research & development                  30,129           53,424

Operating income                       138,400          131,900

Other income (expense):
 Rental income                          16,050           19,583
 Interest income                         8,980            9,536
 Interest (expense)                    (19,391)         (20,129)
 Other income (expense)                  5,902          ( 1,118)

          Total                         11,541            7,872

Income before provision
 for income taxes                      149,941          139,772

Provision for income taxes              50,000           41,932

Net income                          $   99,941       $   97,840

Net income per share                $     0.03       $     0.03

Weighted average number
 of shares outstanding               3,765,640        3,403,688



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


                                        Three Months Ended June 30,
                                          1999              1998



INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS:

Cash flows from operating
 Activities:

Net income                              $ 99,941          $ 97,840

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

Decrease in deferred tax asset            18,102            30,752

Depreciation and amortization             57,108            44,997

Changes in assets and liabilities:
 (Increase) decrease in accounts
  receivable, inventories, prepaid
  expenses and other current assets     (202,657)          214,219

(Increase) decrease in security
 deposits and other assets                   765               335

(Decrease) increase in accounts
 payable, accrued liabilities,
 notes payable and other current
 liabilities                               1,478          (152,407)

Net cash provided (utilized)
 by operating activities                $(25,263)         $235,736


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


                                   Three Months Ended June 30,
                                      1999             1998



INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS:

Cash Flows from Investment
 Activities:
  (Additions) to fixed assets     $  (15,950)       $  (15,665)

Net cash provided (used) by
 investment activities            $  (15,950)          (15,665)

Cash Flows from Financing
 Activities:
  (Reduction) increase of debt
    and capitalized leases           (47,643)          (20,235)

  Purchase of treasury shares        (38,615)

  Proceeds from stock options
   exercised                           6,750             1,000

Net cash provided (used)
 by financing activities          $  (79,508)       $  (19,235)

NET INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS              $ (120,721)       $  200,836

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

CASH AND CASH EQUIVALENTS, AT
END OF QUARTER                    $1,043,940        $1,232,461




<PAGE>
                    MICRONETICS, WIRELESS, INC.

              NOTES TO CONDENSED FINANCIAL STATEMENTS



Note 1.   In the opinion of the Company, the accompany-
          ing unaudited consolidated condensed financial
          statements contain all adjustments (consisting
          of only normal recurring adjustments) which in
          the opinion of management are necessary in order
          to present fairly the financial position as of
          June 30, 1999 and 1998, the results of
          operations for the three month period ended June
          30, 1999 and 1998 and cash flows for the three
          month period ended June 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 month
          period ended June 30, 1999 are not necessarily
          indicative of the results of the full year.


Note 2.   Inventories are summarized below:


                         June 30, 1999       March 31, 1999

     Raw materials and
      work-in-process     $1,574,839          $1,517,966
     Finished goods          220,162             220,162

     Total                $1,795,001          $1,738,128





<PAGE>
Item 2.   Management's Discussion and Analysis or Plan of Operation.


     Results of Operations

     The Company had revenues of $1,342,916 and $1,053,675 for the
three months ended June 30, 1998 and 1997, respectively, an increase
of $289,241 or 27.5% in the current period.  Gross profit as a
percent of net sales declined to 39.1% in the current period from
40.1% during the corresponding period of the prior fiscal year.
Selling, general and administrative expenses as a percent of net
sales for the current period increased to 25.1% from 22.5% during the
corresponding period a year ago.  Research and development expenses
declined to 2.2% of net sales during the current period as compared
to 5.1% of net sales a year ago.  These changes during the current
period largely are the result of the integration of the operations of
Microwave & Video Systems, Inc. and Vectronics Microwave Corporation,
which were acquired by the Company in the fourth quarter of the prior
fiscal year.

     The Company had net income of $99,941, or $.03 per share, as
compared to net income of $97,840, or $.03 per share, for the three
month periods ended June 30, 1999 and 1998, respectively. The
weighted average shares outstanding for the three months ended June
30, 1999 and June 30, 1998, were 3,765,640 and 3,403,688,
respectively.


     Financial Condition

     The Company's working capital at June 30, 1999 was $3,342,467,
an increase of $70,992 from $3,271,475, the working capital at March
31, 1999.  The Company's current ratio was approximately 5.94 to 1.0
at June 30, 1999; it was approximately 5.8 to 1.0 at March 31, 1999.

     Net cash of $25,263 was used by operating activities during the
three months ended June 30, 1999 as compared to $235,736 generated
from such activities during the year earlier period.  This was
primarily due to increased accounts receivables due to increased
sales.  Net cash utilized by investing activities during the three
months ended June 30, 1999 was $15,950 as compared to $15,665 during
the year earlier period.  This use of cash was primarily to purchase
equipment.  Net cash utilized by financing activities during the
three months ended June 30, 1999 was $79,508 as compared to $19,235
during the year earlier period.  The primary uses of cash in the
current period was to reduce debt and acquire treasury shares.  As a
result of these activities, the Company's cash position decreased by
$120,721 during the current three months as compared to an increase
of $200,836 in the year ago period.


     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 Data 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
processes 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 2.   Changes in Securities and Use of Proceeds.

     (c)  Recent Sales of Unregistered Securities

     On May 10, 1999, the Company issued five-year incentive stock
options to purchase an aggregate of 70,500 shares of Common Stock to
an aggregate of 19 employees and consultants.  The options are
exercisable at a price equal to $1.625 per share of Common Stock,
that being the fair market value on the date of grant and is
exercisable at a rate of 25% per year commencing May 10, 2000.  In
addition, on May 10, 1999, the Company issued a five-year incentive
stock option to purchase 5,000 shares of Common Stock to a consultant
to the Company.  The option is exercisable at a price equal to $1.78
per share of Common Stock, that being 110% of the fair market value
on the date of grant and is exercisable at a rate of 25% per year.
On May 10, 1999, the Company issued a five-year non-incentive stock
option to purchase 25,000 shares of Common Stock to a key employee.
The option is immediately exercisable.


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. 33-16453 (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 June 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.
                                   (Registrant)



Dated:  August 9, 1999             By:s\ Richard S. Kalin
                                   Richard S. Kalin,
                                   President (Principal Executive
                                   and Financial Officer)