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 December 31, 1995

                               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 registrant 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                      
      (Registrant'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 December 31, 1995.

2,960,498 shares of common stock, par value $.01 per share.


                        MICRONETICS, INC.


                              INDEX


                                                  Page No.

Part I.  Financial Information

     Item 1.   Financial Statements

               Condensed Balance Sheets -
               December 31, 1995 and March             3-4
               31, 1995

               Condensed Statements of Operations-
               Three Months Ended December 31, 1995
               and 1994                                5

               Condensed Statements of Operations -    6
               Nine Months Ended December 31, 1995
               and 1994

               Condensed Statement of Cash Flows -     7-8
               Nine Months Ended December 31, 1995
               and 1994

               Notes to Condensed Financial            9
               Statements

     Item 2.   Management's Discussion and Analysis    10
               of Financial Condition and
               Results of Operations

Part II.  Other Information

     Item 6.   Exhibits and Reports on Form 8-K        11

               Signature                               12





                  PART I. FINANCIAL INFORMATION
<TABLE>
<CAPTION>
                    MICRONETICS WIRELESS, INC.
                     CONDENSED BALANCE SHEETS
                            (UNAUDITED)
                              Assets
                         --------------

                                    December 31,        March 31,
                                       1995               1995
                                   -----------------------------
<S>                                <C>                  <C>
Current assets:
 Cash                              $  144,831           $   288,015

Receivables
 Trade (net of allowance for
 doubtful accounts)                   702,632              555,246

Inventories (note 2)                  878,686              703,241

Insurance receivable                  596,376              574,662

Prepaid expenses and other 
 current assets                        22,536               24,126
                                     ---------           ---------

Total current assets                2,345,061            2,145,290

Property and equipment, net of
 accumulated depreciation and
 amortization                         410,619              426,417

Other assets                          179,672              114,209

Deferred tax asset                     92,000              150,000
                                    ---------            ---------

Total assets                       $3,027,352           $2,835,916  
                                    =========            =========

<CAPTION>
                    <PAGE>
MICRONETICS WIRELESS, INC.
                     CONDENSED BALANCE SHEETS
                            (UNAUDITED)
               Liabilities and Shareholders' Equity
          --------------------------------------------

                                    December 31,        March 31,
                                       1995               1995   
                                   -----------------------------
<S>                                 <C>                <C>
Current liabilities:

 Short term loans and capitalized
 leases                             $  70,696           $  74,643

 Accounts payable                     211,129             288,322

 Accrued expenses and taxes, other    149,673             134,570
  than income taxes                   

 Subordinated debentures              225,000               -0-

 Deferred sales                         -0-                19,200

 Income taxes payable                   3,235               3,973
                                    ---------           ---------
Total current liabilities             659,733             520,708

Long Term Debt:

Capitalized leases (less current      
 maturities included above);
 long term debt                       130,000             180,283

Subordinated debentures                 -0-               225,000

Shareholder's equity:                  
 Common stock                          29,605              28,447
 Additional paid - in capital       2,100,242           2,014,784
 Retained earnings (deficit)          107,772            (133,306)
                                   ----------           ---------
Total shareholders' equity          2,237,619           1,909,925
                                   ----------           ---------
Total liabilities and
shareholders' equity               $3,027,352          $2,835,916
                                   ==========           =========
<CAPTION>

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

          --------------------------------------------


                                3 Months Ended December 31,
                                      1995                  1994
                                --------------         ----------
<S>                                <C>                 <C>
Operating revenues                 $  905,467          $  502,751
                                   
Cost of operations                    545,257             381,158
                                    ---------           ---------
Gross profit                          360,210             121,593

Selling, general and
 administrative expenses              237,406             139,768

Research & development                 29,809                   0
                                    ---------           ---------
Operating income                       92,995             (18,175)

Other income (expense):
 Interest income                        1,062               1,500 
 Interest expense                      (9,500)            (10,326)
 Other income                            (534)                  0 
                                    ---------           ---------
          Total                        (8,972)             (8,826)
                                    ---------           ---------
Income before provision
 for income taxes                      84,023             (27,001)
                                    
Provision for income taxes             14,000                   0 
                                    ---------           ---------
Net income                             70,023             (27,001)
                                    =========           =========

Net income (loss) per share        $    0.02           $    (0.01)
                                    =========           =========
                                   
Weighted average number
 of shares outstanding              3,042,690           2,807,044
                                    ---------           ---------
<CAPTION>


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

          --------------------------------------------


                                9 Months Ended December 31,
                                      1995                  1994
                                --------------         ----------
<S>                                <C>                 <C>
Operating revenues                 $2,743,717          $1,874,527
                                   
Cost of operations                  1,625,288           1,372,959
                                    ---------           ---------
Gross profit                        1,118,434             501,568

Selling, general and
 administrative expenses              671,176              420,764

Research & Development                118,942
                                    ---------           ---------
Operating income                      328,316              80,804

Other income (expense):
 Interest income                        2,456               4,707
 Interest expense                     (29,846)            (28,066)
 Other income                          (1,848)                  0 
                                    ---------           ---------
          Total                       (29,239)            (23,359)
                                    ---------           ---------

Income before provision
 for income taxes                     299,077              57,445
                                    
Provision for income taxes             58,000                   0
                                    ---------           ---------
Net income                            241,077              57,445
                                    =========           =========

Net income per share                    $0.08          $     0.02
                                    =========           =========

Weighted average number
 of shares outstanding              3,210,655           2,807,044
                                    =========           =========
<CAPTION>


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

          --------------------------------------------
                                9 Months Ended December 31,
                                      1995                  1994
                                --------------         ----------
<S>                                <C>                   <C>                 
INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS:

Cash flows from operating          
 Activities:                                 

Net income                         $  241,077              57,445

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

Depreciation and amortization          85,500              72,815

Changes in assets and liabilities:
 (Increase) in accounts receivable, 
 prepaid expenses and other current 
 assets                              (341,240)            130,531

(Increase) decrease in security 
 deposits and other assets            (65,463)           (128,806)

Decrease in deferred tax asset         58,000

(Increase) in insurance receivable    (21,714)           (810,218)

(Decrease) increase in accounts    
 payable accrued liabilities,
 notes payable and other current 
 liabilities                          (62,828)            (80,390)

Increase in inventory reserve          20,000             750,000

Increase (decrease) in deferred
 sales                                (19,200)                  0
                                   -----------            --------
Net cash provided (utilized)
 by operating activities           $ (105,868)          $  (8,733)
                                    =========           ==========
<CAPTION>


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


                                9 Months Ended September 30,
                                      1995                  1994
                                --------------         ----------
<S>                                <C>                   <C>
INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS:

Cash Flows from Investment         
 Activities:                                 
  (Additions) to fixed assets      $  (69,702)         $  (58,733)
                                    ---------           ---------
Net cash provided (used) by
 investment activities                (69,702)            (58,733)
                                    ---------           ---------
Cash Flows from Financing
 Activities:
  (Reduction) increase of debt
  and capitalized leases              (54,230)            (53,664)

  Proceeds from stock options 
  exercised                            86,616              31,250
  
  Proceeds from issuance of common
   stock                                    0              59,367

  Proceeds from issuance of
  subordinated convertible 
  debentures                                0             225,000
                                    ---------           ---------
Net cash provided (used)
 by financing activities               32,386             261,953
                                    ---------           ---------
NET INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS                 (143,184)            194,487

Cash and cash equivalents, at
 beginning of year                    288,015             191,894
                                    ---------           ---------
CASH AND CASH EQUIVALENTS, AT
END OF QUARTER                     $  144,831             386,381
                                    =========           =========


<PAGE>
                    MICRONETICS, WIRELESS, INC.

            NOTES TO BE 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) necessary
          to present fairly the financial position as of
          December 31, 1995 and 1994, the results of
          operations for the three month and nine month
          periods ended December 31, 1995 and 1994 and
          cash flows for the nine month periods ended
          December 31, 1995 and 1994.

          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, 1995.

          The results of operations for the three and nine
          month periods ended December 31, 1995 are not
          necessarily indicative of the results of the
          full year.

Note 2.   Inventories are summarized below:

                          December 31, 1995       March 31, 1995

     Raw materials and
     work-in-process     $560,453                 $  596,095
     Finished goods       318,233                    107,146
     Total               $878,686                 $  703,241

Note 3.   The Company experienced a flood in November 1994.  A
          portion of the Company's inventory was damaged.  The
          Company believes it is fully insured for this loss.  
</TABLE>





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

     Results of Operations

     The Company had revenues of $905,467 and $502,751 for the three
months ended December 31, 1995 and 1994, respectively, an increase of
approximately $402,716 or 80% compared to the prior period.  The
Company had net income of $70,023 or $.02 per share, as compared with
a net loss of $27,001, or $.01 per share, for the three month periods
ended December 31, 1995 and 1994, respectively.  This is a positive
swing of $92,024.

     The Company had revenues of $2,743,717 and $1,874,527 for the
nine months ended December 31, 1995 and 1994, respectively, an
increase of $869,190 or 46% from the prior period.  The Company had
net income of $241,077 or $.08 per share, and $57,445, or $.02 per
share, for the nine month periods ended December 31, 1995 and 1994,
respectively.  This is an increase of $183,632 or 319%.

     Gross profit as a percent of net sales for the three and nine
month periods ended December 31, 1995 was 39.8% and 40.8%,
respectively, as compared to 24.2% and 26.8%, respectively, during
the corresponding periods of the prior fiscal year.  This is largely
due to a program of seeking larger gross profit margins on commercial
products.  Selling, general and administrative expenses ("SGA") as a
percent of net sales for the three months ended December 31, 1995 was
26.2% as compared to 27.8% in the prior year.  For the nine month
periods ended December 31, 1995 and 1994, SGA as a percent of net
sales increased to 24.5% from 22.4%.  The Company increased its SGA
expenditures by increasing its marketing activities related to the
introduction of its new commercial wireless product line.  This was
offset by increased sales in the most recent third quarter.

     Financial Condition

     The Company's working capital at December 31, 1995 was
$1,685,328.  It was $1,624,582 at March 31, 1995.  The Company's
current ratio was 3.6 to 1 at December 31, 1995 and 4.1 to 1 at March
31, 1995. 

     Net cash utilized from operations in the nine months ended
December 31, 1995 was $105,868 as compared to $8,733 in the prior
year.  This was largely due to increased working capital requirements
due to increased sales.  Net cash utilized from investment activities
was $69,702 during the nine months ended December 31, 1995 as
compared to $58,733 in the prior year.  Net cash provided by
financing activities was $32,386 during the nine months ended
December 31, 1995 as compared to $261,953 during the prior year.  









PART II - OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K

     (b)  During the quarter ended December 31, 1995, 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:  February 7, 1996           s\ Richard S. Kalin      
                                   Richard S. Kalin,
                                   President







micro\10-q-dec.95