<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
 
                                   FORM 10-Q
 
    (Mark One)
 
(X) QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934
 
    For the quarterly period ended June 29, 1997

( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934
 
    For the transition period from____________to____________
 
    Commission File Number: O-13715
 
                            VITRONICS CORPORATION
             (Exact name of registrant as specified in its charter)

   COMMONWEALTH OF MASSACHUSETTS                             04-2726873
  (State or other jurisdiction of                         (I.R.S. Employer
  incorporation or organization)                          Identification No.)

          1 Forbes Road, Newmarket, NH                          03857
    (Address of principal executive offices)                  (Zip Code)

 
        Registrant's telephone number, including area code (603) 659-6550
 
                                     NONE
              (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 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     
                                     -----       -----
 
    Number of shares outstanding of each of the registrant's classes of common
stock as of June 29, 1997:
 
    Common Stock, $.01 par value: 9,856,572 shares
 


<PAGE>


                             VITRONICS CORPORATION
 
                                     INDEX
 
<TABLE>
<CAPTION>
PART I--FINANCIAL INFORMATION:                                                     PAGE
------------------------------                                                     -----
<S>                                                                               <C>
Item 1--Financial Statements:

    Condensed Consolidated Balance Sheets - June 29, 1997 (unaudited)
    and December 31, 1996......................................................       3

    Condensed Consolidated Statements of Operations (unaudited) -  Three Months
    and Six Months Ended June 29, 1997 and June 29, 1996.......................       4

    Condensed Consolidated Statements of Cash Flows (unaudited)--Six Months
    Ended June 29, 1997 and June 29, 1996......................................       5

    Notes to Condensed Consolidated Financial Statements (unaudited)...........       6

    Calculation of Net Income Per Share--Three Months Ended June 29, 1997 and
    June 29, 1996..............................................................       7
   
    Calculation of Net Income Per Share--Six Months Ended June 29, 1997 and
    June 29, 1996..............................................................       8
                                                                                  
    Item 2--Management's Discussion and Analysis of Financial Condition and 
    Results of Operations.....................................................        9

Part II--Other Information

    Items 1 through 6.........................................................      11

    Signatures................................................................      12
</TABLE>
 
                                       2

<PAGE>

                    VITRONICS CORPORATION AND SUBSIDIARY
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                               (000's omitted)
 
<TABLE>
<CAPTION>
                                               JUNE 29,      DECEMBER 31,
                                                 1997           1996
                                              (UNAUDITED)       (*)
                                              ----------    -------------
<S>                                           <C>           <C>
ASSETS
Current assets:
  Cash and cash equivalents.................   $1,198          $2,125
  Accounts receivable, net..................    4,294           3,177
  Inventories...............................    3,272           2,989
  Deferred taxes............................      525             553
  Other current assets......................      146             225
                                                ------      ---------
    Total current assets....................    9,435           9,069

Property and equipment, net.................      378             437
Deferred taxes..............................      183             183
Other assets................................       89              74
                                               ------       ---------
                                              $10,085          $9,763
                                               ------       ---------
                                               ------       ---------
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Accounts payable..........................   $1,677          $1,341
  Income taxes payable......................      217             176
  Other current liabilities.................    1,404           1,753
  Current maturities of long-term                 
    liabilities.............................      196             214
                                               ------       ---------
    Total  current liabilities..............    3,494           3,484

Long-term liabilities, net of current         
  maturities................................       85             104

COMMITMENTS AND CONTINGENCIES

Stockholders' Equity:
  Common Stock, $.01 par value..............       99              99
  Additional paid-in capital................    6,145           6,145
  Foreign currency translation..............     (115)            (81)
  Retained earnings (deficit)...............      377              12
                                               ------        ---------
                                                6,506           6,175
                                               ------        ---------
                                              $10,085          $9,763
                                               ------        ---------
                                               ------        ---------
</TABLE>
 
------------------------
 
*   Condensed from audited financial statements
 
    The accompanying notes are an integral part of these condensed financial
statements.
 
                                       3

<PAGE>
                      VITRONICS CORPORATION AND SUBSIDIARY
 
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                (Unaudited)
                   (000's omitted except per share amounts)
 
<TABLE>
<CAPTION>
                                                                             
                                                                             THREE MONTHS ENDED        SIX MONTHS ENDED
                                                                          ------------------------  --------------------
                                                                           JUNE 29,     JUNE 29,    JUNE 29,   JUNE 29,
                                                                             1997         1996        1997       1996
                                                                          -----------  -----------  ---------  ---------
<S>                                                                       <C>          <C>          <C>        <C>
Net sales...............................................................   $   5,246    $   6,207   $  10,703  $  12,066
Cost of goods sold......................................................       3,156        3,918       6,579      7,436
                                                                          -----------  -----------  ---------  ---------
  Gross profit..........................................................       2,090        2,289       4,124      4,630

Selling, general and administrative expenses............................       1,279        1,501       2,802      2,943
Research and development costs..........................................         337          435         668        804
Patent Litigation.......................................................          26            7          65         27
                                                                          -----------  -----------  ---------  ---------
                                                                               1,642        1,943       3,535      3,774
                                                                          -----------  -----------  ---------  ---------
Income from operations..................................................         448          346         589        856

Non-operating expense--net..............................................          22          (12)         31         (7)
                                                                          -----------  -----------  ---------  ---------
Income before taxes.....................................................         426          358         558        863

Income taxes............................................................         140          143         193        345
                                                                          -----------  -----------  ---------  ---------
Net income..............................................................   $     286    $     215   $     365  $     518
                                                                          -----------  -----------  ---------  ---------
                                                                          -----------  -----------  ---------  ---------
Net earnings per common share:
  Primary...............................................................   $     .03    $     .02   $     .04  $     .05
                                                                          -----------  -----------  ---------  ---------
  Fully diluted.........................................................   $     .03    $     .02   $     .04  $     .05
                                                                          -----------  -----------  ---------  ---------
Weighted average number of common and common equivalent shares used in
  calculation of earnings per common share:
  Primary...............................................................       9,978       10,757      10,013     10,809
                                                                          -----------  -----------  ---------  ---------
  Fully diluted.........................................................      10,005       10,757      10,040     10,815
                                                                          -----------  -----------  ---------  ---------
                                                                          -----------  -----------  ---------  ---------
</TABLE>
 
    The accompanying notes are an integral part of these condensed financial
statements.
 
                                       4


<PAGE>
                   VITRONICS CORPORATION AND SUBSIDIARY 
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 
                               (Unaudited) 
                             (000's omitted)
 
<TABLE>
<CAPTION>
                                                                                                    SIX MONTHS ENDED
                                                                                                ------------------------
<S>                                                                                             <C>          <C>
                                                                                                 JUNE 29,     JUNE 29,
                                                                                                   1997         1996
                                                                                                -----------  -----------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income....................................................................................   $     365    $     518 
Adjustments to reconcile net income to net cash flows provided by (used for) operating
  activities:.................................................................................
    Depreciation and amortization.............................................................         117          105 
    Provision for excess and obsolescence.....................................................          27          118 
    Provision for bad debts...................................................................          12            3 
    Changes in current assets and liabilities:
      Accounts receivable.....................................................................      (1,129)        (771)
      Inventories.............................................................................        (310)        (246)
      Other current assets....................................................................          79           63 
      Accounts payable........................................................................         336         (222)
      Income taxes............................................................................          69          222 
      Other current liabilities...............................................................        (349)        (539)
                                                                                                -----------  -----------
        Total adjustments.....................................................................      (1,148)      (1,267)
                                                                                                -----------  -----------
  Net cash provided by/used for operating activities..........................................        (783)        (749)

CASH FLOWS FROM INVESTING ACTIVITIES:
  Additions to property and equipment.........................................................         (40)         (73)
  Additions to other assets...................................................................         (33)         (28)
                                                                                                -----------  -----------
  Net cash used for investing activities......................................................         (73)        (101)

CASH FLOWS FROM FINANCING ACTIVITIES:
  Payments of long-term debt..................................................................         (37)         (62)
  Issuance of common stock....................................................................          --           11 
                                                                                                -----------  -----------
  Net cash used for financing activities......................................................         (37)         (51)
  Foreign currency translation adjustment.....................................................         (34)          (3)
                                                                                                -----------  -----------
CASH:
  Net increase (decrease).....................................................................        (927)        (904)
  Balance, beginning period...................................................................       2,125        2,825 
                                                                                                -----------  -----------
  Balance, end of period......................................................................   $   1,198    $   1,921 
                                                                                                -----------  ----------- 
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
  Cash paid during the periods for:
    Interest..................................................................................          13           19 
    Income taxes..............................................................................         133          122 

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
  Capital lease obligations...................................................................          --           55 
</TABLE>

             The accompanying notes are an integral part of these 
                        condensed financial statements

                                       5

<PAGE>
                     VITRONICS CORPORATION AND SUBSIDIARIES

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
                                  (Unaudited)

A. BASIS PRESENTATION

    The accompanying unaudited condensed consolidated financial statements have
been prepared in accordance with generally accepted accounting principles for
interim financial information and pursuant to the rules and regulations of the
Securities and Exchange Commission. Accordingly, they do not include all of the
information and footnotes required by generally accepted accounting principles
for complete financial statements.

    In the opinion of management, all adjustments (consisting of only normal
recurring adjustments) considered necessary for a fair presentation have been
included. Operating results for the six month period ended June 29, 1997 are not
necessarily indicative of the results expected for the year ended December 31,
1997. For further information, refer to the Company's consolidated financial
statements and notes thereto contained in the Company's Form 10-K for the year
ended December 31, 1996, filed with the Securities and Exchange Commission (File
#0-13715) on March 28, 1997.

B. INVENTORIES

    Inventories valued at the lower of cost (determined using the first-in,
first-out method) or market, were as follows (in thousands):



                                                     JUNE 29,    DECEMBER 31,
                                                       1997          1996
                                                   -----------  -------------

Finished Goods..................................   $     763     $     833
Work in process.................................         918           663
Raw materials...................................       1,591         1,493
                                                   -----------  --------------
                                                   $   3,272     $   2,989
                                                   -----------   -------------
                                                   -----------   -------------


                                       6

<PAGE>
                     VITRONICS CORPORATION AND SUBSIDIARIES

                  CALCULATION OF NET EARNINGS PER COMMON SHARE

           FOR THE THREE MONTHS ENDED JUNE 29, 1997 AND JUNE 29, 1996



                                                          JUNE 29, 1997
                                                    ------------------------ 
                                                                     FULLY
                                                      PRIMARY       DILUTED
                                                    ----------   ------------
Net income........................................  $  286,000   $    286,000
Weighted average shares outstanding:
  Common stock....................................   9,856,572      9,856,572
  Stock options...................................     121,137        148,066
                                                    ----------   ------------
  Weighted average shares outstanding.............   9,977,709     10,004,638
                                                    ----------   ------------
                                                    ----------   ------------

Earnings per share................................  $      .03   $        .03
                                                    -----------  ------------
                                                    -----------  ------------


                                                          JUNE 29, 1996
                                                    -------------------------
                                                                    FULLY
                                                     PRIMARY       DILUTED
                                                    ----------   ------------
Net income.......................................  $    215,000  $    215,000
Weighted average shares outstanding:
Common stock.....................................    10,319,619    10,319,619
Stock options....................................       437,806       437,806
                                                   ------------  ------------
Weighted average shares outstanding..............    10,757,425    10,757,425
                                                   ------------  ------------
                                                   ------------  ------------

Earnings per share..... .........................  $        .02  $        .02


                                       7

<PAGE>
                     VITRONICS CORPORATION AND SUBSIDIARIES

                  CALCULATION OF NET EARNINGS PER COMMON SHARE

            FOR THE SIX MONTHS ENDED JUNE 29, 1997 AND JUNE 29, 1996


                                                            JUNE 29, 1997
                                                      ------------------------

                                                                       FULLY
                                                        PRIMARY       DILUTED
                                                     ------------  -----------
Net income.... ..................................    $    365,000  $   365,000
Weighted average shares outstanding:
Common stock.....................................       9,856,572    9,856,572
Stock options....................................         156,869      183,238
                                                     ------------  -----------
Weighted average shares outstanding..............      10,013,441   10,039,810
                                                     ------------  -----------
                                                     ------------  -----------

Earnings per share...............................    $        .04  $       .04
                                                     ------------  -----------
                                                     ------------  -----------




                                                            JUNE 29, 1996
                                                     -------------------------
                                                                      FULLY
                                                        PRIMARY      DILUTED
                                                     ------------  -----------
Net income.......................................    $    518,000  $   518,000
Weighted average shares outstanding:
Common stock.....................................      10,316,735   10,316,735
Stock options....................................         492,309      498,722
                                                     ------------  -----------
Weighted average shares outstanding..............      10,809,044   10,815,457
                                                     ------------  -----------
                                                     ------------  -----------

Earnings per share...............................    $        .05  $        .05

                                       8



<PAGE>
                     VITRONICS CORPORATION AND SUBSIDIARIES
 
               MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
 
                      CONDITION AND RESULTS OF OPERATIONS
 
RESULTS OF OPERATIONS
 
    Sales for the quarter ended June 29, 1997 were $5,246,000 compared with
$6,207,000 for the same period in 1996, a decrease of 15%. Sales for the six
months ended June 29, 1997 were $10,703,000 compared with $12,066,000 for the
same period of 1996, a decrease of 11%. Bookings for the three months ended June
29, 1997 were $6,402,000 versus $6,059,000 for the same period in 1996, an
increase of 6%. Bookings for the six months ended June 29, 1997 were $12,290,000
versus $12,665,000 for the same period of 1996, a decrease of 3%. The Company
does not anticipate that the percentage change in net revenue and bookings for
the three month and six month periods ended June 29, 1997 are necessarily
indicative of the percentage change in net revenues and bookings to be expected
for the entire fiscal year. Backlog as of June 29, 1997 was $3,571,000 versus
$1,984,000 at December 31, 1996, and $3,446,000 as of June 29, 1996.
 
    Gross margin for the three months ended June 29, 1997 increased to 40% from
37% for the same period in 1996. The increase in gross margin percentage for the
1997 quarter was a result of a stabilization of SELECTSeries -TM- costs during
the second quarter. For the six month period ended June 29, 1997, there was no
change in the gross margin percentage of 38% versus the same period in 1996.
 
    Operating expenses for the three months ended June 29, 1997 were $1,642,000
versus $1,943,000 for the same period in 1996, a decrease of 15%. Operating
expenses as a percentage of sales were the same for the respective three month
periods at 31%. Operating expenses for the six months ended June 29, 1997 were
$3,535,000 versus $3,774,000 for the same period in 1996, a decrease of 6%.
Operating expenses as a percentage of sales were 33% and 31% for the respective
six month periods. The decrease in actual expenses is the result of lower
commissions due to lower sales and management's efforts to improve efficiencies
and reduce headcount during the second quarter.
 
    For the second quarter of 1997, selling, general and administrative expenses
as a percentage of sales were 24% versus 24% in 1996. Research and development
expenses as a percentage of sales for such periods were 6% in 1997, and 7% in
1996. For the six months ended June 29, 1997, selling, general and
administrative expenses as a percentage of sales were 26% as compared to 24% in
1996. Research and development expenses as a percentage of sales were 6% in 1997
and 7% in 1996.
 
    Expenses relating to the Company's patent infringement lawsuit were $26,000
for the three months ended June 29, 1997, as compared to $7,000 for the
comparable 1996 period. Expenses for the six month period ending June 29, 1997
were $65,000 as compared to $27,000 for the comparable 1996 period.
 
    The Company had non-operating expense, net of $22,000 for the three months
ended June 29, 1997, compared with non-operating income, net of $12,000 for the
comparable period in 1996. During the first six months of 1997, the Company had
non-operating expense, net of $31,000 compared to non- operating income, net of
$7,000 for the comparable 1996 period. The increase in expense is primarily due
to lower interest income in 1997 due to lower cash balances.
 
                                           9

<PAGE>

    The Company recorded tax expense of $140,000 for the quarter ended June 29,
1997, as compared to $143,000 for the comparable quarter of 1996. For the six
month period ended June 29, 1997, the Company had income tax expense of $193,000
as compared to $345,000 for the same period in 1996. This was the result of
lower pre-tax income for the six month period ended June 29, 1997 and a tax
refund recently received for the 1995 tax year.

    Net income for the second quarter of 1997 was $286,000, compared to $215,000
for the comparable period of 1996. For the second quarter of 1997, net income
was $0.03 per primary share, and $0.03 per fully diluted share. For the
comparable 1996 period, net income was $0.02 per primary share, and $0.02 per
fully diluted share. Net income for the six month period ended June 29, 1997 was
$365,000 compared to $518,000 for the same period in 1996. For the first six
months of 1997, net income was $0.04 per primary share, and $0.04 per fully
diluted share. For the comparable 1996 period, net income was $.05 per primary
share, and $.05 per fully diluted share.
 
LIQUIDITY AND CAPITAL RESOURCES
 
    The Company continues to monitor its operations spending levels very closely
with the goal of cash conservation. During the six months ended June 29, 1997,
cash decreased $927,000 to $1,198,000. This decrease was primarily due to an
increase in the Company's inventory and accounts receivable levels.
 
    The Company has reviewed its capital spending budget for the remainder of
1997 and expects to finance its capital equipment acquisition through lease
financing. The Company believes that its current cash balances and cash from
operations will be adequate to meet the Company's working capital requirements
during the year.
 
                                       10
<PAGE>
                     VITRONICS CORPORATION AND SUBSIDIARIES
 
                                    PART II
 
                               OTHER INFORMATION
 
ITEMS 1 THROUGH 4: NOT APPLICABLE
 
ITEM 5: OTHER INFORMATION
 
    NONE
 
ITEM 6:
 
    (a). Exhibits 
            27 Financial Data Schedule
 
    (b). Reports on Form 8-K
            None
 
                                       11

<PAGE>
                                   SIGNATURES
 
    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. 


                                   VITRONICS CORPORATION 


Date: August 12, 1997              By: /s/ James J. Manfield, Jr. 
                                       --------------------------
                                       James J. Manfield, Jr.
                                       Chairman of the Board, 
                                       President, Chief Executive Officer, 
                                       Chief Financial Officer, 
                                       and Treasurer 


Date: August 12, 1997              By: /s/ Daniel J. Sullivan 
                                       ---------------------------
                                       Daniel J. Sullivan,
                                       Vice President, Controller and 
                                       Principal Accounting Officer
 
                                       12