UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-Q

Quarterly Report Pursuant to Section 13 OR 15(d) of the Securities Exchange
Act of 1934.

For the quarterly period ended                 March 31, 2010

Commission file number                         0-10976

MICROWAVE FILTER COMPANY, INC.
(Exact name of registrant as specified in its charter.)

 New York                          16-0928443
(State of Incorporation)     (I.R.S. Employer Identification Number)

6743 Kinne Street, East Syracuse, N.Y.           13057
(Address of Principal Executive Offices)       (Zip Code)

Registrant's telephone number, including area code:  (315) 438-4700

  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____

  Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive Data File
required to be submitted and posted pursuant to Rule 405 of Regulation S-T
(Section 232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such
files).
  YES ____  NO____
(The Registrant is not yet required to submit Interactive Data)

  Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, a non-accelerated filer or a smaller reporting company
(as defined in Rule 12b-2 of the Exchange Act).

Large accelerated filer ______
Accelerated filer ______
Non-accelerated filer ______ (Do not check if smaller reporting company)
Smaller reporting company ____X____.

  Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).  YES ____  NO__X__

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

  Common Stock, $.10 Par Value -    2,592,818 shares as of May 3, 2010.

<PAGE>
                       PART I. - FINANCIAL INFORMATION

                         MICROWAVE FILTER COMPANY, INC.
                          CONSOLIDATED BALANCE SHEETS

(Amounts in thousands)
                               March 31, 2010       September 30, 2009
                                (Unaudited)

Assets

Current Assets:

Cash and cash equivalents           $ 1,278                $ 1,476
Accounts receivable-trade, net          395                    248
Inventories                             603                    604
Prepaid expenses and other
 current assets                         101                    107
                                    -------                -------

Total current assets                  2,377                  2,435

Property, plant and equipment, net      469                    398
                                    -------                -------

Total assets                        $ 2,846                $ 2,833
                                    =======                =======

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable                    $   151                $   144
Customer deposits                        27                     33
Accrued federal and state income
 taxes payable                            2                      2
Accrued payroll and related
 expenses                                88                     61
Accrued compensated absences            266                    278
Other current liabilities                37                     34
                                    -------                -------

Total current liabilities               571                    552
                                    -------                -------

Total liabilities                       571                    552
                                    -------                -------

Stockholders' Equity:

Common stock,$.10 par value             432                    432
Additional paid-in capital            3,249                  3,249
Retained earnings                       279                    284
                                    -------                -------

                                      3,960                  3,965
Common stock in treasury,
 at cost                             (1,685)                (1,685)
                                    -------                -------

Total stockholders' equity            2,275                  2,281
                                    -------                -------

Total liabilities and
 stockholders' equity               $ 2,846                $ 2,833
                                    =======                =======

<FN>
See Accompanying Notes to Consolidated Financial Statements

<PAGE>

                      MICROWAVE FILTER COMPANY, INC.
                  CONSOLIDATED STATEMENTS OF OPERATIONS
                   FOR THE THREE MONTHS AND SIX MONTHS
                      ENDED MARCH 31, 2010 AND 2009
                              (Unaudited)

(Amounts in thousands, except per share data)

                                Three months ended         Six months ended
                                     March 31                   March 31
                                2010          2009         2010         2009


Net sales                      $1,094        $1,223       $2,229       $2,473

Cost of goods sold                732           807        1,446        1,628
                               ------        ------       ------       ------
Gross profit                      362           416          783          845

Selling, general and
 administrative expenses          383           383          792          825
                               ------        ------       ------       ------
(Loss) income from
  operations                      (21)           33           (9)          20

Other income (net),
  principally interest              2             4            4           10
                               ------        ------       ------       ------

(Loss) income before
  income taxes                    (19)           37           (5)          30

Provision for income
  taxes                             0             0            0            0
                               ------        ------       ------       ------

NET (LOSS) INCOME                ($19)          $37          ($5)         $30
                               ======        ======       ======       ======
Per share data:

Basic (loss) earnings
   per share                   ($0.01)        $0.01        $0.00        $0.01
                               ======        ======       ======       ======
Diluted (loss) earnings
   per share                   ($0.01)        $0.01        $0.00        $0.01
                               ======        ======       ======       ======
Shares used in computing
   net (loss) earnings per share:
   Basic                        2,593         2,595        2,593        2,631
   Diluted                      2,593         2,595        2,593        2,631


<FN>
See Accompanying Notes to Consolidated Financial Statements

<PAGE>
                         MICROWAVE FILTER COMPANY, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                FOR THE SIX MONTHS ENDED MARCH 31, 2010 AND 2009
                                 (Unaudited)

(Amounts in thousands)


                                         Six months ended
                                             March 31
                                         2010        2009


Cash flows from operating
 activities:

Net (loss) income                        $ (5)       $ 30

Adjustments to reconcile
 net (loss) income to net
 cash (used in) provided by
 operating activities:
Depreciation and amortization              47          41

Change in assets and liabilities:
Accounts receivable                      (147)        (79)
Inventories                                 1         (13)
Prepaid expenses & other
 assets                                     6          (3)
Accounts payable & accrued
 expenses                                  24          15
Customer deposits                          (6)          5
                                        -----       -----
Net cash (used in) provided by
 operating activities                     (80)         (4)
                                        -----       -----

Cash flows from investing
activities:
Capital expenditures                     (118)        (87)
                                        -----       -----
Net cash (used in) provided by
 investing activities                    (118)        (87)
                                        -----       -----

Cash flows from financing
activities:
Purchase of treasury stock                  0        (154)
                                        -----       -----
Net cash (used in) provided by
 financing activities                       0        (154)
                                        -----       -----

(Decrease) increase in cash
 and cash equivalents                    (198)       (245)


Cash and cash equivalents
 at beginning of period                 1,476       1,417
                                        -----       -----

Cash and cash equivalents
 at end of period                      $1,278      $1,172
                                        =====       =====

<FN>

See Accompanying Notes to Consolidated Financial Statements

<PAGE>

                   MICROWAVE FILTER COMPANY, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                        MARCH 31, 2010


Note 1. Summary of Significant Accounting Policies

  The accompanying unaudited condensed consolidated financial statements have
been prepared in accordance with generally accepted accounting principles for
interim financial information and with the instructions to Form 10-Q and
Regulation S-K. 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 normal recurring accruals) considered necessary for a fair
presentation have been included. The operating results for the six month
period ended March 31, 2010 are not necessarily indicative of the results that
may be expected for the year ended September 30, 2010. For further
information, refer to the consolidated financial statements and notes thereto
included in the Company's Annual Report on Form 10K for the year ended
September 30, 2009.



Note 2. Industry Segment Data

  The Company's primary business segment involves the operations of Microwave
Filter Company, Inc. (MFC) which designs, develops, manufactures and sells
electronic filters, both for radio and microwave frequencies, to help process
signal distribution and to prevent unwanted signals from disrupting transmit
or receive operations. Markets served include cable television, television and
radio broadcast, satellite broadcast, mobile radio, commercial communications
and defense electronics.


Note 3. Inventories

  Inventories are stated at the lower of cost determined on the first-in,
first-out method or market.

  Inventories net of reserve for obsolescence consisted of the following:

  (thousands of dollars)             March 31, 2010     September 30, 2009

Raw materials and stock parts              $494                 $500
Work-in-process                              34                   24
Finished goods                               75                   80
                                           ----                 ----
                                           $603                 $604
                                           ====                 ====

  The Company's reserve for obsolescence equaled $401,321 at March 31,
2010 and September 30, 2009.

<PAGE>
Note 4. Income Taxes

  The Company accounts for income taxes under FASB ASC 740-10 (Prior
Authoritative Literature: Statement of Financial Accounting Standards (SFAS)
No. 109, Accounting for Income Taxes). Deferred tax assets and liabilities are
based on the difference between the financial statement and tax basis of
assets and liabilities as measured by the enacted tax rates which are
anticipated to be in effect when these differences reverse. The deferred tax
provision is the result of the net change in the deferred tax assets and
liabilities.  A valuation allowance is established when it is necessary to
reduce deferred tax assets to amounts expected to be realized. The Company has
provided a full valuation allowance against its deferred tax assets.

  The Company adopted FASB ASC 740-10 (Prior Authoritative Literature: FASB
Interpretation No. 48, Accounting for Uncertainty in Income Taxes - An
Interpretation of FASB Statement No. 109 (FIN 48) as of October 1, 2007. FASB
ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized
in an entity's financial statements  and prescribes a recognition threshold
and measurement attributes for financial statement disclosure of tax position
taken or expected to be taken on a tax return. Additionally, it provides
guidance on derecognition, classification, interest and penalties, accounting
in interim periods, disclosure and transition. No adjustments were required
upon adoption.


Note 5. Legal Matters

  The State of New York Workers' Compensation Board has commenced an action
against Microwave Filter Company, Inc. to recover for an underfunded self
insured program that Microwave Filter Company, Inc. participated in. Due to
the relatively short period of time Microwave Filter Company, Inc.
participated in the program and the limited amount of potential exposure, we
do not expect the resolution of this action will have a material adverse
effect on our financial condition, results of operations or cash flows.


Note 6. Recent Pronouncements

  In January 2010, the Financial Accounting Standards Board (FASB) issued
Accounting Standards Update (ASU) No. 2010-06, Improving Disclosures about
Fair Value Measurements (ASU 2010-06), which amends ASC 820, Fair Value
Measurements (ASC 820) to add new requirements for disclosures about
significant transfers into and out of Levels 1 and 2 and separate disclosures
about purchases, sales, issuances and settlements relating to Level 3
measurements. ASU 2010-06 also clarifies existing fair value disclosures about
the level of disaggregation and about inputs and valuation techniques used to
measure fair value. Further, ASU 2010-06 amends guidance on employers'
disclosures about postretirement benefit plan assets under Subtopic 20 of ASC
715, Compensation - Retirement Benefits (ASC 715) to require that disclosures
be provided by classes of assets instead of by major categories of assets.
This ASU became effective for the Company on January 1, 2010, except for the
requirement to provide Level 3 activity of purchases, sales, issuances and
settlements on a gross basis, which will be effective for the Company on
January 1, 2011. The adoption of this pronouncement did not have an impact on
the Company's financial statements.

<PAGE>

Note 7. Fair Value of Financial Instruments

  The carrying values of the Company cash and cash equivalents, accounts
receivable and accounts payable approximate fair value because of the short
maturity of those instruments.

  The Company currently does not trade in or utilize derivative financial
instruments.

<PAGE>

                    MICROWAVE FILTER COMPANY, INC.

                     MANAGEMENT'S DISCUSSION AND
                 ANALYSIS OF FINANCIAL CONDITION AND
                        RESULTS OF OPERATIONS


  Microwave Filter Company, Inc. operates primarily in the United States and
principally in one industry. The Company extends credit to business customers
based upon ongoing credit evaluations. Microwave Filter Company, Inc. (MFC)
designs, develops, manufactures and sells electronic filters, both for radio
and microwave frequencies, to help process signal distribution and to prevent
unwanted signals from disrupting transmit or receive operations. Markets
served include cable television, television and radio broadcast, satellite
broadcast, mobile radio, commercial communications and defense electronics.


Critical Accounting Policies


  The Company's consolidated financial statements are based on the application
of generally accepted accounting principles (GAAP).  GAAP requires the use of
estimates, assumptions, judgments and subjective interpretations of accounting
principles that have an impact on the assets, liabilities, revenue and expense
amounts  reported.  The Company believes its use of estimates and underlying
accounting assumptions adhere to GAAP and are consistently applied. Valuations
based on estimates are reviewed for reasonableness and adequacy on a
consistent  basis  throughout  the  Company. Primary areas where financial
information of the Company is subject to the use of estimates, assumptions and
the application  of judgment include revenues, receivables, inventories, and
taxes. Note 1 to the consolidated financial statements in our Annual Report on
Form 10-K for the fiscal year ended September 30, 2009 describes the
significant accounting policies used in preparation of the consolidated
financial statements. The most significant areas involving management
judgments and estimates are described below and are considered by management
to be critical to understanding the financial condition and results of
operations of the Company.

  Revenues from product sales are recorded as the products are shipped and
title and risk of loss have passed to the customer, provided that no
significant vendor or post-contract support obligations remain and the
collection of the related receivable is probable. Billings in advance of the
Company's performance of such work are reflected as customer deposits in the
accompanying consolidated balance sheet.

  Allowances for doubtful accounts are based on estimates of losses related to
customer receivable balances. The establishment of reserves requires the use
of judgment and assumptions regarding the potential for losses on receivable
balances.

  The Company's inventories are stated at the lower of cost determined on the
first-in, first-out method or market.  The Company uses certain estimates and
judgments and considers several factors including product demand and changes
in technology to provide for excess and obsolescence reserves to properly
value inventory.

<PAGE>

  The Company established a warranty reserve which provides for the estimated
cost of product returns based upon historical experience and any known
conditions or circumstances. Our warranty obligation is affected by product
that does not meet specifications and performance requirements and any related
costs of addressing such matters.

  The Company accounts for income taxes under FASB ASC 740-10 (Prior
Authoritative Literature: Statement of Financial Accounting Standards (SFAS)
No. 109, Accounting for Income Taxes). Deferred tax assets and liabilities are
based on the difference between the financial statement and tax basis of
assets and liabilities as measured by the enacted tax rates which are
anticipated to be in effect when these differences reverse. The deferred tax
provision is the result of the net change in the deferred tax assets and
liabilities.  A valuation allowance is established when it is necessary to
reduce deferred tax assets to amounts expected to be realized. The Company has
provided a full valuation allowance against its deferred tax assets.

<PAGE>

RESULTS OF OPERATIONS


THREE MONTHS ENDED MARCH 31, 2010 vs. THREE MONTHS ENDED MARCH 31, 2009
The following table sets forth the Company's net sales by major product
group for the three months ended March 31, 2010 and 2009.


Product group (in thousands)          Fiscal 2010    Fiscal 2009

Microwave Filter (MFC):
  Cable TV                               $  296         $  406
  RF/Microwave                              406            394
  Satellite                                 350            392
  Broadcast TV                               42             30
Niagara Scientific (NSI)                      0              1
                                         ------         ------
  Total                                  $1,094         $1,223
                                         ======         ======
Sales backlog at 3/31                    $  679         $  285
                                         ======         ======

  Net sales for the three months ended March 31, 2010 equaled $1,093,697, a
decrease of $129,704 or 10.6%, when compared to net sales of $1,223,401 for
the three months ended March 31, 2009.

  MFC's Cable TV product sales decreased $110,537 or 27.2% to $295,576 for the
three months ended March 31, 2010 when compared to Cable TV product sales of
$406,113 during the same period last year. Management continues to project a
decrease in demand for Cable TV products due to the shift from analog to
digital television. Due to the inherent nature of digital modulation versus
analog modulation, fewer filters will be required. The Company has developed
filters for digital television and there will still be requirements for analog
filters for limited applications in commercial and private cable systems. The
demand for these filters is unknown at this time but is expected to decline.

  MFC's RF/Microwave product sales increased $11,845 or 3% to $405,524 for the
three months ended March 31, 2010 when compared to RF/Microwave product sales
of $393,679 during the same period last year. MFC's RF/Microwave products are
sold primarily to original equipment manufacturers (OEMs) that serve the
mobile radio, commercial communications and defense electronics markets. The
Company continues to invest in production engineering and infrastructure
development to penetrate OEM (Original Equipment Manufacturer) market segments
as they become popular. MFC is concentrating its technical resources and
product development efforts toward potential high volume customers as part of
a concentrated effort to provide substantial long-term growth.

  MFC's Satellite product sales decreased $42,497 or 10.8% to $349,928 for the
three months ended March 31, 2010 when compared to Satellite product sales of
$392,425 during the same period last year. The decrease can be attributed to a
decrease in demand for the Company's filters which suppress strong out-of-band
interference caused by military and civilian radar systems and other sources.
Management attributes the decrease in demand to the global economic
conditions.

<PAGE>

  MFC's Broadcast TV/Wireless Cable product sales increased $12,589 or 42.3%
to $42,384 for the three months ended March 31, 2010 when compared to sales of
$29,795 during the same period last year. The increase can be attributed to an
increase in demand for UHF Broadcast products which are primarily sold to
system integrators for rural communities.

  MFC's sales order backlog equaled $679,401 at March 31, 2010 compared to
sales order backlog of $389,684 at December 31, 2009. However, backlog is not
necessarily indicative of future sales. Accordingly, the Company does not
believe that its backlog as of any particular date is representative of actual
sales for any succeeding period. Approximately 87% of the total sales order
backlog at March 31, 2010 is scheduled to ship by September 30, 2010.

  Gross profit for the three months ended March 31, 2010 equaled $362,147, a
decrease of $53,546 or 12.9%, when compared to gross profit of $415,693 for
the three months ended March 31, 2009. The decrease in gross profit can
primarily be attributed to the lower sales volume this year when compared to
the same period last year. As a percentage of sales, gross profit equaled
33.1% for the three months ended March 31, 2010 compared to 34.0% for the
three months ended March 31, 2009.

  Selling, general and administrative (SGA) expenses for the three months
ended March 31, 2010 equaled $383,271, an increase of $383 or 0.1%, when
compared to SG&A expenses of $382,888 for the three months ended March 31,
2009. As a percentage of sales, SGA expenses increased to 35.0% for the three
months ended March 31, 2010 compared to 31.3% for the three months ended March
31, 2009 primarily due to the lower sales volume this year when compared to
the same period last year.

  The Company recorded a loss from operations of $21,124 for the second
quarter ended March 31, 2010 compared to income from operations of $32,805 for
the three months ended March 31, 2009. The decrease in operating income can
primarily be attributed to the lower sales volume this year when compared to
the same period last year.

  Other income for the three months ended March 31, 2010 equaled $1,896, a
decrease of $2,437 when compared to other income of $4,333 for the three
months ended March 31, 2009. Other income is primarily interest income earned
on invested cash balances. The decrease in other income can primarily be
attributed to the decrease in invested cash balances and lower market interest
rates when compared to last year. Other income may fluctuate based on market
interest rates and levels of invested cash balances.

  The provision (benefit) for income taxes equaled $0 for the three months
ended March 31, 2010 and March 31, 2009. Any benefit for losses has been
subject to a valuation allowance since the realization of the deferred tax
benefit is not considered more likely than not.

<PAGE>

SIX MONTHS ENDED MARCH 31, 2010 vs. SIX MONTHS ENDED MARCH 31, 2009
The following table sets forth the Company's net sales by major product
group for the six months ended March 31, 2010 and 2009.


Product group (in thousands)          Fiscal 2010    Fiscal 2009

Microwave Filter (MFC):
  Cable TV                               $  701         $  827
  RF/Microwave                              684            680
  Satellite                                 722            881
  Broadcast TV                              119             80
Niagara Scientific (NSI)                      3              5
                                         ------         ------
    Total                                $2,229         $2,473
                                         ======         ======
Sales backlog at 3/31                    $  679         $  285
                                         ======         ======


  Net sales for the six months ended March 31, 2010 equaled $2,228,755, a
decrease of $244,349 or 9.9%, when compared to net sales of $2,473,104 for the
six months ended March 31, 2009.

  MFC's Cable TV product sales decreased $125,837 or 15.2% to $701,515 for the
six months ended March 31, 2010 when compared to Cable TV product sales of
$827,352 during the six months ended March 31, 2009. Management continues to
project a decrease in demand for Cable TV products due to the shift from
analog to digital television. Due to the inherent nature of digital modulation
versus analog modulation, fewer filters will be required. The Company has
developed filters for digital television and there will still be requirements
for analog filters for limited applications in commercial and private cable
systems. The demand for these filters is unknown at this time but is expected
to decline.

  MFC's RF/Microwave product sales increased $3,748 or 0.6% to $683,520 for
the six months ended March 31, 2010 when compared to RF/Microwave product
sales of $679,772 during the same period last year. MFC's RF/Microwave
products are sold primarily to original equipment manufacturers (OEMs) that
serve the mobile radio, commercial communications and defense electronics
markets. The Company continues to invest in production engineering and
infrastructure development to penetrate OEM (Original Equipment Manufacturer)
market segments as they become popular. MFC is concentrating its technical
resources and product development efforts toward potential high volume
customers as part of a concentrated effort to provide substantial long-term
growth.

  MFC's Satellite product sales decreased $159,596 or 18.1% to $721,727 for
the six months ended March 31, 2010 when compared to satellite product sales
of $881,323 during the same period last year. The decrease can be attributed
to a decrease in demand for the Company's filters which suppress strong out-
of-band interference caused by military and civilian radar systems and other
sources. Management attributes the decrease in sales to the global economic
conditions.

<PAGE>

  MFC's Broadcast TV/Wireless Cable product sales increased $39,236 or 49.2%
to $118,915 for the six months ended March 31, 2010 when compared to sales of
$79,679 during the same period last year. The increase can be attributed to an
increase in demand for UHF Broadcast products which are primarily sold to
system integrators for rural communities.

  MFC's sales order backlog equaled $679,401 at March 31, 2010 compared to
sales order backlog of $479,861 at September 30, 2009. However, backlog is not
necessarily indicative of future sales. Accordingly, the Company does not
believe that its backlog as of any particular date is representative of actual
sales for any succeeding period. Approximately 87% of the total sales order
backlog at March 31, 2010 is scheduled to ship by September 30, 2010.

  Gross profit for the six months ended March 31, 2010 equaled $782,746, a
decrease of $61,955 or 7.3%, when compared to gross profit of $844,701 for the
six months ended March 31, 2009. The decrease can primarily be attributed to
the lower sales volume this year when compared to the same period last year.
As a percentage of sales, gross profit equaled 35.1% for the six months ended
March 31, 2010 compared to 34.2% for the six months ended March 31, 2009. The
increase in gross profit as a percentage of sales can be attributed to lower
direct material costs as a percentage of sales this year when compared to the
same period last year primarily due to product sales mix.

  SG&A expenses for the six months ended March 31, 2010 equaled $791,641, a
decrease of $33,486 or 4.1%, when compared to SG&A expenses of $825,127 for
the six months ended March 31, 2009. As a percentage of sales, SGA expenses
increased to 35.5% for the six months ended March 31, 2010 compared to 33.4%
for the six months ended March 31, 2009 primarily due to the lower sales
volume this year when compared to the same period last year.

  The Company recorded a loss from operations of $8,895 for the six months
ended March 31, 2010 compared to income from operations of $19,574 for the six
months ended March 31, 2009. The decrease can primarily be attributed to the
lower sales volume this year when compared to the same period last year.

  Other income for the six months ended March 31, 2010 equaled $3,751, a
decrease of $6,220, when compared to other income of $9,971 for the six months
ended March 31, 2009. Other income is primarily interest income earned on
invested cash balances. The decrease in other income can primarily be
attributed to the decrease in invested cash balances and lower market interest
rates when compared to last year. Other income may fluctuate based on market
interest rates and levels of invested cash balances.

  The provision (benefit) for income taxes equaled $0 for the six months ended
March 31, 2010 and March 31, 2009. Any benefit for losses has been subject to
a valuation allowance since the realization of the deferred tax benefit is not
considered more likely than not.

<PAGE>

Off-Balance Sheet Arrangements

  At March 31, 2010 and 2009, the Company did not have any unconsolidated
entities or financial partnerships, such as entities often referred to as
structured finance or special purpose entities, which might have been
established for the purpose of facilitating off-balance sheet arrangements.


LIQUIDITY and CAPITAL RESOURCES

                              Mar. 31, 2010       Sep. 30, 2009

Cash & cash equivalents         $1,278,064          $1,476,318
Working capital                 $1,806,510          $1,882,933
Current ratio                    4.16 to 1           4.41 to 1
Long-term debt                     $     0             $     0


  Cash and cash equivalents decreased $198,254 to $1,278,064 at March 31, 2010
when compared to cash and cash equivalents of $1,476,318 at September 30,
2009.  The decrease was a result of $80,086 in net cash used in operating
activities, $117,787 in net cash used for capital expenditures and $381 in net
cash used to purchase treasury stock.

  The increase in accounts receivable of $147,775 at March 31, 2010 when
compared to September 30, 2009 can primarily be attributed to the increase in
shipments during the month of March 2010 when compared to the month of
September 2009.

  At March 31, 2010, the Company had unused aggregate lines of credit totaling
$750,000 collateralized by all inventory, equipment and accounts receivable.

  Management believes that its working capital requirements for the forseeable
future will be met by its existing cash balances, future cash flows from
operations and its current credit arrangements.

<PAGE>

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
--------------------------------------------------------------------------------

  In an effort to provide investors a balanced view of the Company's current
condition and future growth opportunities, this Quarterly Report on Form 10-Q
includes comments by the Company's management about future performance. These
statements which are not historical information are "forward-looking
statements" pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These, and other forward-looking statements,
are subject to business and economic risks and uncertainties that could cause
actual results to differ materially from those discussed. These risks and
uncertainties include, but are not limited to: risks associated with demand
for and market acceptance of existing and newly developed products as to which
the Company has made significant investments; general economic and industry
conditions; slower than anticipated penetration into the satellite
communications, mobile radio and commercial and defense electronics markets;
competitive products and pricing pressures; increased pricing pressure from
our customers; risks relating to governmental regulatory actions in broadcast,
communications and defense programs; as well as other risks and uncertainties,
including but not limited to those detailed from time to time in the Company's
Securities and Exchange Commission filings. These forward-looking statements
are made only as of the date hereof, and the Company undertakes no obligation
to update or revise the forward-looking statements, whether as a result of new
information, future events or otherwise. You are encouraged to review
Microwave Filter Company's 2009 Annual Report and Form 10-K for the fiscal
year ended September 30, 2009 and other Securities and Exchange Commission
filings. Forward looking statements may be made directly in this document or
"incorporated by reference" from other documents. You can find many of these
statements by looking for words like "believes," "expects," "anticipates,"
"estimates," or similar expressions.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

  There has been no significant change in our exposures to market risk during
the six months ended March 31, 2010. For a detailed discussion of market risk,
see our Annual Report on Form 10-K for the fiscal year ended September 30,
2009, Part II, Item 7A, Quantitative and Qualitative Disclosures About Market
Risk.

<PAGE>

ITEM 4. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

  The Company's management, with the participation of the Company's Chief
Executive Officer and Chief Financial Officer, has evaluated the effectiveness
of the Company's disclosure controls and procedures (as defined in Rules 13a-
15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the
"Exchange Act")) as of the end of the period covered by this report. Based on
such evaluation, the Company's Chief Executive Officer and Chief Financial
Officer have concluded that, as of the end of such period, the Company's
disclosure controls and procedures were effective as of the end of the period
covered by this report.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

  There have been no changes in the Company's internal control over financial
reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act)
during the most recent fiscal quarter that have materially affected, or are
reasonably likely to materially affect, the Company's internal control over
financial reporting


MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

  The Company's management is responsible for establishing and maintaining
adequate internal control over financial reporting as defined in Rules 13a-
15(f) and 15d-15(f) under the exchange act.

  Under the supervision and with the participation of the Company's
management, including our principal executive officer and principal financial
officer, the Company conducted an evaluation of its internal control over
financial reporting based on criteria established in the framework in
"Internal Control-Integrated Framework" issued by the Committee of Sponsoring
Organizations of the Treadway Commission. Based on this evaluation, the
Company's management concluded and certifies that its internal control over
financial reporting was effective as of March 31, 2010.

  This Quarterly Report does not include an attestation report of the
Company's registered public accounting firm regarding internal control over
financial reporting. Management's report was not subject to attestation by the
Company's registered public accounting firm pursuant to temporary rules of the
Securities and Exchange Commission that permit the Company to provide only
management's report in this Quarterly Report.

<PAGE>

                     PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

         The State of New York Workers' Compensation Board has commenced an
         action    against Microwave Filter Company, Inc. to recover for an
         underfunded self insured program that Microwave Filter Company, Inc.
         participated in. Due to the relatively short period of time Microwave
         Filter Company, Inc. participated in the program and the limited
         amount of potential exposure, we do not expect the resolution of this
         action will have a material adverse effect on our financial
         condition, results of operations or cash flows.

Item 1A. Risk Factors

         Not applicable.

Item 2.  Changes in Securities

         None during this reporting period.

Item 3.  Defaults Upon Senior Securities

         The Company has no senior securities.

Item 4.  (Removed and Reserved)

Item 5.  Other Information

         None.

Item 6.  Exhibits

     a.  Exhibits

         31.1  Section 13a-14(a)/15d-14(a) Certification of Carl F. Fahrenkrug

         31.2  Section 13a-14(a)/15d-14(a) Certification of Richard L. Jones

         32.1  Section 1350 Certification of Carl F. Fahrenkrug

         32.2  Section 1350 Certification of Richard L. Jones

<PAGE>

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


                               MICROWAVE FILTER COMPANY, INC.


May 13, 2010                     Carl F. Fahrenkrug
(Date)                           --------------------------
                                 Carl F. Fahrenkrug
                                 Chief Executive Officer

May 13, 2010                     Richard L. Jones
(Date)                           --------------------------
                                 Richard L. Jones
                                 Chief Financial Officer