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 Act of 1934



For the quarter ended                            Commission File No. 0-13403
June 30, 1997
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                             AMISTAR CORPORATION
                             -------------------
             (Exact name of registrant as specified in its Charter)
----------------------------------------------------------------------------

            State of California                               95-2747332
(State or other jurisdiction of Incorporation              (I.R.S. Employer
or organization)                                         Identification No.)


                    
            237 Via Vera Cruz                                    92069
         San Marcos, California                                (Zip Code)
(Address of principle executive offices)                    


                               (760) 471-1700
            (Registrant's telephone number, including area code)


   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   
                                                     ---     ---

            Class                              Outstanding at August 8, 1997

 Common Stock $.01 Par Value                          3,236,500

<PAGE>
 
Part 1.                        
Item 1. Financial Statement                        

                            Amistar Corporation
                              and Subsidiaries
                          Condensed Balance Sheets  
                                (In thousands)                        

                                                     JUNE 30,*     DEC. 31,
                                                       1997          1996
                                                     ----------   ----------
ASSETS                         
Current assets:                        
   Cash                                              $   3,688    $   1,892 
   Accounts receivable, net                              3,334        5,901 
   Inventories                                           5,839        5,127 
   Demonstration equipment                                 502          767 
   Prepaid expenses                                        274          306 
   Deferred income taxes                                   658          658 
                                                     ----------   ----------
   Total current assets                                 14,295       14,651 
                        
Property & equipment, net                                5,166        4,949 
                        
Contracts receivable                                       362          466 
Restricted cash                                          1,329        1,329 
Other                                                      142          156 
                                                     ----------   ----------
                                                     $  21,294    $  21,551 
                                                     ==========   ==========

LIABILITIES & SHAREHOLDERS' EQUITY                        
Current liabilities:                        
   Accounts payable & accrued liabilities            $   1,706    $   2,436 
   Income taxes payable                                    119          277 
                                                     ----------   ----------
Total current liabilities                                1,825        2,713 
                        
   Industrial development bond                           4,500        4,500 
                        
Shareholders' equity                        
  Common stock                                              32           32 
  Paid in capital                                        4,843        4,826 
  Retained earnings                                     10,094        9,480 
                                                     ----------   ----------
  Total shareholders' equity                            14,969       14,338 
                        
                                                     $  21,294    $  21,551 
                                                     ==========   ==========
*Unaudited 
See accompanying notes to financial statements.

                                     -2-

<PAGE>

                            Amistar Corporation
                              and Subsidiaries
                     Condensed Statements of Earnings
           (Unaudited and In thousands, except per share amounts)

                           Three Months Ended         Six Months Ended
                                June 30,                   June 30,
                          1997           1996         1997          1996
                       -----------   -----------   -----------   -----------
Net sales              $    5,053    $    5,418    $   11,468    $   10,291 
                                                                
Cost of sales               3,160         3,430         7,265         6,488 
                                                                
Gross profit                1,893         1,988         4,203         3,803 
                                                                
Operating expenses:
  Selling costs             1,068         1,011         2,201         1,941 
  General & administrative    257           246           522           496 
  Research & development      281           354           669           648 
                       -----------   -----------   -----------   -----------
                            1,606         1,611         3,392         3,085 
                                                                
Earnings from operations      287           377           811           718 
                                                                
Other income (expense), net    98           (18)          136           (26)
                       -----------   -----------   -----------   -----------
                                                                
Earnings before income taxes  385           359           947           692 
                                                                
Income tax expense            108           144           333           276 
                       -----------   -----------   -----------   -----------
                                                                
Net earnings           $      277    $      215    $      614    $      416 
                       ===========   ===========   ===========   ===========
                                                                
Net income per share   $     0.09    $     0.07    $     0.19    $     0.13 
                       ===========   ===========   ===========   ===========
                                                                
Weighted average number of                                       
  shares outstanding    3,236,500     3,228,250     3,236,500     3,228,250 
                       ===========   ===========   ===========   ===========
                                                                

See accompanying notes to financial statements.
                                                                
                                                                

                                     -3-

<PAGE>

                            Amistar Corporation 
                              and Subsidiaries
                           Statements of Cash Flows
                         (Unaudited and In thousands)

Six months ended June 30,                               1997         1996
----------------------------------------------------------------------------
Cash flows from operating activities:                                
  Net earnings                                       $     614    $     416

  Adjustments to reconcile net earnings to net
  cash provided (used) by operating activities: 
  Depreciation & Amortization                              267          184
  Gain on sale of assets                                   (39)         (69)

  Changes in assets & liabilities:                                
      Accounts receivable, net                           2,567         (415)
      Inventories                                         (712)         (31)
      Demonstration equipment                              265          334
      Prepaid expenses & other assets                       46          (45)
      Accounts payable & accrued liabilities              (730)        (514)
      Income taxes payable                                (158)        (113)
                                                     ----------   ----------
                                                         1,506         (669)

Cash provided (used) by operating activities             2,120         (253)

Cash flows from investing activities:                                
  Capital expenditures                                    (484)        (541)
  Proceeds from sale of equipment                           39           69

Cash flows from financing activities:                                
  Contracts receivable                                     104         (107)
  Common stock issued for stock options                     17            2

Net increase (decrease) in cash                          1,796         (830)
Cash at the beginning of the period                      1,892        1,982
                                                     ----------   ----------
Cash at the end of the period                        $   3,688    $   1,152

Supplemental disclosure of cash flow information      
                                
   Cash paid during the period for:                                
       Interest                                      $      85    $      89
       Income tax                                    $     314    $     384

See accompanying notes to financial statements.


                                     -4-

<PAGE>

                             Amistar Corporation
                              and Subsidiaries
                  Notes to Condensed Financial Statements

Note 1
As contemplated by the Securities and Exchange Commission under Rule 10-01 
of Regulation S-X, the accompanying financial statements and footnotes have 
been condensed, and therefore, do not contain all disclosures required by 
generally accepted accounting principles.

Note 2
In the opinion of the Company, the accompanying unaudited financial 
statements contain adjustments, all of which are normal and recurring, 
necessary to present fairly its financial position as of June 30, 1997, and 
December 31, 1996, and the results of its operations and cash flows for the 
six month period ending June 30, 1997, and 1996.

Note 3
The components of inventory are as follows:                        
                        
                                          June 30,*        Dec. 31,
                                             1997            1996
                                         ------------    ------------
Raw Material                             $ 1,023,000     $   899,000 
Work In Process                            2,349,000       2,062,000 
Finished Goods                             2,467,000       2,166,000 
                                         ------------    ------------
                                         $ 5,839,000     $ 5,127,000 
                                         ============    ============

*Unaudited 

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

                    Material Change in Financial Condition

Shareholders' equity in the Company increased $614,000 during the six months 
ended June 30, 1997, primarily as a result of income from operations.  This 
compares with the same period in the prior year when shareholders' equity 
increased $416,000 primarily as a result of income from operations. Cash 
grew significantly as accounts receivable decreased during the six months 
ended June 30, 1997, resulting from collections related to the strong fourth 
quarter in 1996. Inventories increased as stock levels were replenished 
after the fourth quarter depletion in 1996. Expenditures for the six months 
ended June 30, 1997, for property and equipment were $491,000, and consisted 
of surface mount machines for the contract assembly division and costs 
related to the new enterprise-wide information system.


                                     -5-

<PAGE>

                             Amistar Corporation
                              and Subsidiaries
             Notes to Condensed Financial Statements, Continued

                  Material Changes in Results of Operations

Net sales for the three months ended June 30, 1997, were $5,053,000 compared 
to $5,418,000 for the same period in the prior year.  The decrease in sales 
was primarily due to fewer shipments of manufactured machines resulting from 
continuing engineering required on the new surface mount machine. 

Research and development expenses decreased for the current quarter due to 
the completion of new feeders for the high speed surface mount machine.

Other income increased in the three months ended June 30, 1997, due to the 
recognition of deferred interest income on a contract receivable that was 
paid off.






PART II.

Items 1-6 Non-Applicable


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.

   
                                                  AMISTAR CORPORATION

                                                  By /s/ William W. Holl
                                                     -------------------

                                                  William W. Holl
                                                  Vice President - Finance
                                                  Chief Accounting Officer &
                                                  Duly Authorized Officer



                                     -6-