FORM 10QSB

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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

For the quarterly period ended June 30, 1998

Commission File Number  0-3425

                                PLATRONICS, INC.
             (Exact name of registrant as specified in its charter)

   New Jersey                        22-1440857
(State or other                    (IRS Employer
jurisdiction of                    Identification
incorporation)                          No.)

 301 Commerce Road, Linden, New Jersey            07036
(Address of principal executive offices)        (Zip Code)

Registrant's telephone number, including area code 908-862-3600

      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 |_|   No |X|

      Indicate by check mark whether the registrant has filed all documents and
reports required to filed by Sections 12, 13 or 15(d) of the Securities Act of
1934 subsequent to the distribution of securities under a plan confirmed by the
court.

Yes |_|   No |X|

      Indicate the number of shares outstanding of each of issuer's classes of
common stock, as of the latest practicable date: 910,140 Common Shares
Outstanding
<PAGE>

                                      Index

Independent Accountants' Report

Financial Statements:

            Condensed Balance Sheets
            September 30, 1997 (audited) and
            June 30, 1998 (unaudited)

            Unaudited Condensed Statements of
            Income Three Months Ended
            June 30, 1997 and
            June 30, 1998,
            Income Nine Months Ended
            June 30, 1997 and
            June 30, 1998

            Condensed Statement of Cash Flows
            Nine Months Ended June 30, 1997
            and June 30, 1998

            Notes to Condensed Financial
            Statements

Management Discussion and Analysis or Plan of Operation.

Signatures
<PAGE>

                         INDEPENDENT ACCOUNTANTS' REPORT

Board of Directors
Platronics, Inc.
Linden, New Jersey

The accompanying condensed balance sheet of Platronics, Inc. as of June 30, 1998
and the related condensed statements of income for the three month and nine
month periods ended June 30, 1997 and 1998 and the condensed statements of cash
flows for the nine months ended June 30, 1997 and 1998, included in the
accompanying Securities and Exchange Commission Form 10-Q for the period ended
June 30, 1998 were not audited by us, and, accordingly, we do not express an
opinion on them.

In accordance with generally accepted auditing standards, the balance sheet as
of September 30, 1997, and the related statements of income, stockholders'
equity and cash flows for the year then ended (not presented herein) were
audited by other auditors whose report dated October 29, 1997 expressed an
unqualified opinion on those financial statements. In our opinion, the
information set forth in in the accompanying condensed balance sheet as of
September 30, 1997 is fairly stated in all material respects in relation to the
balance sheet from which it has been derived.


Ferdinand, Ganek & Company, CPA, PA
Union, New Jersey
August 4, 1998
<PAGE>

                                PLATRONICS, INC.
                            CONDENSED BALANCE SHEETS

                                     ASSETS

                                          September 30          June 30,
                                        -----------------   -----------------
                                          1997 (Audited)     1998 (Unaudited)
                                        -----------------   -----------------

Current Assets:
  Cash                                       $    45,297         $    20,089
  Accounts Receivable - Net                      623,167             608,329
  Inventories                                    402,177             483,012
  Prepaid Expenses                                 4,259              11,182
                                             -----------         -----------
     Total Current Assets                      1,074,900           1,122,612

Property and Equipment - Net                      96,052             233,988

Security Deposits                                 34,165              34,165
                                             -----------         -----------

      Total Assets                           $ 1,205,117         $ 1,390,765
                                             ===========         ===========

                See Accompanying Independent Accountants' Report
                   and Notes To Condensed Financial Statements
<PAGE>

                                PLATRONICS, INC.
                            CONDENSED BALANCE SHEETS

                       LIABILITIES & STOCKHOLDERS' EQUITY

                                          September 30,          June 30,
                                        -----------------   -----------------
                                          1997 (Audited)     1998(Unaudited)
                                        -----------------   -----------------

Current Liabilities:
  Note Payable - Related Party               $  350,000       $  188,813
  Accounts Payable                               97,304          271,726
  Deferred Rental Obligations-
    Current Portion                               5,834           10,000
                                             ----------       ----------
      Total Current Liabilities                 453,138          470,539
                                             ----------       ----------

Long-Term Liabilities
  Note Payable - Related Party                       --           92,800
  Deferred Rental Obligations-
    Long-Term                                    49,998           38,332
                                             ----------       ----------
       Long Term Liabilities                     49,998          131,132
                                             ----------       ----------

       Total Liabilities                        503,136          601,671
                                             ----------       ----------

Stockholders' Equity:
  Common Stock                                   91,003           91,003
  Additional Paid in Capital                      6,156            6,156
  Retained Earnings                             604,822          691,935
                                             ----------       ----------
    Total Stockholders' Equity                  701,981          789,094
                                             ----------       ----------

    Total Liabilities and
      Stockholders' Equity                   $1,205,117       $1,390,765
                                             ==========       ==========

                See Accompanying Independent Accountants' Report
                   and Notes To Condensed Financial Statements
<PAGE>

                                PLATRONICS, INC.
                    UNAUDITED CONDENSED STATEMENTS OF INCOME

<TABLE>
<CAPTION>
                                           Three Months Ended               Nine Months Ended
                                     ------------------------------  ---------------------------------
                                                June 30,                          June 30,
                                     ------------------------------  ---------------------------------
                                         1997            1998             1997             1998
                                     --------------  --------------  ---------------  ----------------

<S>                                  <C>              <C>              <C>              <C>        
Net Sales                            $   930,930      $   995,584      $ 2,851,494      $ 2,984,534
                                                                                      
Cost of Sales                            880,755          911,736        2,571,850        2,588,947
                                     -----------      -----------      -----------      -----------
  Gross Profit                            50,175           83,848          279,644          395,587
                                                                                      
Operating Expenses:                                                                   
  Selling, General and                                                                
    Administrative Expenses              142,568          108,411          406,290          288,953
                                     -----------      -----------      -----------      -----------
                                                                                      
Operating Income (Loss)                  (92,393)         (24,563)        (126,646)         106,634
                                     -----------      -----------      -----------      -----------
                                                                                      
Other Income (Expense):                                                               
  Interest Expense                        (1,262)          (5,909)          (3,021)         (19,696)
  Miscellaneous                               --               --               --              350
                                     -----------      -----------      -----------      -----------
                                                                                      
Total Other Income (Expense)              (1,262)          (5,909)          (3,021)         (19,346)
                                     -----------      -----------      -----------      -----------
                                                                                      
Income (Loss) Before Provision                                                        
  for Taxes on Income                    (93,655)         (30,472)        (129,667)          87,288
                                                                                      
Provision for Taxes on Income                 --               --               --              175
                                     -----------      -----------      -----------      -----------
                                                                                      
Net Income (Loss)                    $   (93,655)     $   (30,472)     $  (129,667)     $    87,113
                                     ===========      ===========      ===========      ===========
                                                                                      
Earnings (Loss) Per Share            $     (0.10)     $     (0.03)     $     (0.14)     $      0.10
                                     ===========      ===========      ===========      ===========
                                                                                      
Weighted Average Number of                                                            
  Shares of Common Shares                                                             
  Outstanding                            910,031          910,031          910,031          910,031
                                     ===========      ===========      ===========      ===========
</TABLE>

                See Accompanying Independent Accountants' Report
                   and Notes to Condensed Financial Statements
<PAGE>

                                PLATRONICS, INC.
                       CONDENSED STATEMENTS OF CASH FLOWS

                                                  Nine Months Ended
                                        -------------------------------------
                                                      June 30,
                                        -------------------------------------
                                              1997                1998
                                        -----------------   -----------------

Operating Activities:
  Net Income (Loss)                         $(129,667)           $  87,113
                                            ---------            ---------
  Adjustments to Reconcile Net                                
    Income (Loss) to Net Cash                                 
    Provided by Operating                                     
    Activities                                                
  Depreciation & Amortization                  31,278               30,286
  Changes in Assets and                                       
    Liabilities:                                              
      Accounts Receivable                      26,116               14,838
      Inventories                             144,385              (80,835)
      Prepaid Expenses                        (18,180)              (6,923)
      Security Deposits                                       
         & Exchanges                               44                   --
      Deferred Rental                                         
        Obligations                                --               (7,500)
      Accounts Payable, Accrued                               
        Expenses and Taxes                    (47,454)             174,422
                                            ---------            ---------
                                                              
        Total Adjustments                     136,189              124,288
                                            ---------            ---------
        Net Cash Provided By                                  
         Operating Activities                   6,522              211,401
                                            ---------            ---------
                                                              
Investing Activities:                                         
  Capital Expenditures                             --             (168,222)
                                            ---------            ---------
    Net Cash Used in Investing                                
      Activities                                   --             (168,222)
                                            ---------            ---------

                                   (continued)

                See Accompanying Independent Accountants' Report
                   and Notes to Condensed Financial Statements
<PAGE>

                                PLATRONICS, INC.
                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (continued)

                                                   Nine Months Ended
                                        -------------------------------------
                                                       June 30,
                                        -------------------------------------
                                              1997                1998
                                        -----------------   -----------------

Financing Activities:
  Decrease in Long Term Debt                 (2,462)              (68,387)
                                           --------              --------
    Net Cash Used in Financing                              
      Activities                             (2,462)              (68,387)
                                           --------              --------
                                                            
Net Increase (Decrease) in                                  
  Cash and Cash Equivalents                   4,060               (25,208)
                                                            
Cash and Cash Equivalents -                                 
  Beginning of Period                        80,100                45,297
                                           --------              --------
                                                            
Cash and Cash Equivalents -                                 
  End of Period                            $ 84,160              $ 20,089
                                           ========              ========
                                                            
Cash Paid During the Period For:                            
  Interest                                 $  3,021              $ 17,818
  Income Taxes                                   --                   175

For the purposes of the statement of cash flows, the company considered all
highly liquid debt instruments with a maturity of three months or less to be
cash equivalents.

                See Accompanying Independent Accountants' Report
                   and Notes to Condensed Financial Statements
<PAGE>

                                PLATRONICS, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS

1.    Presentation of Interim Information

      In the opinion of the management of Platronics, Inc. the accompanying
      condensed financial statements include all normal adjustments considered
      necessary to present fairly the financial position as of June 30, 1998 and
      the results of operations for the three months and nine months ended June
      30, 1997 and 1998, and cash flows for the nine months ended June 30, 1997
      and 1998. Interim results are not necessarily indicative of results for a
      full year.

      The condensed financial statements and notes are presented as permitted by
      Form 10-Q and do not contain certain information included in the company's
      audited financial statements and notes for the fiscal year ended September
      30, 1997.

2.    Inventories

      Inventories are summarized as follows:

                                              September 30,          June 30,
                                              -------------          --------
                                                  1997                1998
                                                  ----                ----

          Raw Materials                        $ 392,177           $ 478,012
          Finished Goods                          10,000               5,000
                                               ---------           ---------
                                               $ 402,177           $ 483,012
                                               =========           =========

3.    Note Payable - Related Party

      Note payable represents an unsecured loan from a shareholder owning a
      majority of the outstanding stock. The note as of June 30, 1998 is a
      two-year note payable monthly including interest at 8%. The note matures
      December 31, 1999.
<PAGE>

                                PLATRONICS, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS

4.    Restatement

      The accompanying condensed financial statements for the nine months ended
      June 30, 1998 includes prior-period information that has been
      retroactively restated after the initial reporting of the three months
      ended December 31, 1997. Manufacturing overhead has been adjusted by
      $32,926 to properly reflect capitalization of plating equipment. The
      effect was to increase net income for the three months ended December 31,
      1997 by $32,926 ($.03 per share).
<PAGE>

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

      The following is management's discussion and analysis of certain
significant factors which have affected the Company's condensed statement of
operation.

      The Company's loss from operations before provision for income taxes for
the third quarter of fiscal 1998 was $ (30,472), as compared to loss of $
(93,655) in the third quarter of fiscal 1997. Net sales were $ 930,930 during
the third quarter of fiscal 1997 and were $ 995,584 during the third quarter of
fiscal 1998.

      The Company's decreased loss for the third quarter of fiscal 1998 as
compared to the third quarter of fiscal 1997 was due to (i) an increase in sales
as a result of a stronger and more aggressive sales effort, (ii) added
technological assistance and (iii) a reduction in salaries, factory overhead and
general and administrative costs.

                                   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 hereunto duly authorized.

                                        PLATRONICS, INC.


                                        By /s/ Ronald Knigge
                                           -------------------------------------
                                           Ronald Knigge, Chairman,
                                           President & Chief Executive
                                           Officer


                                        By /s/ Mary Lou Palumbo
                                           -------------------------------------
                                           Mary Lou Palumbo,
                                           Principal Accounting Officer

Date August 14, 1998