UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

(Mark  One)

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

                FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2002

                                       or

    ( )     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 1-9125
                          -----------------------------

                        AMERICAN TECHNICAL CERAMICS CORP.
                        ---------------------------------
             (Exact name of Registrant as specified in Its charter)


               DELAWARE                                 11-2113382
               --------                                 ----------
   (State or Other Jurisdiction of                   (I.R.S. Employer
    Incorporation or Organization)                  Identification No.)

        17  STEPAR  PLACE,  HUNTINGTON  STATION,  NY               11746
        --------------------------------------------               -----
       (Address  of  Principal  Executive  Offices)             (Zip  Code)


                                 (631) 622-4700
                                 --------------
                    (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
                                 ------          -------

As  of  November  1,  2002,  the  Registrant had outstanding 8,072,118 shares of
Common  Stock,  par  value  $.01  per  share.


<PAGE>
<TABLE>
<CAPTION>
                         PART 1 - FINANCIAL INFORMATION

Item 1. Financial Statements

                                AMERICAN TECHNICAL CERAMICS CORP. AND SUBSIDIARIES
                                            CONSOLIDATED BALANCE SHEETS
                                  (in thousands, except share and per share data)

                                                                                  SEPT. 30, 2002    JUNE 30, 2002
                                                                                 ----------------  ---------------
<S>                                                                              <C>               <C>
ASSETS                                                                             (unaudited)
Current assets
  Cash (including cash equivalents of $469 and
    $3,606, respectively)                                                        $         4,957   $        7,129
   Investments                                                                             3,017            3,025
   Accounts receivable, net                                                                6,464            6,328
   Inventories                                                                            14,912           15,417
   Deferred income taxes, net                                                              2,284            2,284
   Other current assets                                                                    2,523            2,564
                                                                                 ----------------  ---------------
                          TOTAL CURRENT ASSETS                                            34,157           36,747
                                                                                 ----------------  ---------------

Property, plant and equipment, net of accumulated depreciation
   and amortization of $33,450 and $32,158, respectively                                  30,081           29,740
Other assets, net                                                                             52               87
                                                                                 ----------------  ---------------
                          TOTAL ASSETS                                           $        64,290   $       66,574
                                                                                 ----------------  ---------------

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
   Current portion of long-term debt                                             $           352   $        4,276
   Accounts payable                                                                          795              878
   Accrued expenses                                                                        3,226            3,218
   Income taxes payable, net                                                                 171              ---
                                                                                 ----------------  ---------------
                          TOTAL CURRENT LIABILITIES                                        4,544            8,372

Long-term debt, net of current portion                                                     3,584            2,368
Deferred income taxes                                                                      3,642            3,642
                                                                                 ----------------  ---------------
                          TOTAL LIABILITIES                                               11,770           14,382
                                                                                 ----------------  ---------------

Commitments and Contingencies

Stockholders' Equity
   Common Stock -- $.01 par value; authorized 20,000,000
        shares; issued 8,492,258 and 8,492,258 shares, respectively                           85               85
   Capital in excess of par value                                                         11,402           11,380
   Retained earnings                                                                      42,509           42,171
   Accumulated other comprehensive loss:
      Unrealized gain on investments available-for-sale, net                                   6                5
      Cumulative foreign currency translation adjustment                                     (62)             (46)
                                                                                 ----------------  ---------------
                                                                                             (56)             (41)
                                                                                 ----------------  ---------------
    Less:   Treasury stock, at cost (421,140 and 418,140 shares, respectively)             1,408            1,403
              Deferred compensation                                                           12              ---
                                                                                 ----------------  ---------------
                          TOTAL STOCKHOLDERS' EQUITY                                      52,520           52,192
                                                                                 ----------------  ---------------
                                                                                 $        64,290   $       66,574
                                                                                 ================  ===============
</TABLE>

See accompanying notes to unaudited consolidated financial statements.


                                        2
<PAGE>
<TABLE>
<CAPTION>
               AMERICAN TECHNICAL CERAMICS CORP. AND SUBSIDIARIES
                 UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
                      (in thousands, except per share data)


                                                 For the Three Months Ended
                                                       September 30,
                                                   2002             2001
                                              ---------------  ---------------
<S>                                           <C>              <C>
Net sales                                     $       12,487   $       13,905
Cost of sales                                          8,401            9,544

                                              ---------------  ---------------
  Gross profit                                         4,086            4,361
                                              ---------------  ---------------

Selling, general and administrative expenses           2,962            3,021
Research and development expenses                        669              852

                                              ---------------  ---------------
  Operating expenses                                   3,631            3,873
                                              ---------------  ---------------

                                              ---------------  ---------------
  Income from operations                                 455              488
                                              ---------------  ---------------

Other (income) expense:
  Interest expense                                        60              143
  Interest income                                        (37)             (60)
  Other                                                  (51)             (46)

                                              ---------------  ---------------
                                                         (28)              37
                                              ---------------  ---------------

Income before provision for income taxes                 483              451

Provision for income taxes                               145              153

                                              ---------------  ---------------
Net income                                    $          338   $          298
                                              ===============  ===============

Basic net income per common share             $         0.04   $         0.04
                                              ===============  ===============
Diluted net income per common share           $         0.04   $         0.04
                                              ===============  ===============
Basic weighted average common
  shares outstanding                                   8,071            8,030
                                              ===============  ===============
Diluted weighted average common
  shares outstanding                                   8,157            8,252
                                              ===============  ===============
</TABLE>

See accompanying notes to unaudited consolidated financial statements.


                                        3
<PAGE>
<TABLE>
<CAPTION>
                           AMERICAN TECHNICAL CERAMICS CORP. AND SUBSIDIARIES
                                   CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                               For the Three Months  Ended September 30,
                                                                      2002                   2001
                                                             ----------------------  ---------------------
<S>                                                          <C>                     <C>
CASH FLOWS FROM OPERATING ACTIVITIES:                                        (In thousands)
                                                                              (unaudited)
   Net income                                                $                 338   $                298
   Adjustments to reconcile net income to net cash
    provided by operating activities:
      Depreciation and amortization                                          1,312                  1,371
      Loss on disposal of fixed assets                                         115                      1
      Stock award compensation expense                                           4                     91
   Changes in operating assets and liabilities:
      Accounts receivable                                                     (136)                 4,021
      Inventories                                                              505                    222
      Other assets                                                              78                    400
      Accounts payable and accrued expenses                                    (75)                (3,299)
      Income taxes payable                                                     171                   (826)

                                                             ----------------------  ---------------------
   Net cash provided by operating activities                                 2,312                  2,279
                                                             ----------------------  ---------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
      Capital expenditures                                                    (331)                (1,167)
      Purchase of investments                                                 (993)                   ---
      Proceeds from sale of investments                                      1,000                    ---

                                                             ----------------------  ---------------------
   Net cash used in investing activities                                      (324)                (1,167)
                                                             ----------------------  ---------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
      Repayment of debt                                                     (4,145)                  (150)
      Proceeds from the exercise of stock options                              ---                     51

                                                             ----------------------  ---------------------
   Net cash used in financing activities                                    (4,145)                   (99)
                                                             ----------------------  ---------------------

                                                             ----------------------  ---------------------
      Effect of exchange rate changes on cash                                  (15)                    59
                                                             ----------------------  ---------------------

      Net (decrease)/ increase in cash and cash equivalents                 (2,172)                 1,072


CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                                 7,129                  1,659

                                                             ----------------------  ---------------------
CASH AND CASH EQUIVALENTS, END OF PERIOD                     $               4,957   $              2,731
                                                             ======================  =====================

Supplemental cash flow information:
      Interest paid                                          $                  98   $                154
      Taxes paid                                             $                 ---   $                994
</TABLE>

See accompanying notes to unaudited consolidated financial statements.


                                        4
<PAGE>
               AMERICAN TECHNICAL CERAMICS CORP. AND SUBSIDIARIES
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                      (In thousands, except per share data)

(1)  BASIS OF PRESENTATION:

     The  accompanying  unaudited  interim  consolidated financial statements of
American  Technical  Ceramics  Corp. and subsidiaries (the "Registrant") reflect
all  adjustments  (consisting  of  normal  recurring accruals) which are, in the
opinion  of  management,  necessary  for a fair presentation of its consolidated
financial  position  as  of September 30, 2002 and the results of its operations
for  the  three  month  periods  ended  September  30,  2002  and  2001.  These
consolidated financial statements should be read in conjunction with the summary
of  significant  accounting  policies  and  notes  to  consolidated  financial
statements  included  in  the Registrant's Annual Report to Stockholders for the
fiscal  year  ended  June  30,  2002.  Results  for the three month period ended
September  30,  2002  are  not  necessarily indicative of results which could be
expected  for  the  entire  year.

(2)  IMPACT  OF  NEW  ACCOUNTING  STANDARDS:

     In  July  2002,  the  Registrant  adopted Statement of Financial Accounting
Standards  No.  143,  "Accounting  for  Asset Retirement Obligations" ("SFAS No.
143").  SFAS  No. 143 addresses financial accounting requirements for retirement
obligations associated with retirement of tangible long-lived assets and for the
associated  asset  retirement  costs.  The adoption of SFAS No. 143 did not have
any  impact  on the Registrant's consolidated results of operations or financial
position  for  the  quarter  ended  September  30,  2002.

     In  July  2002,  the  Registrant  adopted Statement of Financial Accounting
Standards  No.  144,  "Accounting  for  the Impairment or Disposal of Long-Lived
Assets"  ("SFAS  No.  144"),  which addresses financial accounting and reporting
for  the  impairment or disposal of long-lived assets.  SFAS No. 144 establishes
accounting  guidelines  for  the  impairment of long-lived assets to be held and
used;  to be disposed of other than by sale; and to be disposed of by sale.  The
adoption  of  SFAS  No.  144  did  not  have  any  impact  on  the  Registrant's
consolidated  results  of operations or financial position for the quarter ended
September  30,  2002.

     In  June 2002, the Financial Accounting Standards Board issued Statement of
Financial  Accounting  Standards  No. 146, "Accounting for Costs Associated with
Exit  or  Disposal  Activities" ("SFAS No. 146"), which is effective for exit or
disposal  activities initiated after December 31, 2002.  SFAS No. 146 applies to
costs associated with an exit activity (including restructuring costs) or with a
disposal  of  long-lived  assets.  Companies will record a liability for exit or
disposal  activity  as  such  amounts  are  incurred and can be measured at fair
value.  The  Registrant  does  not expect the adoption of SFAS No. 146 to have a
material impact on its consolidated results of operations or financial position.


                                        5
<PAGE>
               AMERICAN TECHNICAL CERAMICS CORP. AND SUBSIDIARIES
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                      (In thousands, except per share data)

(3)  SUPPLEMENTAL  CASH  FLOW  INFORMATION:

     During  the  three  months  ended  September  30,  2002, the Registrant (i)
granted  $16  in deferred compensation stock awards, and (ii) adjusted a capital
lease  relating  to  its  Jacksonville,  Florida  facility  to  reflect  certain
additions  to  the facility.  The adjustment increased both fixed assets and the
related  long-term  debt  by  $1,437.  See  Note  (7).

(4)  INVENTORIES:

     Inventories  included in the accompanying consolidated financial statements
consist  of  the  following:

                            September 30,   June 30,
                                2002          2002
                           ---------------  ---------
                               (unaudited)
          Raw materials    $         7,151  $   7,753
          Work-in-process            4,179      3,968
          Finished goods             3,582      3,696
                           ---------------  ---------
                           $        14,912  $  15,417
                           ===============  =========


(5)  EARNINGS  PER  SHARE:

     The  following  represents  a  reconciliation  of  the  numerators  and
denominators  of  the  basic  and  diluted  earnings  per  share  computation.

<TABLE>
<CAPTION>
                                                           For the Quarter Ended September 30,

                                                       2002                                     2001
                                                       ----                                     ----
                                        Income        Shares      Per-Share      Income        Shares     Per-Share
                                     (Numerator)   (Denominator)    Amount    (Numerator)   Denominator)    Amount
                                     ------------  -------------  ----------  ------------  ------------  ----------
<S>                                  <C>           <C>            <C>         <C>           <C>           <C>
Basic EPS                            $        338          8,071  $      .04  $        298         8,030  $       04
                                                                  ==========                              ==========
EFFECT OF DILUTIVE SECURITIES:
  Stock options                                               79                                     204
  Deferred compensation
    stock awards                                               7                                      18
                                     ------------  -------------  ----------  ------------  ------------  ----------
DILUTED EPS                          $        338          8,157  $      .04  $        298         8,252  $      .04
                                     ============  =============  ==========  ============  ============  ==========
</TABLE>

     Options  covering  914 and 867 shares, respectively, have been omitted from
the  calculation  of  dilutive EPS for the three months ended September 30, 2002
and  2001,  respectively,  because their inclusion would have been antidilutive.


                                        6
<PAGE>
               AMERICAN TECHNICAL CERAMICS CORP. AND SUBSIDIARIES
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                      (In thousands, except per share data)


(6)  COMPREHENSIVE INCOME:

     The Registrant's comprehensive income is as follows:

<TABLE>
<CAPTION>
                                                  For The Three Months Ended
                                                         September 30,
                                                     2002            2001
                                                ---------------  -------------
<S>                                             <C>              <C>
Net income                                      $          338   $         298
                                                ---------------  -------------
Other comprehensive (loss)/ income
  Foreign currency translation adjustments                 (16)             71
  Unrealized gains on investments, net of tax:               1             108
                                                ---------------  -------------
Other comprehensive (loss)/income                          (15)            179
                                                ---------------  -------------
Comprehensive income                            $          323   $         477
                                                ===============  =============
</TABLE>

(7)  INDEBTEDNESS:

     The Registrant maintained two credit facilities with Bank of America, N.A.,
a  revolving line of credit and an equipment facility.  Each of these facilities
was  subject to certain financial covenants, including a requirement to maintain
a  certain level of annualized earnings before interest, taxes, depreciation and
amortization (EBITDA) to current debt plus annual interest payments.  As of June
30,  2002, due to the losses incurred by the Registrant during fiscal year 2002,
the  Registrant  was  not in compliance with this covenant.  The Registrant held
discussions  with  Bank  of  America, N.A. concerning possible amendments to the
terms of the facilities which proved to be unsuccessful.  Accordingly, in August
2002, the Registrant repaid the outstanding balance under the equipment facility
and  terminated  both  facilities.

     The  Registrant  leases  a  facility  in  Jacksonville,  Florida  from  a
partnership  controlled  by  the Registrant's President, Chief Executive Officer
and principal stockholder under a capital lease.  The rental payments under this
lease  have  been  adjusted  several  times, most recently as of September 2002,
primarily  to  reflect  certain  additions  to  the  facility  and  market value
adjustments  as  required  by  the  terms  of  the  lease based upon independent
appraisals.  Effective  September  1,  2002,  the Registrant is obligated to pay
approximately  $720  per annum under this lease, an increase from $461 per annum
during fiscal year 2002.  The payments due over the remaining nine years of this
capital  lease,  including  the portion related to interest, total approximately
$5,753.

(8)  STOCK  BASED  COMPENSATION:

          On  January  16, 2002, the Board of Directors filed a Schedule TO with
the  Securities  and  Exchange  Commission,  and  commenced an offer to exchange
outstanding  options  under  its  existing stock option plans having an exercise
price  per  share  of  $19.50  or  more  for  new options.  The offer expired on
February  13, 2002.  The Registrant accepted for exchange options to purchase an
aggregate of 432,000 shares of Common Stock.  On August 15, 2002, the Registrant
issued 407,000 new options in exchange for the options tendered and accepted for
exchange.  The  new options were issued at the closing price of the Registrant's
Common Stock on August 15, 2002, which was $2.35 per share.


                                        7
<PAGE>
ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL
                      CONDITION AND RESULTS OF OPERATIONS
                      (In thousands, except per share data)

     The  following  discussion  and analysis should be read in conjunction with
the  consolidated  financial  statements,  related  notes  and other information
included  in  this  Quarterly  Report  on  Form  10-Q.

     Statements  in  this  Quarterly Report on Form 10-Q that are not historical
fact  may  constitute  "forward-looking  statements"  within  the meaning of the
Private  Securities  Litigation  Reform  Act of 1995.   All such forward-looking
statements  are  subject  to risks and uncertainties, including, but not limited
to,  market and economic conditions, the impact of competitive products, product
demand  and  market  acceptance  risks,  changes  in  product  mix,  costs  and
availability  of  raw  materials,  fluctuations  in operating results, delays in
development  of  highly  complex  products,  risks associated with international
sales  and  sales to the U.S. military, risk of customer contract or sales order
cancellations  and  other  risks  detailed from time to time in the Registrant's
filings  with  the  Securities  and  Exchange  Commission,  including,  without
limitation,  those  contained  under  the caption "Item 1. BUSINESS - CAUTIONARY
STATEMENTS  REGARDING  FORWARD  - LOOKING STATEMENTS" in the Registrant's Annual
Report on Form 10-K. These risks could cause the Registrant's actual results for
future  periods to differ materially from those expressed in any forward-looking
statements  made  by,  or  on  behalf  of,  the Registrant.  Any forward-looking
statement  represents  the Registrant's expectations or forecasts only as of the
date  it was made and should not be relied upon as representing its expectations
or forecasts as of any subsequent date.  The Registrant undertakes no obligation
to  correct  or update any forward-looking statement, whether as a result of new
information,  future  events or otherwise, even if its expectations or forecasts
change.

Overview
--------

     The  Registrant  returned  to  profitability in the first quarter of fiscal
year 2003 for the first time in four quarters. The improvement was primarily the
result  of increased sequential quarterly sales and the impact of cost reduction
measures  put  in  place  during  fiscal  year  2002.

     The  first  quarter  of this fiscal year continued the trend started in the
third  quarter  of last fiscal year of slow growth in sequential quarterly sales
and  bookings.  The  wireless infrastructure and fiber optic markets continue to
be  very slow compared to the peak levels experienced in fiscal year 2001, while
most of the other markets the Registrant serves remain steady.  Shipments in the
first quarter of last year were being made extensively from the existing backlog
of  orders.  In  contrast,  in  the first quarter of fiscal year 2003, shipments
were  filled  from current orders as customers have been placing orders on short
lead  times.

     During  the quarter ended September 30, 2002, the Registrant used available
cash  on  hand to pay off its outstanding bank debt of $4,047 and terminated its
lines of credit.  Even giving effect to this repayment, the Registrant ended the
quarter  with cash, cash equivalents and investments of just under $8,000.  This
had  the  effect  of  significantly improving the Registrant's current and quick
ratios.  The  Registrant also took further steps to reduce inventory and control
capital  spending.

     The  Registrant  leases  a  Jacksonville,  Florida  facility from an entity
controlled  by its President, Chief Executive Officer and principal stockholder.
Effective  September 1, 2002, the rental payments under this lease were adjusted
upward to reflect the addition of a new manufacturing plant at the facility. The
adjustment  was  made in accordance with the terms of the lease for the facility
based  upon a fair market value appraisal. The lease continues to be recorded as
a  capital  lease  and consequently increased the Registrant's long-term debt as
well  as  fixed  assets  by  $1,437.


                                        8
<PAGE>
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
                      (In thousands, except per share data)

RESULTS  OF  OPERATIONS
-----------------------

Three  Months  Ended  September  30,  2002  Compared  with  Three  Months  Ended
--------------------------------------------------------------------------------
September 30, 2001
------------------

     Net  sales  for  the three months ended September 30, 2002 decreased 10% to
$12,487, compared to  $13,905 in the comparable period in the prior fiscal year.
The  decrease  in  net  sales was primarily the result of decreased sales due to
continued  weakness  in  the  telecommunication  markets.

     Gross  margin  for the three months ended September 30, 2002 was 33% of net
sales,  compared to 31% for the comparable period in the prior fiscal year.  The
increase  in  gross margin was principally due to lower labor and overhead costs
as  the  result  of cost reduction measures taken during fiscal year 2002. These
measures included a reduction in headcount, reduced capital spending and general
cost  controls  on  discretionary  spending.  Additionally, the Registrant wrote
down  certain  inventory  to net realizable value in the first quarter of fiscal
year 2002.  There were no significant inventory write-downs in the first quarter
of  fiscal  year  2003.

     Selling,  general  and  administrative  expenses for the three months ended
September  30, 2002 decreased 2% to $2,962, compared to $3,021 in the comparable
period  in  the  prior  fiscal  year.  The  decrease  was the result of the cost
reduction  measures  implemented  during  fiscal  year 2002, as discussed above.

     Research  and development expenses for the three months ended September 30,
2002  decreased  21%  to  $669, compared to $852 in the comparable period in the
prior  fiscal  year.  A reduction in research and development spending was among
the  cost reduction measures referred to above.  Additionally, certain costs for
developing  products  and  processes  are  now  included in cost of sales to the
extent  these  products  and processes have entered into the production stage of
their  development.

     Bookings  for  the  three  months  ended  September  30, 2002 were $12,233,
compared  to  $10,157  for  the  three  months  ended  September  30,  2001.
Cancellations  have  returned  to  historical  levels,  but bookings remain low,
particularly  in  the  fiber  optic  and  semiconductor  manufacturing equipment
sectors.  Bookings improved in nearly all product lines as compared to the first
quarter  of  fiscal  year 2002 and have increased modestly in most product lines
over  the  past  three  quarters.

     The  backlog  of unfilled orders at September 30, 2002 was $9,035, compared
to  $12,545  at September 30, 2001 and $9,310 at June 30, 2002.  The decrease in
backlog  compared  to  September  30,  2001 is primarily the result of customers
placing  orders  with  shorter  delivery requirements.  During the early part of
fiscal year 2002, the Registrant was still shipping orders from backlog that had
accumulated  months  earlier.

     As  a  result  of  the  foregoing,  net  income  for the three months ended
September  30,  2002  was  $338, or $.04 per common share ($.04 per common share
assuming  dilution),  compared  to  net income of $298, or $.04 per common share
($.04  per  common  share  assuming  dilution), for the comparable period in the
prior  fiscal  year.


                                        9
<PAGE>
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
                      (In thousands, except per share data)

LIQUIDITY  AND  CAPITAL  RESOURCES
----------------------------------

     The Registrant's financial position at September 30, 2002 remains strong as
evidenced  by  working  capital of $29,613, and stockholders' equity of $52,520.
The  Registrant's  current  ratio at September 30, 2002 was 7.5:1, compared to a
current  ratio  of  4.4:1  at  June  30,  2002.  The Registrant's quick ratio at
September  30,  2002  was  3.2:1  as  compared  to  2.0:1 at June 30, 2002.  The
improvement  in  the  Registrant's current and quick ratios was primarily due to
the  use  of  available  cash to pay off bank debt (all of which was recorded as
current  liabilities  at  June  30,  2002).

     Cash,  cash  equivalents  and  investments decreased by $2,180 to $7,974 at
September  30,  2002  from  $10,154  at  June  30, 2002, primarily the result of
retiring  the  bank  debt  as  described  below,  offset  partially  by positive
operating  cash  flows  in  excess  of capital expenditures. Accounts receivable
increased  by $136 to $6,464 at September 30, 2002 from $6,328 at June 30, 2002.
Inventories  decreased  by $505 to $14,912 at September 30, 2002 from $15,417 at
June  30, 2002. Accounts payable and accrued expenses decreased by $75 to $4,021
at  September  30,  2002  from  $4,096  at  June  30,  2002.

     The  Registrant  had  available two credit facilities with Bank of America,
N.A.:  a  revolving  line of credit of $4,000 and an equipment line of credit of
$8,500.  The  outstanding  principal  balance  under both lines bore interest at
1.5%  above  the one month rate for U.S. Dollar deposits on the London Interbank
Market  ("LIBOR").  These  credit  facilities  were subject to certain financial
covenants,  including  a  requirement  to maintain a certain level of annualized
earnings  before  interest,  taxes,  depreciation  and  amortization (EBITDA) to
current  debt  plus  annual  interest payments.  As of June 30, 2002, due to the
losses  incurred  by  the Registrant during fiscal year 2002, the Registrant was
not in compliance with this covenant.  The Registrant held discussions with Bank
of  America,  N.A  concerning  possible  amendments to the terms of the facility
which  proved  to  be unsuccessful.  Accordingly, in August 2002, the Registrant
repaid the outstanding balance of the equipment facility and terminated both the
equipment  facility  and  the revolving line of credit.  The Registrant believes
that  cash on hand, investments and cash flow from operations will be sufficient
to  fund  its  ongoing  cash  requirements  for  the  foreseeable  future.

     The  Registrant  leases  a  facility  in  Jacksonville,  Florida  from  a
partnership  controlled  by  the Registrant's President, Chief Executive Officer
and principal stockholder under a capital lease.  The rental payments under this
lease  have  been  adjusted  several  times, most recently as of September 2002,
primarily  to  reflect  certain  additions  to  the  facility  and  market value
adjustments based upon independent appraisals.  Effective September 1, 2002, the
Registrant is obligated to pay approximately $720 per annum under this lease, an
increase from $461 per annum during fiscal year 2002.  The payments due over the
remaining  nine  years  of  this capital lease, including the portion related to
interest,  total  approximately  $5,753.


                                       10
<PAGE>
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
                      (In thousands, except per share data)


     Capital  expenditures for the three months ended September 30, 2002 totaled
$331,  excluding  adjustments to the capital lease discussed above, expenditures
for  machinery and equipment and planned leasehold improvements.  The Registrant
intends  to use cash on hand to finance budgeted capital expenditures, primarily
for  equipment  acquisition, of approximately $2,000 for the remainder of fiscal
year  2003.

Aggregate contractual obligations as of September 30, 2002 mature as follows:

<TABLE>
<CAPTION>
                                    Payments Due by Period (in 000's)
                               -----------------------------------------
                                        Less
                                       than 1    1- 3    4- 5   After 5
Contractual Obligations        Total    year    years   years    years
-----------------------------  ------  -------  ------  ------  --------
<S>                            <C>     <C>      <C>     <C>     <C>
Bank Debt                      $  ---  $   ---  $  ---  $  ---  $    ---
Capital Lease Obligations       3,936      352   1,241   1,050     1,293
Operating Leases                2,610      544   1,246     820       ---
                               ------  -------  ------  ------  --------
Total Contractual Obligations  $6,546  $   896  $2,487  $1,870  $  1,293
                               ======  =======  ======  ======  ========
</TABLE>

     As  described  previously,  in  July  2002,  the  Registrant  repaid  the
outstanding  balance  of  its  equipment  line  from  Bank  of  America,  N.A.
Accordingly, the Registrant currently has no outstanding long-term bank debt, or
available  committed  lines  of  credit.

     The  Registrant  routinely  enters  into  binding  and non-binding purchase
obligations  in  the ordinary course of business, primarily covering anticipated
purchases  of inventory and equipment.  The terms of these commitments generally
do  not  extend  beyond  six months.  None of these obligations are individually
significant.  The  Registrant  does  not  expect  that  these  commitments  will
materially  adversely  affect  its  liquidity  in  the  foreseeable  future.

CRITICAL  ACCOUNTING  POLICIES
------------------------------

     The  Securities  and  Exchange  Commission  (the  "SEC")  recently  issued
disclosure  guidance  for  "critical  accounting  policies."  The  SEC  defines
"critical  accounting  policies"  as  those  that  require  the  application  of
management's  most difficult, subjective or complex judgments, often as a result
of  the  need  to make estimates about the effect of matters that are inherently
uncertain  and  may  change in subsequent periods.  The Registrant's significant
accounting  policies  are  described  in  Note  1  to its consolidated financial
statements contained in its Annual Report on Form 10-K for the fiscal year ended
June  30,  2002.  The Registrant believes that the following accounting policies
require  the  application  of management's most difficult, subjective or complex
judgments:


                                       11
<PAGE>
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
                      (In thousands, except per share data)


Allowances  for  Doubtful  Accounts  Receivable
-----------------------------------------------

     The  Registrant  performs  ongoing  credit evaluations of its customers and
adjusts  credit  limits  based  upon  payment  history  and  customer's  current
creditworthiness,  as  determined by its review of the customer's current credit
information.  The Registrant continuously monitors collections and payments from
its  customers and maintains an allowance for estimated credit losses based upon
its  historical  experience and any specific customer collection issues that the
Registrant  has  identified.  While  such  credit  losses have historically been
within  the  Registrant's  expectations  and  the  allowances  established,  the
Registrant  cannot guarantee that it will continue to experience the same credit
loss  rates  that  it  has  in  the  past.  Should the financial position of its
customers deteriorate resulting in an impairment of their ability to pay amounts
due,  the Registrant's revised estimate of such losses may negatively impact its
operating  results  in  the  future.

Sales  Returns  and  Allowances
-------------------------------

     In  the  ordinary  course  of  business,  the Registrant accepts returns of
products  sold  for  various  reasons  and grants sales allowances to customers.
While  the  Registrant engages in extensive product quality control programs and
processes,  its  level  of sales returns is affected by, among other things, the
quality  of  its manufacturing processes.  The Registrant maintains an allowance
for  sales  returns  and allowances based upon historical returns and allowances
granted.  While  such  returns  and allowances have historically been within the
Registrant's  expectations,  actual return and allowance rates in the future may
differ  from  current  estimates,  which  could  negatively impact its operating
results  in  the  future.

Inventory  Valuation
--------------------

     The  Registrant  values inventory at the lower of aggregate cost (First-in,
First-out) or market.  When the cost of inventory is determined by management to
be in excess of its market value, inventory is written down to its estimated net
realizable  value.  This  requires  the  Registrant  to  make  estimates  and
assumptions  about  several  factors  (e.g., future sales quantities and selling
prices,  and  percentage  complete  and failure rates for work in process) based
upon  historical  experience and its projections for future periods.  Changes in
factors  such  as the level of order bookings, the product mix of order bookings
and the Registrant's manufacturing processes could have a material impact on the
Registrant's  assessment of the net realizable value of inventory in the future.

Valuation  of  Deferred  Tax  Assets
------------------------------------

     The  Registrant  regularly  evaluates  its  ability to recover the reported
amount  of  its deferred income taxes considering several factors, including its
estimate  of  the  likelihood  of  the  Registrant generating sufficient taxable
income  in  future  years  during  the  period  over which temporary differences
reverse.  Presently,  the  Registrant  believes  that it is more likely than not
that  it will realize the benefits of its deferred tax assets based primarily on
its  history  of  and  projections  for  taxable  income  in the future, and its
intention to carry back net operating losses to generate refunds of income taxes
previously  paid.  In the event that actual results differ from its estimates or
the  Registrant  adjusts  these  estimates in future periods, the Registrant may
need to establish a valuation allowance against a portion or all of its deferred
tax  assets,  which could materially impact its financial position or results of
operations  in  future  periods.


                                       12
<PAGE>
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
                      (In thousands, except per share data)


Valuation  of  Long-lived  and  Intangible  Assets
--------------------------------------------------

     The  Registrant  assesses  the recoverability of long-lived assets whenever
the  Registrant determines that events or changes in circumstances indicate that
the  carrying  amount may not be recoverable.  Its assessment is primarily based
upon  its  estimate  of  future  cash  flows  associated with these assets.  The
Registrant has not determined that there has been an indication of impairment of
any  of  its  assets.  However,  should  its  operating  results deteriorate, or
anticipated  new  product  launches  not  occur  or  not  attain  the commercial
acceptance  that  the  Registrant anticipates, the Registrant may determine that
some  portion  of  its long-lived assets are impaired.  Such determination could
result  in non-cash charges to income that could materially affect its financial
position  or  results  of  operations  for  that  period.

IMPACT  OF  NEW  ACCOUNTING  STANDARDS:
---------------------------------------

     In  July  2002,  the  Registrant  adopted Statement of Financial Accounting
Standards  No.  143,  "Accounting  for  Asset Retirement Obligations" ("SFAS No.
143").  SFAS  No. 143 addresses financial accounting requirements for retirement
obligations associated with retirement of tangible long-lived assets and for the
associated  asset  retirement  costs.  The adoption of SFAS No. 143 did not have
any  impact  on the Registrant's consolidated results of operations or financial
position  for  the  quarter  ended  September  30,  2002.

     In  July  2002,  the  Registrant  adopted Statement of Financial Accounting
Standards  No.  144,  "Accounting  for  the Impairment or Disposal of Long-Lived
Assets"  ("SFAS  No.  144"),  which addresses financial accounting and reporting
for  the  impairment or disposal of long-lived assets.  SFAS No. 144 establishes
accounting  guidelines  for  the  impairment of long-lived assets to be held and
used;  to be disposed of other than by sale; and to be disposed of by sale.  The
adoption  of  SFAS  No.  144  did  not  have  any  impact  on  the  Registrant's
consolidated  results  of operations or financial position for the quarter ended
September  30,  2002.

     In  June 2002, the Financial Accounting Standards Board issued Statement of
Financial  Accounting  Standards  No. 146, "Accounting for Costs Associated with
Exit  or  Disposal  Activities" ("SFAS No. 146"), which is effective for exit or
disposal  activities initiated after December 31, 2002.  SFAS No. 146 applies to
costs associated with an exit activity (including restructuring costs) or with a
disposal  of  long-lived  assets.  Companies will record a liability for exit or
disposal  activity  as  such  amounts  are  incurred and can be measured at fair
value.  The  Registrant  does  not expect the adoption of SFAS No. 146 to have a
material impact on its consolidated results of operations or financial position.


                                       13
<PAGE>
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
                      (In thousands, except per share data)

ITEM  3.     QUANTITATIVE  AND  QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     The  Registrant  has  identified two market risks relative to its business:
foreign  currency  exchange  rate risk and commodity price risk.  The Registrant
has  managed  its  market  risk  exposures  in order to minimize their potential
impact  on  its  consolidated  financial  condition  and  results of operations.
Specifically:

     a)   Foreign  currency  exchange  rate risk. With the exception of sales by
          ---------------------------------------
          the  Registrant's  wholly-owned  subsidiary,  in  Sweden  (which  are
          denominated in Krona), all transactions are, or are anticipated to be,
          denominated  in  U.S.  Dollars. The Registrant has not experienced any
          significant  impact  from  exchange  rate fluctuation in the past, and
          does  not  anticipate  a  significant  impact  due  to  exchange  rate
          fluctuation  in  the  foreseeable  future.

     b)   Commodity price risk. Following substantial reductions in the price of
          ---------------------
          palladium,  prices  for  this  precious  metal,  which  is used in the
          manufacture  of  the  Registrant's  capacitors,  have  stabilized. The
          Registrant  believes that, based upon its current levels of production
          and  inventories  of  palladium,  it  will  need  to  buy  additional
          quantities  of palladium later in the fiscal year at prevailing market
          prices.  Additionally,  the  Registrant  believes  that  the  price of
          palladium  will  remain stable due to the lower demand coming from the
          electronics  industry.

     The  Registrant  had identified two other market risks in its Annual Report
on  Form  10-K  for  the fiscal year ended June 30, 2002: interest rate risk and
security  price  risk.  During  the  quarter  ended  September  30,  2002,  the
Registrant  repaid  all  of  its  outstanding bank debt.  See Note 7 to Notes to
Unaudited  Consolidated  Financial  Statements  and "Management's Discussion and
Analysis  of  Financial  Condition  and  Results  of Operations -- Liquidity and
Capital  Resources."  Consequently, at the present time, the Registrant does not
consider  interest  rate  risk to be a market risk relative to its business.  In
addition,  all of the securities currently held by the Registrant for investment
are  government  securities with maturities of less than one year.  Accordingly,
at  the present time, the Registrant does not consider security price risk to be
a  market  risk  relative  to  its  business.

ITEM  4.     CONTROLS  AND  PROCEDURES

Evaluation  of  Disclosure  Controls  and  Procedures
-----------------------------------------------------

     In  response  to  the  requirements  of the Sarbanes-Oxley Act of 2002, the
Registrant  reviewed  and  modified its "disclosure controls and procedures" (as
defined  in  Securities  Exchange  Act  of 1934 Rules 13a-14(c) and 15(d)-4(c)).
Within  90  days  prior  to the date of this report (the "Evaluation Date"), the
Registrant's  President  and  Chief  Executive  Officer  and  Vice  President,
Controller  carried  out  an evaluation of the effectiveness of these disclosure
controls  and  procedures.  Based  on  that evaluation, these officers concluded
that,  as  of  the  Evaluation  Date,  the  Registrant's disclosure controls and
procedures  were  adequate  and  designed  to  ensure  that material information
relating  to the Registrant and the Registrant's consolidated subsidiaries would
be  made  known  to  them  by  others  within  those  entities.


                                       14
<PAGE>
Changes  in  Internal  Controls
-------------------------------

     Subsequent to the Evaluation Date, there were no significant changes in the
Registrant's  internal  controls,  or  to  the  Registrant's knowledge, in other
factors  that  could  significantly  affect  these  controls.

                          PART II - OTHER INFORMATION

ITEMS  1.  THROUGH  5.      Not  Applicable
                            ---------------

ITEM  6.                    Exhibits  and  Reports  on  Form  8-K
                            -------------------------------------

 (a)                        Exhibits
                            --------

     Unless  otherwise  indicated,  the following exhibits were filed as part of
the  Registrant's  Registration  Statement  on  Form  S-18 (No. 2-96925-NY) (the
"Registration  Statement")  and are incorporated herein by reference to the same
exhibit  thereto:

EXHIBIT  NO.     DESCRIPTION
------------     -----------

3(a)(i)     -    Certificate  of  Incorporation  of  the  Registrant.

3(a)(ii)    -    Amendment  to  Certificate  of  Incorporation.  (1)

3(b)(i)     -    By-laws  of  the  Registrant.

9(a)(i)     -    Restated  Shareholders' Agreement, dated April 15, 1985, among
                 Victor  Insetta,  Joseph  Mezey,  Joseph  Colandrea  and the
                 Registrant.

10(b)       -    Lease,  dated September 1, 2002, between Stepar Leasing, LLC
                 and  the  Registrant  for  premises  at  15  Stepar  Place,
                 Huntington  Station,  N.Y.  (13)

10(c)(i)    -    Form  of  1985  Employee  Stock  Sale  Agreement  between the
                 Registrant  and  various  employees.

10(c)(ii)   -    Form  of Employee Stock Bonus Agreement, dated as of July 1,
                 1993,  between  the  Registrant  and  various employees. (2)

10(c)(iii)  -    Form  of  Employee Stock Bonus Agreement, dated as of April
                 19,  1994, between the Registrant and various employees. (2)

10(c)(iv)   -    Form  of  Employee  Stock Bonus Agreement, dated as of April
                 20,  1995, between the Registrant and various employees. (3)

10(e)(i)    -    Second  Amended and Restated Lease, dated as of May 16, 2000,
                 between  V.P.I.  Properties  Associates,  d/b/a  V.P.I.
                 Properties Associates, Ltd., and American Technical Ceramics
                 (Florida),  Inc.  (8)

                                       15
<PAGE>

10(f)      -     Purchase  Agreement,  dated May 31, 1989, by and among Diane
                 LaFond  Insetta  and/or Victor D. Insetta, as custodians for
                 Danielle  and  Jonathan  Insetta,  and  American  Technical
                 Ceramics  Corp., and amendment thereto, dated July 31, 1989.
                 (3)

10(g)(iii) -     Profit  Bonus Plan, dated April 19, 1995, and effective for
                 the  fiscal  years  beginning  July  1,  1994.  (3)

10(g)(iv)  -     Employment  Agreement,  dated  April 3, 1985, between Victor
                 Insetta  and  the Registrant, and Amendments No. 1 through 4
                 thereto.  (1)

10(g)(v)   -     Amendment  No.  5,  dated  as  of  September  11,  1998,  to
                 Employment  Agreement  between  Victor  Insetta  and  the
                 Registrant.  (5)

10(g)(vi)  -     Managers  Profit  Bonus  Plan,  dated  December 7, 1999, and
                 effective  January  1,  2000.  (7)

10(h)      -     Employment  Agreement,  dated September 1, 2000, between the
                 Registrant  and  Richard  Monsorno.  (9)

10(k)      -     Consulting  Agreement,  dated  October  2000,  between  the
                 Registrant  and  Stuart  P.  Litt.  (9)

10(m)(i)   -     American  Technical  Ceramics  Corp.  1997 Stock Option Plan.
(4)

10(m)(ii)  -     American Technical Ceramics Corp. 2000 Incentive Stock Plan.
                 (7)

10(o)(i)   -     Loan  Agreement,  dated  November  25,  1998,  between  the
                 Registrant  and  NationsBank,  N.A.  (6)

10(o)(ii)  -     Amendment to Loan Agreement, dated February 4, 1999, between
                 the  Registrant  and  NationsBank,  N.A.  (7)

10(o)(iii) -     Second  Amendment  to Loan Agreement, dated April 13, 2000,
                 between  the  Registrant  and  Bank  of  America,  N.A.,  as
                 successor  to  NationsBank,  N.A.  (7)

10(o)(iv)  -     Third  Amendment  to Loan Agreement, dated October 26, 2000,
                 between  the  Registrant  and  Bank  of  America,  N.A.,  as
                 successor  to  NationsBank,  N.A.  (10)

10(o)(v)   -     Fourth  Amendment  to  Loan  Agreement, dated March 30, 2001,
                 between  the  Registrant  and  Bank  of  America,  N.A.,  as
                 successor  to  NationsBank,  N.A.  (10)

10(p)      -     Second  Amended  and Restated Employment Agreement, dated as
                 of  December 31, 2001 between Judah Wolf and the Registrant.
                 (11)

10(q)      -     Mortgage Note between American Technical Ceramics Corp. and
                 European American Bank, N.A., dated as of August 17, 2000.
                 (8)

10(r)      -     Employment  Agreement,  dated  April  10,  2001, between the
                 Registrant  and  David  Ott.  (10)


                                       16
<PAGE>
10(r)(i)   -     Amendment  to  Employment  Agreement,  dated as of January 1,
                 2001,  between  David  Ott  and  the  Registrant.  (11)

21         -     Subsidiaries  of  the  Registrant.  (12)
------------------------
1.   Incorporated  by  reference  to the Registrant's Annual Report on Form 10-K
     for  the  fiscal  year  ended  June  30,  1993.

2.   Incorporated  by reference to the Registrant's Annual Report on Form 10-KSB
     for  the  fiscal  year  ended  June  30,  1994.

3.   Incorporated  by reference to the Registrant's Annual Report on Form 10-KSB
     for  the  fiscal  year  ended  June  30,  1995.

4.   Incorporated  by  reference  to the Registrant's Annual Report on Form 10-K
     for  the  fiscal  year  ended  June  30,  1997.

5.   Incorporated  by  reference  to the Registrant's Annual Report on Form 10-K
     for  the  fiscal  year  ended  June  30,  1998.

6.   Incorporated by reference to the Registrant's Quarterly Report on Form 10-Q
     for  the  quarterly  period  ended  December  31,  1998.

7.   Incorporated  by  reference  to the Registrant's Annual Report on Form 10-K
     for  the  fiscal  year  ended  June  30,  2000.

8.   Incorporated by reference to the Registrant's Quarterly Report on Form 10-Q
     for  the  quarterly  period  ended  September  30,  2000.

9.   Incorporated by reference to the Registrant's Quarterly Report on Form 10-Q
     for  the  quarterly  period  ended  December  31,  2000.

10.  Incorporated by reference to the Registrant's Quarterly Report on Form 10-Q
     for  the  quarterly  period  ended  March  31,  2001.

11.  Incorporated  by  reference  to  the  Registrant's Quarterly Report on Form
     10-Q/A  for  the  quarterly  period  ended  March  31,  2002.

12.  Incorporated  by  reference  to the Registrant's Annual Report on Form 10-K
     for  the  fiscal  year  ended  June  30,  2002.

13.  Filed  herewith.

(b)                              REPORTS  ON  FORM  8-K
                                 ----------------------

     On  September  27,  2002,  the  Registrant  furnished  a report on Form 8-K
together  with  the  Registrant's Annual Report on Form 10-K for the fiscal year
ended  June  30,  2002.  The  report  on  Form  8-K  contained the certification
required  by  Section  906  of  the  Sarbanes-Oxley  Act  of  2002.


                                       17
<PAGE>
                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has  been  signed  below by the following persons on behalf of the Registrant in
the  capacities  and  on  the  dates  indicated:



                        AMERICAN TECHNICAL CERAMICS CORP.
                                  (Registrant)


     DATE:     November 13, 2002                     BY:  /s/ VICTOR INSETTA
                                                          ------------------
                                                           Victor  Insetta
                                                       President and Director
                                                   (Principal Executive Officer)




     DATE:     November 13, 2002                    BY:  /s/ ANDREW R. PERZ
                                                         ------------------
                                                           Andrew R. Perz
                                                    Vice President, Controller
                                                  (Principal Accounting Officer)


                                       18
<PAGE>
I,  Andrew  R.  Perz,  certify  that:

1.   I  have  reviewed  this quarterly report on Form 10-Q of American Technical
     Ceramics  Corp.;

2.   Based  on  my  knowledge, this quarterly report does not contain any untrue
     statement  of a material fact or omit to state a material fact necessary to
     make  the  statements  made, in light of the circumstances under which such
     statements  were made, not misleading with respect to the period covered by
     this  quarterly  report;  and

3.   Based  on  my  knowledge,  the  financial  statements,  and other financial
     information  included  in  this  quarterly  report,  fairly  present in all
     material  respects  the financial condition, results of operations and cash
     flows  of  the  Registrant  as  of,  and for, the periods presented in this
     quarterly  report.

4.   The  Registrant's  other  certifying  officers  and  I  are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in  Exchange  Act  Rules 13a-14 and 15d-14) for the Registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to  ensure that
          material  information  relating  to  the  Registrant,  including  its
          consolidated  subsidiaries, is made known to us by others within those
          entities,  particularly  during  the  period  in  which this quarterly
          report  is  being  prepared;

     b)   evaluated  the  effectiveness  of the Registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this  quarterly  report  (the  "Evaluation  Date");  and

     c)   presented  in  this  quarterly  report  our  conclusions  about  the
          effectiveness  of  the disclosure controls and procedures based on our
          evaluation  as  of  the  Evaluation  Date;

5.   The  Registrant's  other certifying officers and I have disclosed, based on
     our  most  recent  evaluation,  to  the Registrant's auditors and the audit
     committee of the Registrant's board of directors (or persons performing the
     equivalent  function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which  could  adversely  affect  the Registrant's ability to
          record,  process,  summarize  and  report  financial  data  and  have
          identified  for  the  Registrant's  auditors  any material weakness in
          internal  controls;  and

     b)   any  fraud, whether or not material, that involves management or other
          employees  who  have  a  significant role in the Registrant's internal
          controls;  and

6.   The  Registrant's  other  certifying  officers and I have indicated in this
     quarterly  report whether or not there were significant changes in internal
     controls  or  in  other  factors  that  could significantly affect internal
     controls  subsequent  to  the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.


          Dated:  November 13, 2002                    /s/  ANDREW R. PERZ
                                                       -------------------
                                                    Vice President, Controller
                                                  (Principal Accounting Officer)


                                       19
<PAGE>
I,  Victor  Insetta,  certify  that:

1.   I  have  reviewed  this quarterly report on Form 10-Q of American Technical
     Ceramics  Corp.;

2.   Based  on  my  knowledge, this quarterly report does not contain any untrue
     statement  of a material fact or omit to state a material fact necessary to
     make  the  statements  made, in light of the circumstances under which such
     statements  were made, not misleading with respect to the period covered by
     this  quarterly  report;  and

3.   Based  on  my  knowledge,  the  financial  statements,  and other financial
     information  included  in  this  quarterly  report,  fairly  present in all
     material  respects  the financial condition, results of operations and cash
     flows  of  the  Registrant  as  of,  and for, the periods presented in this
     quarterly  report.

4.   The  Registrant's  other  certifying  officers  and  I  are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in  Exchange  Act  Rules 13a-14 and 15d-14) for the Registrant and we have:

     a)   designed such disclosure controls and procedures to ensure that
          material information relating to the Registrant, including its
          consolidated subsidiaries, is made known to us by others within those
          entities, particularly during the period in which this quarterly
          report is being prepared;

     b)   evaluated the effectiveness of the Registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly  report  our  conclusions  about  the
          effectiveness  of  the disclosure controls and procedures based on our
          evaluation  as  of  the  Evaluation  Date;

5.   The Registrant's other certifying officers and I have disclosed, based on
     our most recent evaluation, to the Registrant's auditors and the audit
     committee of the Registrant's board of directors (or persons performing the
     equivalent function):

     a)   all significant deficiencies in the design or operation of internal
          controls which could adversely affect the Registrant's ability to
          record, process, summarize and report financial data and have
          identified for the Registrant's auditors any material weakness in
          internal controls; and

     b)   any  fraud, whether or not material, that involves management or other
          employees  who  have  a  significant role in the Registrant's internal
          controls;  and

6.   The  Registrant's  other  certifying  officers and I have indicated in this
     quarterly  report whether or not there were significant changes in internal
     controls  or  in  other  factors  that  could significantly affect internal
     controls  subsequent  to  the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

          Dated:  November 13, 2002                /s/  VICTOR INSETTA
                                                   -------------------
                                           President and Chief Executive Officer
                                               (Principal Executive Officer)


                                       20
<PAGE>