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 MARCH 31, 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 Identification No.)
 incorporation or organization)


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  May  6,  2002, the Registrant had outstanding 8,492,258 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 per share data)


                                                                          MARCH 31, 2002    JUNE 30, 2001
                                                                         ----------------  ---------------
ASSETS                                                                     (unaudited)
<S>                                                                      <C>               <C>
Current Assets
   Cash (including cash equivalents of $1,268 and
      $552, respectively)                                                $         2,648   $        1,659
   Investments                                                                     3,009            3,520
   Accounts receivable, net                                                        6,623           11,530
   Inventories                                                                    22,604           24,568
   Deferred income taxes, net                                                      1,722            1,722
   Other current assets                                                            1,267            1,289
                                                                         ----------------  ---------------
                                           TOTAL CURRENT ASSETS                   37,873           44,288
                                                                         ----------------  ---------------

Property, plant and equipment, net of accumulated depreciation
   and amortization of $31,163 and $27,639, respectively                          31,110           32,089
Other assets, net                                                                    178              199
                                                                         ----------------  ---------------
                                           TOTAL ASSETS                  $        69,161   $       76,576
                                                                         ================  ===============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
   Current portion of long-term debt                                     $           984   $          877
   Accounts payable                                                                  991            1,755
   Accrued expenses                                                                3,236            6,235
   Income taxes payable, net                                                         ---            1,759
                                                                         ----------------  ---------------
                                           TOTAL CURRENT LIABILITIES               5,211           10,626

Long-term debt, net of current portion                                             6,560            7,211
Deferred income taxes                                                              2,876            2,910
                                                                         ----------------  ---------------
                                           TOTAL LIABILITIES                      14,647           20,747
                                                                         ----------------  ---------------

Commitments and Contingencies

Stockholders' Equity
   Common Stock -- $.01 par value; authorized 20,000
        shares; issued 8,487 and 8,451 shares, respectively                           85               85
   Capital in excess of par value                                                 11,555           11,260
   Retained earnings                                                              44,617           46,414
   Accumulated other comprehensive income (loss):
      Unrealized (loss) gain on investments available-for-sale, net                   (8)              56
      Cumulative foreign currency translation adjustment                            (240)            (294)
                                                                         ----------------  ---------------
                                                                                    (248)            (238)
                                                                         ----------------  ---------------
    Less:   Treasury stock, at cost (427 and 444 shares, respectively)             1,418            1,447
              Deferred compensation                                                   77              245
                                                                         ----------------  ---------------
                                           TOTAL STOCKHOLDERS' EQUITY             54,514           55,829
                                                                         ----------------  ---------------

                                                                         $        69,161   $       76,576
                                                                         ================  ===============

See accompanying notes to unaudited consolidated financial statements.
</TABLE>


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

                                                                           For the Quarter Ended        For the Nine Months Ended
                                                                                 March  31,                   March  31,
                                                                            2002           2001           2002           2001
                                                                        -------------  -------------  -------------  -------------
<S>                                                                     <C>            <C>            <C>            <C>
Net sales                                                               $     11,956   $     23,359   $     37,443   $     65,582
Cost of sales                                                                  9,412         13,385         28,202         37,611

                                                                        -------------  -------------  -------------  -------------
   Gross profit                                                                2,544          9,974          9,241         27,971
                                                                        -------------  -------------  -------------  -------------

Selling, general and administrative expenses                                   3,158          4,207          9,313         12,279
Research and development expenses                                                923          1,167          2,608          3,297

                                                                        -------------  -------------  -------------  -------------
   Operating expenses                                                          4,081          5,374         11,921         15,576
                                                                        -------------  -------------  -------------  -------------

                                                                        -------------  -------------  -------------  -------------
   (Loss)/ Income from operations                                             (1,537)         4,600         (2,680)        12,395
                                                                        -------------  -------------  -------------  -------------

Other (income) expense:
   Interest expense                                                              113            149            386            409
   Interest income                                                               (22)           (72)          (158)          (262)
   Other                                                                         (27)           (29)          (186)           (58)

                                                                        -------------  -------------  -------------  -------------
                                                                                  64             48             42             89
                                                                        -------------  -------------  -------------  -------------

(Loss)/ Income before provision for income taxes                              (1,601)         4,552         (2,722)        12,306

Provision for income taxes                                                      (544)         1,593           (925)         4,307

                                                                        -------------  -------------  -------------  -------------
Net (loss)/ income                                                      $     (1,057)  $      2,959   $     (1,797)  $      7,999
                                                                        =============  =============  =============  =============


Basic net  (loss)/ income per common share                              $      (0.13)  $       0.37   $      (0.22)  $       1.01
                                                                        =============  =============  =============  =============

Diluted net (loss)/ income per common share                             $      (0.13)  $       0.35   $      (0.22)  $       0.96
                                                                        =============  =============  =============  =============

Basic weighted average common
   shares outstanding                                                          8,058          7,973          8,045          7,950
                                                                        =============  =============  =============  =============

Diluted weighted average common
  shares outstanding                                                           8,058          8,355          8,045          8,336
                                                                        =============  =============  =============  =============


See accompanying notes to unaudited consolidated financial statements.
</TABLE>


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

                                                                             For the Nine Months Ended March 31,
                                                                                 2002                  2001
                                                                         --------------------  --------------------
                                                                                       (In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:                                                   (unaudited)
<S>                                                                      <C>                   <C>
   Net (Loss)/ income                                                    $            (1,797)  $             7,999
   Adjustments to reconcile net income to net cash
    provided by operating activities:
      Depreciation and amortization                                                    3,849                 2,921
      Loss (gain) on disposal of fixed assets                                             28                   (11)
      Stock award compensation expense                                                   287                   527
      Realized gain on sale of investments                                              (160)                  ---
   Changes in operating assets and liabilities:
      Accounts receivable                                                              4,907                  (483)
      Inventories                                                                      1,964                (6,549)
      Other assets                                                                       415                   (19)
      Accounts payable and accrued expenses                                           (3,763)                   88
      Income taxes payable                                                            (2,080)                1,317

                                                                         --------------------  --------------------
   Net cash provided by operating activities                                           3,650                 5,790
                                                                         --------------------  --------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
      Capital expenditures                                                            (2,926)              (10,443)
      Purchase of investments                                                         (4,325)                 (102)
      Proceeds from sale of investments                                                4,898                   ---
      Proceeds from sale of fixed assets                                                  29                    48

                                                                         --------------------  --------------------
   Net cash used in investing activities                                              (2,324)              (10,497)
                                                                         --------------------  --------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
      Repayment of debt                                                               (2,544)                 (316)
      Proceeds from the exercise of stock options                                        154                   356
      Proceeds from issuance of debt                                                   2,000                 3,784

                                                                         --------------------  --------------------
   Net cash (used in) provided by financing activities                                  (390)                3,824
                                                                         --------------------  --------------------

                                                                         --------------------  --------------------
      Effect of exchange rate changes on cash                                             53                  (241)
                                                                         --------------------  --------------------


      Net increase/ (decrease) in cash and cash equivalents                              989                (1,124)


CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                                           1,659                 2,277

                                                                         --------------------  --------------------
CASH AND CASH EQUIVALENTS, END OF PERIOD                                 $             2,648   $             1,153
                                                                         ====================  ====================

Supplemental cash flow information:
      Interest paid                                                      $               418   $               409
      Taxes paid                                                         $             1,165   $             3,248

See accompanying notes to unaudited consolidated financial statements.
</TABLE>


                                      -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 March 31, 2002 and the results of its operations for
the  three  and  nine  month  periods  ended  March  31,  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, 2001.  Results for the three and nine month periods
ended  March  31,  2002 are not necessarily indicative of results which could be
expected  for  the  entire  year.

(2)  IMPACT  OF  NEW  ACCOUNTING  STANDARDS:

     The Financial Accounting Standards Board recently issued Statement No. 141,
"Business  Combinations"  ("SFAS  No. 141") and Statement No. 142, "Goodwill and
Other  Intangible  Assets"  ("SFAS  No.  142").  SFAS  No. 141 provides that all
business  combinations initiated after June 30, 2001 must be accounted for using
the  purchase  method.  Statement  No.  142 provides that intangible assets with
estimable  useful  lives  are  amortized to their estimated residual values over
those  estimated  useful lives.  Statement No. 142 also provides that intangible
assets  with indefinite useful lives are not to be amortized, but rather, tested
for  impairment  at  least  annually  in  accordance  with the provisions of the
Statement.  Although  SFAS  No.  142 will become effective for the Registrant on
July  1, 2002, the Registrant does not presently have any goodwill or intangible
assets  that  would  be  affected  by  this  Statement.

     In  July 2001, the Financial Accounting Standards Board issued 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.  SFAS No. 143
requires a company to record the fair value of an asset retirement obligation in
the  period  in  which  it  incurred  a  legal  obligation  associated  with the
retirement  of  tangible  long-lived  assets  that results from the acquisition,
construction development and/or normal use of the asset.  The company is also to
record  a corresponding increase to the carrying amount of the related asset and
to depreciate that cost over the life of the asset.  The amount of the liability
is  changed at the end of each period to reflect the passage of time and changes
in  estimated  future  cash  flows.  SFAS  No. 143 is effective for fiscal years
beginning after June 15, 2002.  The Registrant has not yet determined the impact
of  its  planned  adoption  of  SFAS  No.  143  (anticipated  for July 1, 2002).


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

     In  August  2001, the Financial Accounting Standards Board issued 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.  SFAS No. 144 is effective for fiscal years beginning after
December 15, 2001 and interim periods within those fiscal years.  The Registrant
has  not  yet  determined  the  impact  of  its planned adoption of SFAS No. 144
(anticipated  for  July  1,  2002).


(3)  SUPPLEMENTAL  CASH  FLOW  INFORMATION:

     During  the  nine  months  ended March 31, 2002, the Registrant (i) granted
$119  in  deferred compensation stock awards, (ii) recognized a $51 reduction of
income  taxes  payable  related  to  stock  options  exercised, and (iii) issued
treasury  stock  in  connection  with  stock  awards  with  a cost basis of $29.


(4)  INVENTORIES:

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

<TABLE>
<CAPTION>
                   March 31,   June 30,
                     2002        2001
                  -----------  ---------
                  (unaudited)

<S>               <C>          <C>
Raw materials     $    13,785  $  13,388
Work-in-process         3,898      4,717
Finished goods          4,921      6,463
                  -----------  ---------
                  $    22,604  $  24,568
                  ===========  =========
</TABLE>


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


(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 Three Months Ended March 31,
                                                     2002                                         2001
                                                     ----                                         ----
                                    (Loss) /
                                     Income         Shares       Per-Share        Income         Shares      Per-Share
                                   (Numerator)   (Denominator)     Amount       (Numerator)   (Denominator)    Amount
                                 --------------  -------------  ------------  --------------  -------------  ----------
<S>                              <C>             <C>            <C>           <C>             <C>            <C>
Basic EPS                        $      (1,057)          8,058  $      (.13)  $        2,959          7,973  $      .37
                                                                ============                                 ==========
Effect of Dilutive Securities:
   Stock options                                           ---                                          359
   Deferred compensation
      stock awards                                         ---                                           23

                                 --------------  -------------  ------------  --------------  -------------  ----------
Diluted EPS                      $      (1,057)          8,058  $      (.13)  $        2,959          8,355  $      .35
                                 ==============  =============  ============  ==============  =============  ==========
</TABLE>


<TABLE>
<CAPTION>
                                                          For the Nine Months Ended December 31,
                                                     2002                                         2001
                                                     ----                                         ----
                                   (Loss) /
                                    Income          Shares       Per-Share        Income         Shares      Per-Share
                                  (Numerator)    (Denominator)     Amount       (Numerator)   (Denominator)    Amount
                                 --------------  -------------  ------------  --------------  -------------  ----------
<S>                              <C>             <C>            <C>           <C>             <C>            <C>
Basic EPS                        $      (1,797)          8,045  $      (.22)  $        7,999          7,950  $     1.01
                                                                ============                                 ==========
Effect of Dilutive Securities:
   Stock options                                           ---                                          363
   Deferred compensation
      stock awards                                         ---                                           23

                                 --------------  -------------  ------------  --------------  -------------  ----------
Diluted EPS                      $      (1,797)          8,045  $      (.22)  $        7,999          8,336  $      .96
                                 ==============  =============  ============  ==============  =============  ==========
</TABLE>


     Options  covering  970  shares  have  been  omitted from the calculation of
dilutive  EPS  for  the three and nine months ended March 31, 2002 because their
inclusion  would  have  been  antidilutive.


                                      -7-
<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
                                                                   March  31,
                                                             2002             2001
                                                        ---------------  ---------------
<S>                                                     <C>              <C>
Net (loss)/income                                       $       (1,057)  $        2,959
                                                        ---------------  ---------------

Other comprehensive income
  Foreign currency translation adjustments                         (13)            (295)
  Unrealized (loss)/ gains on investments, net of tax:             (34)              39
                                                        ---------------  ---------------

Other comprehensive loss                                           (47)            (256)
                                                        ---------------  ---------------

Comprehensive (loss)/ income                            $       (1,104)  $        2,703
                                                        ===============  ===============
</TABLE>


<TABLE>
<CAPTION>
                                                           For The Nine Months Ended
                                                                  March  31,
                                                             2002             2001
                                                        ---------------  ---------------
<S>                                                     <C>              <C>
Net (loss)/ income                                      $       (1,797)  $        7,999
                                                        ---------------  ---------------

Other comprehensive income
  Foreign currency translation adjustments                          54             (241)
  Unrealized (loss)/ gains on investments, net of tax:             (64)             159
                                                        ---------------  ---------------

Other comprehensive loss                                           (10)             (82)
                                                        ---------------  ---------------

Comprehensive (loss)/ income                            $       (1,807)  $        7,917
                                                        ===============  ===============
</TABLE>


(7)  INDEBTEDNESS:

     The  Registrant's  credit  agreements  contain 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.  While the Registrant is currently in compliance
with  this  covenant,  it is likely that the Registrant will be in default under
this covenant on June 30, 2002.  In such case, the bank could require payment in
full  of the outstanding balance under the credit agreement ($4,768 at March 31,
2002).  The  Registrant  believes that, in the event of default, it will be able
to  secure  alternative  financing,  which together with available cash, will be
sufficient  to enable it to refinance these amounts.  There can be no assurance,
however,  that  the  Registrant  will be able to refinance or that the bank will
waive  any  default.


                                      -8-
<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.

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

Three  Months  Ended  March  31, 2002 Compared with Three Months Ended March 31,
--------------------------------------------------------------------------------
2001
----

     Net  sales  for  the  three  months  ended  March 31, 2002 decreased 49% to
$11,956, compared to  $23,359 in the comparable period in the prior fiscal year.
The  decrease  in  net  sales was primarily the result of decreased sales volume
across  all  major  product  lines.  The decline in sales is due to the economic
downturn affecting the entire electronic component industry.  Sales were down in
all  market  sectors,  except  the  medical  equipment  sector.

     Gross  margin  for  the  three months ended March 31, 2002 was 21.3% of net
sales,  compared  to  42.7%  for the comparable period in the prior fiscal year.
The  decrease  in  gross  margin was principally due to lower sales volume. Cost
reduction  measures  put  in place during the fourth quarter of fiscal year 2001
and  the  first  quarter of fiscal year 2002 have partially offset the impact of
lower sales on gross margins.  These measures included a reduction in headcount,
reduced  capital  spending  and general cost controls on discretionary spending.
In  comparison to the three months ended December 31, 2001 gross margins for the
three  months  ended  March 31, 2002 were negatively impacted by several factors
including  a  reduction  in  benefits  from  reclaiming  activities,  resulting
primarily from reduced manufacturing levels, offset by a reduction in charges to
write  down  inventory  to  net  realizable  value.


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

     Selling,  general  and  administrative  expenses for the three months ended
March  31,  2002  decreased  25% to $3,158, compared to $4,207 in the comparable
period  in  the prior fiscal year.  The decrease was due to decreased commission
expense  as  a  result of the decrease in net sales, lower bonus accruals due to
decreased  profitability  and  decreased  payroll  related  expenses due to cost
reduction  measures instituted in the fourth quarter of fiscal year 2001 and the
first  quarter  of  fiscal  year  2002.

     Research and development expenses for the three months ended March 31, 2002
decreased  21% to $923, compared to $1,167 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.

     Bookings  for  the three months ended March 31, 2002 were $11,803, compared
to  $22,079  for  the  three  months  ended  March 31, 2001.  Cancellations have
returned  to  historical  levels,  but  bookings remain low, particularly in the
fiber  optic  and  semiconductor manufacturing equipment sectors.  Bookings have
recovered  during  the  second quarter of fiscal year 2002, particularly for the
Registrant's  core  capacitors  serving  the  wireless  infrastructure,  medical
equipment  and  military  sectors.  However,  they  remain well below the record
levels  experienced  during the fiscal year ended June 30, 2001.  The Registrant
anticipates continued modest improvement in bookings over the next few quarters.
Delivery  times  and  price are key factors in obtaining orders.  The Registrant
believes its current levels of inventories should enable it to deliver orders in
the  short  time  frames  currently  required  by  many  of  its  customers.

     The  backlog  of  unfilled  orders was $9,745 at March 31, 2002 compared to
$29,241  at March 31, 2001 and $16,153 at June 30, 2001. The decrease in backlog
compared  to  March  31,  2001 is primarily the result of bookings cancellations
incurred  during the latter half of fiscal year 2001 as a result of the economic
weakness  in the electronic component industry. The decrease in backlog compared
to  June  30, 2001 was primarily due to shipments in excess of order bookings as
the  Registrant  continued  to ship orders out of backlog scheduled for delivery
during  the  first  half  of  fiscal  year 2002. The Registrant anticipates that
customers will place orders with short delivery requirements for the foreseeable
future  resulting  in  a  slow  growth  in  sales and bookings over the next few
quarters.  As  a  result, the level of backlog is a less meaningful indicator of
the  strength  of  the  Registrant's  business  than  it  has  been in the past.

     As a result of the foregoing, net loss for the three months ended March 31,
2002  was  $1,057,  or ($.13) per common share (($.13) per common share assuming
dilution),  compared to net income of $2,959, or $.37 per common share ($.35 per
common  share  assuming dilution), for the comparable period in the prior fiscal
year.


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

Nine  Months Ended March 31, 2002 Compared with Nine Months Ended March 31, 2001
--------------------------------------------------------------------------------

     Net  sales  for  the  nine  months  ended  March  31, 2002 decreased 43% to
$37,443, compared to  $65,582 in the comparable period in the prior fiscal year.
The  decrease  in  net  sales was primarily the result of decreased sales volume
across  all  major  product  lines.  The decline in sales is due to the economic
downturn affecting the entire electronic component industry.  Sales were down in
all  market  sectors  except  the  medical  equipment  sector.  Sales to a major
medical  equipment  OEM  accounted  for 10% of the Registrant's net sales in the
nine  months  ended  March  31,  2002.

     Gross  margin  for  the  nine  months ended March 31, 2002 was 24.7% of net
sales,  compared  to  42.7%  for the comparable period in the prior fiscal year.
The decrease in gross margin was principally due to lower sales volume.  Cost of
sales  for  the nine months ended March 31, 2002 was also negatively impacted by
the  decline in precious metal recovery discussed above and charges of $1,357 to
write  down  certain  inventory to estimated net realizable value as a result of
excess  quantities,  customer  requirements  and  other causes.  Similar charges
against  inventory  may  be  necessary  in future periods depending upon various
factors,  including  demand  for the Registrant's products and the efficiency of
its  production process.  Cost reduction measures put in place during the fourth
quarter  of  fiscal  year 2001 and in the first quarter of fiscal year 2002 have
partially  offset  the  impact  of  the  lower sales.  These measures included a
reduction  in  headcount,  reduced capital spending and general cost controls on
discretionary  spending.

     Selling,  general  and  administrative  expenses  for the nine months ended
March  31,  2002  decreased  24% to $9,313 compared to $12,279 in the comparable
period  in  the prior fiscal year.  The decrease was due to decreased commission
expense  as  a  result of the decrease in net sales, lower bonus accruals due to
decreased  profitability  and  decreased  payroll  related  expenses due to cost
reduction  measures instituted in the fourth quarter of fiscal year 2001 and the
first  quarter  of fiscal year 2002, partially offset by severance costs of $203
incurred  in  connection  with  the headcount reduction in the United States and
England,  and  professional  fees  incurred  in  connection  with  closing  the
Registrant's  sales  office  in  England.

     Research  and development expenses for the nine months ended March 31, 2002
decreased  21%  to  $2,608,  compared  to $3,297 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.

     The  Registrant  experienced a net loss for the nine months ended March 31,
2002  primarily  due  to  the  low  sales  level  in  relation  to  fixed costs,
particularly  in  the  second  and  third  quarters,  and the low precious metal
recovery  and  inventory  charges  discussed  above. The cost reduction measures
employed  by the Registrant did not fully compensate for the decline in revenue.

     As  a  result  of the continued softness in sales, the Registrant has taken
further  measures  to  reduce  costs  in the fourth quarter, including a further
reduction  in  headcount.  The  Registrant  expects  that  it  will receive some
benefit  from  these  measures  during  the  fourth quarter and the full benefit
during  the next fiscal year.  However, the Registrant also expects that it will
incur  additional  expenditures  in  connection  with  these measures which will
impact  its  results  for  the  fourth  quarter  and  fiscal  year  2002.


                                      -11-
<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 March 31, 2002 remains strong as
evidenced  by  working  capital  of $32,662 and stockholders' equity of $54,514.
The  Registrant's  current  ratio  at  March  31,  2002 was 7.3:1, compared to a
current  ratio of 4.2:1 at June 30, 2001.  The Registrant's quick ratio (current
assets  minus  inventory  divided  by current liabilities) at March 31, 2002 was
2.9:1  as  compared  to  1.9:1  at  June  30,  2001.  The  improvements  in  the
Registrant's  current ratio and quick ratio were primarily due to a reduction in
current liabilities as a result of lower raw material purchases, lower bonus and
commission accruals due to the lower sales and profitability and reduced capital
spending,  partially  offset  by  a  reduction  in  accounts  receivable.

     Cash, cash equivalents and investments increased by $478 to $5,657 at March
31,  2002  from  $5,179 at June 30, 2001, primarily as a result of collection of
accounts  receivable,  reduced  purchasing  of  raw  material  and  reduced
discretionary  spending,  partially  offset  by  payment  of  year end bonus and
commission  accruals  and  investment in property, plant and equipment. Accounts
receivable  decreased by $4,907 to $6,623 at March 31, 2002 from $11,530 at June
30, 2001, primarily due to lower sales volumes and collection of balances due at
June 30, 2001. Inventories decreased by $1,964 to $22,604 at March 31, 2002 from
$24,568  at  June  30,  2001. Accounts payable and accrued expenses decreased by
$3,763  to  $4,227 at March 31, 2002 from $7,990 at June 30, 2001, primarily due
to payment of fiscal year end bonus accruals, lower capital spending due to cost
reduction measures and lower purchasing levels of raw materials due to the lower
production  volumes  commensurate with lower sales volumes. Income taxes payable
have  decreased  $2,080 to a receivable of $372 at March 31, 2002 from a payable
of  $1,759  at  June  30,  2001,  primarily due to payment of estimated taxes on
income  earned  during  the first quarter of the fiscal year which was offset by
the  losses  incurred  in  the  second  and  third  quarters.

     The  Registrant  has  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 bears interest at
1.5%  above  the one month rate for U.S. Dollar deposits on the London Interbank
Market ("LIBOR").  The outstanding principal balance of the equipment line rolls
over  periodically  into  a  self-amortizing term note of not less than four nor
more  than  seven years.  Borrowings under the equipment line are secured by the
related  equipment  purchases.

     The  Registrant  did  not  incur any borrowings under the revolving line of
credit  or  the  equipment line during the three and nine months ended March 31,
2002.  Through  March  31,  2002, the Registrant's had no borrowings outstanding
under  the  line  of credit and an aggregate of $4,768 under the equipment line.


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

     The  Registrant  has available two credit facilities with Citibank N.A. (as
successor  to  European  American  Bank,  N.A.);  a  $5,000  line  for equipment
purchases  and  a  $2,000  unsecured term loan line.  The lines bear interest at
either the Citibank prime rate or 1.5% above the Reserve Adjusted LIBOR rate (as
defined).  Borrowings  under  the  equipment line will be secured by the related
equipment  purchases.  The  outstanding  balance  six months after the term loan
line is made available and at expiration, the line (January 2002) will roll into
fully  amortizing  term loans with a maturity of five years.  The Registrant has
not  incurred any borrowings under either of these facilities.  These facilities
were  scheduled  to  expire in January 2002. The Registrant is negotiating a new
credit  facility  with  Citibank  N.A.  While  there can be no assurance that an
agreement  will  be reached, Citibank N.A. has agreed to extend these lines on a
month-to-month  basis  while  discussions  are  in  progress.

     Each  of  the  credit  facilities  described  above  is  subject to certain
financial  covenants,  including  maintenance  of asset and liability percentage
ratios.  One  such  covenant requires the Registrant to maintain a certain level
of  annualized  earnings  before  interest, taxes, depreciation and amortization
(EBITDA) to current debt plus annual interest payments.  While the Registrant is
currently in compliance with this covenant, given the nature of the covenant and
the  losses  incurred  during  the  first nine months of this fiscal year, it is
likely  that the Registrant will not be in compliance under this covenant at the
end  of  the current quarter with respect to the Bank of America facilities.  In
such  case,  the  Bank  could require payment in full of the outstanding balance
under  these  facilities  ($4,218  at  March  31,  2002).

     The Registrant believes that, in the event of a default, it will be able to
secure  alternative  financing  which,  together  with  available  cash, will be
sufficient  to enable it to refinance these facilities, or to obtain a waiver of
the  default.  There  can  be no assurance, however, that the Registrant will be
able  to  obtain  such  alternative  financing  or  that the bank will waive any
default.


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

     Capital  expenditures  for  the  nine  months  ended March 31, 2002 totaled
$2,926, including 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 $500
for  the  remainder  of  fiscal  year  2002.

Aggregate  contractual  obligations  as  of  March  31, 2002 mature as follows:

<TABLE>
<CAPTION>
                                Payments Due by Period
                               -----------------------------------------
                                        Less
                                       than 1    1- 3    4- 5   After 5
Contractual Obligations        Total    year    years   years    years
-----------------------------  ------  -------  ------  ------  --------
<S>                            <C>     <C>      <C>     <C>     <C>
Long-Term Debt                 $4,893  $   761  $2,282  $1,384  $    467
Capital Lease Obligations       2,651      223     777     639     1,011
Operating Leases                  225      147      78     ---       ---
                               ------  -------  ------  ------  --------
Total Contractual Obligations  $7,769  $ 1,131  $3,137  $2,023  $  1,478
                               ======  =======  ======  ======  ========
</TABLE>

Aggregate  other  commitments  as  of  March  31,  2002  mature  as  follows:

<TABLE>
<CAPTION>
                                     Amount of Commitment Expiration
Other Commercial    Total Amounts              Per Period
   Commitments        Committed             Less than 1 year
----------------  -----------------  -------------------------------
<S>               <C>                <C>

Lines of Credit   $          18,950  $                        18,950
</TABLE>

     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 ("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, 2001.  The
Registrant  believes  that  the  following  accounting  policies  require  the
application  of  management's  most  difficult, subjective or complex judgments:


                                      -14-
<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 a 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 process.  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.


                                      -15-
<PAGE>
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
                      (In thousands, except per share data)


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.

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:
-----------------------------------

     The Financial Accounting Standards Board recently issued Statement No. 141,
"Business  Combinations"  ("SFAS  No. 141") and Statement No. 142, "Goodwill and
Other  Intangible  Assets"  ("SFAS  No.  142").  SFAS  No. 141 provides that all
business  combinations initiated after June 30, 2001 must be accounted for using
the  purchase  method.  Statement  No.  142 provides that intangible assets with
estimable  useful  lives  are  amortized to their estimated residual values over
those  estimated  useful lives.  Statement No. 142 also provides that intangible
assets  with indefinite useful lives are not to be amortized, but rather, tested
for  impairment  at  least  annually  in  accordance  with the provisions of the
Statement.  Although  SFAS  No.  142 will become effective for the Registrant on
July  1, 2002, the Registrant does not presently have any goodwill or intangible
assets  that  would  be  affected  by  this  Statement.


                                      -16-
<PAGE>
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
                      (In thousands, except per share data)


     In  July 2001, the Financial Accounting Standards Board issued 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.  SFAS No. 143
requires a company to record the fair value of an asset retirement obligation in
the  period  in  which  it  incurred  a  legal  obligation  associated  with the
retirement  of  tangible  long-lived  assets  that results from the acquisition,
construction development and/or normal use of the asset.  The company is also to
record  a corresponding increase to the carrying amount of the related asset and
to depreciate that cost over the life of the asset.  The amount of the liability
is  changed at the end of each period to reflect the passage of time and changes
in  estimated  future  cash  flows.  SFAS  No. 143 is effective for fiscal years
beginning after June 15, 2002.  The Registrant has not yet determined the impact
of  its  planned  adoption  of  SFAS  No.  143  (anticipated  for July 1, 2002).

     In  August  2001, the Financial Accounting Standards Board issued 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.  SFAS No. 144 is effective for fiscal years beginning after
December 15, 2001 and interim periods within those fiscal years.  The Registrant
has  not  yet  determined  the  impact  of  its planned adoption of SFAS No. 144
(anticipated  for  July  1,  2002).

ITEM 3.        QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     The  Registrant  has identified four market risks relative to its business:
interest  rate  risk,  foreign currency exchange rate risk, commodity price risk
and  security  price  risk.  There  has  been no material changes in the way the
Registrant  conducts  its  worldwide business, foreign exchange risk management,
investments  in  marketable securities or raw material commodity purchasing from
the descriptions thereof in the Registrant's Form 10-K for the fiscal year ended
June  30,  2001.


                                      -17-
<PAGE>
                           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.  (4)

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)(i)   -   Amended  and  Restated  Lease,  dated September 25, 1998, between
               Victor  Insetta, d/b/a Stepar Leasing Company, and the Registrant
               for  premises  at  15  Stepar Place, Huntington Station, N.Y. (9)

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.  (3)

10(c)(iii) -   Form  of  Employee  Stock  Bonus Agreement, dated as of April 19,
               1994,  between  the  Registrant  and  various employees. (3)

10(c)(iv)  -   Form  of  Employee  Stock  Bonus Agreement, dated as of April 20,
               1995,  between  the  Registrant  and  various employees. (4)

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.
               (13)

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.  (4)


                                      -18-
<PAGE>
10(g)(iii) -   Profit  Bonus  Plan,  dated April 19, 1995, and effective for the
               fiscal  years  beginning  July  1,  1994.  (4)

10(g)(iv)  -   Employment  Agreement,  dated  April  3,  1985,  between  Victor
               Insetta  and  the  Registrant,  and  Amendments  No.  1 through 4
               thereto.  (2)

10(g)(v)   -   Amendment  No.  5,  dated  as  of  September  11,  1998,  to
               Employment  Agreement  between Victor Insetta and the Registrant.
               (8)

10(g)(vi)  -   Managers  Profit  Bonus  Plan,  dated  December 7, 1999, and
               effective  January  1,  2000.  (12)

10(h)      -   Employment  Agreement,  dated  September  1,  2000,  between  the
               Registrant and Richard Monsorno. (14)

10(k)      -   Consulting  Agreement, dated October 2000, between the Registrant
               and Stuart P. Litt. (14)

10(m)(i)   -   American  Technical  Ceramics  Corp.  1997 Stock Option Plan. (7)

10(m)(ii)  -   American Technical Ceramics Corp. 2000 Incentive Stock Plan. (12)

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

10(o)(ii)  -   Amendment  to Loan Agreement, dated February 4, 1999, between the
               Registrant and NationsBank, N.A. (12)

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.  (12)

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.  (15)

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.  (15)

10(p)      -   Second  Amended  and  Restated  Employment Agreement, dated as of
               December 31, 2001 between Judah Wolf and the Registrant. (17)


                                      -19-
<PAGE>
10(q)     -    Mortgage  Note  between  American  Technical  Ceramics Corp. and
               European American Bank, N.A., dated as of August 17, 2000. (13)

10(r)      -   Employment  Agreement,  dated  April  10,  2001,  between  the
               Registrant and David Ott. (15)

10(r)(i)   -   Amendment  to  Employment Agreement, dated as of January 1, 2001,
               between David Ott and the Registrant. (17)

10(s)      -   Loan  Agreement,  dated  May 8, 2001, between  the Registrant and
               European American Bank, N.A. (16)

21         -   Subsidiaries  of  the  Registrant.  (17)

---------------


1.   Incorporated  by  reference  to the Registrant's Annual Report on Form 10-K
     for  the  fiscal  year  ended  June  30,  1989.

2.   Incorporated  by  reference  to the Registrant's Annual Report on Form 10-K
     for  the  fiscal  year  ended  June  30,  1993.

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

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

5.   Incorporated  by reference to the Registrant's Annual Report on Form 10-KSB
     for  the  fiscal  year  ended  June  30,  1996.

6.   Incorporated by reference to the Registrant's Quarterly Report on Form 10-Q
     for  the  quarterly  period  ended  March  31,  1997.

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

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

9.   Incorporated by reference to the Registrant's Quarterly Report on Form 10-Q
     for  the  quarterly  period  ended  September  30,  1998.

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


                                      -20-
<PAGE>
11.  Incorporated  by  reference  to the Registrant's Annual Report on Form 10-K
     for  the  fiscal  year  ended  June  30,  1999.

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

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

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

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

16.  Incorporated  by  reference  to the Registrant's Annual Report on Form 10-K
     for  the  fiscal  year  ended  June  30,  2001.

17.  Filed  herewith.


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

     The  Registrant  did  not  file  any reports on Form 8-K during the quarter
ended  March  31,  2002.


                                      -21-
<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:  May 14, 2002                     BY:  /s/  VICTOR  INSETTA
                                                  -----------------------------
                                                       Victor Insetta
                                                  President and Director
                                                  (Principal Executive Officer)




     DATE:  May 14, 2002                     BY:  /s/  ANDREW  R.  PERZ
                                                  ------------------------------
                                                       Andrew R. Perz
                                                  Vice President, Controller
                                                  (Principal Accounting Officer)


                                      -22-
<PAGE>