UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 10-Q


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

                  For the quarterly period ended June 30, 1997

[  ]     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: 0-22089


                          BRUNSWICK TECHNOLOGIES, INC.
                          ----------------------------

           Maine                                          01-402052
-------------------------------             ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)


43 Bibber Parkway, Brunswick, ME                            04011
----------------------------------------                 ------------          
(Address of principal executive offices)                  (Zip Code)


                                  207-729-7792
              ----------------------------------------------------
              (Registrant's telephone number, including area code)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. [x] Yes [ ] No

         The registrant had 4,722,226 shares of Common Stock, $0.0001 par value,
outstanding as of July 31, 1997.






<TABLE>
<CAPTION>
                          BRUNSWICK TECHNOLOGIES, INC.
                          ----------------------------

                                      INDEX
                                     -------
                                                                                             Page No.
                                                                                             --------
<S>                                                                                         <C>
Part I.  Financial information.

           Item 1.  Financial Statements

              Consolidated balance sheets as of December 31, 1996
                  and June 30, 1997.                                                          3 - 4

              Consolidated statements of income for the three months
                  ended June 30, 1996 and 1997.                                                   5

              Consolidated statements of income for the six months
                  ended June 30, 1996 and 1997.                                                   6

              Consolidated statements of cash flows for the six months
                  ended June 30, 1996 and 1997.                                                   7

              Notes to consolidated financial statements.                                       8-9

              Report of Independent Accountants.                                                 10

           Item 2.  Management's Discussion and Analysis of Financial Condition
             And Results of Operations.                                                          11

PART II.   Other Information.

           Item 4.    Submission of Matters to a Vote of Security Holders.                       12

           Item 6.    Exhibits and Reports on Form 8-K.                                          12
</TABLE>

                                      -2-







                                     PART 1
                              FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS.


<TABLE>
<CAPTION>
                          BRUNSWICK TECHNOLOGIES, INC.
                           CONSOLIDATED BALANCE SHEETS
                                 (in thousands)

                                                                        December 31,                  June 30,
                            ASSETS                                          1996                        1997
                                                                       ---------------           -------------
                                                                                                    (unaudited)
<S>                                                                   <C>                       <C> 
Current assets:
     Cash and cash equivalents                                         $         355             $       6,456
     Marketable securities                                                        --                       506
     Accounts receivable, net of allowance for doubtful accounts
        of $38 in 1996 and $48 in 1997                                         2,619                     2,216
     Inventories                                                               3,263                     3,581
     Refundable income taxes                                                      21                        --
     Deferred income taxes                                                       167                       167
     Other current assets                                                        300                       416
                                                                       -------------             -------------
         Total current assets                                                  6,725                    13,342
                                                                       -------------             -------------

Property, plant and equipment:
     Land and building                                                           800                       803
     Furniture and fixtures                                                      356                       443
     Leasehold improvements                                                       74                        80
     Machinery and equipment                                                   5,115                     6,353
     Vehicles                                                                     68                        76
     Machinery under construction                                              1,041                        --
                                                                       -------------             -------------
                                                                               7,454                     7,755

     Less accumulated depreciation                                            (1,453)                   (1,726)
                                                                       --------------            --------------
       Net property, plant and equipment                                       6,001                     6,029
                                                                       -------------             -------------

Deferred charges                                                                 513                        --
Other assets, net                                                                 86                       157
Goodwill, net                                                                  5,309                     5,170
                                                                       -------------             -------------

                                                                       $      18,634             $      24,698
                                                                       =============             =============
</TABLE>



                     The accompanying notes are an integral
                        part of the financial statements


                                      -3-








<TABLE>
<CAPTION>
                          BRUNSWICK TECHNOLOGIES, INC.
                           CONSOLIDATED BALANCE SHEETS
                      (IN THOUSANDS, EXCEPT SHARE AMOUNTS)

                                                                        December 31,                June 30,
         LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                     1996                      1997
                                                                       ---------------           -------------
                                                                                                  (UNAUDITED)
<S>                                                                   <C>                       <C> 
Current Liabilities:
     Bank Overdraft                                                    $         301             $          --
     Note payable to bank                                                      1,180                        --
     Current installments of long-term debt                                      298                       100
     Due to stockholder                                                        1,045                       235
     Accounts payable - trade                                                  1,785                       604
     Accrued expenses                                                            705                       467
     Income taxes payable                                                         --                       376
                                                                       -------------             -------------
         Total current liabilities                                             5,314                     1,782
                                                                       -------------             -------------

Long-term debt, excluding current installments                                 8,853                     3,968
Deferred income taxes                                                            122                       122
Commitments
Convertible preferred stock (liquidation preferences of
     $6,641 in 1996)                                                           6,589                        --

Stockholders' equity (deficit):
     Preferred stock $10 par value, 1,000,000 shares authorized,
        None outstanding                                                          --                        --
     Common stock, $0.0001 par value, 20,000,000 shares authorized
        301,624 outstanding in 1996 and 4,558,175 outstanding in 1997             --                        --
     Additional paid in capital                                                  464                    20,849
     Treasury stock, 3,300 shares at cost                                         (5)                       (5)
     Accumulated deficit                                                      (2,703)                   (2,018)
                                                                       --------------            --------------
         Total stockholders' equity (deficit)                                 (2,244)                   18,826
                                                                       --------------            -------------

                                                                       $      18,634             $      24,698
                                                                       =============             =============
</TABLE>



                     The accompanying notes are an integral
                        part of the financial statements


                                      -4-








<TABLE>
<CAPTION>

                          BRUNSWICK TECHNOLOGIES, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
                    (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)


                                                                                    Three months ended
                                                                                         June 30,
                                                                       ----------------------------------------
                                                                              1996                    1997
                                                                       ----------------            ------------
                                                                                        (unaudited)
<S>                                                                   <C>                       <C> 
Net Sales                                                              $         4,433           $       8,073

Cost of goods sold (raw material purchased from a stockholder
  amounted to $2,091 and $2,226 in 1996 and 1997, respectively)                  3,353                   5,872
                                                                       ---------------           -------------

         Gross profit                                                            1,080                   2,201

Selling, general and administrative expenses                                       689                   1,368
Research and development expenses                                                  157                     159
Moving costs                                                                       (48)                     --
                                                                       ----------------          -------------

         Operating income                                                          282                     674

Other income (expense):
     Interest income                                                                --                      77
     Interest expense                                                              (30)                    (98)
     Miscellaneous, net                                                             49                      50
                                                                       ---------------           -------------

                                                                                    19                      29
                                                                       ---------------           -------------

         Income before income tax                                                  301                     703

Income tax expense                                                                 109                     257
                                                                       ---------------           -------------

         Net income                                                                192                     446

Preferred stock dividend                                                          (113)                     --
Accretion of preferred stock redemption value                                      (17)                     --
                                                                       ----------------          -------------

         Net income attributable to common stock                       $            62           $         446
                                                                       ===============           =============

Earnings per common share (pro forma in 1996)                          $           .06           $         .09
                                                                       ===============           =============

Weighted average common shares outstanding (pro forma in 1996)                   3,492                   5,195
                                                                       ===============           =============
</TABLE>

                     The accompanying notes are an integral
                        part of the financial statements

   
                                       -5-








<TABLE>
<CAPTION>
                          BRUNSWICK TECHNOLOGIES, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
                    (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)


                                                                                   Six months ended
                                                                                        June 30,
                                                                       ---------------------------------------
                                                                              1996                    1997
                                                                       ---------------           -------------
                                                                                      (unaudited)

<S>                                                                    <C>                       <C>          
Net Sales                                                              $         9,177           $      15,405

Cost of goods sold (raw material purchased from a stockholder
  amounted to $5,033 and $4,217 in 1996 and 1997, respectively)                  6,984                  11,320
                                                                       ---------------           -------------

         Gross profit                                                            2,193                   4,085

Selling, general and administrative expenses                                     1,324                   2,600
Research and development expenses                                                  300                     266
Moving costs                                                                        95                      --
                                                                       ---------------           -------------

         Operating income                                                          474                   1,219

Other income (expense):
     Interest income                                                                --                     132
     Interest expense                                                              (56)                   (260)
     Miscellaneous, net                                                             93                      82
                                                                       ---------------           -------------

                                                                                    37                     (46)
                                                                       ---------------           --------------

         Income before income tax                                                  511                   1,173

Income tax expense                                                                 184                     441
                                                                       ---------------           -------------

         Net income                                                                327                     732

Preferred stock dividend                                                          (113)                    (48)
Accretion of preferred stock redemption value                                      (22)                     (8)
                                                                       ----------------          --------------

         Net income attributable to common stock                       $           192           $         676
                                                                       ===============           =============

Earnings per common share (pro forma in 1996)                          $           .09           $         .16
                                                                       ===============           =============

Weighted average common shares outstanding (pro forma in 1996)                   3,492                   4,711
                                                                       ===============           =============
</TABLE>


                     The accompanying notes are an integral
                        part of the financial statements

                                      -6-







<TABLE>
<CAPTION>

                          BRUNSWICK TECHNOLOGIES, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOW
                                 (IN THOUSANDS)

                                                                                    Six months ended
                                                                                         June 30,
                                                                       ----------------------------------------
                                                                             1996                      1997
                                                                       ----------------           -------------
                                                                                       (unaudited)
<S>                                                                    <C>                       <C>   
Cash flows from operating activities:
     Net income                                                        $           327           $         732
     Adjustments to reconcile net income to net cash (used in)
     provided by operating activities:

         Depreciation and amortization                                             202                     385
         Deferred taxes                                                            134                      --
         Changes in assets and liabilities:
              Decrease in accounts receivable                                      590                     403
              (Increase) in inventories                                         (1,200)                   (318)
              Decrease in refundable income taxes                                   16                      21
              Decrease in other current assets
                and other assets                                                   (36)                   (187)
              (Decrease) in due to stockholder                                    (395)                   (810)
              (Decrease) in other accounts payable and
                accrued expenses                                                  (355)                 (1,419)
              Increase in income taxes payable                                      (9)                    376
                                                                       ----------------          -------------

                Net cash (used in) provided by operating activities               (726)                   (817)
                                                                       ----------------          --------------

Cash flow from investing activities:

     Purchases of property, plant and equipment                                   (328)                   (274)

     Marketable investments                                                         --                    (506)
                                                                       ---------------           --------------

                Net cash used in investing activities                             (328)                   (780)
                                                                       ----------------          --------------

Cash flows from financing activities:

     Bank overdraft                                                                226                    (301)
     Proceeds from (net repayments) under line of credit                           387                  (1,180)
     Issuance of common stock, net of offering costs                                --                  14,262
     Proceeds from (repayment) of long-term debt                                   288                  (5,083)
     Other                                                                          36                      --
                                                                       ---------------           -------------

                Net cash provided by financing activities                          937                   7,698
                                                                       ---------------           -------------

                Net increase (decrease) in cash                                   (117)                  6,101

Cash at beginning of period                                                        118                     355
                                                                       ---------------           -------------

Cash at end of period                                                  $             1           $       6,456
                                                                       ===============           =============
</TABLE>

Non cash items:
     In February 1997,  convertible  preferred stock and accrued  dividends were
converted into common stock (see Note 2 of Notes to Financial Statements.

     The accompanying notes are an integral part of the financial statements

                                      -7-








                          BRUNSWICK TECHNOLOGIES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


1.       CONSOLIDATED FINANCIAL STATEMENTS:

                  The  consolidated  financial  statements  included herein have
         been prepared by the Company,  without audit, pursuant to the rules and
         regulations  of  the  Securities  and  Exchange   Commission.   Certain
         information  and  footnote  disclosure  normally  included in financial
         statements  prepared in accordance with generally  accepted  accounting
         principles  have been  condensed or omitted  pursuant to such rules and
         regulations,  although the Company  believes that the  disclosures  are
         adequate  to make the  information  presented  not  misleading.  In the
         opinion of  management,  the  amounts  shown  reflect  all  adjustments
         necessary  to present  fairly the  financial  position  and  results of
         operations for the periods  presented.  All such  adjustments  are of a
         normal recurring nature.  The year-end  consolidated  balance sheet was
         derived from  audited  financial  statements,  but does not include all
         disclosures required by generally accepted accounting principles. It is
         suggested that the financial statements be read in conjunction with the
         financial statements and notes thereto included in the Company's latest
         annual report.

                  The consolidated  financial statements include the accounts of
         Brunswick  Technologies,  Inc. (BTI) and Advanced Textiles, Inc. (ATI),
         its wholly owned  subsidiary.  The  accounts of ATI are  included  from
         October 30, 1996, the date of acquisition. Therefore, the June 30, 1996
         financial  statements  included herein exclude the accounts of ATI. All
         intercompany transactions have been eliminated.

                  Earnings per share has been presented on a pro forma basis for
         1996 after  giving  effect to the  conversion  of the  preferred  stock
         outstanding prior to their conversion into common stock on February 10,
         1997,  as  well as to the 33 for 1  stock  split  of  common  stock  on
         February 5, 1997,  in  connection  with the  Company's  initial  public
         offering (see Note 2 to Notes to Financial  Statements).  The following
         table represents information necessary to calculate earnings per share:

<TABLE>
<CAPTION>
                                                                     3 months ended           6 months ended
                                                                         June 30                 June 30
                                                                         -------                 -------
                                                                    1996         1997        1996       1997
                                                                    ----         ----        ----       ----
                                                                    (in thousands, except per share amounts)

<S>                                                                <C>         <C>          <C>        <C>   
Net income                                                         $  192      $   446      $  327     $  732
                                                                   ======      =======      ======     ======

Earnings per common share (pro forma in 1996)                      $  .06      $   .09      $  .09     $  .16
                                                                   ======      =======      ======     ======

Common shares outstanding:
     Weighted average common shares                                   296        4,552         296      4,066
     Common share equivalents                                         647          643         647        645
     Conversion of preferred stock                                  2,337           --       2,337         --
     Preferred stock dividend                                         211           --         211         --
     Directors' stock grants                                            1           --           1         --
                                                                  -------       ------      ------     ------

     Weighted average shares outstanding (pro forma in 1996)        3,492        5,195       3,492      4,711
                                                                  =======       ======      ======     ======
</TABLE>


                                      -8-







                          BRUNSWICK TECHNOLOGIES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

2.       INITIAL PUBLIC OFFERING

                  On February 10, 1997, the Company completed its initial public
         offering  of common  stock.  The sale to the public  totaled  2,675,000
         shares, with 1,700,000 new shares being sold by the Company and 975,000
         shares  being sold from the  holdings of an existing  shareholder.  The
         offering price was $9.50 per share with proceeds to the Company,  after
         offering expenses,  of approximately $13.7 million.  From the proceeds,
         the  Company  was  obligated  to  pay  $3,648,250  of  the  convertible
         subordinated  note plus accrued  interest  thereon.  With the remaining
         proceeds,  the  Company  also paid off the  balance of its bank debt of
         approximately  $2.9 million.  Deferred  charges of $512,679 at December
         31,  1996,  and  other  transactional  expenses  (together  aggregating
         approximately  $1.3 million) were offset against  stockholders'  equity
         upon completion of the offering.

                  Pursuant to the terms of the preferred  stock, the outstanding
         shares of preferred stock were automatically  converted to common stock
         on the  consummation  of the Company's  initial public  offering.  As a
         result,  70,824 shares of preferred  stock were  converted to 2,337,192
         shares of common stock.  In addition,  on August 14, 1996, the Board of
         Directors approved the issuance of common stock in lieu of cash payment
         of the cumulative  preferred  dividend.  This resulted in an additional
         211,088  shares of common  stock being  issued to holders of  preferred
         stock as of the offering. In addition,  the Board approved the grant of
         stock to new Directors totaling 1,000 shares,  which were issued at the
         closing of the offering.

3.       INVENTORIES

         Inventories consist of the following components:

<TABLE>
<CAPTION>
                                             December 31,           June 30,
                                                 1996                 1977
                                                                  (unaudited)
                                                                (in thousands)

<S>                                          <C>                   <C>       
         Raw materials                       $       576           $      839
         Work-in-process                             653                  716
         Finished goods                            2,034                2,026
                                             -----------           ----------

                                              $    3,263            $   3,581
                                              ==========            =========
</TABLE>


4.       NEW ACCOUNTING PRONOUNCEMENTS

                  During February 1997, the Financial Accounting Standards Board
         ("FASB") issued Statement of Financial  Accounting  Standards  ("SFAS")
         No. 128,  "Earnings per Share",  which will require a change in how the
         Company calculates  earnings per share. This statement is effective for
         financial statements issued for periods ending after December 15, 1997,
         with earlier  application  not permitted.  The statement  requires dual
         presentation   of  basic  and  diluted   earnings   per  share  on  the
         consolidated   statements  of  income.   Had  the  earnings  per  share
         calculation  been applied on a basis  consistent with the provisions of
         SFAS No. 128 and Securities and Exchange Commission regulations,  basic
         earnings  per  share  would  have  been $.07 and $.10 per share for the
         three  months ended June 30, 1996 and 1997,  respectively  and $.11 and
         $.18 per share for the six  months  then  ended  respectively.  Diluted
         earnings per share would have been  equivalent to the amounts  reported
         in the statements of income.

                  In June  30,  1997,  FASB  issued  SFAS  No.  130,  "Reporting
         Comprehensive Income," which will require separate reporting of changes
         to stockholders  equity, and SFAS No. 131,  "Disclosures about Segments
         of an  Enterprise  and Related  Information,"  which  revises  existing
         guidelines for financial reporting for the Company's  operations.  Both
         statements are effective for financial statements issued after December
         15, 1997,  except interim  reporting under SFAS No. 131 is not required
         until the Company's  first quarter of 1999.  The Company has determined
         that the  requirements  of these  statements  will not have a  material
         effect on the Company's existing financial reporting.


                                      -9-







                        REPORT OF INDEPENDENT ACCOUNTANTS


To the Board of Directors and Shareholders of
  Brunswick Technologies, Inc.


         We  have  reviewed  the  accompanying  consolidated  balance  sheet  of
Brunswick Technologies, Inc. and subsidiary as of June 30, 1997, and the related
consolidated  statements  of income  for the three  month and six month  periods
ended June 30, 1997 and the related consolidated statement of cash flows for the
six month  period  ended  June 30,  1997.  These  financial  statements  are the
responsibility of the Company's management.

         We conducted our review in accordance with standards established by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the  expression  of an opinion  regarding the  financial  statements  taken as a
whole. Accordingly, we do not express such an opinion. We previously audited and
expressed  an  unqualified  opinion  on  the  Company's  consolidated  financial
statements for the year ended December 31, 1996 (not presented  herein).  In our
opinion,  the  information  set forth in the  accompanying  balance  sheet as of
December 31, 1996, is fairly stated in all material respects, in relation to the
statement of financial position from which it has been derived.

         Based on our  review,  we are not aware of any  material  modifications
that should be made to the accompanying  consolidated  financial  statements for
them to be in conformity with generally accepted accounting principles.

/s/ Coopers & Lybrand L.L.P.

Portland, Maine
July 18, 1997


                                      -10-






ITEM 2:  MANAGEMENT'S DISCUSSION AND ANALYSIS OF SECOND QUARTER 1997 RESULTS.

GENERAL

         As a result of the October 30, 1996, purchase of Advanced Textiles Inc.
(ATI) from Burlington Industries (see Note 1 of Notes to Financial  Statements),
the  operations  of ATI for the 1997  period are  included  in the  Consolidated
Statements  of Income and Cash Flow for the 1997  periods,  and ATI's net assets
are  included in the June 30, 1997 and December  31, 1996  Consolidated  Balance
Sheets.

         RESULTS OF OPERATIONS

         Second quarter 1997 versus second quarter 1996
         ----------------------------------------------

                  Net sales increased by $3,640,000 or 82% in 1997.  Pounds sold
         were  5,345,133 in the second  quarter of 1997 versus  3,156,667 in the
         corresponding 1996 period.
                  Gross  margin was 27.3% of net sales in the second  quarter of
         1997 versus 24.4% for the 1996 period. The increase is due primarily to
         the addition of the operations of ATI whose products,  in general, have
         higher gross margins.
                  Operating expenses increased $729,000 in the second quarter of
         1997,   primarily  as  a  result  of  $537,000  of  operating   expense
         attributable to ATI (including goodwill amortization of $67,000).  Also
         contributing to the increases in operating  expense is a $47,842 credit
         in the 1996 period as a result of a June 1996 reversal of a reserve for
         facility  repair costs created in December 1995 in connection  with the
         Company's move to its new facility.  Non-operating  income  amounted to
         $29,000 in the second  quarter of 1997.  This  amount was  composed  of
         $77,000 of interest  income,  $38,000 of cash  discounts,  $25,000 from
         reimbursement  under the Company's  federal grant reduced by $98,000 of
         interest  expense  ($95,000 on amounts owed to  Burlington  Industries,
         Inc. from the purchase of ATI), and $13,000 of  miscellaneous  expense.
         In the 1996  quarter,  non-operating  income  amounted  to $19,000 as a
         result of $53,000 from reimbursement  under the Company's federal grant
         reduced by $30,000 of interest expense on bank borrowings and $4,000 of
         miscellaneous expense.

         Six months 1997 versus six months 1996
         --------------------------------------

                  Net sales increased by $6,227,000 or 68% in 1997.  Pounds sold
         were  10,156,085  in 1997 versus  6,516,734 in the  corresponding  1996
         period.
                  Gross  margin was 26.5% of net sales in 1997 versus  23.9% for
         the 1996 period.  The increase is due  primarily to the addition of the
         operations  of ATI  whose  products,  in  general,  have  higher  gross
         margins.
                  Operating expenses increased  $1,146,000 in 1997, primarily as
         a  result  of  $1,104,000  of  operating  expense  attributable  to ATI
         (including goodwill amortization of $139,000). Offsetting this increase
         was  $95,757  of  moving  expense   incurred  in  1996  but  not  1997.
         Non-operating  expense  amounted  to $46,000 in 1997.  This  amount was
         composed of $132,000 of  interest  income,  $51,000 of cash  discounts,
         $47,000 from reimbursement  under the Company's federal grant offset by
         $260,000 of interest  expense  ($231,000 on amounts owed to  Burlington
         Industries,   Inc.   from  the   purchase  of  ATI),   and  $16,000  of
         miscellaneous expense. In the 1996 period, operating income amounted to
         $38,000 as a result of $98,000 from  reimbursement  under the Company's
         federal grant reduced by $57,000 of interest expense on bank borrowings
         and $3,000 of miscellaneous expense.

LIQUIDITY AND CAPITAL RESOURCES

         The Company's cash flow  activities for the six month period ended June
30,  1997 are  reflected  in the  consolidated  Statements  of Cash  Flows.  The
Company's liquidity and capital resources were favorably impacted by its initial
public  offering in February 1997, when it sold 1,700,000 newly issued shares at
$9.50 per share to the public.  After selling commissions and other expenses net
proceeds  to the  Company  amounted  to $13.7  million.  With a portion  of this
amount,  the Company paid $3,648,250 of the principal note amount due Burlington
Industries,  Inc.  plus interest of $94,954,  as well as bank debt  amounting to
$2,892,960.  The Company's funds in excess of that required for normal operating
activities are invested in  short-term,  high-grade  governmental  and corporate
obligations.

                                      -11-





                                     PART II
                                OTHER INFORMATION

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

         (a)     The Company held an annual meeting of shareholders on April 29,
                 1997.

         (b)     Not required.

         (c) Set forth below is a brief description of each matter voted upon at
the meeting,  including  the number of votes cast for,  against or withheld,  as
well as the number of  abstentions  and broker  non-votes as to each such matter
and including a separate tabulation with respect to each nominee for office:

                                           Number of Shares
                                           ----------------

1.       Election of Directors.       For               Withheld Authority
                                      ---               ------------------

         Martin S. Grimnes          2,961,678                 5,000

         William M. Dubay           2,961,678                 5,000

         David M. Coit              2,961,678                 5,000

         Donald R. Hughes           2,961,678                 5,000

         Max G. Pitcher             2,961,678                 5,000

         David E. Sharpe            2,961,678                 5,000

         Peter N. Walmsley          2,961,678                 5,000

2.       To Ratify the appointment of Coopers & Lybrand L.L.P. as independent 
         auditors of the Company:

                                Number of Shares
                                ----------------

         For:                       2,956,978

         Against:                       4,600

         Abstain:                       5,100



ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

(a)      Exhibit 27.  Financial data schedule.

(b)      No reports on Form 8-K were filed during the quarter ended June 30, 
         1997.


                                      -12-







                                   SIGNATURES

         Pursuant to the  requirements  of Section 13 or 15(d) of the Securities
and  Exchange  Act of 1934,  the  Registrant  has duly  caused this Report to be
signed on its behalf by the undersigned thereunto duly authorized.



                                          Brunswick Technologies, Inc.





                                          By: /s/John P. O'Sullivan
                                             -----------------------------------
                                             Chief (Principal) Financial Officer
                                             and Treasurer

Date:  August 13, 1997