UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________
FORM 10-QA
___QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended September 30,
1996
___TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE
ACT OF 1934 (No Fee Required)
For the transition period from __________ to
__________
__________
Commission File No. 0-15551
DATAFLEX CORPORATION
(Exact name of Registrant as specified in its
charter)
New Jersey 22-2163376
(State or other jurisdiction
of incorporation or organization) (I.R.S. Employer
Identification No.)
2145 Calumet Street
Clearwater, Florida 34625
(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area code: (813)
562-2200
N/A
Former Name, Former Address and Former Fiscal Year, if Changed
Since Last Report
Securities registered pursuant to Section 12(b) of the Act: None
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 twelve (12) months (or for such shorter
period that
the Registrant was required to file such reports), and (2) has
been subject to
such filing requirements for the past 90 days.
Yes X No _____
As of November 12, 1996, there were 5,691,169 shares of the
Registrant's Common
Stock outstanding.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on
its behalf by the undersigned thereunto duly authorized.
Dated: December 30, 1996
DATAFLEX CORPORATION
By:/s/ Richard C. Rose
------------------------
Richard C. Rose
Chairman and Chief
Executive Officer
By:/s/ Anthony Lembo
-------------------------
Anthony Lembo
President, Chief Operating Officer
and Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C>
<PERIOD-TYPE> 3-MOS 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
MAR-31-1996
<PERIOD-END> SEP-30-1996
SEP-30-1996
<CASH> 811,424
811,424
<SECURITIES> 0
0
<RECEIVABLES> 23,091,845
23,091,845
<ALLOWANCES> (1,266,302)
(1,266,302)
<INVENTORY> 7,456,557
7,456,557
<CURRENT-ASSETS> 86,418,967
86,418,967
<PP&E> 5,402,332
5,402,332
<DEPRECIATION> (1,075,080)
(1,075,080)
<TOTAL-ASSETS> 108,026,433
108,026,433
<CURRENT-LIABILITIES> 64,085,548
64,085,548
<BONDS> 1,143,920
1,143,920
0
0
0
0
<COMMON> 23,443,593
23,443,593
<OTHER-SE> 4,213,884
4,213,884
<TOTAL-LIABILITY-AND-EQUITY> 108,026,433
108,026,433
<SALES> 83,874,587
169,905,979
<TOTAL-REVENUES> 83,874,587
169,905,979
<CGS> 74,343,977
150,006,519
<TOTAL-COSTS> 74,343,977
150,006,519
<OTHER-EXPENSES> 7,981,891
17,603,164
<LOSS-PROVISION> 6,229,975
6,229,975
<INTEREST-EXPENSE> 1,651,945
3,335,633
<INCOME-PRETAX> (6,333,201)
(7,269,312)
<INCOME-TAX> (2,188,359)
(2,590,886)
<INCOME-CONTINUING> (4,144,842)
(4,678,426)
<DISCONTINUED> 0
0
<EXTRAORDINARY> 0
0
<CHANGES> 0
0
<NET-INCOME> (4,144,842)
(4,678,426)
<EPS-PRIMARY> (0.75)
(0.85)
<EPS-DILUTED> 0
0
</TABLE>
