<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
F O R M 10-Q/A
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended January 31, 1995
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[_] 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 1-9276
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PRECISION AEROTECH, INC.
a Delaware Corporation IRS ID# 33-0171440
7777 Fay Avenue, Suite 200, La Jolla, CA 92037
Telephone (619) 456-2992
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 _________
---------
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
Indicate by check mark whether the Registrant has filed all documents
and reports required to be filed by Sections 12, 13, or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court.
YES ________ NO _________
There were 789,250 shares of the Registrant's common stock outstanding
as of March 8, 1995.
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SIGNATURE
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 there unto duly authorized.
PRECISION AEROTECH, INC.
6/14/95 /s/ RICHARD W. DETWEILER
____________ _____________________________________
Date Richard W. Detweiler
Chairman, President, Chief Executive
Officer, Chief Financial Officer,
and duly authorized to sign on
behalf of the Registrant
2
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<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED
CONDENSED BALANCE SHEET AND CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-START> MAY-01-1994
<PERIOD-END> JAN-31-1995
<CASH> 217
<SECURITIES> 0
<RECEIVABLES> 4,197
<ALLOWANCES> 176
<INVENTORY> 7,259
<CURRENT-ASSETS> 11,656
<PP&E> 11,511
<DEPRECIATION> 1,780
<TOTAL-ASSETS> 21,461
<CURRENT-LIABILITIES> 6,695
<BONDS> 14,624
<COMMON> 8
0
0
<OTHER-SE> 735
<TOTAL-LIABILITY-AND-EQUITY> 21,461
<SALES> 25,134
<TOTAL-REVENUES> 25,134
<CGS> 19,582
<TOTAL-COSTS> 19,582
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 1
<INTEREST-EXPENSE> 1,288
<INCOME-PRETAX> (582)
<INCOME-TAX> 19
<INCOME-CONTINUING> (601)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (601)
<EPS-PRIMARY> (.76)
<EPS-DILUTED> (.76)
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