SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-KSB/A
[ X ] ANNUAL REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
OR
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM ________ TO ________
COMMISSION FILE NO. 0-16293
LANXIDE CORPORATION
(EXACT NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)
DELAWARE 51-0270253
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
1300 MARROWS ROAD, NEWARK, DE 19714
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(302) 456-6200
ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
TITLE OF EACH CLASS
___________________
COMMON STOCK, PAR VALUE $.01 PER SHARE
SERIES A PREFERRED STOCK, PAR VALUE $.01 PER SHARE
UNIT WARRANTS
UNITS
SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:
NONE
Check whether the Issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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
Check if there is no disclosure of delinquent filers pursuant to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. [ X ]
Issuer's revenues for its most recent fiscal year were $18,609,000.
The aggregate market value of the voting stock held by non-affiliates at
December 13, 1996, valued by reference to the bid price of such stock, was
$8,952,435.
Number of shares of Common Stock outstanding as of December 13, 1996: 1,325,595
Transitional Small Business Disclosure Format (check one):
[ ] Yes [ X ] No
SIGNATURES
In accordance with the requirements of the Securities Exchange Act of 1934,
the registrant caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
LANXIDE CORPORATION
Date: February 20, 1997 By: /s/Robert J. Ferris
________________________________
Robert J. Ferris
Vice President - Administration
Secretary and Treasurer
(Duly Authorized Officer and
Principal Accounting Officer)
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This Schedule contains summary financial information extracted from the
Company's Consolidated Balance Sheet at September 30, 1996 and Consolidated
Statement of Operations for the 12 months ended September 30, 1996, and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-1-1995
<PERIOD-END> SEP-30-1996
<CASH> 3,458
<SECURITIES> 0
<RECEIVABLES> 3,133
<ALLOWANCES> (68)
<INVENTORY> 1,942
<CURRENT-ASSETS> 8,921
<PP&E> 23,883
<DEPRECIATION> (13,475)
<TOTAL-ASSETS> 20,160
<CURRENT-LIABILITIES> 4,554
<BONDS> 18,203
213
11
<COMMON> 13
<OTHER-SE> 188,480
<TOTAL-LIABILITY-AND-EQUITY> 20,160
<SALES> 6,464
<TOTAL-REVENUES> 18,609
<CGS> 5,706
<TOTAL-COSTS> 9,443
<OTHER-EXPENSES> 13,369
<LOSS-PROVISION> 68
<INTEREST-EXPENSE> (1,811)
<INCOME-PRETAX> 1,732
<INCOME-TAX> 159
<INCOME-CONTINUING> 1,573
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,573
<EPS-PRIMARY> .34
<EPS-DILUTED> .29
</TABLE>
