SCIENTIFIC MEASUREMENT SYSTEMS INC/TX
10KSB/A, 1997-02-28
MEASURING & CONTROLLING DEVICES, NEC
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<PAGE>
 
   As filed with the Securities and Exchange Commission on February 28, 1997.
 
================================================================================
 
                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
 
                              FORM 10-KSB/A NO. 1
 
(Mark One)
   [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
       SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED JULY 31, 1996
       
                                      OR
 
   [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
       SECURITIES EXCHANGE ACT OF 1934
 
 
                        COMMISSION FILE NUMBER 0-14100
 
 
                     SCIENTIFIC MEASUREMENT SYSTEMS, INC.
                (NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)

                                                      
             TEXAS                                       74-2048763
   (STATE OR OTHER JURISDICTION OF                    (I.R.S. EMPLOYER
   INCORPORATION OR ORGANIZATION)                    IDENTIFICATION NO.)

                                                                    
2210 DENTON DRIVE, SUITE 106, AUSTIN, TEXAS                 78758
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                  (ZIP CODE)

           ISSUER'S TELEPHONE NUMBER . . . . . . . . (512) 837-4712
 
 
        SECURITIES REGISTERED UNDER SECTION 12(B) OF THE EXCHANGE ACT:

     TITLE OF EACH CLASS              NAME OF EACH EXCHANGE ON WHICH REGISTERED
     -------------------              -----------------------------------------
 
            None                                   Not Applicable

     Transitional Small Business Disclosure Format: Yes [ ]  No [X]
 
     Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act 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 [ ]
 
     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]

================================================================================
<PAGE>
 
     Scientific Measurement Systems, Inc. ("Company") hereby amends its Annual
Report on Form 10-KSB for the fiscal year ended July 31, 1996 with respect to
the item set forth below.  Exhibit 27, Financial Data Schedule, was omitted from
the original filing and is filed herein.


ITEM 13.  EXHIBITS AND REPORTS ON FORM 10-K

     Exhibit 27  Financial Data Schedule...................................   4

                                       2
<PAGE>
 
                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Amendment to Form 10-KSB, Annual Report, for the
year ending July 31, 1996, to be signed on its behalf by the undersigned,
thereunto duly authorized, the 26th day of February, 1997.

                                            SCIENTIFIC MEASUREMENT SYSTEMS, INC.
 
By:  /s/ Larry Secrest                      /s/ Gary S. Kofnovec
   ------------------------------------     ------------------------------------
   Dr. Larry Secrest, President             Gary S. Kofnovec, Chief Financial 
                                            and Accounting Officer

    Signature                  Title                    Date
    ---------                  -----                    ----
 
/s/ Larry Secrest         President and            February 26, 1997
- ------------------------  Chief Executive Officer  -----------------
Dr. Larry Secrest
 
                                              
/s/ Gary S. Kofnovec      Chief Financial and      February 26, 1997
- ------------------------  Accounting Officer       -----------------
Gary S. Kofnovec
                                   
 
          *               Director                 February 26, 1997
- ------------------------                           -----------------
Howard L. Burris                   
 
 
          *               Director                 February 26, 1997
- ------------------------                           -----------------
Douglas G. Chaffin
 
 
          *               Director                 February 26, 1997
- ------------------------                           -----------------
Dr. Norman Hackerman
 
                                  
          *               Director                 February 26, 1997
- ------------------------                           -----------------
Burton W. Kanter
                                  
 
          *               Director                 February 26, 1997
- ------------------------                           -----------------
James W. Kenney                    
 
 
          *               Director                 February 26, 1997
- ------------------------                           -----------------
Phillips A. Moore
 
 
          *               Director                 February 26, 1997
- ------------------------                           -----------------
Dr. Thomas Prud'homme
 
 
          *               Director                 February 26, 1997
- ------------------------                           -----------------
Nancy Woodward

 
*By: /s/ Larry Secrest
     -----------------------
     Dr. Larry Secrest, 
     Attorney-in-Fact

                                       3

<TABLE> <S> <C>

<PAGE>

<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-START>                             AUG-01-1995
<PERIOD-END>                               JUL-31-1996
<CASH>                                              45
<SECURITIES>                                         0
<RECEIVABLES>                                    1,362
<ALLOWANCES>                                         0
<INVENTORY>                                         14
<CURRENT-ASSETS>                                 1,505
<PP&E>                                           1,177
<DEPRECIATION>                                   1,149
<TOTAL-ASSETS>                                   1,788
<CURRENT-LIABILITIES>                            1,586
<BONDS>                                              0
                                0
                                          0
<COMMON>                                           829
<OTHER-SE>                                       8,340
<TOTAL-LIABILITY-AND-EQUITY>                     1,788
<SALES>                                          3,165
<TOTAL-REVENUES>                                 3,165
<CGS>                                            2,189
<TOTAL-COSTS>                                    2,877
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  23
<INCOME-PRETAX>                                    277
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                277
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       277
<EPS-PRIMARY>                                     0.01
<EPS-DILUTED>                                     0.01
        

</TABLE>


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