ELECTRONIC FAB TECHNOLOGY CORP
10-Q/A, 1996-05-15
PRINTED CIRCUIT BOARDS
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           U. S. SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C.  20549
                                
                           FORM 10-Q
                                
(Mark One)                                                                     
                                                      
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934
        For the quarterly period ended:   March 31, 1996
[   ] TRANSITION  REPORT  PURSUANT  SECTION  13  OR 15 (d) OF THE
                SECURITIES EXCHANGE ACT OF 1934
   For the transition period from              to            
                                
                Commission file number: 0-23332
                                
                ELECTRONIC FAB TECHNOLOGY CORP.
     (Exact name of registrant as specified in its charter)
                                
                                
         Colorado                                       84-0854616
(State or other jurisdiction of                      (I.R.S. Employer          
 incorporation or organization)                    Identification No.)
                                                                
                      7251 West 4th Street
                 Greeley, Colorado  80634-9763
            (Address of principal executive offices)

                         (970) 353-3100
                  (Issuer's telephone number)
                                
                         Not Applicable
(Former name, former address and former fiscal year, if changed since last
                            report)

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           

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date.
    Class of Common Stock                     Outstanding at May 1, 1996
Common Stock, par value $0.01                       3,940,860 shares 


Item 6.       Exhibits and Reports on Form 8-K

(a)     none
(b)     The Company did not file any reports on Form 8-K during the three 
        months ended March 31, 1996.



                                ELECTRONIC FAB TECHNOLOGY CORP.
                                        (Registrant)                          



Date:      May 13, 1996                      Gerald J. Reid
                                   Gerald J. Reid
                                   President and Chairman of the Board



Date:      May 13, 1996               Stuart W. Fuhlendorf
                                   Stuart W. Fuhlendorf
                                   Treasurer and Chief Financial Officer



Date:      May 13, 1996                Brent L. Hofmeister
                                   Brent L. Hofmeister
                                   Controller


<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>                     
<PERIOD-TYPE>                   3-MOS                  
<FISCAL-YEAR-END>                          DEC-31-1996             
<PERIOD-END>                               MAR-31-1996             
<CASH>                                           46075             
<SECURITIES>                                         0                       
<RECEIVABLES>                                  4861754                
<ALLOWANCES>                                     20000                   
<INVENTORY>                                   11586547                 
<CURRENT-ASSETS>                              17009121                
<PP&E>                                        13374123                
<DEPRECIATION>                                 4185921                 
<TOTAL-ASSETS>                                26367127                
<CURRENT-LIABILITIES>                          7725968                 
<BONDS>                                        2975000                 
                                0                       
                                          0                       
<COMMON>                                         39409                   
<OTHER-SE>                                    15282182                
<TOTAL-LIABILITY-AND-EQUITY>                  26367127                
<SALES>                                       15002959                
<TOTAL-REVENUES>                              15002959                
<CGS>                                         14403137                
<TOTAL-COSTS>                                 14403137               
<OTHER-EXPENSES>                                811620                  
<LOSS-PROVISION>                                     0                       
<INTEREST-EXPENSE>                               95526                   
<INCOME-PRETAX>                               (314468)                  
<INCOME-TAX>                                  (126861)                   
<INCOME-CONTINUING>                           (187607)                  
<DISCONTINUED>                                       0                       
<EXTRAORDINARY>                                      0                       
<CHANGES>                                            0                      
<NET-INCOME>                                  (187607)                  
<EPS-PRIMARY>                                    (.05)                     
<EPS-DILUTED>                                    (.05)                    
        

</TABLE>


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