<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from Equidyne
Corporation's Form 10-QSB for the period ended April 30, 2000 and is qualified
in its entirety by refernce to such financial statements.

<MULTIPLIER>                                   1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUL-31-2000
<PERIOD-END>                               APR-30-2000
<CASH>                                           8,868
<SECURITIES>                                         0
<RECEIVABLES>                                       23
<ALLOWANCES>                                         0
<INVENTORY>                                         90
<CURRENT-ASSETS>                                   274
<PP&E>                                           1,001
<DEPRECIATION>                                     218
<TOTAL-ASSETS>                                  23,154
<CURRENT-LIABILITIES>                            1,528
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,613
<OTHER-SE>                                      21,541
<TOTAL-LIABILITY-AND-EQUITY>                    23,154
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                    3,563
<OTHER-EXPENSES>                                10,700
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  69
<INCOME-PRETAX>                                  7,206
<INCOME-TAX>                                       781
<INCOME-CONTINUING>                              7,987
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     7,987
<EPS-BASIC>                                        .51
<EPS-DILUTED>                                      .47