8-K

UNITED STATES
SECURITIES AND EXCHANGE  COMMISSION
WASHINGTON, DC 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)      May 14, 2007                                                  


                                                 HICKOK INCORPORATED                                                        
(Exact name of registrant as specified in its charter)

                 Ohio              
(State or other jurisdiction
of incorporation)
                 0-147                
(Commission
File Number)
         34-0288470      
(IRS Employer
Identification No.)

    10514 Dupont Avenue      Cleveland, Ohio                                                                                44108
    (Address of principal executive offices)                                                                             (Zip Code)


Registrant's telephone number, including area code         (216) 541-8060                                              


                                                                                                                                                                    
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02   Results of Operation and Financial Condition
              
             On May 14, 2007,  Hickok Incorporated issued a news release announcing results for its fiscal 2007 second quarter and six months ended March 31, 2007. The news release is furnished herewith as Exhibit 99.1.

Item 9.01   Financial Statements and Exhibits
              
              99.1  News Release, dated May 14, 2007

SIGNATURES

            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 hereunto duly authorized.

HICKOK INCORPORATED                    

By:  /s/ Robert L. Bauman                        
Robert L. Bauman                            
   President and CEO                          

Date:    May 14, 2007

EXHIBIT  INDEX

            Exhibit                Description of Exhibit
           
            99.1                    News Release, dated May 14, 2007

EX-99.1 CHARTER

Exhibit 99.1

Contact: Robert L. Bauman
HICKOK INCORPORATED
10514 Dupont Avenue
Cleveland, Ohio 44108
216/541-8060
  May 14, 2007
FOR IMMEDIATE RELEASE

HICKOK INCORPORATED REPORTS SECOND QUARTER
AND FISCAL FIRST HALF RESULTS
CLEVELAND, OH, May 14  Hickok Incorporated (OTC Bulletin Board: HICKA.OB), a Cleveland based supplier of products and services for the automotive, locomotive, and aircraft industries, today reported operating results for the second quarter and six months ended March 31, 2007. 

For the quarter ended March 31, 2007, the Company recorded a net loss of $741,416 or61 cents per share, compared with a net loss of $105,972 or 9 cents per share, in the same period a year ago. Sales in the second quarter were $1,540,952, down 57% from $3,613,401 a year ago.

In the first fiscal half, the Company reported a net loss of $1,132,160 or 93 cents per share, compared with a net loss of $1,469 or 0 cents per share, in the same period a year ago. Sales were $3,732,582 down 41%, compared to $6,316,625 in last year's first half.

Robert L. Bauman, President and CEO, said that the first half operating results although disappointing were not unexpected. He also stated the increase in backlog at March 2007 was due to the receipt of a large order for an automotive diagnostic product for an OEM. This order is expected to increase revenues and operating results  for the third quarter of the current fiscal year. He further stated, our other businesses should show solid improvement because of the recent release of the updated version of the company's NGS product. He cautioned the Company still relies on large orders to provide positive results and went on to say that the Company continues to develop a product for a large emissions program for the State of California. This product is currently in certification testing and the Company  is projecting significant shipments during the fourth quarter of fiscal 2007 and the first quarter of fiscal 2008.

Backlog at March 31, 2007 was $3,424,000, a decrease of 48%from the backlog of $6,585,000 a year earlier. The decrease was due primarily to decreased orders in automotive diagnostic products of approximately $3,209,000, specifically,  $2,853,000 for diagnostic products to automotive OEM's and $355,000 for aftermarket products. Indicator products increased by approximately $48,000. The Company received a single order for approximately $2,500,000 during the current year second quarter for a proprietary tool program to a large OEM compared to a single order for approximately $5,000,000  a year ago. The Company anticipates that most of the current backlog will be shipped in the last half of fiscal 2007.

The Company's financial position remains strong, with current assets of $6,176,522 that are 5.4 times current liabilities, and no long-term debt. Working capital at March 31, 2007 totaled $5,026,581 and shareholder's equity was $8,056,189 or $6.65 per share.

Hickok provides products and services primarily for the automotive, locomotive, and aircraft industries. Offerings include the development, manufacture and marketing of electronic and non-electronic automotive diagnostic products used for repair, emission testing, and nut-running electronic controls used in manufacturing processes. The Company also develops and manufactures indicating instruments for aircraft, locomotive and general industrial applications and provides repair training programs.

Certain statements in this news release, including discussions of management's expectations for fiscal 2007, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ from those anticipated as a result of risks and uncertainties which include, but are not limited to, Hickok's ability to effectively develop and market new products serving customers in the automotive aftermarket, overall market and industry conditions, the Company's ability to capitalize on market opportunities as well as the risks described from time to time in Hickok's reports as filed with the Securities and Exchange Commission.

HICKOK INCORPORATED
Consolidated Income Statement (Unaudited) 

	3 MONTHS		6 MONTHS
Period ended March 31	2007	2006	2007	2006
Net sales	$1,540,952	$3,613,401	$3,732,582	$6,316,625
Income (loss) before Income tax	(1,124,116)	(160,472)	(1,692,997)	(2,169)
Recovery of Income taxes	(382,700)	(54,500)	(575,700)	(700)
Income (loss) before cumulative effect of change in accounting principle	(741,416)	(105,972)	(1,117,297)	(1,469)
Cumulative effect of change in accounting for stock based compensation, net of  tax of $8,000	-	-	14,863	-
Net income (loss)	(741,416)	(105,972)	(1,132,160)	(1,469)
Basic income (loss) per share before cumulative effect of accounting change	(.61)	(.09)	(.92)	(.00)
Basic income (loss) per share	(.61)	(.09)	(.93)	(.00)
Diluted income (loss) per share before cumulative effect of accounting change	(.61)	(.09)	(.92)	(.00)
Diluted income (loss) per share	(.61)	(.09)	(.93)	(.00)
Weighted average shares outstanding	1,211,245	1,211,245	1,211,245	1,211,245