8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of

the Securities Exchange Act of 1934

November 10, 2003

Date of Report (Date of earliest event reported)

HYTEK MICROSYSTEMS, INC.

(Exact name of Registrant as specified in its charter)

California	0-11880	94-2234140
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	( I.R.S. Employer Identification Number)

400 Hot Springs Road

Carson City, NV 89706

(Address of principal executive offices) (Zip code)

(775) 883-0820

(Registrant’s telephone number, including area code)

n/a

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

Item 7.    Financial Statements and Exhibits

(c)    Exhibits

The following exhibit is being furnished (not filed) herewith:

Exhibit Number	Description
99.1	Text of press release issued by Hytek Microsystems, Inc. Dated November 10, 2003, titled “Hytek Microsystems Reports Third Quarter Results” together with related Condensed Income Statement and Balance Sheet data.

Item 12.    Regulation FD Disclosure

In accordance with Securities and Exchange Commission Release No 33-8216, the following information, which is intended to be furnished under Item 12 “Results of Operations and Financial Condition,” is instead being furnished under Item 9, “Regulation FD Disclosure.” This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

2

SIGNATURE

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.

	HYTEK MICROSYSTEMS, INC.         (Registrant)
Date: November 10, 2003	By:	/s/ Philip S. Bushnell
		Philip S. Bushnell Chief Financial Officer & Secretary (Principal Financial and Accounting Officer)

3

EXHIBIT INDEX

Exhibit Number	Description
99.1*	Text of press release issued by Hytek Microsystems, Inc. Dated November 10, 2003, titled “Hytek Microsystems Reports Third Quarter Results” together with related Condensed Income Statement and Balance Sheet data.

* Furnished, not filed.

4

EX-99.1

[CTA PUBLIC RELATIONS LOGO]

FOR IMMEDIATE RELEASE: November 10, 2003

CONTACT:	John Cole	Bevo Beaven, Vice-President
	President and CEO	Shirley Thompson—Principal
	Hytek Microsystems, Inc.	CTA Public Relations
	(775) 883-0820	(303) 665-4200

HYTEK REPORTS THIRD QUARTER RESULTS

Carson City, NV – November 10, 2003 – Hytek Microsystems, Inc. (OTC Bulletin Board: HTEK) announced today unaudited results for the three and nine month periods ended September 27, 2003.

The Company incurred a net loss of $182,887, or ($0.06) per share, for the three months ended September 27, 2003, as compared to a net loss of $377,684, or ($0.12) per share, for the same period last year. Net revenues were $2.5 million for the third quarter of 2003, compared to prior year third quarter net revenues of $2.7 million.

For the first nine months of fiscal 2003, the Company had a net loss of $389,428, or ($0.12) per share, as compared to a net loss of $59,427, or ($0.02) per share, for the first nine months of fiscal 2002. Net revenues for the nine-month period in 2003 were $7.6 million, a 19% decrease from net revenues of $9.4 million for the same period in 2002.

At September 27, 2003, current backlog was approximately $5.7 million as compared to $6.5 million at June 28, 2003.

Although Hytek incurred a net loss of $182,887 for the third quarter of 2003, on a 6% decrease in revenues during that quarter, operating results were improved over the comparable period last year.

“We are continuing our internal efforts to improve operational efficiencies, add management expertise, attract new customers and expand business opportunities with existing customers,” stated John Cole, Hytek’s chief executive officer. “These are ongoing programs that generate results as changes are implemented over time. Consequently, we do not expect to see significant improvements in operating results this fiscal year.”

Founded in 1974, Hytek, headquartered in Carson City, Nevada, specializes in custom microelectronic packaging solutions for use in oil exploration, military applications, satellite systems, industrial electronics, opto-electronics and other OEM applications.

(more)

This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially. Investors are warned that forward-looking statements involve risks and uncertainties due to certain factors, including, but not limited to, customer rescheduling or cancellation of orders, changes in the nature of or demand in the Company’s markets, inability to develop new products or increase market share in new or existing markets, downturns in general economic conditions and shortages of raw materials.

Hytek Microsystems, Inc.

Financial Summary

(unaudited)

Income Statement Data	Three-Months Ended						Nine-Months Ended
	9/27/2003			9/28/2002			9/27/2003			9/28/2002
Net revenues	$	2,501,312		$	2,657,049		$	7,615,130		$	9,437,039
Net loss		(182,887	)		(377,684	)		(389,428	)		(59,427	)
Basic and diluted loss per share	$	(0.06	)	$	(0.12	)	$	(0.12	)	$	(0.02	)
Balance Sheet Data	9/27/2003			12/28/2002
Assets
Current assets	$	5,115,496		$	5,078,328
Net property, plant and Equipment		865,045			1,012,365
Total Assets	$	5,980,541		$	6,090,693
Liabilities and equity
Current liabilities	$	2,068,336		$	1,789,060
Shareholder’s equity		3,912,205			4,301,633
Total liabilities and equity	$	5,980,541		$	6,090,693

###