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

April 28, 2004

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 April 28, 2004, titled “Hytek Microsystems Reports Fiscal 2004 First Quarter Results” together with related Condensed Statement of Operations and Balance Sheet data.

Item 12. Results of Operations and Financial Condition

The earnings press release for the registrant’s first quarter ended April 3, 2004 is attached as Exhibit 99.1 and is furnished under Item 12 “Results of Operations and Financial Condition”. 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.

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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: April 28, 2004	By:	/s/ Philip S. Bushnell
		Philip S. Bushnell Chief Financial Officer & Secretary

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EXHIBIT INDEX

Exhibit Number	Description
99.1*	Text of press release issued by Hytek Microsystems, Inc. dated April 28, 2004, titled “Hytek Microsystems Reports Fiscal 2004 First Quarter Results” together with related Condensed Statement of Operations and Balance Sheet data.

* Furnished, not filed.

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EX-99.1

Exhibit 99.1

¨  News  ¨

FOR IMMEDIATE RELEASE: April 28, 2004

CONTACT:
Hytek Microsystems, Inc.	Financial Relations Board
John F. Cole	Laurie Berman
President & CEO	(310) 407-6546
(775) 883-0820

HYTEK MICROSYSTEMS REPORTS FISCAL 2004 FIRST QUARTER RESULTS

Carson City, NV – April 28, 2004 - Hytek Microsystems, Inc. (OTC Bulletin Board: HTEK.OB) today announced fiscal 2004 first quarter financial results.

Net revenues for the first quarter ended April 3, 2004 increased approximately 4% to $2,466,000 from $2,363,000 for the first quarter ended March 29, 2003. Net income for the first quarter ended April 3, 2004 was $60,000, or $0.02 per diluted share, compared to a net loss of $167,000, or $0.05 per diluted share, for the first quarter ended March 29, 2003. Contributing to net income during the first quarter ended April 3, 2004 was a reduction in cost of sales for scrap recovery totaling approximately $119,000.

“Our plan for the first quarter of fiscal year 2004 was to breakeven and we essentially did that,” stated John F. Cole, President and CEO. “Although we are not satisfied, we are starting to see incremental improvements in many aspects of our business. We continue to invest modestly in new business initiatives designed to improve our opportunities for success in the long term.”

The auditors’ report on Hytek’s 2003 annual financial statements included a “going concern” qualification and significant doubt about the Company’s ability to continue as a “going concern” may continue to exist throughout fiscal 2004.

Founded in 1974 and headquartered in Carson City, Nevada, Hytek specializes in hybrid microelectronic circuits that are used in military applications, geophysical exploration, medical instrumentation, satellite systems, industrial electronics, opto-electronics and other OEM applications.

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, manufacturing yield problems, 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.

Note: News releases and other information regarding Hytek Microsystems can be accessed on

the Internet at http://www.hytek.com, or at http://www.frbinc.com.

- more -

Hytek Reports Fiscal 2004 First Quarter Results

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HYTEK MICROSYSTEMS

CONDENSED FINANCIAL SUMMARY

(Unaudited)

(In thousands, except share and per share amounts)

CONDENSED STATEMENT OF OPERATIONS

	Quarter Ended
	4/3/04		3/29/03
Net revenues	$	2,466	$	2,363
Net income (loss)	$	60	$	(167	)
Basic net income (loss) per share	$	0.02	$	(0.05	)
Diluted net income (loss) per share	$	0.02	$	(0.05	)
Shares used in the calculation of net income (loss) per share
Basic		3,256,008		3,256,008
Diluted		3,276,535		3,256,008
CONDENSED BALANCE SHEET DATA
	4/3/04		1/3/04
Assets
Current assets	$	4,692	$	4,640
Net property, plant and equipment	$	842	$	843
Other assets	$	15	$	0
Total assets	$	5,549	$	5,483
Liabilities and equity
Current liabilities	$	2,158	$	2,151
Long-term debt obligations	$	0	$	0
Shareholders’ equity	$	3,391	$	3,332
Total liabilities and equity	$	5,549	$	5,483

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