10QSB/A

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                              United States
                    SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549


                               FORM 10-QSB/A

(Mark one)

[ x ]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934

                For the quarterly period ended September 30, 1995

                                   or

[   ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934

                For the transition period from ____________ to ______________


                          Commission File Number 0-13316
                         --------------------------------

                                 LASER CORPORATION
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

                 Utah                            87-0395567
        ------------------------       ----------------------------------
        (State of Incorporation)              (I.R.S. Employer
                                             Identification No.)

             1832 South 3850 West
             Salt Lake City, UT                     84104
        ---------------------------      --------------------------------
           (Address of principal                  (Zip Code)
              executive office)

                               (801) 972-1311
        ----------------------------------------------------------------- 
               (Issuer's telephone number, including area code)

                               Not Applicable
        -----------------------------------------------------------------
             (Former name, former address and former fiscal year,
                        if changed since last report)

        Check whether the issuer (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 stock, as of the latest practical date.

        Common Stock, .05 Par Value -- 672,098 shares as of September 30,
        1995


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                                  INDEX

                      LASER CORPORATION AND SUBSIDIARIES


PART II.  OTHER INFORMATION

Item 6.     Exhibits and Reports on Form 8-K

            Exhibit 27 - Financial Data Schedule


SIGNATURES




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PART II.  OTHER INFORMATION

Item 6.   Exhibits and Reports on Form 8-K

    (a)   Exhibit - Financial Data Schedule




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                              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 thereunto duly authorized.

                                          LASER CORPORATION

Date:    February 13, 1996                /s/ B. Joyce Wickham
         -----------------                ------------------------
                                          B. Joyce Wickham
                                          President. Chief Executive Officer  
                                          Treasurer and Director


Date:    February 13, 1996                /s/ Reo K. Larsen
         -----------------                ------------------------
                                          Reo K. Larsen
                                          General Accounting Manager



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EX-27

 

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM LASER
CORPORATION AND SUBSIDIARIES SEPTEMBER 30, 1995 FINANCIAL STATEMENTS AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.

<CIK> 0000740726
<NAME> LASER CORP
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                         867,114
<SECURITIES>                                         0
<RECEIVABLES>                                1,481,183
<ALLOWANCES>                                    33,497
<INVENTORY>                                  1,210,226
<CURRENT-ASSETS>                             2,826,452
<PP&E>                                       1,929,003
<DEPRECIATION>                               1,650,385
<TOTAL-ASSETS>                               3,840,618
<CURRENT-LIABILITIES>                          651,091
<BONDS>                                              0
<COMMON>                                        34,105
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                   3,155,422
<TOTAL-LIABILITY-AND-EQUITY>                 3,840,618
<SALES>                                      3,038,523
<TOTAL-REVENUES>                             3,120,104
<CGS>                                        2,312,189
<TOTAL-COSTS>                                3,070,585
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               7,361
<INCOME-PRETAX>                                 42,158
<INCOME-TAX>                                     1,000
<INCOME-CONTINUING>                             41,158
<DISCONTINUED>                                  53,911
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    95,069
<EPS-PRIMARY>                                      .14
<EPS-DILUTED>                                      .14