13F-HR 1 q20713f.txt 2ND QUARTER 2007 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION "Washington, D.C. 20549" Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 30-Jun-07 Check here if Amendment [ ] ; Amendment Number: ________ This Amendment (Check only one.):[ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manger Filing this Report: Name: Perkins Capital Management, Inc. Address: 730 East Lake Street, Wayzata, Minnesota 55391 SEC File Number:801-22888 The institutional investment manager filing this report an the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that is understood that all required items,statements, schedules, lists and tables are considered integral parts of this form. Person signing on this Report on Behalf of Reporting Manager: Name: Richard C. Perkins Title: Executive Vice President/Portfolio Manager Phone: (952) 473-8367 Signature: /s/ Richard C. Perkins Place and Date of Signing: Wayzata, MN 18-Jul-07 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).). NAME TITLE VALUE SHRS/ SH/ PUT/ INVSTMT OTR VOTING AUTHORITY OF ISSUER OF CLASS CUSIP (x$1000) PRN MAT PRN CALL DSCRTN MGRS SOLE SHRD NONE ABBOTT LABS COM 002824100 245 4575 SH Sole 300 4275 ACCESS INTEGRATED TECHNLGS I CL A 004329108 566 70000 SH Sole 70000 A D C TELE COMMUNICATIONS COM NEW 000886309 344 18750 SH Sole 10500 8250 ADDVANTAGE TECH NOLOGIES GP I COM NEW 006743306 631 120000 SH Sole 120000 AERO GROW INTL INC COM 00768M103 508 60525 SH Sole 30625 29900 AFFYMETRIX INC COM 00826T108 356 14300 SH Sole 6350 7950 AGILENT TECH NOLOGIES INC COM 00846U101 630 16400 SH Sole 7250 9150 ALLIANCE IMAGING INC COM NEW 018606202 952 101400 SH Sole 33000 68400 AMER BIO MEDICA CORP COM 024600108 563 450000 SH Sole 450000 AMERICAN DENTAL PARTNERS COM 025353103 454 17500 SH Sole 17500 AMERICAN EXPRESS CO COM 025816109 242 3950 SH Sole 1675 2275 AMERICAN TECH NOLOGY CORP COM NEW 030145205 528 140000 SH Sole 140000 AMTECH SYS INC COM PAR .01N 032332504 481 55000 SH Sole 15000 40000 AMYLIN PHARMA CEUTICALS INC COM 032346108 1220 29650 SH Sole 15350 14300 ANTARES PHARMA INC COM 036642106 316 200000 SH Sole 200000 APPLIANCE RECY CLING CTRS AME COM NEW 03814F205 3323 791260 SH Sole 701160 90100 APPLIX INC COM 038316105 576 35000 SH Sole 35000 BANK OF AMERICA CORPORATION COM 060505104 540 11052 SH Sole 5350 5702 BENCHMARK ELECTRS INC COM 08160H101 266 11750 SH Sole 3800 7950 BIOMIRA INC COM 09161R106 2032 1972400 SH Sole 1011600 960800 BIOSCRIP INC COM 09069N108 48 10000 SH Sole 10000 BOEING CO COM 097023105 202 2100 SH Sole 1250 850 BOSTON SCIEN TIFIC CORP COM 101137107 1389 90525 SH Sole 29475 61050 BROOKE CORP COM 112502109 592 40000 SH Sole 40000 CALGON CARBON CORP COM 129603106 1452 125200 SH Sole 27500 97700 CAPELLA EDUCA TION COMPANY COM 139594105 460 10000 SH Sole 10000 CARDICA INC COM 14141R101 131 21550 SH Sole 8550 13000 CARDIOTECH INTL INC COM 14160C100 67 50000 SH Sole 50000 CASH SYSTEMS INC COM 14756B102 932 137000 SH Sole 69500 67500 CBL & ASSOC PPTYS INC COM 124830100 803 22275 SH Sole 8850 13425 CERADYNE INC COM 156710105 314 4250 SH Sole 2150 2100 CERNER CORP COM 156782104 347 6250 SH Sole 2500 3750 CHESAPEAKE ENERGY CORP COM 165167107 253 7300 SH Sole 4500 2800 CHOLESTECH CORP COM 170393102 1174 53400 SH Sole 30000 23400 CIPRICO INC COM 172529109 1581 195200 SH Sole 86850 108350 COLEMAN CABLE INC COM 193459302 1855 71750 SH Sole 44750 27000 COMMTOUCH SOFTWARE LTD ORD M25596103 376 200000 SH Sole 200000 COMPUTER TASK GROUP INC COM 205477102 447 101000 SH Sole 100000 1000 CONCEPTUS INC COM 206016107 2071 106900 SH Sole 55100 51800 CONOCOPHILLIPS COM 20825C104 416 5300 SH Sole 2200 3100 CONSOL ENERGY INC COM 20854P109 341 7400 SH Sole 4100 3300 CONSTELLATION BRANDS INC CL A 21036P108 750 30900 SH Sole 11750 19150 COST-U -LESS INC COM 221492101 572 52000 SH Sole 52000 CYTORI THERA PEUTICS INC COM 23283K105 1134 197296 SH Sole 47908 149388 DELPHAX TECH NOLOGIES INC COM 24712X106 109 96500 SH Sole 85000 11500 DELUXE CORP COM 248019101 1275 31400 SH Sole 12975 18425 DIGITAL ANGEL CORP COM 253830103 41 25750 SH Sole 13000 12750 DIOMED HOLDINGS INC COM NEW 25454R207 359 315000 SH Sole 315000 DONALDSON INC COM 257651109 1003 28200 SH Sole 7000 21200 DOT HILL SYS CORP COM 25848T109 1662 461600 SH Sole 88350 373250 DYAX CORP COM 26746E103 410 97800 SH Sole 53000 44800 DYNEGY INC DEL CL A 26817G102 1203 127400 SH Sole 38000 89400 EBIX INC COM NEW 278715206 653 16250 SH Sole 16250 EDAP TMS S A SPON ADR 268311107 436 65000 SH Sole 65000 ELECTRONICS FOR IMAGING INC COM 286082102 367 13000 SH Sole 6000 7000 E M C CORP MASS COM 268648102 359 19850 SH Sole 3350 16500 ENDOLOGIX INC COM 29266S106 3260 729417 SH Sole 288300 441117 FULLER H B CO COM 359694106 943 31550 SH Sole 13750 17800 GENERAL ELECTRIC CO COM 369604103 528 13800 SH Sole 11500 2300 GERBER SCIENTIFIC INC COM 373730100 552 47500 SH Sole 47500 GLIMCHER RLTY TR SH BEN INT 379302102 300 12000 SH Sole 5050 6950 GLOBAL TRAFFIC NETWORK INC COM 37947B103 1694 245800 SH Sole 44950 200850 GLOBECOMM SYSTEMS INC COM 37956X103 5706 390260 SH Sole 113700 276560 GRAINGER W W INC COM 384802104 321 3450 SH Sole 1750 1700 GRANITE CITY FOOD & BREWERY COM 38724Q107 4363 800531 SH Sole 413597 386934 HEALTH CARE REIT INC COM 42217K106 910 22550 SH Sole 8700 13850 HEI INC COM 404160103 361 324802 SH Sole 124000 200802 HEMOSENSE INC COM 423691104 692 77200 SH Sole 22200 55000 HERSHEY CO COM 427866108 243 4800 SH Sole 1000 3800 HESKA CORP COM 42805E108 583 250000 SH Sole 250000 ILLUMINA INC COM 452327109 3054 75250 SH Sole 37050 38200 I-MANY INC COM 44973Q103 718 261000 SH Sole 260000 1000 INNOVEX INC COM 457647105 429 268400 SH Sole 152800 115600 INSIGNIA SYSTEMS INC COM 45765Y105 5625 1349017 SH Sole 1067500 281517 INTEGRAMED AMER INC COM NEW 5810N302 672 60000 SH Sole 60000 INTERNATIONAL BUSINESS MACHS COM 459200101 308 2925 SH Sole 1100 1825 IOMEGA CORP COM NEW 462030305 616 132500 SH Sole 132500 IRIS INTL INC COM 46270W105 606 36000 SH Sole 36000 ISIS PHARMA CEUTICALS INC COM 464330109 5484 566570 SH Sole 220125 346445 ITERIS INC COM 46564T107 474 200000 SH Sole 200000 I-TRAX INC COM NEW 45069D203 8734 2099630 SH Sole 777350 1322280 JOHNSON & JOHNSON COM 478160104 496 8050 SH Sole 3750 4300 KMG CHEMICALS INC COM 482564101 2513 95100 SH Sole 45000 50100 KYPHON INC COM 501577100 429 8900 SH Sole 4550 4350 LAKES ENTMNT INC COM 51206P109 1294 109550 SH Sole 58000 51550 LANDEC CORP COM 514766104 268 20000 SH Sole 20000 LIFECELL CORP COM 531927101 1975 64675 SH Sole 31200 33475 LIFECORE BIOMEDICAL INC COM 532187101 4771 300625 SH Sole 192325 108300 LINSAY CORPORATION COM 35555106 848 19150 SH Sole 7100 12050 MANPOWER INC COM 56418H100 886 9600 SH Sole 2050 7550 MARATHON OIL CORP COM 565849106 498 8300 SH Sole 4100 4200 MATHSTAR INC COM 576801203 2641 1715454 SH Sole 609320 1106134 MATRIXX INI TIATIVES INC COM 57685L105 460 22000 SH Sole 22000 MEDTOX SCIENTIFIC INC COM NEW 584977201 1995 68082 SH Sole 60000 8082 MEDTRONIC INC COM 585055106 1172 22600 SH Sole 4350 18250 MEDWAVE INC COM 585081102 22 79688 SH Sole 79688 MERCK & CO INC COM 589331107 418 8400 SH Sole 8000 400 MICROTUNE INC DEL COM 59514P109 939 179600 SH Sole 92900 86700 MICRUS ENDO VASCULAR CORP COM 59518V102 1583 64350 SH Sole 15875 48475 MONOGRAM BIO SCIENCES INC COM 60975U108 2652 1568940 SH Sole 438550 1130390 MOSAIC CO COM 61945A107 1167 29900 SH Sole 12000 17900 MULTIBAND CORP COM 62544X100 150 220000 SH Sole 220000 NATURAL HEALTH TRENDS CORP COM PAR .001 63888P406 526 135854 SH Sole 135854 NATURE VISION INC COM 63902E106 247 99690 SH Sole 68500 31190 NAVARRE CORP COM 639208107 788 202000 SH Sole 125000 77000 NBTY INC COM 628782104 495 11450 SH Sole 4550 6900 NORTECH SYS INC COM 656553104 186 25000 SH Sole 24000 1000 NVE CORP COM NEW 629445206 634 18000 SH Sole 18000 OCULUS INNOVATIVE SCIENCES I COM 67575P108 130 16000 SH Sole 16000 ON2 TECH NOLOGIES INC COM 68338A107 2311 770350 SH Sole 316500 453850 OPENTV CORP CL A G67543101 195 92150 SH Sole 17050 75100 ORTHOVITA INC COM 68750U102 2970 990000 SH Sole 361100 628900 OSHKOSH TRUCK CORP COM 688239201 425 6750 SH Sole 3800 2950 PATTERSON COMPANIES INC COM 703395103 574 15400 SH Sole 5000 10400 PENTAIR INC COM 709631105 486 12600 SH Sole 5600 7000 PETROLEUM DEV CORP COM 716578109 596 12550 SH Sole 3750 8800 PFIZER INC COM 717081103 1849 72329 SH Sole 15800 56529 POKERTEK INC COM 730864105 776 61875 SH Sole 7000 54875 POLYMET MINING CORP COM 731916102 611 166000 SH Sole 100000 66000 POSSIS MEDICAL INC COM 737407106 518 47600 SH Sole 24150 23450 PRIDE INTL INC DEL COM 74153Q102 695 18550 SH Sole 5750 12800 RCM TECH NOLOGIES INC COM NEW 749360400 1516 194600 SH Sole 115600 79000 REGIS CORP MINN COM 758932107 1549 40500 SH Sole 10450 30050 RIMAGE CORP COM 766721104 2434 77064 SH Sole 13450 63614 ROCHESTER MED CORP COM 771497104 751 50000 SH Sole 50000 ROCKWELL MEDICAL TECH COM 774374102 2498 454200 SH Sole 160000 294200 ROSETTA GENOMICS LTD SHS M82183100 928 145000 SH Sole 28000 117000 RUSH ENTER PRISES INC CL A 781846209 641 29500 SH Sole 20500 9000 SECURE COMPU TING CORP COM 813705100 89 11750 SH Sole 2500 9250 SIMTEK CORP COM NEW 829204304 287 54875 SH Sole 14725 40150 SOFTBRANDS INC COM 83402A107 2547 1224311 SH Sole 521000 703311 SONIC INNOVA TIONS INC COM 83545M109 1463 167250 SH Sole 84500 82750 SPAN AMER MED SYS INC COM 846396109 640 25250 SH Sole 17500 7750 SPARTAN MTRS INC COM 846819100 698 41025 SH Sole 33000 8025 SPECTRUM BRANDS INC COM 84762L105 349 51500 SH Sole 50000 1500 ST JUDE MED INC COM 790849103 3630 87498 SH Sole 11650 75848 SUMTOTAL SYS INC COM 866615107 2396 306013 SH Sole 132612 173401 SUPERCONDUCTOR TECHNOLOGIES COM NEW 867931305 153 102500 SH Sole 62000 40500 SUPERVALU INC COM 868536103 667 14400 SH Sole 3700 10700 SURMODICS INC COM 868873100 788 15750 SH Sole 8000 7750 SYNOVIS LIFE TECH NOLOGIES IN COM 87162G105 4780 331950 SH Sole 231600 100350 TARGET CORP COM 87612E106 331 5200 SH Sole 5200 TCF FINL CORP COM 872275102 1105 39750 SH Sole 26550 13200 TENNANT CO COM 880345103 2885 79045 SH Sole 34100 44945 TEXAS INSTRS INC COM 882508104 440 11695 SH Sole 650 11045 THIRD WAVE TECH NOLOGIES INC COM 88428W108 2018 344950 SH Sole 170550 174400 TVIA INC COM 87307P101 92 355000 SH Sole 95000 260000 UFP TECH NOLOGIES INC COM 902673102 460 90000 SH Sole 90000 UNION DRILLING INC COM 90653P105 608 37000 SH Sole 37000 UROLOGIX INC COM 917273104 994 445700 SH Sole 207600 238100 UROPLASTY INC COM NEW 917277204 2559 602102 SH Sole 437102 165000 US BANCORP DEL COM NEW 902973304 1116 33856 SH Sole 14634 19222 VENDINGDATA CORPORATION COM NEW 92261Q202 638 170000 SH Sole 170000 VITAL IMAGES INC COM 92846N104 12498 460149 SH Sole 186500 273649 VIVUS INC COM 928551100 277 53000 SH Sole 50000 3000 WAVE SYSTEMS CORP COM NEW 943526301 383 185000 SH Sole 185000 WELLS FARGO & CO NEW COM 949746101 297 8450 SH Sole 2700 5750 WESTAFF INC COM 957070105 260 60000 SH Sole 60000 WESTMORELAND COAL CO COM 960878106 864 31500 SH Sole 24000 7500 WIRELESS RONIN TECHNOLOGIES COM 97652A203 7737 967105 SH Sole 410071 557034 WPT ENTER PRISES INC COM 98211W108 176 43100 SH Sole 42500 600 WYETH COM 983024100 559 9744 SH Sole 3550 6194 XOMA LTD ORD G9825R107 318 104700 SH Sole 81000 23700 ZIX CORP COM 98974P100 5307 2868450 SH Sole 881750 1986700 ZOLTEK COS INC COM 98975W104 1244 29950 SH Sole 14675 15275 TOTAL VALUE 201692 DATA RECORDS 165 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED 0