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<SEC-DOCUMENT>0000891092-04-003889.txt : 20040804
<SEC-HEADER>0000891092-04-003889.hdr.sgml : 20040804
<ACCEPTANCE-DATETIME>20040804170120
ACCESSION NUMBER:		0000891092-04-003889
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040804
ITEM INFORMATION:		
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040804

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAITRON COMPONENTS INC
		CENTRAL INDEX KEY:			0000942126
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				954249240
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25844
		FILM NUMBER:		04952313

	BUSINESS ADDRESS:	
		STREET 1:		25202 ANZA DR
		CITY:			SANTA CLARITA
		STATE:			CA
		ZIP:			91355
		BUSINESS PHONE:		8052576060

	MAIL ADDRESS:	
		STREET 1:		25202 ANZA DR
		CITY:			SANTA CLARITA
		STATE:			CA
		ZIP:			91355
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e18720_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3> <B><font size="5">U.S.
  SECURITIES AND EXCHANGE COMMISSION </font><BR>
Washington, D.C. 20549 </B></FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3> <B><font size="5">FORM
  8-K <BR>
  CURRENT REPORT</font> </B></FONT></P>



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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Pursuant to
  Section 13 or 15(d) of the Securities Exchange Act of 1934 </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Date of Report
  (Date of earliest event reported) <B><BR>
  August 4, 2004 </B></FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> <B><font size="5">TAITRON
  COMPONENTS INCORPORATED </font><BR>
  </B>(Exact name of registrant as specified in its charter) </FONT></P>


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<TABLE WIDTH=100%>
  <TR ALIGN="center" VALIGN=top>
    <TD WIDTH=30%><FONT SIZE=2>California <br>
      (State or other <br>
      jurisdiction of incorporation) </FONT></TD>
    <TD WIDTH=5%>&nbsp;&nbsp;</TD>
    <TD WIDTH=30%><FONT SIZE=2>0-25844&nbsp;<br>
      (Commission <br>
      File Number) </FONT></TD>
    <TD WIDTH=5%>&nbsp;&nbsp;</TD>
    <TD WIDTH=30%><FONT SIZE=2>&nbsp;95-4249240 <br>
      (I.R.S. Employer <br>
      Identification No.) </FONT></TD>
  </TR>
 </TABLE>




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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> <B>28040 WEST
  HARRISON PARKWAY, VALENCIA, CALIFORNIA 91355 <BR>
  </B>(Address of principal executive offices) (Zip Code) </FONT></P>
<!-- MARKER FORMAT-SHEET="Center Head 2 Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Registrant&#146;s
  telephone number, including area code:<B> (661) 257-6060 </B></FONT></P>





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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> <B>NONE <BR>
  </B>(Former name or former address, if changed since last report) </FONT></P>


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<P>&nbsp;</P>
<TABLE WIDTH=100%><TR><TD WIDTH=20% ALIGN=left><FONT SIZE=1>&nbsp;</FONT></TD><TD WIDTH=60% ALIGN=center><FONT SIZE="2">
</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<HR SIZE=5 noshade WIDTH=100% ALIGN=LEFT><P></P>






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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM  7.  Financial Statements and
Exhibits </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibits  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
99
  Press release of the Registrant, dated August 4, 2004.  </FONT></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM 12.  Results of Operations and
Financial Condition. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taitron
Components Incorporated (the &#147;Registrant&#148;) announced financial results for the
second quarter ended June 30, 2004. A copy of the Registrant&#146;s press release issued
on August 4, 2004 concerning the foregoing is attached hereto as Exhibit 99. </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></P>



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<TABLE WIDTH=100%>
  <TR ALIGN="center" VALIGN=top>
    <TD WIDTH=30%>&nbsp;</TD>
    <TD WIDTH=5%>&nbsp;&nbsp;</TD>
    <TD WIDTH=30%><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD WIDTH=5%>&nbsp;&nbsp;</TD>
    <TD WIDTH=30% align="left"><FONT SIZE=2>TAITRON COMPONENTS INCORPORATED &nbsp;</FONT></TD>
  </TR>
 </TABLE>




<br>
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<TABLE WIDTH=100%>
  <TR ALIGN="center" VALIGN=top>
    <TD WIDTH=30% align="left"><FONT SIZE=2>Date: August 4, 2004 </FONT></TD>
    <TD WIDTH=5%>&nbsp;&nbsp;</TD>
    <TD WIDTH=30%><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD WIDTH=5%>&nbsp;&nbsp;</TD>
    <TD WIDTH=30% align="left"><FONT SIZE=2>&nbsp;By: /s/ Stewart Wang </FONT>
      <hr noshade size="1">
      <FONT SIZE=2> Stewart Wang <br>
      President, Chief Executive Officer and <br>
      Chief Financial Officer </FONT></TD>
  </TR>
 </TABLE>


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<P>&nbsp;</P>
<TABLE WIDTH=100%><TR><TD WIDTH=20% ALIGN=left><FONT SIZE=1>&nbsp;</FONT></TD><TD WIDTH=60% ALIGN=center><FONT SIZE="2">
Page
2</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<HR SIZE=5 noshade WIDTH=100% ALIGN=LEFT><P></P>




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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>e18720ex99.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>

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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Exhibit 99 </B></FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>Taitron Reports
Second Quarter 2004 Results </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LOS
ANGELES, Aug. 4 /PRNewswire-FirstCall/ &#151; Taitron Components Incorporated (Nasdaq:
TAIT) today announced financial results for its second quarter ended June 30, 2004. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company reported net sales of $2,647,000, for the quarter ended June 30, 2004, an
increase of 14% compared with $2,324,000 for the same quarter a year earlier. The Company
also reported net earnings of $24,000 or $0.00 earnings per basic and diluted share for
the quarter ended June 30, 2004, compared with a net loss of $92,000, or $0.02 loss per
basic and diluted share for the same quarter last year. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stewart
Wang, president and chief executive officer, said, &#147;Our second quarter net sales
grew 6% sequentially from the first quarter this year and 14% from the same quarter last
year. Our quarterly selling, general and administrative expenses decreased 14% when
compared to the average quarterly expenses during 2003. Although market demand remained
strong, we continued our efforts on reducing inventory and increasing cash flow.&#148; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wang
continued, &#147;To increase shareholder value, we&#146;ll continue to buy-back our stock
in the open market. Our long-term growth strategy is to rely not only on the existing
component fulfillment service, but also the value-added engineering service to support
our existing small and medium size OEM customers in outsourcing their product design and
manufacturing work offshore.&#148; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taitron,
based in Valencia, California, is the &#147;Discrete Components Superstore.&#148; The
Company distributes a wide variety of transistors, diodes and other discrete
semiconductors, optoelectronic devices and passive components to other electronic
distributors, contract electronic manufacturers (CEMs) and original equipment
manufacturers (OEMs), who incorporate them into their products. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statements
set forth above that are not historical facts are forward-looking statements that involve
risks and uncertainties. Actual results could differ materially from those projected in
the forward-looking statements. Potential risks and uncertainties include, but are not
limited to, factors such as general economic conditions, fluctuations in product demand
and market acceptance, the Company&#146;s ability to maintain customer and vendor
relationships, technological advancements, impact of competitive products and pricing,
risks of foreign operations and other information detailed from time to time in the
Company&#146;s reports filed or to be filed with the U.S. Securities and Exchange
Commission. The Company urges all interested parties to read these reports to gain a
better understanding of the many business and other risks that the Company faces.
Additionally, the Company undertakes no obligation to publicly release the results of any
revisions to these forward-looking statements, which may be made to reflect events or
circumstances occurring after the date of this release or to reflect the occurrence of
unanticipated events. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
further information, please contact: Stewart Wang, CEO and President of Taitron
Components Incorporated, +1-661-257-6060, or fax, +1-661-294-1108. </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>TAITRON COMPONENTS INCORPORATED <BR>
Condensed Consolidated Statements of Operations <BR>
(Dollars in thousands, except per share amounts) </B></FONT></P>





<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=640>
  <TR VALIGN=Bottom>
    <TH><FONT SIZE=2></FONT></TH>
    <TH COLSPAN=2><font size="1">Three months <br>
      2004 <br>
      (Unaudited)</font></TH>
    <TH COLSPAN=2><font size="1">ended June 30, <br>
      2003 <br>
      (Unaudited)</font></TH>
    <TH COLSPAN=2><font size="1">Six months <br>
      2004 <br>
      (Unaudited)</font></TH>
    <TH COLSPAN=2><font size="1">ended June 30, <br>
      2003 <br>
      (Unaudited)</font></TH>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><FONT SIZE=2>Net sales</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,647</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,324</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,138</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,479</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><FONT SIZE=2>Cost of goods sold</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>1,888</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>1,594</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>3,730</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>3,782</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;Gross profit</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>759</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>730</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>1,408</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>1,697</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT rowspan="3"><font size=2>Selling, general and</font><font size=2>&nbsp;administrative</font><FONT SIZE=2>&nbsp;expenses</FONT></TD>
    <TD ALIGN=RIGHT rowspan="3"><FONT SIZE=2>662</FONT></TD>
    <TD ALIGN=LEFT rowspan="3"><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT rowspan="3"><FONT SIZE=2>768</FONT></TD>
    <TD ALIGN=LEFT rowspan="3"><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT rowspan="3"><FONT SIZE=2>1,271</FONT></TD>
    <TD ALIGN=LEFT rowspan="3"><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT rowspan="3"><FONT SIZE=2>1,617</FONT></TD>
    <TD ALIGN=LEFT rowspan="3"><FONT SIZE=2>&nbsp;</FONT></TD>
  </TR>
  <TR VALIGN=Bottom> </TR>
  <TR VALIGN=Bottom> </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT rowspan="2"><font size=2>&nbsp;&nbsp;&nbsp;Operating income</font><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(loss)</FONT></TD>
    <TD ALIGN=RIGHT rowspan="2"><FONT SIZE=2>97</FONT></TD>
    <TD ALIGN=LEFT rowspan="2"><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT rowspan="2"><FONT SIZE=2>(38</FONT></TD>
    <TD ALIGN=LEFT rowspan="2"><FONT SIZE=2>)</FONT></TD>
    <TD ALIGN=RIGHT rowspan="2"><FONT SIZE=2>137</FONT></TD>
    <TD ALIGN=LEFT rowspan="2"><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT rowspan="2"><FONT SIZE=2>80</FONT></TD>
    <TD ALIGN=LEFT rowspan="2"><FONT SIZE=2>&nbsp;</FONT></TD>
  </TR>
  <TR VALIGN=Bottom> </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><FONT SIZE=2>Interest expense, net</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>(54</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>)</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>(91</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>)</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>(116</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>)</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>(199</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>)</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT rowspan="2"><FONT SIZE=2>Other (expense)</FONT><FONT SIZE=2>&nbsp;income,
      net</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=RIGHT><FONT SIZE=2>(19</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>)</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>37</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>13</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>33</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT rowspan="3"><font size=2>&nbsp;&nbsp;&nbsp;Income (loss)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;before
      income</font><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;taxes</FONT></TD>
    <TD ALIGN=RIGHT rowspan="3"><FONT SIZE=2>24</FONT></TD>
    <TD ALIGN=LEFT rowspan="3"><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT rowspan="3"><FONT SIZE=2>(92</FONT></TD>
    <TD ALIGN=LEFT rowspan="3"><FONT SIZE=2>)</FONT></TD>
    <TD ALIGN=RIGHT rowspan="3"><FONT SIZE=2>34</FONT></TD>
    <TD ALIGN=LEFT rowspan="3"><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT rowspan="3"><FONT SIZE=2>(86</FONT></TD>
    <TD ALIGN=LEFT rowspan="3"><FONT SIZE=2>)</FONT></TD>
  </TR>
  <TR VALIGN=Bottom> </TR>
  <TR VALIGN=Bottom> </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><FONT SIZE=2>Income tax provision</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><font size=2>&#151;</font></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><font size=2>&#151;</font></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><font size=2>&#151;</font></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;Net income (loss)</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(92</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>)</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(86</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>)</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><font size=2>Net income (loss) per share:</font></TD>
    <TD ALIGN=RIGHT>&nbsp;</TD>
    <TD ALIGN=LEFT>&nbsp;</TD>
    <TD ALIGN=RIGHT>&nbsp;</TD>
    <TD ALIGN=LEFT>&nbsp;</TD>
    <TD ALIGN=RIGHT>&nbsp;</TD>
    <TD ALIGN=LEFT>&nbsp;</TD>
    <TD ALIGN=RIGHT>&nbsp;</TD>
    <TD ALIGN=LEFT>&nbsp;</TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;Basic</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.02</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>)</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.01</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.02</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>)</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;Diluted</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.02</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>)</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.01</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.02</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>)</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><font size=2>Weighted average common shares outstanding:</font></TD>
    <TD ALIGN=RIGHT>&nbsp;</TD>
    <TD ALIGN=LEFT>&nbsp;</TD>
    <TD ALIGN=RIGHT>&nbsp;</TD>
    <TD ALIGN=LEFT>&nbsp;</TD>
    <TD ALIGN=RIGHT>&nbsp;</TD>
    <TD ALIGN=LEFT>&nbsp;</TD>
    <TD ALIGN=RIGHT>&nbsp;</TD>
    <TD ALIGN=LEFT>&nbsp;</TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;Basic</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>5,459,425</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>5,682,401</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>5,469,566</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>5,666,667</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;Diluted</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>6,008,425</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>5,682,401</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>6,038,566</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=RIGHT><FONT SIZE=2>5,666,667</FONT></TD>
    <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
  </TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SOURCE Taitron Components
  Incorporated <br>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -0- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08/04/2004
  <br>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/CONTACT: Stewart Wang, CEO and President
  of Taitron Components Incorporated, <br>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+1-661-257-6060, or fax, +1-661-294-1108/
  (TAIT) </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CO: Taitron Components Incorporated
  <br>
  ST: California <br>
  IN: CPR CSE OTC <br>
  SU: ERN </FONT></P>



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