UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-QSB

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

For the quarterly period ended December 31, 2006

     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from _____ to _____ .

Commission File No. 0-147


HICKOK INCORPORATED
________________________________________________________________
(Exact name of small business issuer as specified in its charter)

Ohio

34-0288470

(State or other jurisdiction of incorporation or organization)

(IRS Employer Identification No.)


10514 Dupont Avenue, Cleveland, Ohio

44108

(Address of principal executive offices)

(Zip Code)


Issuer's telephone number

(216) 541-8060

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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___

Indicate by check mark whether registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes   No_X_

As of February 9, 2007:  756,379 Hickok Incorporated Class A Common Shares and 454,866 Class B Common Shares were outstanding.

Transitional Small Business Disclosure Format (Check one):  Yes___No X
PART I. - FINANCIAL INFORMATION

Item 1. Financial Statements:

HICKOK INCORPORATED
CONSOLIDATED INCOME STATEMENTS
(Unaudited)

Three months ended
December 31,

2006
 		2005

Net Sales

   Product Sales

 $2,038,235
 		$2,493,348

   Service Sales

 153,395
 		209,876

      Total Net Sales

 2,191,630
 		2,703,224



Cost and Expenses

   Cost of Product Sold

 1,269,861
 		1,327,120

   Cost of Service Sold

 164,273
 		148,153

   Product Development

 463,388
 		383,328

   Marketing and Administrative
     Expenses

 914,132
 		863,999

   Interest Charges

 1,792
 		14,049

   Other Income

 <52,935>
 		<191,728>

      Total Costs and Expenses
 		2,760,511
 		2,544,921

Income <Loss> before Provision for Income Taxes

 <568,881>
 		158,303



Provision for <Recovery of> Income Taxes

 <193,000>
 		53,800

   Income <Loss> before cumulative
effect of change in accounting
principle
 		$<375,881>
 		$104,503



   Cumulative effect of change in
accounting for stock based compensation
net of tax of $8,000
 14,863
 -

Net Income <Loss>
 $<390,744>
 $104,503

Earnings per Common Share:

   Income <Loss> before cumulative 
effect of change in accounting principle

 $<.31>
 		$.09
   Cumulative effect of change in
accounting for stock based compensation
 		<.01>
 -

Net Income <Loss>

 $<.32>
 $.09

Earnings per Common Share Assuming Dilution: 

   Income <Loss> before cumulative
effect of change in accounting principle
 $<.31>
 $.08
   Cumulative effect of change in
accounting for stock based compensation
 <.01>
 -

Net Income <Loss>

 $<.32>
 		$.08

Dividends per Common Share

 $.10
 		$-0-

See Notes to Consolidated Financial Statements




HICKOK INCORPORATED
 CONSOLIDATED BALANCE SHEET

December 31,
2006
(Unaudited)

September 30,
2006
(Note)

December 31,
2005
(Unaudited)

Assets


Current Assets


Cash and Cash Equivalents

 $1,377,563 $61,363 $82,535
Short-term Investments
 		908,415
 		848,698
 		1,280,374

Trade Accounts Receivable-Net

 1,186,258 4,382,383
 		1,455,779

Inventories

 3,356,043 3,763,074
 		4,240,628

Deferred Income Taxes

 525,300 524,400 934,600

Prepaid Expenses

 103,588 61,749 148,990

Total Current Assets

 7,457,167 9,641,667 8,142,906








Property, Plant and Equipment