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



                                NOVEMBER 20, 2006
                                -----------------
                                (Date of Report)

                           ALANCO TECHNOLOGIES, INC.
                           -------------------------
             (Exact name of Registrant as specified in its charter)


                                    0-9437
                                   ---------
                             (Commission File No.)

                    ARIZONA                        86-0220694
         ---------------------------     ---------------------------------
        (State of other jurisdiction(    (IRS Employer Identification No.)



             15575 N 83RD WAY, SUITE 3, SCOTTSDALE, ARIZONA  85260
             -------------------------------------------------------
            (Address of Principal Executive Office)       (Zip Code)


                                 (480) 607-1010
              ----------------------------------------------------
              (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):

(  ) Written communication pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

(  ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

(  ) Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

(  ) Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.  Results of Operations and Financial Condition

On November 20, 2006, Alanco Technologies, Inc. issued a press release reporting
financial results for the fiscal 2007 first quarter, ended September 30, 2006.
A copy of the press release is attached hereto as Exhibit 99.1, and is hereby
incorporated by reference in this Item 2.02.

Item 9.01  Financial Statements and Exhibits

     Exhibits 99.1  Press release from Alanco Technologies, Inc., dated
                    November 20, 2006, titled "Alanco Reports First Quarter
                    Sales Revenue Tripling to $5.1 Million Resulting in
                    Significant EBITDA Improvement"

                                   SIGNATURES

Date: November 20, 2006                 By: /s/John A Carlson
                                            -----------------------
                                            Chief Financial Officer