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 MAY 16, 2007 ----------------- (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 May 16, 2007, Alanco Technologies, Inc. issued a press release reporting financial results for the fiscal 2007 third quarter, ended March 31, 2007. 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 May 16, 2007, titled "Alanco's Third Quarter Results" - Third Quarter and Nine Month Revenues Triple to $4.4 Million and $15.1 Million, Respectively SIGNATURES Date: May 16, 2007 By: /s/John A Carlson ----------------------- Chief Financial Officer