<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) AND NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1997, FILED ON MARCH 31, 1998, AS AMENDED APRIL 30, 1998 (AMENDMENT NO. 1) AND MAY 4, 1998 (AMENDMENT NO. 2). </LEGEND> <CIK> 0000722051 <NAME> NOISE CANCELLATION TECHNOLOGIES, INC. <MULTIPLIER> 1000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 8299 <SECURITIES> 0 <RECEIVABLES> 813 <ALLOWANCES> 42 <INVENTORY> 2174 <CURRENT-ASSETS> 11613 <PP&E> 9518 <DEPRECIATION> 6926 <TOTAL-ASSETS> 14255 <CURRENT-LIABILITIES> 3379 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 12533 <COMMON> 1332 <OTHER-SE> (2989) <TOTAL-LIABILITY-AND-EQUITY> 14255 <SALES> 402 <TOTAL-REVENUES> 734 <CGS> 303 <TOTAL-COSTS> 325 <OTHER-EXPENSES> 4022 <LOSS-PROVISION> 4 <INTEREST-EXPENSE> 6 <INCOME-PRETAX> (3611) <INCOME-TAX> 0 <INCOME-CONTINUING> (3611) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3611) <EPS-PRIMARY> (.04) <EPS-DILUTED> (.04)