WIRELESS TELECOM GROUP, INC.
EXHIBIT 11.1
For the Year Ended December 31, | ||||||||||||||
2005 | 2004 | 2003 | ||||||||||||
Net income | $ | 3,543,964 | $ | 2,331,477 | $ | 1,762,995 | ||||||||
BASIC EARNINGS: | ||||||||||||||
Weighted average number of common shares outstanding | 21,560,676 | 17,192,728 | 16,904,036 | |||||||||||
Basic earnings per common share | $ | 0.16 | $ | 0.14 | $ | 0.10 | ||||||||
DILUTED EARNINGS: | ||||||||||||||
Weighted average number of common shares outstanding | 21,560,676 | 17,192,728 | 16,904,036 | |||||||||||
Stock options | 136,305 | 385,457 | 209,436 | |||||||||||
Weighted average number of common shares outstanding, as adjusted | 21,696,981 | 17,578,185 | 17,113,472 | |||||||||||
Diluted earnings per common share | $ | 0.16 | $ | 0.13 | $ | 0.10 | ||||||||