Exhibit 11.1 WIRELESS TELECOM GROUP, INC. COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) For the Three Months For the Nine Months Ended September 30, Ended September 30, ------------------------- ------------------------- 2006 2005 2006 2005 ----------- ----------- ----------- ----------- Net Income $ 1,127,637 $ 623,959 $ 2,334,010 $ 2,753,430 =========== =========== =========== =========== BASIC EARNINGS: Weighted average number of common shares outstanding 25,853,851 25,566,743 25,809,807 20,201,701 =========== =========== =========== =========== Basic earnings per common share $ 0.04 $ 0. 02 $ 0.09 $ 0.14 =========== =========== =========== =========== DILUTED EARNINGS: Weighted average number of common shares outstanding 25,853,851 25,566,743 25,809,807 20,201,701 Assumed exercise of stock options 54,350 191,346 92,258 165,235 ----------- ----------- ----------- ----------- Weighted average number of common shares outstanding, as adjusted 25,908,201 25,758,089 25,902,065 20,366,936 =========== =========== =========== =========== Diluted earnings per common share $ 0.04 $ 0.02 $ 0.09 $ 0.14 =========== =========== =========== ===========
