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                                EXHIBIT 11

                             APA OPTICS, INC.


<Cation>
                         Statement RE: Computation
                           of Per Share Earnings


                            Three months ended          Nine months ended
                               December 31                 December 31     
                            1995         1994           1995         1994
                                               
Average common          
  shares outstanding     7,986,007     7,376,575     7,651,545   7,309,294
           

Dilutive stock options
  and warrants (A)          43,562             0             0           0
  

Total                    8,029,569     7,376,575     7,651,545   7,309,294
       

Net income (loss)        $  33,894     $ (62,032)     $ 32,202   $(304,895)
             

Per share amount             $ .00         $(.01)       $ .00        $(.04) 


(A) Calculated using the "treasury stock" method.