Exhibit 11.1 WIRELESS TELECOM GROUP, INC. COMPUTATION OF PER SHARE EARNINGS (Unaudited) For the Three Months For the Six Months Ended June 30, Ended June 30, 1996 1995 1996 1995 ---- ---- ---- ---- NET INCOME $ 1,530,468 $ 1,280,154 $ 3,347,415 $ 2,350,193 --------- --------- --------- --------- PRIMARY Weighted average shares 17,329,144 16,999,830 17,310,290 16,986,117 Assumed conversions: Stock options and warrants 525,850 535,587 386,161 410,904 ---------- ---------- ---------- ---------- Total weighted average shares outstanding 17,854,994 17,535,417 17,696,451 17,397,021 ========== ========== ========== ========== Per share amounts $ .09 $ .07 $ .19 $ .14 === === === === FULLY DILUTED Weighted average shares 17,329,144 16,999,830 17,310,290 16,986,117 Assumed conversions: Stock options and warrants 529,601 598,026 485,622 535,962 ---------- ---------- ---------- ---------- Total weighted average shares outstanding 17,858,745 17,597,856 17,795,912 17,522,079 ========== ========== ========== ========== Per share amounts $ .09 $ .07 $ .19 $ .13 === === === === -13-