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, 1996 1995 1996 1995 ----- ----- ----- ----- NET INCOME $ 2,062,062 $ 1,462,937 $ 5,409,477 $ 3,813,130 ---------- ---------- ---------- ---------- PRIMARY Weighted average shares 17,354,571 17,159,290 17,325,159 17,044,446 Assumed conversions: Stock options 400,059 455,598 390,555 430,454 Total weighted average ---------- ----------- ---------- ---------- shares outstanding 17,754,630 17,614,888 17,715,714 17,474,900 ========== ========== ========== ========== Per share amounts $ .12 $ .08 $ .31 $ .22 === === === === FULLY DILUTED Weighted average shares 17,354,571 17,159,290 17,325,159 17,044,446 Assumed conversions: Stock options 410,255 455,598 402,977 510,518 Total weighted average ---------- ---------- ---------- ------------ shares outstanding 17,764,826 17,614,888 17,728,136 17,554,964 ========== ========== ========== ========== Per share amounts $ .12 $ .08 $ .31 $ .22 === === === === -13-