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, 1997 1996 1997 1996 NET INCOME $ 2,142,964 $1,530,468 $ 4,382,244 $ 3,347,415 --------- --------- --------- --------- PRIMARY Weighted average shares 17,435,186 17,329,144 17,422,635 17,310,290 Assumed conversions: Stock options and warrants 380,954 525,850 397,503 386,161 Total weighted average ---------- ---------- ---------- ---------- shares outstanding 17,816,140 17,854,994 17,820,138 17,696,451 Per share amounts $.12 $.09 $.25 $.19 ==== ==== ==== ==== FULLY DILUTED Weighted average shares 17,435,186 17,329,144 17,422,635 17,310,290 Assumed conversions: Stock options and warrants 403,463 529,601 421,021 485,622 Total weighted average ---------- ---------- ---------- ---------- shares outstanding 17,838,649 17,858,745 17,843,656 17,795,912 Per share amounts $.12 $.09 $.25 $ .19 ==== ==== ==== ===== -13-