EXHIBIT 11 KSW, INC. STATEMENTS REGARDING COMPUTATION OF INCOME (LOSS) PER SHARE Three Months Three Months Nine Months Nine Months Ended Ended Ended Ended Sept. 30, 2004 Sept. 30, 2003 Sept. 30, 2004 Sept. 30, 2003 -------------- -------------- -------------- -------------- Net income (loss) $ (596,000) $ 166,000 $ (1,291,000) $ (37,000) ============== ============== ============== ============== Income (Loss) Per Share - Basic - ------------------------------- Weighted average shares outstanding during the period 5,470,311 5,470,311 5,470,311 5,470,311 ============== ============== ============== ============== Income (loss) per common share - Basic $ (.11) $ .03 $ (.24) $ (.01) ============== ============== ============== ============== Income (Loss) Per Share - Diluted - --------------------------------- Weighted average shares outstanding during the period 5,470,311 5,470,311 5,470,311 5,470,311 Effect of stock options dilution 0 0 0 0 -------------- -------------- -------------- -------------- Total shares outstanding for purposes of calculating diluted earnings 5,470,311 5,470,311 5,470,311 5,470,311 ============== ============== ============== ============== Income (loss) per common and common equivalent share-Diluted $ (.11) $ .03 $ (.24) $ (.01) ============== ============== ============== ==============