NORLAND MEDICAL SYSTEMS, INC.                                         Exhibit 11
Statement Regarding Computation of Earnings Per Share
Primary Basis
(Unaudited)

                                       Three Months Ended
                              ---------------------------------------
                              September 30, 1996   September 30, 1995
                              ------------------   ------------------


Net income                          $515,335            $505,364

Weighted average shares
    outstanding                    6,895,781           3,304,348

Stock options                        319,139             672,717

Weighted average number of                                      
    common and common equivalent                                
    shares outstanding             7,214,920           5,965,598

Earnings per share                     $0.07               $0.08

                                        Nine Months Ended
                               ---------------------------------------
                               September 30, 1996   September 30, 1995
                               ------------------   ------------------

Net income                        $1,956,647          $1,419,341
                                            
Weighted average shares                                         
outstanding                        6,706,326           2,439,560
                                            
Stock options                        469,735             669,590
                                            
Weighted average number of                                      
common and common equivalent                                    
shares outstanding                 7,176,061           4,663,725
                                            
Earnings per share                     $0.27               $0.30
                                            
                                            
                                            
                                         -15-




NORLAND MEDICAL SYSTEMS, INC.                                        Exhibit 11
Statement Regarding Computation of Earnings Per Share
Fully Diluted Basis
(Unaudited)

                                        Three Months Ended
                               ---------------------------------------
                               September 30, 1996   September 30, 1995
                               ------------------   ------------------

Net income                          $515,335            $505,364
                                            
Weighted average shares                                         
outstanding                        6,895,781           3,304,348
                                            
Stock options                        365,723             672,717
                                            
Weighted average number of                                      
common and common equivalent                                    
shares outstanding                 7,261,504           5,965,598
                                            
Earnings per share                     $0.07               $0.08
                                            
                                          Nine Months Ended
                               ---------------------------------------
                               September 30, 1996   September 30, 1995
                               ------------------   ------------------

Net income                        $1,956,647          $1,419,341
                                            
Weighted average shares                                         
outstanding                        6,706,326           2,439,560
                                            
Stock options                        497,064             669,590
                                            
Weighted average number of                                      
common and common equivalent                                    
shares outstanding                 7,203,390           4,663,725
                                            
Earnings per share                     $0.27               $0.30


                                         -16-