1 Applied Digtial Access, Inc. FORM 10-Q Exhibit 11.1 APPLIED DIGITAL ACCESS, INC. STATEMENT REGARDING COMPUTATION OF NET INCOME (LOSS) PER SHARE (Unaudited) (Amounts in thousands, except per share data) For the Three Months Ended March 31, 1996 1995 -------- ------- Net income (loss) ($ 868) $ 1,739 ======== ======= Reconciliation of weighted average number of shares outstanding to amount used in net income (loss) per share computation: Weighted average number of shares outstanding 11,939 11,655 Weighted average number of options and warrants outstanding -- 1,202 -------- ------- Weighted average number of shares outstanding 11,939 12,857 ======== ======= Net income (loss) per share ($ 0.07) $ 0.14 ======== ======= See Note 3 to Condensed Financial Statements