1 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 FOR THE SIX MONTHS ENDED JUNE 30, ENDED JUNE 30, 1996 1995 1996 1995 ---- ---- ---- ---- Net income (loss) ($1,440) $228 ($2,308) $1,966 =============== ============= ================= =================== Reconciliation of weighted average number of shares outstanding to amount used in net income per share computation: Weighted average number of shares outstanding 11,983 11,828 11,961 11,742 Weighted average number of options and warrants outstanding, - 944 - 1,056 --------------- ------------- ----------------- ------------------- Weighted average number of shares outstanding 11,983 12,772 11,961 12,798 =============== ============= ================= =================== Net income (loss) per share ($0.12) $0.02 ($0.19) $0.15 =============== ============= ================= =================== See Note 3 to Condensed Financial Statements