Exhibit 11.1
WIRELESS TELECOM GROUP, INC.
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
For the Three Months For the Nine Months
Ended September 30, Ended September 30,
2000 1999 2000 1999
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Income from continuing operations $ 543,320 $ 95,422 $ 1,397,820 $ 1,356,520
Income (loss) from discontinued operations
and gain on sale of test equipment business
net of income tax -- (16,934) -- 3,578,737
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Net Income $ 543,320 $ 78,488 $ 1,397,820 $ 4,935,257
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BASIC EARNINGS:
Weighted average number of common shares
Outstanding 19,189,807 19,059,701 19,148,964 19,301,834
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Basic earnings per common share:
Continuing $0.03 $0.00 $0.07 $0.07
Discontinued operations 0.00 0.00 0.00 0.19
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$0.03 $0.00 $0.07 $0.26
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DILUTED EARNINGS:
Weighted average number of common shares
Outstanding 19,189,807 19,059,701 19,148,964 19,301,834
Stock options 413,450 84,401 622,501 67,385
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Weighted average number of common shares
outstanding, as adjusted 19,603,257 19,144,102 19,771,465 19,369,219
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Diluted earnings per common share:
Continuing $0.03 $0.00 $0.07 $0.07
Discontinued Operations 0.00 0.00 0.00 0.18
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$0.03 $0.00 $0.07 $0.25
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