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,
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1999 1998 1999 1998
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Income from continuing operations $ 668,596 $ 107,208 $1,846,967 $1,005,502
Income (Loss) from discontinued operations
and gain on sale of test equipment business (16,934) (242,397) 3,578,737 (313,827)
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Net Income (Loss) $ 651,662 $ (135,189) $5,425,704 $ 691,675
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BASIC EARNINGS (LOSS):
Weighted average number of common shares
Outstanding 17,173,988 17,557,298 17,416,122 17,533,180
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Basic earnings (loss) per common share:
Continuing operations $0.04 $ 0.00 $0.11 $ 0.06
Discontinued operations 0.00 (0.01) 0.20 (0.02)
---------- ---------- ---------- ----------
$0.04 $(0.01) $0.31 $ 0.04
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DILUTED EARNINGS (LOSS):
Weighted average number of common shares
Outstanding 17,173,988 17,557,298 17,416,122 17,533,180
Stock Options 84,401 - 67,385 41,344
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Weighted average number of common shares
outstanding, as adjusted 17,258,389 17,557,298 17,483,507 17,574,524
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Diluted earnings (loss) per common share:
Continuing operations $0.04 $ 0.00 $0.11 $ 0.06
Discontinued operations 0.00 (0.01) 0.20 (0.02)
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$0.04 $(0.01) $ 0.31 $ 0.04
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