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SPECTRAN CORPORATION
EXHIBIT 11.1
SPECTRAN CORPORATION
NET INCOME (LOSS) PER SHARE CALCULATION
The following is a calculation of net income (loss) per share for the
years ended December 31, 1995, 1994 and 1993.
Years Ended December 31,
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Calculation of Primary Net Income (Loss) per Share 1995 1994 1993
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Average common shares outstanding 5,298,388 5,202,604 5,160,330
Shares assumed to be repurchased under treasury stock method for
stock options and stock purchase warrants 283,961 -- 324,076
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Total Shares 5,582,349 5,202,604 5,484,406
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Net Income (loss) $ 542,037 $(487,381) $3,655,084
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Per Share Amount $.10 $(.09) $.67
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Years Ended December 31,
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Calculation of Fully Diluted Net Income (Loss) per Share 1995 1994 1993
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Average common shares outstanding 5,298,388 5,202,604 5,160,330
Shares assumed to be repurchased under treasury stock method for
stock options and stock purchase warrants
284,364 -- 327,619
--------- --------- ---------
Total Shares 5,582,752 5,202,604 5,487,949
========= ========= =========
Net Income (loss) $ 542,037 $(487,381) $3,655,084
========= ========= ===========
Per Share Amount $.10 $(.09) $.67
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