EXHIBIT 11 ---------- COMTECH TELECOMMUNICATIONS CORP. AND SUBSIDIARIES Computation of Net Income (Loss) Per Share Years ended July 31, 1996, 1995 and 1994 Year Ended July 31, ------------------- 1996 1995 1994 ---- ---- ---- Net income (loss) $ 72,000 (1,502,000) (2,870,000) ----------- ---------- ---------- Computation of weighted average number of common and common equivalent shares outstanding during the period: Weighted average number of common shares 2,606,000 2,605,000 2,534,000 Weighted average shares assumed to be issued upon exercise of common stock options 70,000 --- --- Less treasury stock (15,000) (15,000) (15,000) ----------- ---------- ---------- Weighted average number of common and common equiv- alent shares outstanding during the period 2,661,000 2,590,000 2,519,000 ----------- ---------- ---------- Net income (loss) per share $ .03 (.58) (1.14) ----------- ---------- ----------