1 EXHIBIT 11 @TRACK COMMUNICATIONS, INC. AND SUBSIDIARY STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS Three months ended June 30, ---------------------------- 2000 1999 ------------ ------------ Net income (loss) applicable to common stockholders: Net income (loss) $ (3,610,000) $ 188,000 ============ ============ Weighted average number of shares outstanding: Weighted average number of shares outstanding, net of treasury shares - Basic EPS 25,321,829 24,981,054 Additional weighted average shares for assumed exercise of stock options, net of shares assumed to be repurchased with exercise proceeds -- 326,842 ------------ ------------ Weighted average number of shares outstanding, net of treasury shares - Diluted EPS 25,321,829 25,307,896 ============ ============ Net income (loss) per common share applicable to common stockholders: Basic EPS $ (0.14) $ 0.01 ============ ============ Diluted EPS $ (0.14) $ 0.01 ============ ============ Six months ended June 30, ---------------------------- 2000 1999 ------------ ------------ Net income (loss) applicable to common stockholders: Net income (loss) $ (8,403,000) $ 578,000 ============ ============ Weighted average number of shares outstanding: Weighted average number of shares outstanding, net of treasury shares - Basic EPS 25,255,039 24,955,638 Additional weighted average shares for assumed exercise of stock options, net of shares assumed to be repurchased with exercise proceeds -- 384,271 ------------ ------------ Weighted average number of shares outstanding, net of treasury shares - Diluted EPS 25,255,039 25,339,909 ============ ============ Net income (loss) per common share applicable to common stockholders: Basic EPS $ (0.33) $ 0.02 ============ ============ Diluted EPS $ (0.33) $ 0.02 ============ ============