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                                                                     EXHIBIT 11


                              IPL SYSTEMS, INC.

                   COMPUTATION ON NET LOSS PER COMMON SHARE

               (Thousands of dollars except per share amounts)



                                                                         THREE MONTHS ENDED
                                                                 ---------------------------------
                                                                 SEPTEMBER  30,      SEPTEMBER 30,
          PRIMARY                                                      1995              1994
          -------                                                --------------      -------------
                                                                                
          Net loss                                                $   (1,910)         $   (2,220)
                                                                  ==========          ==========
          Weighted average shares outstanding                      5,522,552           5,381,519

          Dilutive stock options based on the
            treasury stock method using average
            market price for the period                                 -                   -
                                                                  ----------          ----------
          Common shares used in calculation of
            net loss per share                                     5,522,552           5,381,519
                                                                  ==========          ==========

          Net loss per share                                      $    (0.35)         $    (0.41)
                                                                  ==========          ==========
          FULLY DILUTED
          -------------
          Net loss                                                $   (1,910)         $   (2,220)
                                                                  ----------          ----------
          Weighted average shares outstanding                      5,522,552           5,381,519

          Dilutive stock options based on the
            treasury stock method using the
            higher of average or period end
            market price                                      (A)    211,832                -
                                                                  ----------          ----------
          Common shares used in calculation of
            net loss per share                                     5,734,384           5,381,519
                                                                  ----------          ----------
          Net loss per share                                      $    (0.33)         $    (0.41)
                                                                  ----------          ----------
<FN>

          (A)  This calculation is presented in accordance with Item 601
               of Regulation S-X although it is not required by Paragraph 14 of 
               APB Opinion No. 15.


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                                                                      EXHIBIT 11
                                                                     (CONTINUED)


                               IPL SYSTEMS, INC.

                    COMPUTATION OF NET LOSS PER COMMON SHARE

                (Thousands of dollars except per share amounts)


                                                                         NINE MONTHS ENDED
                                                                   --------------------------------
                                                                   SEPTEMBER 30,      SEPTEMBER 30,
          PRIMARY                                                       1995               1994
          -------                                                  -------------      -------------
                                                                                  
          Net loss                                                  $   (3,084)         $   (5,443)
                                                                    ==========          ==========
          Weighted average shares outstanding                        5,429,730           5,381,519

          Dilutive stock options based on the
            treasury stock method using average
            market price for the period                                   -                   -
                                                                    ----------          ----------
          Common shares used in calculation of
            net loss per share                                       5,429,730           5,381,519
                                                                    ==========          ==========
          Net loss per share                                        $   ( 0.57)         $    (1.01)
                                                                    ==========          ==========

          FULLY DILUTED
          -------------
          Net loss                                                  $   (3,084)         $   (5,443)
                                                                    ----------          ----------
          Weighted average shares outstanding                        5,429,730           5,381,519

          Dilutive stock options based on the
            treasury stock method using the
            higher of average or period end
            market price                                         (A)   211,832              17,795
                                                                    ----------          ----------
          Common shares used in calculation of
            net loss per share                                       5,641,562           5,399,314
                                                                    ----------          ----------
          Net loss per share                                        $    (0.55)         $    (1.01)
                                                                    ----------          ----------

<FN>
          (A)  This calculation is presented in accordance with Item 601
               of Regulation S-X although it is not required by Paragraph 14 
               of APB Opinion No. 15.


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