AMTECH SYSTEMS, INC. AND SUBSIDIARIES
-------------------------------------
EXHIBIT 11
----------
SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE
-----------------------------------------------
FOR THE YEARS ENDED SEPTEMBER 30, 1995, 1994 AND 1993
-----------------------------------------------------
1995 1994 1993
---------- ---------- ----------
Net income $ 226,568 $ 94,004 $ 508,670
========== ========== ==========
PRIMARY
- --------------------------
Weighted average number of
common shares outstanding
during the year 1,901,426 945,351 987,538
Add - common equivalent shares
determined using the "treasury stock"
method representing shares issuable
upon vesting of stock bonuses and
exercise of employee and director
stock options (1) -- 19,191 3,724
---------- ---------- ----------
Weighted average number of shares
used in the calculation of primary
income per common share 1,901,426 964,542 991,262
========== ========== ==========
Primary income per
common share $ .12 $ .10 $ .51
========== ========== ==========
FULLY DILUTED
- ---------------------------------
Weighted average number of shares
used in calculating primary
income per common share 1,901,426 964,542 991,262
Add incremental shares representing
shares issuable upon exercise of
stock options and warrants based
upon the year-end market price (1) -- 258 21,432
---------- ---------- ----------
Weighted average number of shares
used in the calculation of fully
diluted income per common share 1,901,426 964,800 1,012,694
========== ========== ==========
Fully diluted income
per common share $ .12 $ .10 $ .50
========== ========== ==========
EXHIBIT 11
(1) Determined using the modified treasury stock method.