Table of Contents

WIRELESS TELECOM GROUP, INC.
EXHIBIT 11.1

				For the Year Ended December 31,
				2005				2004				2003
Net income				$	3,543,964			$	2,331,477			$	1,762,995
BASIC EARNINGS:
Weighted average number of common shares outstanding					21,560,676				17,192,728				16,904,036
Basic earnings per common share				$	0.16			$	0.14			$	0.10
DILUTED EARNINGS:
Weighted average number of common shares outstanding					21,560,676				17,192,728				16,904,036
Stock options					136,305				385,457				209,436
Weighted average number of common shares outstanding, as adjusted					21,696,981				17,578,185				17,113,472
Diluted earnings per common share				$	0.16			$	0.13			$	0.10