EX-11.1 2 file2.htm COMPUTATION OF PER SHARE EARNINGS


                                                                    Exhibit 11.1

                          WIRELESS TELECOM GROUP, INC.
                        COMPUTATION OF PER SHARE EARNINGS
                                   (UNAUDITED)



                                               For the Three Months           For the Nine Months
                                                Ended September 30,           Ended September 30,
                                             -------------------------     -------------------------
                                                2006          2005            2006          2005
                                             -----------   -----------     -----------   -----------

Net Income                                   $ 1,127,637   $   623,959     $ 2,334,010   $ 2,753,430
                                             ===========   ===========     ===========   ===========

BASIC EARNINGS:

Weighted average number of common shares
  outstanding                                 25,853,851    25,566,743      25,809,807    20,201,701
                                             ===========   ===========     ===========   ===========

Basic earnings per common share              $      0.04   $     0. 02     $      0.09   $      0.14
                                             ===========   ===========     ===========   ===========

DILUTED EARNINGS:

Weighted average number of common shares
  outstanding                                 25,853,851    25,566,743      25,809,807    20,201,701
Assumed exercise of stock options                 54,350       191,346          92,258       165,235
                                             -----------   -----------     -----------   -----------

Weighted average number of common shares
  outstanding, as adjusted                    25,908,201    25,758,089      25,902,065    20,366,936
                                             ===========   ===========     ===========   ===========

Diluted earnings per common share            $      0.04   $      0.02     $      0.09   $      0.14
                                             ===========   ===========     ===========   ===========