Exhibit 11.1

**WIRELESS TELECOM GROUP, INC.**

**COMPUTATION OF PER SHARE EARNINGS**

**(Unaudited)**

 

|                                                              |   | For the Three MonthsEnded June 30, |           | For the Six MonthsEnded June 30, |   |
|-------------------------------------------------------------------|--------|------------------------------------|----------------|----------------------------------|--------|
|                                                              |   |                                    |           |                                  |   |
|                                                              |   | **2008**                           |           | 2007                             |   | **2008** |   | 2007 |   |
|                                                              |   |                                    |           |                                  |   |  |   |  |   |
| Net Income (Loss)                                                 |   | **$**                              | **(989,816**   | **)**                            | $      | 1,003,747 |   | **$** | **(1,518,793** | **)** | $ | 1,666,990 |   |
|                                                              |   |                                    |                |                                  |        |  |  |  |  |   |  |  |  |
| **BASIC EARNINGS:**                                               |   |                               |           |                             |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares Outstanding              |   |                               | **25,665,775** |                             |   | 25,862,780 |   |   | **25,767,240** |   |   | 25,858,340 |   |
|                                                              |   |                                    |                |                                  |        |  |  |  |  |  |  |  |  |
| Basic earnings (loss) per common share                            |   | **$**                              | **(0.04**      | **)**                            | $      | 0.04 |   | **$** | **(0.06** | **)** | $ | 0.06 |   |
|                                                              |   |                                    |                |                                  |        |  |  |  |  |  |  |  |  |
| **DILUTED EARNINGS:**                                             |   |                               |           |                             |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares Outstanding              |   |                               | **25,665,775** |                             |   | 25,862,780 |   |   | **25,767,240** |   |   | 25,858,340 |   |
| Assumed exercise of stock options                                 |   |                               | **—**     |                             |   | 394,875 |   |   | **22,814** |   |   | 203,047 |   |
|                                                              |   |                                    |                |                                  |        |  |  |  |  |  |  |  |  |
| Weighted average number of common shares outstanding, as adjusted |   |                               | **25,665,775** |                             |   | 26,257,655 |   |   | **25,790,054** |   |   | 26,061,387 |   |
|                                                              |   |                                    |                |                                  |        |  |  |  |  |  |  |  |  |
| Diluted earnings (loss) per common share                          |   | **$**                              | **(0.04**      | **)**                            | $      | 0.04 |   | **$** | **(0.06** | **)** | $ | 0.06 |   |
|                                                              |   |                                    |                |                                  |        |  |  |  |  |  |  |  |  |

 

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