TRANSACT TECHNOLOGIES INC
10-Q, EX-11, 2000-11-02
COMPUTER PERIPHERAL EQUIPMENT, NEC
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                       TRANSACT TECHNOLOGIES INCORPORATED
                                  Exhibit 11.1
                        Computation of Earnings Per Share
                                   (unaudited)

<TABLE>
<CAPTION>
                                                          THREE MONTHS ENDED                 NINE MONTHS ENDED
                                                     SEPTEMBER 23,    September 25,    SEPTEMBER 23,   September 25,
(In thousands, except per share data)                    2000              1999            2000             1999
                                                         ----              ----            ----             ----
<S>                                                  <C>              <C>              <C>             <C>
   Net income (loss)                                 $    290         $     837        $   (196)       $     704
   Dividends and accretion on preferred stock             (90)                -            (230)               -
                                                     --------         ---------        --------        ---------
   Net income (loss) available to common
     shareholders                                    $    200         $     837        $   (426)       $     704
                                                     ========         =========        ========        =========
   Shares:
     Basic - Weighted average common shares
       outstanding                                      5,512             5,559           5,496           5,565
     Dilutive effect of outstanding options and
       warrants as determined by the treasury
       stock method                                         -                97               -              24
                                                     --------         ---------        --------        ---------
     Dilutive - Weighted average common and
       common equivalent shares outstanding             5,512             5,656           5,496           5,589
                                                     ========         =========        ========        =========
   Net income (loss) per common and
   common equivalent share:
       Basic                                         $   0.04          $   0.15        $  (0.08)        $  0.13
                                                     ========         =========        ========        =========
       Diluted                                           0.04              0.15           (0.08)           0.13
                                                     ========         =========        ========        =========
</TABLE>

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