EXHIBIT 11
TRANSCRYPT INTERNATIONAL, INC AND SUBSIDIARIES
COMPUTATION OF NET INCOME (LOSS) PER SHARE
(Unaudited and in thousands, except share and per share data)
<TABLE>
<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
------------------------------------ -----------------------------------
SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30,
2000 1999 2000 1999
----------------- ----------------- ---------------- -----------------
<S> <C> <C> <C> <C>
Net income (loss) $(1,480) $149 $(7,325) $(4,114)
================= ================= ================ =================
NET INCOME (LOSS) PER SHARE - BASIC
Weighted average common shares - Basic 13,731,297 12,946,624 12,997,555 12,946,624
================= ================= ================ =================
Net income (loss) per share - Basic $(0.11) $0.01 $(0.56) $(0.32)
================= ================= ================ =================
NET INCOME (LOSS) PER SHARE - DILUTED
Shares used in this computation:
Weighted average common shares - Basic 13,731,297 12,946,624 12,997,555 12,946,624
Dilutive effect of shares under employee stock
plans - 256,506 - -
----------------- ----------------- ---------------- -----------------
Weighted average common shares - Diluted 13,731,297 13,203,130 12,997,555 12,946,624
================= ================= ================ ================
Net income (loss) per share - Diluted $(0.11) $0.01 $(0.56) $(0.32)
================= ================= ================ ================
</TABLE>
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