<PAGE>
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 SIX MONTHS ENDED
------------------------------- -------------------------------
JUNE 30, 2000 JUNE 30, 1999 JUNE 30, 2000 JUNE 30, 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Net loss $ (2,594) $ (336) $ (5,845) $ (4,293)
============ ============ ============ ============
NET LOSS PER SHARE - BASIC
Weighted average common shares - Basic 13,004,124 12,946,624 12,980,498 12,946,624
============ ============ ============ ============
Net loss per share - Basic $ (0.20) $ (0.03) $ (0.45) $ (0.33)
============ ============ ============ ============
NET LOSS PER SHARE - DILUTED
Shares used in this computation:
Weighted average common shares - Basic 13,004,124 12,946,624 12,980,498 12,946,624
Dilutive effect of shares under employee stock plans -- -- -- --
------------ ------------ ------------ ------------
Weighted average common shares - Diluted 13,004,124 12,946,624 12,980,498 12,946,624
============ ============ ============ ============
Net loss per share - Diluted $ (0.20) $ (0.03) $ (0.45) $ (0.33)
============ ============ ============ ============
</TABLE>
Page 16