EXHIBIT 11
ULTICOM, INC. AND SUBSIDIARY
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
THREE MONTHS ENDED
OCTOBER 31, 1999 OCTOBER 31, 2000
<S> <C> <C>
Basic earnings per share:
Net income $ 410 $ 2,306
======= =======
Weighted average number of outstanding common shares 32,727 38,071
======= =======
Basic earnings per share $ .01 $ .06
======= =======
Diluted earnings per share:
Net income $ 410 $ 2,306
======= =======
Weighted average number of outstanding common shares 32,727 38,071
Additional shares assuming exercise of stock options 1,185 3,307
------- -------
Weighted average number of outstanding common shares
assuming full dilution 33,912 41,378
======= =======
Diluted earnings per share $ .01 $ .06
======= =======
</TABLE>
Page 15 of 16 Total Pages
<PAGE>
EXHIBIT 11
ULTICOM, INC. AND SUBSIDIARY
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
THREE MONTHS ENDED
OCTOBER 31, 1999 OCTOBER 31, 2000
<S> <C> <C>
Basic earnings per share:
Net income $ 1,022 $ 4,983
======= =======
Weighted average number of outstanding common shares 32,727 36,622
======= =======
Basic earnings per share $ .03 $ .14
======= =======
Diluted earnings per share:
Net income $ 1,022 $ 4,983
======= =======
Weighted average number of outstanding common shares 32,727 36,622
Additional shares assuming exercise of stock options 976 3,078
------- -------
Weighted average number of outstanding common shares
assuming full dilution 33,703 39,700
======= =======
Diluted earnings per share $ .03 $ .13
======= =======
</TABLE>
Page 16 of 16 Total Pages