AMTECH SYSTEMS, INC. AND SUBSIDIARIES
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EXHIBIT 11
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SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE
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FOR THE YEARS ENDED SEPTEMBER 30, 1996, 1995 AND 1994
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1996 1995 1994
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PRIMARY
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Average number of common shares outstanding 4,175,728 3,802,853 1,890,702
Incremental shares attributable to warrants/options 2,165,299 -- 38,382
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Total shares used in the calculation 6,341,027 3,802,853 1,929,084
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Income from continuing operations $ 197,591 $ 171,053 $ (89,469)
Interest net of tax assumed to be earned on
additional short-term investments 145,981 -- --
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Income from continuing operations as adjusted $ 343,572 $ 171,053 $ (89,469)
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Earnings per share - continuing $ .05 $ .04 $ (.05)
Net income $ 508,683 $ 226,568 $ 94,004
Interest net of tax assumed to be earned on
additional short-term investments 145,981 -- --
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Adjusted net income $ 654,664 $ 226,568 $ 94,004
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Earnings per share $ .10 $ .06 $ .05
AMTECH SYSTEMS, INC. AND SUBSIDIARIES
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EXHIBIT 11 - CONTINUED
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SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE
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FOR THE YEARS ENDED SEPTEMBER 30, 1996, 1995 AND 1994
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1996 1995 1994
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FULLY DILUTED
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Average number of common shares outstanding 4,175,728 3,802,853 1,929,084
Incremental shares attributable to warrants/options 2,165,299 -- 516
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Total shares used in the calculation 6,341,027 3,802,853 1,929,600
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Income from continuing operations $ 197,591 $ 171,053 $ (89,469)
Interest net of tax assumed to be earned on
additional short-term investments 134,072 -- --
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Income from continuing operations as adjusted $ 331,663 $ 171,053 $ (89,469)
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Earnings per share - continuing $ .05 $ .04 $ (.05)
Net income $ 508,683 $ 226,568 $ 94,004
Interest net of tax assumed to be earned on
additional short-term investments 134,072 -- --
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Adjusted net income $ 642,755 $ 226,568 $ 94,004
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Earnings per share $ .10 $ .06 $ .05