AMTECH SYSTEMS, INC. AND SUBSIDIARIES ------------------------------------- EXHIBIT 11 ---------- SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE ----------------------------------------------- FOR THE YEARS ENDED SEPTEMBER 30, 1996, 1995 AND 1994 -----------------------------------------------------
1996 1995 1994 ----------- ----------- ----------- PRIMARY - ------------------------------------- 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 ----------- ----------- ----------- Total shares used in the calculation 6,341,027 3,802,853 1,929,084 =========== =========== =========== 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 -- -- ----------- ----------- ----------- Income from continuing operations as adjusted $ 343,572 $ 171,053 $ (89,469) =========== =========== =========== 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 -- -- ----------- ----------- ----------- Adjusted net income $ 654,664 $ 226,568 $ 94,004 =========== =========== =========== Earnings per share $ .10 $ .06 $ .05 AMTECH SYSTEMS, INC. AND SUBSIDIARIES ------------------------------------- EXHIBIT 11 - CONTINUED ---------------------- SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE ----------------------------------------------- FOR THE YEARS ENDED SEPTEMBER 30, 1996, 1995 AND 1994 ----------------------------------------------------- 1996 1995 1994 ----------- ----------- ----------- FULLY DILUTED - ------------------------------------ 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 ----------- ----------- ----------- Total shares used in the calculation 6,341,027 3,802,853 1,929,600 =========== =========== =========== 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 -- -- ----------- ----------- ----------- Income from continuing operations as adjusted $ 331,663 $ 171,053 $ (89,469) =========== =========== =========== 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 -- -- ----------- ----------- ----------- Adjusted net income $ 642,755 $ 226,568 $ 94,004 =========== =========== =========== Earnings per share $ .10 $ .06 $ .05