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ALLAIRE CORPORATION
EXHIBIT 11
STATEMENT RE: COMPUTATION OF UNAUDITED NET LOSS PER SHARE AND PRO FORMA NET
LOSS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
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<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC AND DILUTED:
Net loss.......................................... $(4,677) $ (258) $(1,901) $(5,787)
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Weighted average common shares outstanding........ 27,287 23,291 27,094 21,705
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Basic and diluted net loss per share.............. $ (0.17) $ (0.01) $ (0.07) $ (0.27)
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<TABLE>
<CAPTION>
NINE MONTHS ENDED
SEPTEMBER 30, 1999
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<S> <C>
PRO FORMA BASIC AND DILUTED:
Net loss.................................................. $(5,787)
Pro forma weighted average common shares outstanding
(1)................................................... 21,731
Shares attributable to the assumed conversion of
convertible preferred stock upon closing of the
initial public offering............................... 593
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Total pro forma weighted average shares........... 22,324
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Pro Forma basic and diluted net loss per share............ $ (0.26)
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(1) Includes outstanding common stock subject to repurchase under a stock
restriction agreement which lapsed upon the consummation of the initial
public offering in January 1999.
