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ARQULE, INC.
EXHIBIT 11.1
ArQule, Inc.
Statement Re Computation of Unaudited Net Loss Per Share
(In thousands, except per share data)
<TABLE>
<CAPTION>
Three Months Ended June 30, Six Months Ended June 30,
(Unaudited) (Unaudited)
-------------------------- -------------------------
2000 1999 2000 1999
------- ------- ------- -------
<S> <C> <C> <C> <C>
Net income / (loss) $ 609 $(3,594) $ (733) (7,560)
======= ======= ======= =======
Weighted average shares outstanding:
Common Stock 13,520 12,560 13,362 12,438
Weighted average common shares outstanding 13,520 12,560 13,362 12,438
======= ======= ======= =======
Basic net income / (loss) per share $ 0.05 $ (0.29) $ (0.05) $ (0.61)
======= ======= ======= =======
</TABLE>
<TABLE>
<CAPTION>
Three Months Ended June 30, Six Months Ended June 30,
(Unaudited) (Unaudited)
--------------------------- -------------------------
2000 1999 2000 1999
------- -------- -------- --------
<S> <C> <C> <C> <C>
Net income / (loss) $ 609 $(3,594) $ (733) $ (7,560)
======= ======= ======= ========
Weighted average shares outstanding:
Common Stock 13,520 12,560 13,362 12,438
Stock option common stock equivalents 878 -- -- --
------- ------- ------- --------
Weighted average common shares and equivalents
outstanding 14,398 12,560 13,362 12,438
======= ======= ======= ========
Diluted net income / (loss) per share $ 0.04 $ (0.29) $ (0.05) $ (0.61)
======= ======= ======= ========
</TABLE>
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