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EXHIBIT 11.1
NETWORK ENGINES, INC.
STATEMENT OF COMPUTATION OF LOSS PER SHARE
The following table reconciles the numerator and the denominator of the basic
and diluted net loss per share and the pro forma basic and diluted net loss per
share computations shown on the statements of operations.
<TABLE>
<CAPTION>
For the year For the six
ended September months ended
30, 1999 March 31, 2000
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(in thousands, except per share data)
<S> <C> <C>
Basic and diluted net loss per share:
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Net loss attributable to common stockholders $ (6,053) $ (10,066)
Basic and diluted weighted average common shares
outstanding 3,312 3,525
Basic and diluted net loss per share $ (1.83) $ (2.86)
Pro forma basic and diluted net loss per share:
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Net loss attributable to common stockholders $ (6,053) $ (10,066)
Accretion of preferred stock 223 4,259
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Pro forma net loss $ (5,830) $ (5,807)
Basic and diluted weighted average common shares
outstanding 3,312 3,525
Shares attributable to assumed conversion of
preferred stock upon issuance 5,930 17,486
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Pro forma basic and diluted weighted average
shares outstanding 9,242 21,011
Pro forma basic and diluted net loss per share $ (0.63) $ (0.28)
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The calculations of diluted net loss per share for the year ended September 30,
1999 and the six months ended March 31, 2000 exclude 16,782,135 and 26,832,312
potential shares of common stock equivalents, including common stock options and
warrants and redeemable convertible preferred stock, respectively, because their
inclusion would have been anti-dilutive.
The calculations of pro forma diluted net loss per share for the year ended
September 30, 1999 and the six months ended March 31, 2000 exclude 4,287,577 and
5,383,870 potential shares of common stock equivalents, including common stock
options and warrants, respectively, because their inclusion would have been
anti-dilutive.
