EXHIBIT 11
CLX ENERGY, INC.
Computation of Net Income (Loss) Per Share
<TABLE>
<CAPTION>
Year ended
September 30,
--------------
2000 1999
-------------- -----------
<S> <C> <C>
Net income (loss) $ 210,558 ( 64,486)
Preferred stock dividends - ( 2,747)
---------- ---------
Net income (loss) applicable to
common shareholders $ 210,558 ( 67,233)
========== =========
Weighted average number of common
shares outstanding 10,548,124 8,296,085
Common equivalent shares
representing shares issuable
upon exercise of outstanding
options 214,286 -
---------- ---------
10,762,410 8,296,085
========== =========
Net income (loss) per share
applicable to common shareholders:
Basic $ 0.02 ( 0.01)
========== =========
Diluted $ 0.02 ( 0.01)
========== =========
</TABLE>
Stock options are not considered in the calculations for those periods with net
losses as the impact of the potential common shares (500,000 shares at September
30, 1999) would be to decrease net loss per share.
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