EXHIBIT 11
CLX ENERGY, INC.
Computation of Net Income (Loss) Per Share
(Unaudited)
<TABLE>
<CAPTION>
Nine months Three months
ended June 30, ended June 30,
---------------- --------------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Net income (loss) $ 122,575 ( 71,536) 92,789 ( 18,858)
Preferred stock dividends - ( 2,747) - -
---------- --------- --------- ---------
Net income (loss) applicable to
common shareholders $ 122,575 ( 74,283) 92,789 ( 18,858)
========== ========= ========= =========
Weighted average number of common
shares outstanding 10,548,132 7,547,592 10,548,132 10,498,132
Common equivalent shares
representing shares issuable
upon exercise of outstanding
options 244,000 - 244,000 -
---------- --------- --------- ---------
10,792,132 7,547,592 10,792,132 10,498,132
========== ========= ========== ==========
Net income (loss) per share
applicable to common shareholders:
Basic $ 0.01 ( 0.01) 0.01 ( 0.00)
========== ========= ========== ==========
Diluted $ 0.01 ( 0.01) 0.01 ( 0.00)
========== ========= ========== ==========
Stock options are not considered in the calculations for those periods with
net losses as the impact of the potential common shares (50,000 shares at
June 30, 1999) would be to decrease net loss per share.
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