EXHIBIT 11
HEMACARE CORPORATION
BASIC AND DILUTED NET INCOME PER SHARE
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<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC
Weighted average common shares used to compute basic
earnings per share................................... 7,583,699 7,437,582 7,569,356 7,359,351
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Net income.................................... $ 301,000 $ 267,000 $ 951,000 $ 715,000
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Basic net income per share............................. $ 0.04 $ 0.04 $ 0.13 $ 0.10
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DILUTED
Weighted average common shares used to compute
basic earnings per share............................. 7,583,699 7,437,582 7,569,356 7,359,351
Dilutive preferred equivalent shares................... 500,000 500,000 500,000 500,000
Dilutive common equivalent shares attributable to
stock options (based on average market price)......... 710,927 396,457 752,984 153,644
Dilutive common equivalent shares attributable to
warrants (based on average market price).............. 64,484 29,493 69,929 5,395
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Weighted average common shares and equivalents used
to compute diluted earnings per share................. 8,859,110 8,363,532 8,892,269 8,018,390
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Net income.................................... $ 301,000 $ 267,000 $ 951,000 $ 715,000
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Diluted net income per share........................... $ 0.03 $ 0.03 $ 0.11 $ 0.09
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