Exhibit 11
HEALTH OUTCOMES MANAGEMENT, INC. & SUBSIDIARIES
Calculation of Earnings Per Share
(Unaudited)
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Three Months Ended Six Months Ended
August 31, August 31,
2000 1999 2000 1999
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Earnings used in calculations:
Income (loss) from continuing operations $ (54,165) $ 31,975 $ (16,221) $ 46,810
Income (loss) from discontinued operations 22,830 5,579 22,479 5,579
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Net income (loss) used in per share calculation (31,335) 37,554 6,258 52,389
Shares used in calculations:
BASIC
Average number of shares outstanding 9,198,761 8,872,853 9,198,761 8,872,853
DILUTED
Additional shares issuable assuming exercise
of outstanding stock options 242,263 34,764 242,263 34,764
Additional shares issuable assuming exercise
of outstanding warrants 0 0 0 0
Additional shares issuable assuming exercise
of convertible debt 638,028 5,479 638,028 5,479
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Weighted average number of common and common
equivalent shares outstanding 10,079,052 8,913,096 10,079,052 8,913,096
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Basic per share data:
Income (loss) from continuing operations $ (.01) $ .00 $ .00 $ .01
Income (loss) from discontinued operations .00 .00 .00 .00
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Net income (loss) $ (.01) $ .00 $ .00 $ .01
Diluted per share data:
Income (loss) from continuing operations $ (.01) $ .00 $ .00 $ .01
Income (loss) from discontinued operations .00 .00 .00 .00
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Net income (loss) $ (.01) $ .00 $ .00 $ .01
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