Exhibit 11
HEALTH OUTCOMES MANAGEMENT, INC. & SUBSIDIARIES
Calculation of Earnings Per Share
(Unaudited)
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Three months ended Nine months ended
November 30, November 30,
2000 1999 2000 1999
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Earnings used in calculations:
Income (loss) from continued operations $ 38,606 $ (5,017) $ 22,386 $ 41,793
Income (loss) from discontinued operations 0 0 22,479 5,579
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Net income used in per share calculation $ 38,606 $ (5,017) $ 44,865 $ 47,372
Shares used in calculation:
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 continued operations $ .00 $ (.00) $ .00 $ .00
Income (loss) from discontinued operations .00 .00 .00 .00
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Net income (loss) $ .00 $ .00 $ .00 $ .00
Diluted per share data:
Income (loss) from continued operations $ .00 $ (.00) $ .00 $ .00
Income (loss) from discontinued operations .00 .00 .00 .00
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Net income (loss) $ .00 $ .00 $ .00 $ .00
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