QUERYOBJECT SYSTEMS CORPORATION EXHIBIT 11.1
Computation of Net Loss Per Share
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<CAPTION>
Six Months Ended June 30, Three Months Ended June 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Common shares outstanding at beginning of year 4,983,663 1,707,662 4,983,663 1,707,662
Conversions of preferred stock into common shares 3,489,252 76,118 4,211,747 122,919
Warrants exercised into common shares 571,970 209,080 591,696 325,212
Stock options exercised into common shares 17,505 -- 24,301 --
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Weighted average common shares outstanding 9,062,390 1,992,860 9,811,407 2,155,793
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Net loss $(4,066,794) $(3,252,857) 2,071,902) $(1,535,320)
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Basic and diluted net loss per common share $ (0.45) $ (1.63) (0.21) $ (0.71)
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