LASERSIGHT INC /DE
10-Q, EX-11, 2000-08-14
ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS
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                                   EXHIBIT 11
                             LASERSIGHT INCORPORATED
                        COMPUTATION OF PER SHARE EARNINGS
                     SIX MONTHS ENDED JUNE 30, 2000 AND 1999

<TABLE>
<CAPTION>                                                     Three Months Ended                  Six Months Ended
                                                                   June 30,                           June 30,
                                                            2000              1999               2000             1999
                                                            ----              ----               ----             ----
<S>                                                      <C>              <C>                <C>              <C>
BASIC AND DILUTED
       Weighted average shares outstanding               20,340,000       16,155,000         19,787,000       14,794,000
                                                       ============     ============       ============     ============

       Net loss                                        $ (2,114,861)      (3,450,662)        (4,873,813)      (6,771,026)
                                                       ============     ============       ============     ============

       Basic loss per share                            $      (0.10)           (0.21)             (0.25)           (0.46)
                                                       ============     ============       ============     ============

ADDITIONAL DILUTED CALCULATION

       Net loss, above                                 $ (2,114,861)      (3,450,662)        (4,873,813)      (6,771,026)
                                                       ============     ============       ============     ============
       Additional adjustment to weighted average
         number of shares:
        Weighted average shares
         outstanding,  above                             20,340,000       16,155,000         19,787,000       14,794,000
       Dilutive effect of contingently issuable
         shares, stock options and convertible
         preferred stock                                  3,624,000        6,066,000          4,416,000        5,485,000
                                                       ------------     ------------       ------------     ------------

       Weighted average number of shares,
          adjusted                                       23,964,000       22,221,000         24,203,000       20,279,000
                                                       ============     ============       ============     ============

       Diluted loss per share, adjusted (A)            $      (0.09)           (0.16)             (0.20)           (0.33)
                                                       ============     ============       ============     ============


   (A)   This calculation is submitted in accordance  with Regulation S-K item
         601(b)(11) although it is contrary to paragraph 13-14 of SFAS 128
         because it produces an anti-dilutive result.

</TABLE>


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