EXHIBIT 11
LASERSIGHT INCORPORATED
COMPUTATION OF PER SHARE EARNINGS
SIX MONTHS ENDED JUNE 30, 2000 AND 1999
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<CAPTION> Three Months Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC AND DILUTED
Weighted average shares outstanding 20,340,000 16,155,000 19,787,000 14,794,000
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Net loss $ (2,114,861) (3,450,662) (4,873,813) (6,771,026)
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Basic loss per share $ (0.10) (0.21) (0.25) (0.46)
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ADDITIONAL DILUTED CALCULATION
Net loss, above $ (2,114,861) (3,450,662) (4,873,813) (6,771,026)
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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
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Weighted average number of shares,
adjusted 23,964,000 22,221,000 24,203,000 20,279,000
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Diluted loss per share, adjusted (A) $ (0.09) (0.16) (0.20) (0.33)
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(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.
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