Exhibit 11
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS
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NET LOSS PER SHARE
Net loss per share is calculated as follows:
(in thousands) THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
2000 1999 2000 1999
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Net loss $ (2,763) $ (6,121) $ (5,226) $ (9,723)
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BASIC:
Weighted average common shares outstanding 10,177 9,988 10,142 9,972
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Net loss per common share $ (0.27) $ (0.61) $ (0.52) $ (0.98)
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DILUTED:
Weighted average common shares outstanding 10,177 9,988 10,142 9,972
Effect of dilutive securities:
Convertible notes - - - -
Stock options - - - -
Warrants - - - -
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Weighted average common and common
equivalent shares outstanding 10,177 9,988 10,142 9,972
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Net loss per common and common
equivalent share $ (0.27) $ (0.61) $ (0.52) $ (0.98)
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