Comarco (CMRO) 10-Q 2003 Q2 Quarterly report

EXHIBIT 11

SCHEDULE OF COMPUTATION OF NET INCOME (LOSS) PER SHARE

	Three Months Ended July 31,					Six Months Ended July 31,
	2002			2001		2002			2001
Basic:
Net income (loss) before cumulative effect of accounting change	$	(6,725	)	$	1,614	$	(7,263	)	$	2,621
Weighted average shares outstanding		6,972			7,055		6,970			7,059
Basic income (loss) per share before cumulative effect of accounting change	$	(0.96	)	$	0.23	$	(1.04	)	$	0.37
Cumulative effect of accounting change	$	—		$	—	$	(2,926	)	$	—
Weighted average shares outstanding		6,972			7,055		6,970			7,059
Basic loss per share from cumulative effect of accounting change	$	—		$	—	$	(0.42	)	$	—
Net income (loss)	$	(6,725	)	$	1,614	$	(10,189	)	$	2,621
Weighted average shares outstanding		6,972			7,055		6,970			7,059
Basic income (loss) per share	$	(0.96	)	$	0.23	$	(1.46	)	$	0.37

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EXHIBIT 11

SCHEDULE OF COMPUTATION OF NET INCOME (LOSS) PER SHARE

	Three Months Ended July 31,						Six Months Ended July 31,
	2002			2001			2002			2001
Diluted:
Net income (loss) before cumulative effect of accounting change	$	(6,725	)	$	1,614		$	(7,263	)	$	2,621
Effect of subsidiary options		—			(77	)		—			(121	)
Net income used in calculation of diluted income (loss) per share before cumulative effect of accounting change	$	(6,725	)	$	1,537		$	(7,263	)	$	2,500
Weighted average shares outstanding		6,972			7,055			6,970			7,059
Effect of dilutive securities—stock options		—			103			—			102
Weighted average shares used in calculation of diluted income (loss) per share before cumulative effect of accounting change		6,972			7,158			6,970			7,161
Diluted income (loss) per share before cumulative effect of accounting change	$	(0.96	)	$	0.21		$	(1.04	)	$	0.35
Cumulative effect of accounting change	$	—		$	—		$	(2,926	)	$	—
Effect of subsidiary options		—			—			—			—
Net loss used in calculation of diluted loss per share from cumulative effect of accounting change	$	—		$	—		$	(2,926	)	$	—
Weighted average shares outstanding		6,972			7,055			6,970			7,059
Effect of dilutive securities—stock options		—			103			—			102
Weighted average shares used in calculation of diluted loss per share from cumulative effect of accounting change		6,972			7,158			6,970			7,161
Diluted loss per share from cumulative effect of accounting change	$	—		$	—		$	(0.42	)	$	—
Net income (loss)	$	(6,725	)	$	1,614		$	(10,189	)	$	2,621
Effect of subsidiary options		—			(77	)		—			(121	)
Net income used in calculation of diluted income (loss) per share	$	(6,725	)	$	1,537		$	(10,189	)	$	2,500
Weighted average shares outstanding		6,972			7,055			6,970			7,059
Effect of dilutive securities—stock options		—			103			—			102
Weighted average shares used in calculation of diluted income (loss) per share		6,972			7,158			6,970			7,161
Diluted income (loss) per share	$	(0.96	)	$	0.21		$	(1.46	)	$	0.35

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