HEMACARE CORPORATION
EXHIBIT 11
Net Income (Loss) per Common and Common Equivalent Share
Three Months Ended Six Months Ended
June 30, June 30,
1999 1998 1999 1998
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BASIC
Weighted average common shares used to
compute basic earnings (loss) per share..... 7,392,238 7,281,120 7,336,679 7,239,318
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Net income (loss)............... $ 201,252 $ 50,000 $ 444,252 $ 66,000
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Basic net income (loss) per share............ $ 0.03 $ 0.01 $ 0.06 $ 0.01
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DILUTED
Weighted average common shares used to
compute basic earnings (loss) per share..... 7,392,238 7,281,120 7,336,679 7,239,318
Dilutive preferred equivalent shares......... 500,000 - 500,000 -
Dilutive common equivalent shares attri-
butable to stock options (based on
average market price)....................... 457,614 21,732 72,394 29,608
Dilutive common equivalent shares attri-
butable to warrants (based on
average market price)....................... 34,785 - 15,379 -
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Weighted average common shares and
equivalents used to compute diluted
earnings (loss) per share................... 8,384,637 7,302,852 7,924,452 7,268,926
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Net income (loss).......... $ 201,252 $ 50,000 $ 444,252 $ 66,000
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Dilutive net income (loss) per share......... $ 0.02 $ 0.01 $ 0.06 $ 0.01
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