EXHIBIT 11
HEMACARE CORPORATION
NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE
Three Months Ended Nine Months Ended
September 30, September 30,
1999 1998 1999 1998
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BASIC
Weighted average common shares used to compute basic
earnings per share................................... 7,437,582 7,281,120 7,359,351 7,194,113
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Net income.................................... $ 267,000 $ 257,000 $ 715,000 $ 325,000
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Basic net income per share............................. $ 0.04 $ 0.04 $ 0.10 $ 0.05
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DILUTED
Weighted average common shares used to compute
basic earnings per share............................. 7,437,582 7,281,120 7,359,351 7,194,113
Dilutive preferred equivalent shares................... 500,000 - 500,000 -
Dilutive common equivalent shares attributable to
stock options (based on average market price)......... 396,457 - 153,644 269
Dilutive common equivalent shares attributable to
warrants (based on average market price).............. 29,493 - 5,395 -
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Weighted average common shares and equivalents used
to compute diluted earnings per share................. 8,363,532 7,281,120 8,018,390 7,194,382
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Net income.................................... $ 267,000 $ 257,000 $ 715,000 $ 325,000
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Dilutive net income per share.......................... $ 0.03 $ 0.04 $ 0.09 $ 0.05
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