EXHIBIT 11
INTEGRAMED AMERICA, INC.
COMPUTATION OF NET LOSS PER SHARE OF COMMON STOCK
All amounts in thousands, except per share amounts
For three-month For the six-month
period ended June 30, period ended June 30,
1996 1995 1996 1995
Primary
Net income................................................ $ 85 $ 128 $ 11 $ 6
Less: Dividends accrued on Preferred Stock............... 155 166 309 331
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Adjusted net (loss)....................................... $ (70) $ (38) $ (298) $ (325)
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Weighted average number of shares of Common Stock
outstanding........................................... 6,267 6,087 6,177 6,087
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Net loss per share of Common Stock........................ $(0.01) $(0.01) $(0.05) $(0.05)
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Fully Diluted
Net income................................................ $ 85 $ 128 $ 11 $ 6
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Weighted average number of shares of Common Stock
outstanding............................................ 6,267 6,087 6,177 6,087
Add: Common equivalent shares (determined using the
"treasury stock" method) representing incremental shares
issuable upon assumed exercise of options and warrants
using average market price............................. 450 35 525 32
Shares of Common Stock issued upon assumed conversion of
Series A Preferred Stock............................... 1,122 979 1,122 979
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Average number of shares of Common Stock and Common
Stock equivalents outstanding.......................... 7,839 7,101 7,824 7,098
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Net income per share of Common Stock and Common
Stock equivalents...................................... $ 0.01 $ 0.02 $ 0.00 $ 0.00
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