EXHIBIT 11
Page 1 of 2
INTEGRAMED AMERICA, INC.
COMPUTATION OF NET LOSS PER SHARE OF COMMON STOCK
All amounts in thousands, except per share amounts
For the For the
three-month period nine-month period
ended September 30, ended September 30,
1996 1995 1996 1995
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Primary
Net (loss) income......................................... $ (693) $ 12 $ (681) $ 18
Less: Dividends accrued on Preferred Stock............... 33 111 99 442
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Net loss applicable to Common Stock before
consideration for induced conversion of
Preferred Stock........................................ $ (726) $ (99) $ (780) $ (424)
Assumed value of Common Stock issued to induce
conversion of Preferred Stock, net of the reversal of
$973,000 of accrued Preferred Stock dividends.......... $3,292 - $ 3,292 -
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Net loss for computation.................................. $4,018) $ (99) $(4,072) $ (424)
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Net loss per share of Common Stock before
consideration for induced conversion of
Preferred Stock........................................ $(0.08) $(0.02) $ (0.11) $(0.07)
Assumed value of conversion inducement.................... $(0.38) - $ (0.47) -
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Net loss per share of Common Stock........................ $(0.46) $(0.02) $ (0.58) $(0.07)
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Weighted average number of shares of Common Stock
outstanding........................................... 8,795 6,087 7,056 6,087
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EXHIBIT 11
Page 2 of 2
INTEGRAMED AMERICA, INC.
COMPUTATION OF NET LOSS PER SHARE OF COMMON STOCK
All amounts in thousands, except per share amounts
For the For the
three-month period nine-month period
ended September 30, ended September 30,
1996 1995 1996 1995
------ ------ ------ ------
Fully Diluted
Net (loss) income......................................... $ (693) $ 12 $ (681) $ 18
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Weighted average number of shares of Common Stock
outstanding............................................ 6,785 6,087 6,381 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............................. 37 1 244 86
Shares of Common Stock issued upon assumed conversion
of 608,234 shares of Series A Preferred Stock pursuant
to July 17, 1996 conversion offer assuming Offer was
effective January 1, 1996 and 1995, respectively....... 2,433 2,433 2,433 2,433
Shares of Common Stock issued upon assumed conversion
of Series A Preferred Stock not converted pursuant
to July 17, 1996 conversion offer...................... 245 245 245 245
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Average number of shares of Common Stock and Common
Stock equivalents outstanding.......................... 9,500 8,766 9,303 8,851
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Net (loss) income per share of Common Stock and Common
Stock equivalents...................................... $(0.07) $ 0.00 $ (0.07) $ 0.00
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