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Exhibit 11
CELERITEK, INC.
COMPUTATION OF EARNINGS PER SHARE
(in thousands, except per share data)
Three months ended Six months ended
September 30, September 30,
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Primary 1996 1995 1996 1995
------ ------- ------ -------
Net income ....................................... $1,026 $ 420 $1,931 $ 599
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Common and common equivalent shares
outstanding:
Common Stock ................................. 7,009 1,786 6,981 1,780
Convertible Preferred Stock ................. -- 3,201 -- 3,201
Options ...................................... 327 257 349 257
Common and common stock equivalent shares related
to stock and option issuances in accordance with
SAB No. 55, 64, and 83 ......................... -- 258 -- 258
------ ------ ------ ------
Common and common equivalent shares used in
computing per share amounts .................... 7,336 5,502 7,330 5,496
====== ====== ====== ======
Net income per share ............................. $ 0.14 $ 0.08 $ 0.26 $ 0.11
====== ====== ====== ======
Three months ended Six months ended
September 30, September 30,
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Fully Diluted 1996 1995 1996 1995
------ ------- ------ -------
Net income ....................................... $1,026 $ 420 $1,931 $ 599
====== ====== ====== ======
Common and common equivalent shares
outstanding:
Common Stock ................................. 7,009 1,786 6,981 1,780
Convertible Preferred Stock ................. -- 3,201 -- 3,201
Options ...................................... 339 262 358 259
Common and common stock equivalent shares related
to stock and option issuances in accordance with
SAB No. 55, 64, and 83 ......................... -- 258 -- 258
------ ------ ------ ------
Common and common equivalent shares used in
computing per share amounts .................... 7,348 5,507 7,339 5,498
====== ====== ====== ======
Net income per share ............................. $ 0.14 $ 0.08 $ 0.26 $ 0.11
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