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EXHIBIT 11.1
CARDIOVASCULAR DYNAMICS, INC.
STATEMENT REGARDING THE COMPUTATION OF NET LOSS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
YEAR ENDED DECEMBER 31,
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1994 1995 1996
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Net loss...................................................... $ (971) $(2,874) $(4,624)
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Computations of weighted average Common and Common
equivalent shares outstanding:
Weighted average common shares outstanding.................. 3,487 385 4,715
Shares related to staff accounting bulletin topic 4D:
Stock options............................................ 308 308 305
Preferred Stock Warrants(1).............................. 81 81 81
Adjusted to reflect the effect of the assumed conversion of
Preferred Stock from the date of issuance (Series A and
B)....................................................... -- 3,667 2,040
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Shares used in computing net loss per share(2)................ 3,876 4,441 7,141
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Net loss per share(2)......................................... $ (0.25) $ (0.65) $ (0.65)
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(1) At an assumed conversion rate of two shares of Common Stock for each share
of Preferred Stock.
(2) Pro forma through June 30, 1996.
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