1 EXHIBIT 11 CARDIOVASCULAR DYNAMICS, INC. STATEMENT REGARDING THE COMPUTATION OF NET LOSS PER SHARE (In thousands, except per share amounts) Three Months Ended March 31, ---------------------------- 1997 1996 ------- ------- Net loss ........................................................... $ (598) $ (377) ======= ======= Computations of weighted average common and common equivalent shares outstanding: Weighted average common shares outstanding ....................... 9,081 -- Shares related to staff accounting bulletin topic 4D: Stock options .................................................. -- 318 Preferred Stock Warrants (1) ................................... -- 87 Adjusted to reflect the effect of the assumed conversion of Convertible Obligation from the date of issuance ............ -- 62 Adjusted to reflect the effect of the assumed conversion of Preferred Stock from the date of issuance (Series A and B) ....................................................... -- 4,018 ------- ------- Shares used in computing net loss per share (pro forma through June 1996) ..................................................... 9,081 4,485 ======= ======= Net loss per share (pro forma through June 1996) ................. $ (0.07) $ (0.08) ======= ======= - ---------------- (1) At an assumed conversion rate of two shares of Common Stock for each share of Preferred Stock. 15