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EXHIBIT 11
CARDIOVASCULAR DYNAMICS, INC.
STATEMENT REGARDING THE COMPUTATION OF NET LOSS PER SHARE
(In thousands, except per share amounts)
Three Months Ended Six Months Ended
June 30, June 30,
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1997 1996 1997 1996
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Net loss............................................. $ (589) $ (770) $(1,187) $(1,147)
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Computations of weighted average common and
common equivalent shares outstanding:
Weighted average common shares outstanding......... 9,105 1,146 9,093 573
Shares related to staff accounting bulletin
topic 4D:
Stock options.................................... -- 318 -- 318
Preferred Stock Warrants (1)..................... -- 87 -- 87
Adjusted to reflect the effect of the assumed
conversion of convertible obligation from
the date of issuance............................. -- 54 -- 58
Adjusted to reflect the effect of the assumed
conversion of Preferred Stock from the date
of issuance (Series A and B)..................... -- 4,160 -- 4,080
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Shares used in computing net loss per share
(pro forma for the three and six months ended
June 30, 1996)................................... 9,105 5,765 9,093 5,116
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Net loss per share (pro forma for the three
and six months ended June 30, 1996).............. $ (0.06) $ (0.13) $ (0.13) $ (0.22)
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(1) At an assumed conversion rate of two shares of Common Stock for each share
of Preferred Stock.