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EPL Technologies, Inc.
EXHIBIT 11.0
Computation of Basic Earnings per Common Share
and Diluted Earnings per Common Share
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EXHIBIT 11.0
EPL TECHNOLOGIES, INC.
COMPUTATION OF BASIC LOSS PER COMMON SHARE AND
DILUTED LOSS PER COMMON SHARE
(in thousands except per share data)
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Twelve Months Ended December 31,
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1999 1998 1997
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Net loss $(14,240) $ (7,781) $ (7,187)
Deduct:
Accretion, discount and dividends
on preferred stock 1,203 2,754 1,168
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Net loss for common shareholders $(15,443) $(10,535) $ (8,355)
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Weighted average number
of common shares outstanding 14,222 10,599 8,373
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Basic loss per share $ (1.09) $ (0.99) $ (1.00)
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Net loss for diluted loss
per share computation $(14,240) $ (7,781) $ (7,187)
Weighted average number
of common shares outstanding 14,222 10,599 8,373
Common share equivalent applicable to:
Series A convertible preferred stock 40 531 1,540
Series B convertible preferred stock 169
Series C convertible preferred stock 49
Series D convertible preferred stock 3,615 1,238 178
Series A warrants 15 15 100
Series D warrants 202 202 28
Other warrants 62 75 96
Stock options 2,039 1,831 1,574
Less common stock acquired
with net proceeds 5,973 2,534 982
Weighted average number of common shares
and common share equivalent used to compute -------- -------- --------
diluted loss per share 14,222 11,970 11,125
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Diluted loss per share $ (1.09) $ (0.65) $ (0.65)
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