1
EPL Technologies, Inc.
Exhibit 11.0
Computation of Earnings per Common Share and
Diluted Earnings per Common Share
2
EXHIBIT 11.0
EPL TECHNOLOGIES, INC.
COMPUTATION OF LOSS PER SHARE
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
NINE MONTHS ENDED THREE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
2000 1999 2000 1999
-------- -------- -------- --------
Net Loss $(13,855) $ (8,242) $ (5,119) $ (2,420)
Deduct:
Accretion, discount and dividends on
preferred stock 1,320 353 271 107
-------- -------- -------- --------
Net loss for common shareholders $(15,174) $ (8,595) $ (5,390) $ (2,527)
======== ======== ======== ========
Weighted average number
of common shares outstanding 31,842 12,214 33,525 12,963
======== ======== ======== ========
Basic Loss Per Share $ (0.47) $ (0.70) $ (0.16) $ (0.19)
======== ======== ======== ========
Net Loss for diluted loss
per share computation $(13,855) $ (8,242) $ (5,119) $ (2,420)
======== ======== ======== ========
Weighted average number
of common shares outstanding 31,842 12,214 33,525 12,963
Common share equivalent applicable to:
Series A convertible preferred stock 30 40 10 40
Series D convertible preferred stock 0 2,435 0 3,559
Series A warrants 0 15 0 15
Series D warrants 0 202 0 202
Other warrants 5,845 62 6,551 762
Stock options 86 300 24 270
Less common stock acquired with net proceeds (2,626) (1,709) (5,045) (2,352)
Weighted average number of common shares
and common share equivalents used to compute ________ ________ ________ ________
diluted loss per share 35,177 13,559 35,065 14,759
======== ======== ======== ========
Diluted loss per share $ (0.39) $ (0.61) $ (0.15) $ (0.16)
======== ======== ======== ========