1
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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1997 1996 1995
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Net loss $(7,187) $(4,296) $(3,320)
Deduct:
Accretion, discount and dividends
on preferred stock 1,168 999 314
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Net loss for common shareholders $(8,355) $(5,295) $(3,634)
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Weighted average number
of common shares outstanding 8,373 7,437 4,656
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Basic loss per share $ (1.00) $ (0.71) $ (0.78)
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Net loss for diluted loss
per share computation $(7,187) $(4,296) $(3,320)
Weighted average number
of common shares outstanding 8,373 7,437 4,656
Common share equivalent applicable to:
Series A convertible preferred stock 1,540 1,751 2,136
Series B convertible preferred stock 169 118
Series C convertible preferred stock 49
Series D convertible preferred stock 178
Series A warrants 100 128 157
Series D warrants 28
Other warrants 96 243 706
Stock options 1,574 1,196 746
Less common stock acquired
with net proceeds 982 597 1,545
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Weighted average number of common shares
and common share equivalent used to compute
diluted loss per share 11,125 10,276 6,856
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Diluted loss per share $(0.65) $ (0.42) $(0.48)
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