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, 1998 1997 1998 1997 -------- -------- -------- -------- Net Loss $ (3,679) $ (4,667) $ (1,237) $ (1,671) Deduct: Accretion, discount and dividends on preferred stock 2,619 411 265 92 -------- -------- -------- -------- Net loss for common shareholders $ (6,298) $ (5,078) $ (1,502) $ (1,763) ======== ======== ======== ======== Weighted average number of common shares outstanding 10,305 8,150 11,452 8,630 ======== ======== ======== ======== Basic Loss Per Share $ (0.61) $ (0.62) $ (0.13) $ (0.20) ======== ======== ======== ======== Net Loss for diluted loss per share computation $ (3,679) $ (4,667) $ (1,237) $ (1,671) ======== ======== ======== ======== Weighted average number of common shares outstanding 10,305 8,150 11,452 8,630 Common share equivalent applicable to: Series A convertible preferred stock 695 1,570 46 1,476 Series B convertible preferred stock 207 1 Series C convertible preferred stock 17 32 72 Series D convertible preferred stock 1,282 1,576 Series A warrants 18 109 8 95 Series D warrants 202 202 Other warrants 75 98 75 112 Stock options 1,783 1,555 1,735 1,437 Less common stock acquired with net proceeds (2,180) (1,139) (3,266) (930) Weighted average number of common shares and common share equivalents used to compute ______ ______ ______ ______ diluted loss per share 12,197 10,582 11,829 10,893 ======== ======== ======== ======== Diluted loss per share $ (0.30) $ (0.44) $ (0.10) $ (0.15) ======== ======== ======== ========