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EPL Technologies, Inc.
Exhibit 11.0
Computation of Earnings per Common Share and
Diluted Earnings per Common Share
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EXHIBIT 11.0
EPL TECHNOLOGIES, INC.
COMPUTATION OF LOSS PER SHARE
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
SIX MONTHS ENDED THREE MONTHS ENDED
JUNE 30, JUNE 30,
1999 1998 1999 1998
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Net Loss $ (5,821) $ (2,442) $ (2,789) $ (886)
Deduct:
Accretion, discount and dividends on
preferred stock 246 2,354 122 1,003
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Net loss for common shareholders $ (6,067) $ (4,796) $ (2,911) $ (1,889)
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Weighted average number
of common shares outstanding 11,829 9,722 11,905 10,366
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Basic Loss Per Share $ (0.51) $ (0.49) $ (0.24) $ (0.18)
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Net Loss for diluted loss
per share computation $ (5,821) $ (2,442) $ (2,789) $ (886)
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Weighted average number
of common shares outstanding 11,829 9,722 11,905 10,366
Common share equivalent applicable to:
Series A convertible preferred stock 40 1,025 40 673
Series B convertible preferred stock 0
Series C convertible preferred stock 26
Series D convertible preferred stock 1,863 1,133 2,071 1,058
Series A warrants 15 24 15 12
Series D warrants 202 202 202 202
Other warrants 62 75 62 75
Stock options 316 1,808 351 1,814
Less common stock acquired with net proceeds (1,453) (1,853) (1,559) (2,128)
Weighted average number of common shares
and common share equivalents used to compute -------- -------- -------- --------
diluted loss per share 12,874 12,162 13,087 12,072
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Diluted loss per share $ (0.45) $ (0.20) $ (0.21) $ (0.07)
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