EXHIBIT 11
RECOVERY ENGINEERING, INC.
COMPUTATION OF LOSS PER SHARE
Three months ended Six months ended
June 30, June 30,
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1996 1995 1996 1995
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Primary:
Weighted average shares outstanding 4,319,000 4,243,000 4,290,000 4,225,000
Net effect of dilutive stock options and
warrants -- based on treasury stock
method using average market price -- -- -- --
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Total 4,319,000 4,243,000 4,290,000 4,225,000
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Net loss $(1,722,000) $ (901,000) $(3,643,000) $ (628,000)
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Per share amount $ (.40) $ (.21) $ (.85) $ (.15)
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Fully diluted:
Weighted average shares outstanding 4,319,000 4,243,000 4,290,000 4,225,000
Net effect of dilutive stock options
and warrants -- based on treasury stock
method using ending market price,
if higher than average market price -- -- -- --
----------- ----------- ----------- -----------
Total 4,319,000 4,243,000 4,290,000 4,225,000
=========== =========== =========== ===========
Net loss $(1,722,000) $ (901,000) $(3,643,000) $ (628,000)
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Per share amount $ (.40) $ (.21) $ (.85) $ (.15)
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