EXHIBIT 11
RECOVERY ENGINEERING, INC.
COMPUTATION OF LOSS PER SHARE
Three months ended Nine months ended
September 30, September 30,
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1996 1995 1996 1995
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Primary:
Weighted average shares outstanding 4,323,000 4,250,000 4,301,000 4,234,000
Net effect of dilutive stock options and
warrants ) based on treasury stock
method using average market price -- -- -- --
----------- ----------- ----------- -----------
Total 4,323,000 4,250,000 4,301,000 4,234,000
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Net loss $(2,916,000) $ (85,000) $(6,559,000) $ (713,000)
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Per share amount $ (.67) $ (.02) $ (1.52) $ (.17)
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Fully diluted:
Weighted average shares outstanding 4,323,000 4,250,000 4,301,000 4,234,000
Net effect of dilutive stock options
and warrants ) based on treasury stock
method using ending market price,
if higher than average market price -- -- -- --
----------- ----------- ----------- -----------
Total 4,323,000 4,250,000 4,301,000 4,234,000
=========== =========== =========== ===========
Net loss $(2,916,000) $ (85,000) $(6,559,000) $ (713,000)
=========== =========== =========== ===========
Per share amount $ (.67) $ (.02) $ (1.52) $ (.17)
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