Exhibit No. 11
CNS, INC.
Computation of Net Income per Share of Common Stock
(unaudited)
Three months ended March 31,
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1997 1996
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NET INCOME
Income from continuing operations $ 1,321,493 $ 3,100,937
Loss from discontinued operations 0 0
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Net income $ 1,321,493 $ 3,100,937
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PRIMARY EARNINGS PER SHARE:
Weighted average number of common and common
equivalent shares outstanding:
Weighted average common shares outstanding 19,205,000 17,446,000
Incentive stock options 520,000 709,000
Non qualified stock options 319,000 399,000
Warrants 0 75,000
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20,044,000 18,629,000
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Earnings per share from continuing operations $ .07 $ .17
Loss per share from discontinued operations .00 .00
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Primary earnings per share $ .07 $ .17
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FULLY DILUTED EARNINGS PER SHARE
Weighted average number of common and
common equivalent shares outstanding:
Weighted average common shares outstanding 19,205,000 17,446,000
Incentive stock options 520,000 756,000
Non qualified stock options 319,000 426,000
Warrants 0 78,000
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20,044,000 18,706,000
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Earnings per share from continuing operations $ .07 $ .17
Loss per share from discontinued operations .00 .00
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Fully diluted earnings per share $ .07 $ .17
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