ARONEX PHARMACEUTICALS, INC.
Exhibit 11.1
Statement Regarding Computation of Per Share Earnings
The following reflects the information used in calculating the number of shares
in the computation of net loss per share for each of the periods set forth in
the Statements of Operations.
Average Loss
Days Shares Shares Per
Shares Outstanding X Days Outstanding Loss Share
Quarter Ended June 30, 1995: 5,232,463 53 277,320,513
5,233,599 38 198,876,743
91 476,197,256 /91 5,291,081 (1,943,000) (0.37)
Six Months Ended June 30, 1995: 5,202,476 2 10,404,951
5,214,976 2 10,429,951
5,221,604 82 428,171,528
5,232,463 4 20,929,850
5,232,463 53 277,320,513
5,233,599 38 198,876,743
181 946,133,536 /181 5,227,257 (3,952,000) (0.76)
Quarter Ended June 30, 1996: 10,847,725 5 54,238,623
10,848,023 7 75,936,158
10,849,767 3 32,549,301
10,851,626 1 10,851,626
10,858,605 2 21,717,209
10,862,095 1 10,862,095
10,962,004 4 43,848,014
10,962,593 2 21,925,185
10,965,241 1 10,965,241
10,965,939 6 65,795,631
10,967,993 5 54,839,963
10,972,354 2 21,944,708
10,977,354 7 76,841,478
10,978,310 4 43,913,240
10,983,980 1 10,983,980
10,989,215 1 10,989,215
13,992,587 1 13,992,587
13,996,077 6 83,976,459
13,996,949 1 13,996,949
14,446,949 5 72,234,745
14,453,492 5 72,267,460
14,456,109 1 14,456,109
14,465,806 2 28,931,612
14,472,786 1 14,472,786
14,473,658 3 43,420,974
14,478,658 1 14,478,658
14,481,500 3 43,444,499
14,483,680 1 14,483,680
14,484,059 2 28,968,118
14,485,899 3 43,457,696
14,488,079 3 43,464,237
14,526,802 1 14,526,802
91 1,128,775,033 /91 12,404,121 (2,327,000) (0.19)
Continued
WOD01:1996.1
ARONEX PHARMACEUTICALS, INC.
Exhibit 11.1
Contnued
Average Loss
Days Shares Shares Per
Shares Outstanding X Days Outstanding Loss Share
Six Months Ended June 30, 1996: 10,847,725 1 10,847,725
10,848,023 5 54,240,113
10,849,767 7 75,948,369
10,851,626 3 32,554,877
10,858,605 1 10,858,605
10,862,095 2 21,724,189
10,962,004 1 10,962,004
10,962,593 4 43,850,370
10,965,241 2 21,930,482
10,965,939 1 10,965,939
10,967,993 6 65,807,955
10,927,354 5 54,861,770
10,977,354 2 21,954,708
10,978,310 7 76,848,170
10,983,980 4 43,935,920
10,989,215 1 10,989,215
13,992,587 1 13,992,587
13,996,077 1 13,996,077
13,996,949 6 83,981,694
14,446,949 1 14,446,949
14,453,492 5 72,267,460
14,456,109 5 72,280,545
14,465,806 1 14,465,806
14,472,786 2 28,945,571
14,473,658 1 14,473,658
14,478,658 3 43,435,974
14,481,500 1 14,481,500
14,483,680 3 43,451,040
14,484,059 1 14,484,059
14,485,899 2 28,971,797
14,488,079 3 43,464,237
14,526,802 3 43,580,405
10,380,056 1 10,380,056
10,390,003 10 103,900,030
10,409,608 4 41,638,432
10,418,676 2 20,837,351
10,478,786 1 10,478,786
10,046,458 3 30,139,374
10,598,792 1 10,598,792
10,678,561 2 21,357,121
10,680,653 1 10,680,653
10,680,903 3 32,042,709
10,710,132 4 42,840,526
10,718,504 6 64,311,024
10,727,170 4 42,908,678
10,728,565 1 10,728,565
10,729,263 1 10,729,263
10,729,394 7 75,105,758
10,731,487 19 203,898,253
10,742,559 7 75,197,913
10,771,115 2 21,542,230
10,775,477 2 21,550,954
10,776,991 4 43,107,962
10,784,842 1 10,784,842
10,812,921 1 10,812,921
10,832,546 2 21,665,092
10,847,725 2 21,695,449
182 2,097,932,497 /182 11,527,102 (4,400,000)(0.38)