Exhibit 11
ALPHAREL, INC.
STATEMENT RE COMPUTATION OF NET INCOME (LOSS) PER SHARE
(Unaudited)
(In thousands except per share data)
For the three months For the nine months
ended September 30, ended September 30,
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1995 1994 1995 1994
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Net income (loss) per consolidated
financial statements $ 229 $ (63) $ 881 $ 255
Primary net income (loss) per share:
Weighted average common shares 14,057 13,743 13,892 13,709
Common stock equivalents:
Common stock options 796 - 425 249
Common stock warrants 140 - 47 -
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Weighted average shares outstanding 14,993 13,743 14,364 13,958
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Fully diluted net income (loss) per share:
Weighted average common shares 14,057 13,743 13,892 13,709
Common stock equivalents:
Common stock options 796 - 425 249
Common stock warrants 140 - 47 -
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Weighted average shares outstanding 14,993 13,743 14,364 13,958
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Net income (loss) per share:
Primary $ .02 $ - $ .06 $ .02
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Fully diluted $ .02 $ - $ .06 $ .02
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