EXHIBIT 11.1 ECLIPSE SURGICAL TECHNOLOGIES, INC. STATEMENT REGARDING COMPUTATION OF NET LOSS PER SHARE (IN THOUSANDS EXCEPT PER SHARE AMOUNTS) (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED -------------------- ------------------ JUNE 30, JUNE 30, --------- -------- 1996 1995 1996 1995 ------ ------ ------ ------ Weighted average common shares outstanding for the period...... 11,033 10,470 10,751 10,470 Common equivalent shares pursuant to Staff Accounting Bulletin No. 83 ................ 2,295 2,295 2,295 2,295 ------ ------ ------ ------ Shares used in per share calculations.................... 13,328 12,765 13,046 12,765 ------ ------ ------ ------ Net loss ........................ $ (730) $ (538) $ (654) $(1,198) ------ ------ ------ ------ Net loss per share .............. $ (0.05) $ (0.04) $ (0.05) $ (0.09) All share numbers reflect the Company's three-for-one stock split. There is no difference between primary and fully diluted earnings per share for each period presented.