DANNINGER MEDICAL TECHNOLOGY, INC. AND SUBSIDIARY
EXHIBIT 11
COMPUTATION OF NET INCOME PER SHARE
For the three month periods ending June 30, 1996 and 1995
- ---------------------------------------------------------------------------------------------------------------
Three Months Ended June 30, Six Months Ended June 30,
1996 1995 1996 1995
- ---------------------------------------------------------------------------------------------------------------
Weighted average number of common
shares outstanding 4,728,974 4,683,490 4,720,108 4,584,440
Shares issuable pursuant to
stock option plans and stock warrants,
less shares assumed repurchased at
the average market prices 272,885 231,175 261,028 291,522
--------- --------- --------- ---------
Weighted average shares outstanding,
including common stock equivalents 5,001,859 4,914,665 4,981,136 4,875,962
--------- --------- --------- ---------
--------- --------- --------- ---------
Net income
$ 146,000 $ 3,000 $ 283,000 $ 157,000
--------- --------- --------- ---------
--------- --------- --------- ---------
Net income per share $.03 $.00 $.06 $.03
---- ---- ---- ----
---- ---- ---- ----
- ---------------------------------------------------------------------------------------------------------------
Note: The application of the higher of quarter-end or year end market prices in
calculating fully-diluted earnings per share does not result in a change
to the calculation of primary earnings per share.