EXHIBIT 11
RIMAGE CORPORATION
COMPUTATION OF NET EARNINGS PER SHARE OF COMMON STOCK
Net earnings per common share is determined by dividing the net earnings by
the weighted average number of shares of common stock and common share
equivalents outstanding. The following is a summary of the weighted average
common shares outstanding and common share equivalents:
Three months ended Six months ended
June 30, June 30,
1996 1995 1996 1995
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Shares Outstanding at
beginning of period 3,069,000 1,950,000 3,051,000 1,950,000
Common stock issued in merger
with Dunhill Software Services 0 1,100,000 0 1,100,000
Shares Outstanding at
beginning of period 3,069,000 3,050,000 3,051,000 3,050,000
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Common stock issued in stock
option exercise 15,500 0 33,500 0
Shares Outstanding at
end of period 3,084,500 3,050,000 3,084,500 3,050,000
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Weighted average shares
of common stock outstanding 3,073,253 3,050,000 3,064,937 3,050,000
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**Common stock equivalents 397,453 846,455 397,453 846,455
Weighted average shares of
common stock equivalents 19,708 18,677 43,183 20,778
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Weighted average shares of
common stock and
stock equivalents 3,092,961 3,068,677 3,108,120 3,070,778
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Net Earnings (loss) ($897,359) ($258,775) ($849,884) ($85,676)
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Net earnings (loss) per share ($0.29) ($0.08) ($0.27) ($0.03)
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** Included as common stock equivalents are 540,000 warrants which expired
on July 20, 1995