EXHIBIT 11.1
INFONAUTICS, INC.
Computation of Earnings Per Share
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
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1997 1996 1997 1996
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Net loss applicable to common shares.......................... $(4,138,942) $(2,602,100) $(9,365,041) $(5,617,420)
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Weighted average number of shares
outstanding during the period............................... 9,491,600 7,735,700 9,491,600 5,804,600
Incremental shares calculated per SAB Topic 4:D............... -- 699,600 -- 1,399,200
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Total weighted average number of common
and equivalent shares outstanding........................... 9,491,600 8,435,300 9,491,600 7,203,800
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Net loss per common equivalent share (1)...................... $ (.44) $ (.31) $ (1.00) $ (.78)
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(1) Fully diluted net loss per share has not been presented separately, as the
amounts would not be materially different from primary net loss per share.