IMAGEMATRIX CORPORATION
EXHIBIT 11.2
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Allocation -
Days Calculation
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Applicable Common Shares:
Net effect of common stock - based on the treasury stock
method using the IPO price of $5.75
Shares issued during 1995 3,265,193
Less: Treasury stock assumed purchased
Net stock proceeds 1,201,000
Divided by: IPO price $5.75
---------
(208,870)
Net effect of common stock options - based on the treasury
stock method using the IPO price of $5.75:
Shares assumed issued for stock options 940,759
Less: Treasury stock assumed purchased
Options having an exercise price below IPO price 940,759
Multiplied by: Option Price $2.58
---------
2,427,158
Divided by: IPO price $5.75
---------
(422,114)
TOTAL SHARES TO BE USED IN COMPUTING ---------
INCOME PER SHARE PRIOR TO JUNE 4, 1996 3,574,968 X 155 = 554,120,034
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Total shares issued and outstanding from June 4, 1996
through June 30, 1996 4,638,772
Note: Common stock equivelants have been excluded from the
calculation from June 4, 1996 through June 30, 1996 as
these common stock equivalents are anti-dilutive
TOTAL SHARES TO BE USED IN COMPUTING ---------
INCOME PER SHARE SUBSEQUENT TO JUNE 4, 1996 4,638,772 X 27 = 125,246,844
========= --- -----------
182 679,366,878
===
Divided by 182
-----------
TOTAL WEIGHTED AVERAGE SHARES O/S-
APRIL 1 THROUGH JUNE 30, 1996 3,732,785
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