Exhibit 11 XIONICS DOCUMENT TECHNOLOGIES, INC. CALCULATION OF NET INCOME (LOSS) PER SHARE FOR THE THREE AND NINE MONTH PERIODS ENDED MARCH 31, 1996 AND 1997 Three Months Ended Nine Months Ended --------------------- --------------------- March 31, March 31, March 31, March 31, 1997 1996 1997 1996 --------- --------- --------- --------- Net Income (Loss) $(2,998,978) $350,901 $(772,547) $(2,275,847) Reconciliation of average number of shares outstanding to amount used in net income (loss) per share computation: Weighted average number of shares outstanding 10,630,541 8,409,936 9,542,882 8,316,543 Assumed exercise of stock options 1,997,016 - Weighted average number of shares outstanding, ---------- ---------- ---------- ---------- as adjusted 10,406,952 Net Income (Loss) per share $(0.28) $0.03 $(0.08) $(0.27) ---------- ---------- ---------- ----------