1 EXHIBIT 11.1 TRITEAL CORPORATION STATEMENT REGARDING CALCULATION OF NET INCOME (LOSS) PER SHARE Three Months Ended June 30, ---------------------------------- 1997 1996 ---------------------------------- (Amounts in thousands, except per share data) Net income (loss) .......................................... $ 223 $ (990) ======= ====== Average common shares outstanding ......................... 10,839 3,493 Adjustments to reflect requirements of the Securities and Exchange Commission (Effect of SAB 83) ..................................... -- 2,492 Effect of assumed conversion of Series A convertible preferred shares from date of issuance .................. -- 727 Common equivalent shares from outstanding stock options and warrants (1) ............................................ 1,013 -- ------- ------ Adjusted shares outstanding ............................... 11,852 6,712 ======= ====== Net income (loss) per share (2)........................... $ .02 $ (.15) ======= ====== (1) Common equivalent shares are excluded from the computation for loss periods, as their effect is antidulitive, except that, pursuant to SAB 83, common shares and common equivalent shares issued during the 12 months prior to the Company's June 1996 initial public offering have been included in the calculation as outstanding for all periods prior to the initial public offering. (2) Fully diluted net income per share for the three months ended June 30, 1997 has not been presented because the effect is not material.