EXHIBIT 11 MECKLERMEDIA CORPORATION AND SUBSIDIARIES ----------------------------------------- STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (LOSS) ------------------------------------------------------------ (UNAUDITED) ----------- (In thousands, except per share amounts) ---------------------------------------- Three Months Ended Nine Months Ended June 30 June 30 ------------------- -------------------- 1997 1996 1997 1996 ---- ---- ---- ---- NET INCOME (LOSS) $(1,928) $ 513 $3,664 $(1,967) ======= ====== ====== ======= WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 8,512 8,448 8,501 8,405 DILUTIVE STOCK OPTIONS AND WARRANTS -- 272 272 -- ------- ------- ------ ------- TOTAL PRIMARY COMMON SHARES AND EQUIVALENTS 8,512 8,720 8,773 8,405 ======= ======= ====== ======= PRIMARY EARNINGS (LOSS) PER COMMON SHARE $ (0.23) $ 0.06 $ 0.42 $ (0.23) ======= ====== ====== ======= 16