EXHIBIT 11.1
THERMATRIX INC.
STATEMENTS OF COMPUTATION OF PRO FORMA COMMON
SHARES AND EQUIVALENTS
(IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
THREE MONTHS ENDED
MARCH 31,
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1995 1995 1996
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Net Loss........................................ $(5,194) $(1,353) $(1,243)
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Weighted average common shares outstanding...... 86 64 129
Weighted average common equivalent shares:
Weighted average preferred stock outstanding.. 4,169 4,169 4,169
Adjustments to reflect requirements of the
Securities and Exchange
Commission's Staff Accounting Bulletin No. 83:
Preferred Stock Issuances..................... 284 284 284
Preferred Stock Warrants...................... 17 17 17
Common Stock Option Grants.................... 350 350 350
Additional preferred stock issuances if an
initial public offering is
completed by July 15, 1996 (1)............... 814 814 814
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Pro forma total weighted average common shares
and equivalents................................ 5,720 5,698 5,763
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Pro forma net loss per share.................... $ (0.91) $ (0.24) $ (0.22)
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(1)See Note 6 and Note 10 of Notes to the Consolidated Financial Statements.