PROVIDENT AMERICAN CORPORATION EXHIBIT 11
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(In thousands except per share data) Three Months Ended September 30
1999 1998
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Primary Earnings (Loss) Per Share
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK: ($23,096) ($3,366)
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WEIGHTED AVERAGE SHARES:
Common stock 12,462 10,169
Common stock equivalents applicable to stock options and warrants
Total 12,462 10,169
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PRIMARY EARNINGS (LOSS) PER SHARE: (1.85) $ (0.33)
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Fully Diluted Earnings (Loss) Per Share
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK: (23,096) $ (3,366)
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WEIGHTED AVERAGE SHARES:
Common stock 12,462 10,169
Common stock equivalents applicable to stock options and warrants *
Total 12,462 10,169
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FULLY DILUTED EARNINGS (LOSS) PER SHARE: (1.85) $ (0.33)
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(In thousands except per share data) Nine Months Ended September 30,
1999 1998
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Primary Earnings (Loss) Per Share
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK: $(36,536) $ (3,112)
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WEIGHTED AVERAGE SHARES:
Common stock 12,021 10,131
Common stock equivalents applicable to stock options and warrants * *
Total 12,021 10,131
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PRIMARY EARNINGS (LOSS) PER SHARE: $ (3.04) $ (0.31)
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Fully Diluted Earnings (Loss) Per Share
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK: $(36,536) $ (3,112)
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WEIGHTED AVERAGE SHARES:
Common stock 12,021 10,131
Common stock equivalents applicable to stock options and warrants * *
Total 12,021 10,131
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FULLY DILUTED EARNINGS (LOSS) PER SHARE: $ (3.04) $ (0.31)
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* Anti-dilutive; therefore effects have been excluded.