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EXHIBIT 11
MITCHAM INDUSTRIES, INC.
STATEMENT RE COMPUTATION OF LOSS
PER SHARE
(IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)
THREE MONTHS ENDED
APRIL 30,
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2000 1999
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COMPUTATION OF BASIC LOSS
PER COMMON SHARE:
Net loss $ (793) $ (1,242)
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Weighted average number of common
shares outstanding 9,443,000 9,546,000
Loss per common share $ (0.08) $ (0.13)
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COMPUTATION OF LOSS PER COMMON SHARE
ASSUMING DILUTION:
Net loss $ (793) $ (1,242)
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Weighted average number of common shares outstanding 9,443,000 9,546,000
Net effect of dilutive stock options and warrants
based on the treasury stock method, using
the average market price -- --
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Common shares outstanding assuming dilution 9,443,000 9,546,000
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Loss per common share assuming dilution $ (0.08) $ (0.13)
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