SUMMIT MEDICAL SYSTEMS, INC. EXHIBIT 11.1
Computation of Earnings Per Share
(Unaudited)
Three Months Ended
March 31,
1997 1996
(RESTATED)
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PRIMARY EARNINGS PER SHARE:
Weighted average shares outstanding 10,347,575 8,503,767
Net effect of dilutive stock options--based
on the treasury stock method - -
------------------------
10,347,575 8,503,767
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Net loss $(4,498,047) $ (251,404)
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Net loss per share $ (0.43) $ (0.03)
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FULLY DILUTED EARNINGS PER SHARE:
Weighted average shares outstanding 10,347,575 8,503,767
Net effect of dilutive stock options--based
on the treasury stock method - -
------------------------
10,347,575 8,503,767
========================
Net loss $(4,498,047) $ (251,404)
========================
Net loss per share $ (0.43) $ (0.03)
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