Exhibit 11
REMOTE DYNAMICS, INC. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(in thousands, except per share)
Reorganized
Company Predecessor Company
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Two Months Ten Months Year ended Eight months Year Ended
Ended August 31, Ended June 30, August 31, ended August 31, December 31,
2004 2004 2003 2002 2001
---------------- -------------- ----------- ---------------- ------------
Net (loss) income applicable to common stockholders:
Net (loss) income $ (541) $(17,238) $(16,020) $(9,778) $34,811
Weighted average number of shares outstanding:
Weighted average number of shares outstanding,
net of treasury shares - Basic EPS 6,505 9,671 9,670 9,647 5,586
Additional weighted average shares for assumed
exercise of stock options, net of shares assumed
to be repurchased with exercise proceeds - - - - -
------- -------- -------- ------- -------
Weighted average number of shares outstanding,
net of treasury shares - Diluted EPS 6,505 9,671 9,670 9,647 5,586
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Net (loss) income per common share applicable to
common stockholders:
Basic and diluted EPS $ (0.08) $ (1.78) $ (1.66) $ (1.01) 6.23
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The securities listed below were not included in the computation of
diluted earnings per share as the effective from their conversion would have
been antidilutive:
Reorganized
Company Predecessor Company
---------------- ----------------------------------------------------------
Two Months Ten Months Year ended Eight months Year ended
ended August 31, ended June 30, August 31, ended August 31, December 31,
2004 2004 (a) 2003 2002 2001
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Restricted stock ( not vested) 450,000 - - - -
Convertible note payable 689,655
Outstanding stock options - 323,345 325,933 515,685 761,318
Outstanding warrants to purchase common stock
- 33,150 93,150 33,302 33,150
(a) All equity interests in the Predecessor Company (including but not limited
to warrants, stock options, and anti-dilutive rights), outstanding as of
the July 2, 2004 effective date of the plan of reorganization were
extinguished.