Exhibit 11.0 BTU INTERNATIONAL, INC. CALCULATION OF NET LOSSE PER COMMON AND COMMON EQUIVALENT SHARE (Dollars in thousands, except share and per share data) For the Three Months Ended For the Six Months Ended ------------------------------- --------------------------- June 30, July 1, June 30, July 1, 2002 2001 2002 2001 - ------------------------------------------------------------------------------------------------------- Net loss $ (1,465) $ (1,568) $ (2,766) $ (1,491) - ------------------------------------------------------------------------------------------------------- Net loss applicable to common stockholders $ (1,465) $ (1,568) $ (2,766) $ (1,491) ======================================================================================================= Weighted average number of shares outstanding: Basic Shares 6,870,244 6,966,509 6,855,551 6,952,798 Effect of Dilutive Options 0 0 0 0 - ------------------------------------------------------------------------------------------------------- Diluted Shares 6,870,244 6,966,509 6,855,551 6,952,798 ======================================================================================================= Earnings per Share Basic $ (0.21) $ (0.23) (0.40) $ (0.21) Diluted $ (0.21) $ (0.23) (0.40) $ 0.21) =======================================================================================================