Exhibit 11.0 BTU INTERNATIONAL, INC. CALCULATION OF NET LOSS 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 29, June 30, June 29, June 30, 2003 2002 2003 2002 - ------------------------------------------------------------------------------------------- Net loss $(1,863) $(1,465) $(3,636) $(2,766) - ------------------------------------------------------------------------------------------- Net loss applicable to common stockholders $(1,863) $(1,465) $(3,636) $(2,766) =========================================================================================== Weighted average number of shares outstanding: Basic Shares 7,002,578 6,870,244 7,002,578 6,855,551 Effect of Dilutive Options 0 0 0 0 - ------------------------------------------------------------------------------------------- Diluted Shares 7,002,578 6,870,244 7,002,578 6,855,551 =========================================================================================== Loss per Share =========================================================================================== Basic $(0.27) $(0.21) (0.52) $(0.40) Diluted $(0.27) $(0.21) (0.52) $(0.40)