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EXHIBIT 11
IPL SYSTEMS, INC.
----------------
COMPUTATION OF NET LOSS PER COMMON SHARE
----------------------------------------
(Thousands of dollars except per share amounts)
Three Months Ended
------------------
June 30, June 30,
1996 1995
---------- ----------
Primary
-------
Net income (loss) $ ( 581) $ ( 389)
---------- ----------
Weighted average shares outstanding 5,613,326 5,384,519
---------- ----------
Dilutive stock options based on the
treasury stock method using average - -
market price for the period ---------- ----------
Common shares used in calculation of
net loss per share 5,613,326 5,384,519
========== ==========
Net income (loss) per share $ (0.10) $ (0.07)
========== ==========
Fully Diluted
-------------
Net income (loss) $ (581) $ (389)
========== ==========
Weighted average shares outstanding 5,613,326 5,384,519
Dilutive stock options based on the
treasury stock method using the
higher of average or period end
market price (A) 177,089 259,342
---------- ----------
Common shares used in calculation of
net loss per share 5,790,415 5,643,861
========== ==========
Net income (loss) per share $ (0.10) $ (0.07)
========== ==========
(A) This calculation is presented in accordance with Item 601 of
Regulation S-X although it is not required by Paragraph 14 of APB
Opinion No. 15.
15
2
EXHIBIT 11
(CONTINUED)
IPL SYSTEMS, INC.
----------------
COMPUTATION OF NET LOSS PER COMMON SHARE
----------------------------------------
(Thousands of dollars except per share amounts)
Six Months Ended
-----------------
June 30, June 30,
1996 1995
---------- ----------
Primary
-------
Net loss $ (351) $ (1,174)
---------- ----------
Weighted average shares outstanding 5,602,034 5,383,319
Dilutive stock options based on the
treasury stock method using average
market price for the period - -
---------- ----------
Common shares used in calculation of
net loss per share 5,602,034 5,383,319
========== ==========
Net loss per share $ (0.06) $ (0.22)
========== ==========
Fully Diluted
-------------
Net income (loss) $ (351) $ (1,174)
========== ==========
Weighted average shares outstanding 5,602,034 5,383,319
Dilutive stock options based on the
treasury stock method using the
higher of average or period end
market price (A) 163,074 303,261
---------- ----------
Common shares used in calculation of
net loss per share 5,765,108 5,687,780
========== ==========
Net income (loss) per share $ (0.06) $ (0.21)
========== ==========
(A) This calculation is presented in accordance with Item 601 of
Regulation S-X although it is not required by Paragraph 14 of APB
Opinion No. 15.
16