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EXHIBIT 11.1
ARQULE, INC.
STATEMENT RE COMPUTATION OF PER SHARE NET INCOME (LOSS)
Basic Net Income (Loss) Per Share
YEAR ENDED DECEMBER 31,
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1995 1996 1997
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Net income (loss) $(2,252,000) $(2,993,000) $ 291,000
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Weighted average shares outstanding:
Common Stock 284,000 2,272,000 11,282,000
Weighted average common shares outstanding 284,000 2,272,000 11,282,000
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Basic net income (loss) per share $ (7.93) $ (1.32) $ 0.03
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Diluted Net Income (Loss) Per Share
YEAR ENDED DECEMBER 31,
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1995 1996 1997
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Net income (loss) $(2,252,000) $(2,993,000) $ 291,000
Weighted average shares outstanding:
Common Stock 284,000 2,272,000 11,282,000
Stock option common stock equivalents -- -- 1,057,000
Unvested restricted common stock equivalents -- -- 55,000
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Weighted average common shares and equivalents
outstanding 284,000 2,272,000 12,394,000
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Diluted net income (loss) per share $ (7.93) $ (1.32) $ 0.02
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