Cerprobe Corporation
Computation of Net Earnings (Loss) Per Share
Exhibit 11
(Unaudited)
Three Months Ended
March 31,
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1997 1996
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Net income (loss) $ (4,894,633) $ 1,006,221
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Weighted average common shares outstanding 6,292,662 4,152,588
Common equivalent shares:
Shares issuable upon exercise
of stock options (1) 0 309,145
Convertible preferred stock 0 601,463
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Total weighted average shares-primary 6,292,662 5,063,196
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Fully diluted incremental shares:
Stock options (calculated using the higher
of end of period or average market value) 0 2,374
Convertible subordinated debentures 0 579,779
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Total weighted average shares-fully diluted 6,292,662 5,645,349
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Primary net income per common and
common equivalent share $ (0.78) $ 0.20
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Fully diluted net income per common and
common equivalent share $ (0.78) $ 0.18
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(1) Amount calculated under the treasury stock method and fair market values for
stock