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Exhibit 11.1
DNX CORPORATION AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF EARNINGS (LOSS) PER SHARE
Three and six months ended June 30, 1996 and 1995
(in thousands expect per share amounts)
(unaudited)
Three months ended June 30, Six months ended June 30,
1996 1995 1996 1995
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Net income (loss) $ 222 (1,143) 240 (2,550)
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Weighted average shares - Primary
Common stock 8,655 8,467 8,634 8,462
Warrants and options* 125 330 167 330
Common stock equivalents 531 - 422 -
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Total weighted average shares - Primary 9,311 8,797 9,223 8,792
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Weighted average shares - Fully Diluted
Common stock 8,655 8,467 8,634 8,462
Warrants and options* 125 330 167 330
Common stock equivalents 604 - 610 -
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Total weighted average shares - Fully Diluted 9,384 8,797 9,411 8,792
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Earnings (loss) per common and common equivalent share:
Primary $ 0.02 (0.13) 0.03 (0.29)
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Fully Diluted $ 0.02 (0.13) 0.03 (0.29)
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<FN>
* Although the effect of inclusion of stock options and warrants is
anti-dilutive, such securities have been reflected in weighted average shares
from the beginning of the earliest period presented in accordance with Staff
Accounting Bulletin (Topic 4-D).