17 Exhibit 11 INDIVIDUAL, INC. COMPUTATION OF WEIGHTED AVERAGE SHARES USED IN COMPUTING LOSS PER SHARE AMOUNTS Primary Fully Diluted Supplemental Type of Security Shares Shares Shares (1) - ------------------------------------------------------------------ ----------- -------------- ------------- FOR THE THREE MONTHS ENDED MARCH 31, 1996: Common stock less shares held in treasury, beginning of period 1,713,096 1,713,096 1,713,096 Weighted average common stock issued during the period 506,690 506,690 506,690 Weighted average treasury stock repurchased during the period (476) (476) (476) Conversion of preferred stock and redeemable preferred stock into common stock (1) 921,729 921,729 7,625,210 ----------- -------------- ------------- Weighted average shares of common stock outstanding 3,141,039 3,141,039 9,844,520 =========== ============== ============= Net loss per common share ($0.95) ($0.95) ($0.25) =========== ============== ============= FOR THE THREE MONTHS ENDED MARCH 31, 1997: Common stock less shares held in treasury, beginning of period 14,413,988 14,413,988 14,413,988 Weighted average common stock issued during the period 169,475 169,475 169,475 Weighted average shares of common stock outstanding 14,583,463 14,583,463 14,583,463 =========== ============== ============= Net loss per common share ($0.32) ($0.32) ($0.32) =========== ============== ============= <FN> (1) Upon completion of the public offering on March 20, 1996, the redeemable preferred stock and preferred stock converted to 7,625,210 shares of common stock. Accordingly, the supplemental earnings per share calculation has assumed the conversion of all shares of redeemable preferred stock and preferred stock, effected for the 3-for-2 split, at the beginning of each period presented.