20 				INDIVIDUAL, INC. Exhibit 11 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 JUNE 30, 1996: Common stock less shares held in treasury, beginning of period. 13,264,725 13,264,725 13,264,725 Weighted average common stock issued during the period. . . . . 466,468 466,468 466,468 Weighted average treasury stock repurchased during the period . (404) (404) (404) -------------- -------------- ------------- Weighted average shares of common stock outstanding. . . . 13,730,789 13,730,789 13,730,789 ============== ============== ============= Net loss per common share. . . . . . . . . . . . . . . . . ($2.78) ($2.78) ($2.78) ============== ============== ============= FOR THE THREE MONTHS ENDED JUNE 30, 1997: Common stock less shares held in treasury, beginning of period. 15,946,582 15,946,582 15,946,582 Weighted average common stock issued during the period. . . . . 29,608 29,608 29,608 Weighted average shares of common stock outstanding . . . . . 15,976,190 15,976,190 15,976,190 ============== ============== ============= Net loss per common share . . . . . . . . . . . . . . . . . . ($0.37) ($0.37) ($0.37) ============== ============== ============= 								 Primary Fully Diluted Supplemental Type of Security . . . . . . . . . . . . . . . . . . . . . . . . . Shares Shares Shares (1) - ------------------------------------------------------------------ -------------- -------------- ------------- FOR THE SIX MONTHS ENDED JUNE 30, 1996: Common stock less shares held in treasury, beginning of period. 2,813,035 2,813,035 2,813,035 Weighted average common stock issued during the period. . . . . 1,901,327 1,901,327 1,901,327 Weighted average treasury stock repurchased during the period . (801) (801) (801) Conversion of preferred stock and redeemable preferred stock into common stock (1). . . . . . . . . . . . . . . . . . . . 4,273,470 4,273,470 7,625,210 -------------- -------------- ------------- Weighted average shares of common stock outstanding. . . . 8,987,030 8,987,030 12,338,771 ============== ============== ============= Net loss per common share. . . . . . . . . . . . . . . . . ($4.51) ($4.51) ($3.29) ============== ============== ============= FOR THE SIX MONTHS ENDED JUNE 30, 1997: Common stock less shares held in treasury, beginning of period. 15,689,633 15,689,633 15,689,633 Weighted average common stock issued during the period. . . . . 228,016 228,016 228,016 Weighted average shares of common stock outstanding . . . . . 15,917,649 15,917,649 15,917,649 ============== ============== ============= Net loss per common share . . . . . . . . . . . . . . . . . . ($0.67) ($0.67) ($0.67) ============== ============== ============= <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.