Exhibit 11 AUTOINFO, INC. AND SUBSIDIARIES Calculation of Earnings Per Share Seven Months Ended December 31, Years ended May 31, ------------ ------------------- 1995 1995 1994 ------------ ------------ ------------ Primary and Fully Diluted Earnings (Loss): Income (loss) from continuing operations $ 560,672 $(2,078,126) $ (143,236) Income (loss) from discontinued operations (28,163) 1,518,659 2,163,984 Gain on sale of discontinued operations 296,839 8,885,688 -- ----------- ----------- ----------- Earnings from operations applicable to Common Stock $ 829,348 $ 8,326,221 $ 2,020,748 ----------- ----------- ----------- Shares: Weighted average number of common shares outstanding 7,765,261 7,307,657 7,177,564 Added shares issuable from assumed exercise of options 5,656 102,891 239,157 ----------- ----------- ----------- Weighted average number of common shares as adjusted 7,770,917 7,410,548 7,416,721 ----------- ----------- ----------- Primary and Fully Diluted Earnings (Loss): From continuing operations $ .07 $ (.28) $ (.02) From discontinued operations -- .21 .29 From gain on sale of discontinued operations .04 1.19 -- ----------- ----------- ----------- Earnings per common share $ .11 $ 1.12 $ .27 =========== =========== ===========