AUTOINFO, INC. AND SUBSIDIARIES Calculation of Earnings Per Share Exhibit 11 Three Months Ended March 31, February 28, 1996 1995 ------------ ------------ Primarily and fully diluted earnings (loss): Earnings (loss) from operations applicable to common stock: From continuing operations $ 401,549 $ (24,415) From discontinued operations -- 374,865 ----------- ----------- Net income $ 401,549 $ 350,450 ----------- ----------- Shares: Weighed average number of common shares outstanding 7,777,752 7,255,286 Add shares issuable from assumed exercise of options and warrants 6,114 93,295 ----------- ----------- Weighted average number of common shares as adjusted 7,773,861 7,348,581 Primary and fully diluted earnings per common share: From continuing operations $ .05 $ -- From discontinued operations -- .05 ----------- ----------- Net income $ .05 $ .05 ----------- ----------- 13