Novoste Corporation Exhibit 11
Computation of Net Loss Per Share
PRIMARY
Three Months Ended Six Months Ended
June 30, June 30,
------------------- -------------------
1996 1995 1996 1995
---- ---- ---- ----
Weighted average number of
shares of common stock
outstanding during the year ... 5,744,241 3,531,501 4,927,140 3,426,915
Effect of dilutive common stock
equivalents outstanding during
the year....................... -- -- -- --
Effect of common stock issued
and stock options and warrants
granted during the 12-month
period preceding April 11,
1996(1)........................ -- 1,194,411 597,205 1,194,411
Elimination of duplicative
effect of including the same
shares in both amounts
above.......................... -- (26,548) (434,634) (14,660)
----------- ----------- ----------- -----------
Total common and common
equivalent shares.............. 5,744,241 4,699,364 5,089,711 4,606,666
=========== =========== =========== ===========
Net loss....................... $(1,273,326) $ (877,862) $(2,483,987) $(1,505,405)
=========== =========== =========== ===========
Net loss per share............. $ (0.22) $ (0.19) $ (0.49) $ (0.33)
=========== =========== =========== ===========
FULLY DILUTED
Three Months Ended Six Months Ended
June 30, June 30,
------------------- -------------------
1996 1995 1996 1995
---- ---- ---- ----
Weighted average number of
shares of common stock
outstanding during the year ... 5,744,241 3,531,501 4,927,140 3,426,915
Effect of dilutive common stock
equivalents outstanding during
the year....................... -- -- -- --
Effect of common stock issued
and stock options and warrants
granted during the 12-month
period preceding April 11,
1996(1)........................ -- 1,194,411 597,205 1,194,411
Elimination of duplicative
effect of including the same
shares in both amounts
above ......................... -- (26,548) (434,634) (14,660)
----------- ----------- ----------- -----------
Total common and common
equivalent shares.............. 5,744,241 4,699,364 5,089,711 4,606,666
=========== =========== =========== ===========
Net loss....................... $(1,273,326) $ (877,862) $(2,483,987) $(1,505,405)
=========== =========== =========== ===========
Net loss per share............. $ (0.22) $ (0.19) $ (0.49) $ (0.33)
=========== =========== =========== ===========
(1) Pursuant to Securities and Exchange Commission Staff Accounting Bulletin No.
83, Common Stock issued and stock options and warrants granted at prices below
the initial public offering price per share during the 12-month period
immediately preceding the initial filing date of the Company's Registration
Statement for its initial public offering have been included as outstanding for
all periods presented during the treasury stock method.
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