EXHIBIT 11.1 YES! ENTERTAINMENT CORPORATION STATEMENT REGARDING COMPUTATION OF NET LOSS PER SHARE (in thousands, except per share amounts) Three months ended September 30, Six months ended September 30, -------------------------------- ------------------------------ 1996 1995 1996 1995 -------- -------- --------- -------- Net income (loss) $ 3,391 $ 3,080 $ 1,285 $ (817) Computation of weighted average common and common equivalent shares outstanding: Weighted average common shares outstanding 14,005 8,984 13,843 3,963 Weighted average options outstanding 454 449 341 Weighted average warrants outstanding 455 1,317 455 Common equivalent shares from stock options granted or issued during the twelve-month period prior to the Company's proposed initial public offering - 58 -------- -------- --------- -------- Shares used in computing net loss per share 14,913 10,750 14,638 4,021 ======== ======== ========= ======== Net income (loss) per share $ 0.23 $ 0.29 $ 0.09 $ (0.20) ======== ======== ========= ========