EXHIBIT 11.1
MEGABIOS CORP.
STATEMENT OF COMPUTATION OF NET LOSS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
NINE MONTHS
YEAR ENDED JUNE 30, ENDED MARCH 31,
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1994 1995 1996 1996 1997
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HISTORICAL NET LOSS PER SHARE
Net loss applicable to common
stock........................... $(2,153) $(5,429) $(6,901) $(5,496) $(2,861)
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Weighted average shares of common
stock outstanding............... 601 635 809 714 1,409
Shares related to Staff
Accounting......................
Bulletin topic 4D:
Stock options and warrants... 336 336 336 336 336
Convertible preferred stock.. 1,333 1,333 1,333 1,333 1,333
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1,669 1,669 1,669 1,669 1,669
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Shares used in computing net loss
per share....................... 2,270 2,304 2,478 2,383 3,078
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Net loss per share............... $ (0.95) $ (2.36) $ (2.78) $ (2.31) $ (0.93)
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PRO FORMA NET LOSS PER SHARE
Net loss applicable to common
stock........................... $(2,153) $(5,429) $(6,901) $(5,496) $(2,861)
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CALCULATION OF SHARES OUTSTANDING
FOR COMPUTING PRO FORMA NET LOSS
PER SHARE:
Shares used in computing net
loss per share................ 2,478 3,078
Adjustment to reflect the
effect of the assumed
conversion of preferred stock. 4,861 5,488
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Shares used in computing pro
forma net loss per share........ 7,339 8,566
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Pro forma net loss per share..... $ (0.94) $ (0.33)
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