EXHIBIT 11.1
CARDIMA, INC.
COMPUTATION OF NET LOSS PER SHARE
(in thousands, except per share data)
(unaudited)
Three months ended Six months ended
June 30, June 30,
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1997 1996 1997 1996
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Historical:
Weighted average common shares outstanding 2,277 72 1,175 71
Shares related to Staff Accounting Bulletins Nos. 55,
64 and 83:
Stock options - 632 316 632
Preferred Stock - 2,357 1,179 2,357
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Total shares used in calculating net loss per share 2,277 3,061 2,670 3,060
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Net Loss $(2,761) $(1,627) $(5,087) $(3,147)
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Net loss per share $ (1.21) $ (0.53) $ (1.91) $ (1.03)
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Pro forma:
Shares used in calculating net loss per share (per above) 2,277 3,061 2,670 3,060
Preferred Stock if converted 2,444 3,370 2,908 3,253
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Total shares used in calculating pro forma net loss per share 4,721 6,431 5,578 6,313
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Net Loss $(2,761) $(1,627) $(5,087) $(3,147)
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Pro forma net loss per share $ (0.58) $ (0.25) $ (0.91) $ (0.50)
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