EXHIBIT 11.1
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Synbiotics Corporation
Computation of Earnings Per Share
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Three Months Ended March 31,
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1997 1996
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Primary Earnings Per Share:
Net income per statement of operations $ 830,000 $1,651,000
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Weighted average number of shares outstanding 7,485,000 5,911,000
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Primary earnings per share $ .11 $ .28
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Fully Diluted Earnings Per Share:
Net income per statement of operations $ 830,000 $1,651,000
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Reconciliation of weighted average number
of shares per primary computation above,
to amount used for fully diluted
computation:
Weighted average number of shares
outstanding, per primary computation 7,485,000 5,911,000
Add-effect of outstanding options (as
determined by the application of the
treasury method) 7,000 13,000
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Weighted average number of shares, as
adjusted 7,492,000 5,924,000
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Fully diluted earnings per share $ .11 $ .28
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