PRIMEDEX HEALTH SYSTEMS, INC. AND AFFILIATES
EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE
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Three months ended Six months ended
April April
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2003 2002 2003 2002
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BASIC
Weighted average number of common
shares outstanding used in computing
basic earnings per share 41,100,734 40,759,664 41,076,590 40,745,928
(Loss) Income available to common stockholders $ 701,000 $ 836,000 $ (1,295,000) $ 1,753,000
Basic (loss) earnings per share $ 0.02 $ 0.02 $ (0.03) $ 0.04
DILUTED
Weighted average number of common
shares outstanding used in computing
basic earnings per share 41,100,734 40,759,664 41,076,590 40,745,928
Assumed exercise of stock
options and warrants -- 4,904,471 -- 2,452,236
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41,100,734 45,664,135 41,076,590 43,198,164
(Loss) Income available to common stockholders
plus assumed conversions $ 701,000 $ 836,000 $ (1,295,000) $ 1,753,000
Diluted (loss) earnings per share $ 0.02 $ 0.02 $ (0.03) $ 0.04