EXHIBIT 11
EQUIMED, INC.
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
(in thousands, except per share amounts)
Three months
ended
March 31,
1996 1997
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Primary:
Weighted average common 25,045 28,035
shares outstanding
Net effect of dillutive stock
options and warrants-
based on the treasury
stock method using
average market price 282 --
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Weighted average common share
and equivalent outstanding 25,327 28,035
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Net Income (loss) 381 2,802
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Net income per share 0.02 0.10
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Fully Diluted:
Weighted average common
shares outstanding 25,045 28,035
Net effect of dillutive stock
options and warrants-
based on the treasury
stock method using
average market price 282 --
--------- --------
Weighted average common share
and equivalent outstanding 25,327 28,035
--------- --------
Net Income (loss) 381 2,802
--------- --------
Net income per share 0.02 0.10
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