EXHIBIT 11.0
OVERLAND DATA, INC.
COMPUTATION OF PER SHARE EARNINGS
Three Months Ended
September 30,
------------------------------
1997 1996
------------ -----------
Net income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . $ 177,000 $ 325,000
------------ -----------
------------ -----------
Weighted average number of shares of
common stock outstanding. . . . . . . . . . . . . . . . . . . . . 10,457,682 5,107,155
Weighted average number of shares of
preferred stock outstanding . . . . . . . . . . . . . . . . . . . -- 2,336,573
Common stock equivalents from the
issuance of options using the
treasury stock method . . . . . . . . . . . . . . . . . . . . . . 524,844 498,260
Cheap stock effect . . . . . . . . . . . . . . . . . . . . . . . . . -- (8,333)
Cheap stock adjustment . . . . . . . . . . . . . . . . . . . . . . . -- 203,540
------------ -----------
Shares used in computing net
income (loss) per share . . . . . . . . . . . . . . . . . . . . . 10,982,526 8,137,195
------------ -----------
------------ -----------
Net income (loss) per share. . . . . . . . . . . . . . . . . . . . . $ 0.02 $0.04
------------ -----------
------------ -----------
13