IGEN INTERNATIONAL, INC.
FORM 10-Q
FOR THE QUARTER ENDED DECEMBER 31, 1998
EXHIBIT 11.1
STATEMENT RE: COMPUTATION OF NET INCOME PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED NINE MONTHS ENDED
DECEMBER 31, DECEMBER 31,
1998 1997 1998 1997
----------- ------------- ------------- ---------------
Weighted average number of common shares outstanding 15,322 15,157 15,306 15,082
----------- ------------- ------------- ---------------
Net loss $ (3,242) $ (3,039) $ (9,562) $ (8,996)
Plus accrued Series B convertible preferred stock dividend (493) - (1,465) -
----------- ------------- ------------- ---------------
Loss attributable to common shareholders $ (3,735) $ (3,039) $ (11,027) $ (8,996)
----------- ------------- ------------- ---------------
----------- ------------- ------------- ---------------
Loss per share - basic and diluted $ (0.24) $ (0.20) $ (0.72) $ (0.60)
----------- ------------- ------------- ---------------
----------- ------------- ------------- ---------------
19