ALLAIRE CORPORATION
EXHIBIT 11
STATEMENT RE: COMPUTATION OF UNAUDITED NET LOSS PER SHARE
AND PRO FORMA NET LOSS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
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THREE MONTHS ENDED
MARCH 31,
1999 1998
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Basic and diluted net loss per share:
Net loss $(1,684) $(2,211)
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Basic and diluted weighted average
common shares outstanding 8,819 2,477
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Basic and diluted net loss per share $ (0.19) $ (0.89)
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THREE MONTHS ENDED MARCH 31,
1999 1998
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Pro forma basic and diluted net loss per share:
Net loss $(1,684) $(2,211)
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Pro forma basic and diluted weighted average shares
outstanding
Shares attributable to common stock (1) 8,859 2,987
Shares attributable to the assumed conversion of
convertible preferred stock upon closing of the
initial public offering 898 3,817
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Pro forma basic and diluted weighted average shares outstanding 9,757 6,804
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Pro Forma basic and diluted loss per share $ (0.17) $ (0.32)
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(1) Includes outstanding common stock subject to repurchase under a stock
restriction agreement which lapsed upon the consummation of the initial public
offering in January 1999.