ALLAIRE CORPORATION
EXHIBIT 11.1
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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Year ended THREE MONTHS ENDED
December 31 March 31,
1996 1997 1998 1998 1999
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Basic and diluted net loss per share:
Net loss................................... $(1,698) $(7,425) $(10,770) $(2,211) $(1,684)
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Basic and diluted weighted average
common shares outstanding............... 1,743 1,687 2,938 2,477 8,819
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Basic and diluted net loss per share....... $ (0.97) $ (4.40) $ (3.67) $ (0.89) $ (0.19)
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Year Ended
December 31 THREE MONTHS ENDED MARCH 31,
1997 1998 1998 1999
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Pro forma basic and diluted net loss per share:
Net loss.......................................... (7,425) (10,770) $(2,211) $(1,684)
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Pro forma basic and diluted weighted average
shares outstanding
Shares attributable to common stock (1)......... 2,515 3,321 2,987 8,859
Shares attributable to the assumed conversion of
convertible preferred stock upon closing of the
initial public offering........................ 2,863 3,818 3,817 898
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Pro forma basic and diluted weighted average
shares outstanding................................ 5,378 7,139 6,804 9,757
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Pro forma basic and diluted loss per share........ $ (1.38) $ (1.51) $ (0.32) $ (0.17)
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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.