Exhibit 11
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)
-----------------------------------------------------------------------
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
1999 1998 1999 1998
------- ------- ------- -------
Basic and diluted net loss per share:
Net loss ................................................... (2,913) (3,821) (5,529) (7,886)
------- ------- ------- -------
Basic and diluted weighted average common shares outstanding 11,372 3,512 10,449 3,317
------- ------- ------- -------
Basic and diluted net loss per share ....................... $ (0.26) $ (1.09) $ (0.53) $ (2.38)
------- ------- ------- -------
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
1999 1998 1999 1998
------- ------- ------- -------
Pro forma basic and diluted net loss per share:
Net loss ............................................................. (2,913) (3,821) (5,529) (7,886)
------- ------- ------- -------
Pro forma basic and diluted weighted average shares outstanding:
Shares attributable to common stock (1) ............................ 11,372 3,937 10,467 3,785
Shares attributable to the assumed conversion of convertible
preferred stock upon closing of the initial public offering ...... -- 3,817 449 3,817
------- ------- ------- -------
Pro forma basic and diluted weighted average shares outstanding ...... 11,372 7,754 10,916 7,602
------- ------- ------- -------
Pro forma basic and diluted loss per share ........................... $ (0.26) $ (0.49) $ (0.51) $ (1.04)
------- ------- ------- -------
(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.
21