EXHIBIT 11
EMCORE CORPORATION
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(Amounts In Thousands, Except Per Share Amounts)
(Unaudited)
THREE MONTHS SIX MONTHS
ENDED MARCH 31, ENDED MARCH 31,
1997 1996 1997 1996
Weighted average shares outstanding:
Common stock 3,825 2,994 3,405 2,944
Common stock equivalents 1,444 722 1,444
Weighted average common shares and equivalents 3,825 4,438 4,127 4,438
Loss before extraordinary item ($2,894) ($823) ($6,692) ($1,708)
Extraordinary loss ( 256) ( 256)
Net loss ($3,150) ($823) ($6,948) ($1,708)
Loss before extraordinary item ($0.76) ($0.19) ($1.62) ($0.38)
Extraordinary loss ( 0.07) ( 0.07) ( 0.06)
Net loss per share ($0.82) ($0.19) ($1.68) ($0.38)
Under the provisions of Securities and Exchange Commission Staff
Bulletin No. 64 ("SAB" No. 64), common stock and common stock equivalents
issued by the company within one year or in contemplation of the Company's
offering are treated as if they were outstanding for all periods presented
prior to the IPO. After the IPO is effective, the determination of common
stock and equivalents must be determined on a basis consistent with APB
Opinion No. 15, which states "outstanding options and warrants should be
included in the EPS compuation only if they have a dilutive effect."
There is no difference between primary and fully diluted net loss
per share.