Faro Technologies Inc – IPO: ‘S-1/A’ on 8/26/97 – EX-11.1

As of:  Tuesday, 8/26/97   ·   Accession #:  950144-97-9542   ·   File #:  333-32983

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Initial Public Offering (IPO):  Pre-Effective Amendment to Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1/A       Faro Technologies, Inc. Form S-1/A                    68    388K 
 2: EX-11.1     Statement Re: Computation of Per Share Earnings        1      7K 
 3: EX-23.2     Consent of Deloitte & Touche LLP                       1      5K 

EX-11.1   —   Statement Re: Computation of Per Share Earnings

EX-11.1
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                                                                    EXHIBIT 11.1

 EARNINGS PER SHARE COMPUTATIONS

NET INCOME (LOSS) PER COMMON SHARE                                              
AND COMMON EQUIVALENT SHARE:                                                    

                                                        [Enlarge/Download Table]

                                                                                                            SIX MONTHS ENDED   
                                                              YEAR ENDED DECEMBER 31,                            JUNE 30,      
                                          -------------------------------------------------------------  ----------------------
                                             1992         1993         1994         1995        1996        1996        1997   
                                          ----------   ----------   ----------   ----------  ----------  ----------  ----------
                                                                                                                               
Net income (loss)                         $ (404,376)  $ (141,256)  $ (428,154)  $1,599,657  $1,406,662  $  682,160  $1,255,608
                                          ==========   ==========   ==========   ==========  ==========  ==========  ==========
Shares:                                                                                                                        
Weighted average number of common shares                                                                                       
    outstanding (adjusted for reverse                                                                                          
      stock split)(1)                      7,000,000    7,000,000    7,000,000    7,000,000   7,000,000   7,000,000   7,000,000
Weighted average number of additional                                                                                          
    shares issuable for common stock                                                                                           
    equivalents (1995 options)(1)                 --           --           --       17,050     199,352     204,602     183,600
Weighted average number of additional                                                                                          
    shares issuable for common stock                                                                                           
    equivalents (1997 options)(2)            149,690      149,690      149,690      149,690     149,690     149,690     149,690
                                          ----------   ----------   ----------   ----------  ----------  ----------  ----------
          Adjusted common shares           7,149,690    7,149,690    7,149,690    7,166,740   7,349,042   7,354,292   7,333,290
                                          ==========   ==========   ==========   ==========  ==========  ==========  ==========

PER COMMON SHARE AND                                                                                                           
COMMON EQUIVALENT SHARE:                                                                                                       
Net income (loss)                         $    (0.06)  $    (0.02)  $    (0.06)  $     0.22  $     0.19  $     0.09  $     0.17
                                          ==========   ==========   ==========   ==========  ==========  ==========  ==========

(1)  Shares issuable were determined using the Treasury Stock Method.           
(2)  Stock options of 52,732 granted on January 1, 1997 and 140,269 granted on  
May 1, 1997 are included in the weighted average calculation.         

Dates Referenced Herein

This ‘S-1/A’ Filing		Date		Other Filings
Filed on:		8/26/97		None on these Dates
		5/1/97
		1/1/97
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