EXHIBIT 11.1
SCM Microsystems, Inc. and Subsidiaries
Statement Regarding Computation of Net Income (Loss) Per Share
(in thousands, except per share data)
YEAR ENDED DECEMBER 31,
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1999 1998 1997
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Net income (loss) applicable to common stockholders
(numerator), basic................................... $ 9,108 $(4,973) $1,547
Dilutive effect of Dazzle options...................... (93) -- --
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Net income (loss) applicable to common shareholders
(numerator), diluted................................. $ 9,015 $(4,973) $1,547
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Shares (denominator):
Weighted average common shares outstanding used in
computation of basic.............................. 14,082 13,253 4,394
Series A convertible preferred stock................. -- -- 655
Dilutive effect of common stock equivalents using the
treasury stock method............................. 1,004 -- 565
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Shares used in computation, diluted.................... 15,086 13,253 5,614
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Net income (loss) per share:
Basic................................................ $ 0.65 $ (0.38) $ 0.35
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Diluted.............................................. $ 0.60 $ (0.38) $ 0.28
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