Form: 10-Q

Quarterly report [Sections 13 or 15(d)]

November 12, 1997

Documents

EXHIBIT 11.1

Published on November 12, 1997



EXHIBIT 11.1


SCM Microsystems, Inc. and Subsidiaries
Statement of Computation of Net Income (Loss) Per Share
(in thousands, except per share data)





Three month Nine month
period ended period ended
September 30 September 30
---------------- -----------------
1997 1996 1997 1996
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Net income (loss) $ 334 $ 27 $ (76) $(1,219)
Accretion on redeemable convertible preferred stock (324) (72) (802) (215)
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Net income (loss) attributable to common stockholders $ 10 $ (45) $ (878) $(1,434)
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Weighted average common shares outstanding 1,866 1,280 1,733 1,280
Weighted average convertible preferred stock 4,799 2,720 4,273 2,577
Staff Accounting Bulletin No. 83 issuances and grants (1) 675 1,361 920 1,361
------ ------ ------ -------
Shares used to compute net income (loss) per share 7,340 5,361 6,926 5,218
====== ====== ====== =======

Net income (loss) per share $ 0.05 $ 0.01 $(0.01) $ (0.23)
====== ====== ====== =======

Net income (loss) per share attributable to
common stockholders $ 0.00 $(0.01) $(0.13) $ (0.27)
====== ====== ====== =======



(1) Pursuant to Securities and Exchange Commission Staff Accounting Bulletin No.
83, common stock and convertible preferred stock issued for consideration below
the assumed initial public offering (IPO) price, and stock options and warrants
granted with exercise prices below the IPO price during the twelve month period
preceding the date of the initial filing of the Registration Statement, have
been included in the calculation of common equivalent shares, using the treasury
stock method, as if they were outstanding for all periods presented.