COMPUTATION OF NET INCOME (LOSS) PER SHARE
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EXHIBIT 11.1
SONUS PHARMACEUTICALS, INC.
COMPUTATION OF NET INCOME (LOSS) PER SHARE
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
June 30, June 30,
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1997 1996 1997 1996
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<S> <C> <C> <C> <C>
Net income (loss) $ 405,593 $ 980,922 $ 1,761,780 $(3,726,782)
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Weighted average shares outstanding 8,555,566 8,461,220 8,543,616 8,455,550
Net effect of common stock
equivalents using the
treasury stock method 869,717 629,725 918,228 --
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Shares used in computation of net
income (loss) per share 9,425,283 9,090,945 9,461,844 8,455,550
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Net income (loss) per share $ 0.04 $ 0.11 $ 0.19 $ (0.44)
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</TABLE>
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