EXHIBIT 11.1 CD RADIO INC. (A DEVELOPMENT STAGE ENTERPRISE) COMPUTATION OF NET LOSS PER SHARE
For the period Three months ended May 17,1990 ----------------------------- (date of inception) March 31, March 31, to March 31, 1996 1995 1996 ------------- -------------- ------------------- Net loss ($516,883) ($433,036) ($16,222,148) ============= ============== =================== Weighted average common shares outstanding 9,357,793 9,198,960 6,814,617 Net common shares issuable upon the exercise of outstanding options issued within one year of initial public offering - - 404,841 ------------- -------------- ------------------- Weighted average common shares outstanding 9,357,793 9,198,960 7,219,458 ============= ============== =================== Net loss per common share and common share equivalent ($0.06) ($0.05) ($2.25) ============= ============== ===================