EXHIBIT 11.1
CD RADIO INC. AND SUBSIDIARY
(A DEVELOPMENT STAGE ENTERPRISE)
COMPUTATION OF NET LOSS PER SHARE
FOR THE YEARS ENDED DECEMBER 31,
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1994 1995 1996
----------- ----------- -----------
Net loss.............................................. $(4,064,767) $(2,107,349) $(2,830,595)
========== ========== ==========
Weighted average common shares outstanding............ 8,109,168 9,224,431 9,642,048
Net common shares issuable upon exercise of
outstanding options issued within one year of
initial public offering............................. 288,500
----------- ----------- -----------
Weighted average common shares outstanding............ 8,397,668 9,224,431 9,642,048
========== ========== ==========
Net loss per common and common share equivalent....... $ (0.48) $ (0.23) $ (0.29)
========== ========== ==========
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