EXHIBIT 11 VALUEVISION INTERNATIONAL, INC. AND SUBSIDIARIES Computation of Net Income (Loss) Per Common Share
Three Months Ended April 30, ---------------------------- 1998 1997 -------------- ------------- Net income (loss) $ 11,280,230 $ (1,761,237) -------------- ------------- Weighted average number of common shares outstanding 26,780,778 32,949,056 Shares assumed to be issued upon the exercise of common stock options and warrants under the treasury stock method 96,609 - -------------- ------------- Weighted average number of common and dilutive shares outstanding 26,877,387 32,949,056 -------------- ------------- Net income (loss) per common share $ 0.42 $ (0.05) -------------- ------------- Net income (loss) per common share- assuming dilution $ 0.42 $ (0.05) -------------- -------------