Ibis Technology (IBIS) 10-K 2006 FY Annual report

Exhibit 11

IBIS TECHNOLOGY CORPORATION
STATEMENT RE:  COMPUTATION OF PER SHARE LOSS

	Years Ended December 31,
	2004						2005						2006
	Diluted			Basic			Diluted			Basic			Diluted		Basic
Income (loss) from:
Continuing operations	$	(5,641,172	)	$	(5,641,172	)	$	(9,460,547	)	$	(9,460,547	)	$	404,885	$	404,885
Discontinued operations	(5,277,369		)	(5,277,369		)	215,242			215,242			—		—
Net Income (loss)	$	(10,918,541	)	$	(10,918,541	)	$	(9,245,305	)	$	(9,245,305	)	$	404,885	$	404,885
Weighted average common shares Outstanding	10,665,842			10,665,842			10,737,924			10,737,924			10,853,304		10,853,304
Potential common share equivalents	—						—						126,479
Weighted average shares outstanding	10,665,842						10,737,924						10,979,783
Earnings (loss) per common share and common share equivalents:
Continuing operations	$	(0.53	)	$	(0.53	)	$	(0.88	)	$	(0.88	)	$	0.04	$	0.04
Discontinued operations	(0.49		)	(0.49		)	0.02			0.02			—		—
Net income (loss)	$	(1.02	)	$	(1.02	)	$	(0.86	)	$	(0.86	)	$	0.04	$	0.04