1
Exhibit 11.1
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TERA COMPUTER COMPANY
(a development stage company)
COMPUTATION OF NET LOSS PER SHARE
TWELVE MONTHS ENDED INCEPTION
DECEMBER 31, THROUGH
------------------------------------------------------------------ DECEMBER 31,
1995 1996 1997 1997
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(As restated; (As restated; (As restated;
see note 13 see note 13 see note 13
to financial to financial to financial
statements) statements) statements)
WEIGHTED AVERAGE SHARES
OUTSTANDING 2,646,243 5,320,785 8,784,943 2,193,839
NET LOSS APPLICABLE TO
COMMON STOCK ($5,646,331) ($18,805,941) ($18,672,435) ($44,909,076)
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NET LOSS PER COMMON SHARE ($2.13) ($3.53) ($2.13) ($20.47)