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EXHIBIT 11
IBIS TECHNOLOGY CORPORATION
STATEMENT RE: COMPUTATION OF PER SHARE INCOME (LOSS)
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Years Ended December 31,
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1999 2000 2001
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Basic net income (loss)........................... $ 827,129 $ (1,501,867) $ (9,594,919)
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Weighted average common shares outstanding-
basic........................................... 7,403,803 8,285,893 8,378,262
Net additional common shares upon assumed
exercise of stock options and warrants.......... 414,348 -- --
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Weighted average commons shares outstanding-
diluted......................................... 7,818,151 8,285,893 8,378,262
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Net income (loss) per common share
Basic........................................... $ 0.11 $ (0.18) $ (1.15)
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Diluted......................................... $ 0.11 $ (0.18) $ (1.15)
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