Exhibit 11.1
SBE, INC.
COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE YEARS ENDED OCTOBER 31
YEARS ENDED OCTOBER 31
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1996 1995 1994
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PRIMARY EARNINGS PER SHARE:
Net (loss) income ($9,624,503) ($4,567,971) $1,336,308
Average number of common shares
outstanding during the year 2,131,593 2,054,570 2,021,143
Assumed issuance of stock under the
employee and non-employee stock
option plans (a) (a) 77,932
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Weighted average common shares 2,131,593 2,054,570 2,099,075
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Primary (loss) earnings per share ($4.51) ($2.22) $0.64
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FULLY DILUTED EARNINGS PER SHARE:
Average number of common shares
outstanding during the year 2,131,593 2,054,570 2,021,143
Assumed issuance of stock under the
employee and non-employee stock
option plans (a) (a) 86,439
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Weighted average common shares 2,131,593 2,054,570 2,107,582
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Fully diluted (loss) earnings per share ($4.51) ($2.22) $0.63
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(a) In loss years common share equivalents would have an anti dilutive effect
on (loss) per share and therefore have been excluded.
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