EXHIBIT 11.1
Cyberian Outpost, Inc.
Computation of Loss per Share
Three Months Ended Years Ended
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February 28, February 28, February 28, February 28,
1998 1999 1998 1999
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(In thousands, except per share data)
Basic:
Net loss.................. $(4,458) $(7,814) $(7,092) $(25,220)
Accumulated dividends on
Redeemable Series C
Convertible Preferred
Stock.................... -- -- -- (613)
Accretion on Redeemable
Series C Convertible
Preferred Stock.......... -- -- -- (210)
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Net loss applicable to
common stockholders...... $(4,458) $(7,814) $(7,092) $(26,043)
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Basic weighted average
shares outstanding....... 6,680 22,748 6,633 15,886
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Basic loss per share...... $ (0.67) $ (0.34) $ (1.07) $ (1.64)
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Diluted:
Net loss applicable to
common stockholders...... $(4,458) $(7,814) $(7,092) $(25,220)
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Basic weighted average
shares outstanding....... 6,680 22,748 6,633 15,886
Net effect of dilutive
stock options and war-
rants based on the trea-
sury stock method........ -- -- -- --
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Diluted weighted average
shares outstanding....... 6,680 22,748 6,633 15,886
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Diluted loss per share.... $ (0.67) $ (0.34) $ (1.07) $ (1.64)
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Pro forma basic and dilut-
ed:
Pro forma net loss appli-
cable to common
stockholders............. $(4,458) $(7,814) $(7,092) $(25,220)
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Basic and diluted pro
forma weighted average
shares
outstanding.............. 9,276 22,748 8,260 20,312
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Basic and diluted pro
forma loss per share..... $ (0.48) $ (0.34) $ (0.86) $ (1.24)
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