Exhibit 11.1
LANDEC CORPORATION
STATEMENT REGARDING COMPUTATION OF NET LOSS PER SHARE
(In thousands, except per share data)
Three Months Ended April 30, Six Months Ended April 30,
1996 1995 1996 1995
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Net Loss $ (267) $ (914) $ (1,515) $ (1,923)
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Shares used in calculating net loss per share:
Weighted average shares of common stock
outstanding 8,874 542 4,713 541
SEC Staff Accounting Bulletin Topic 4D - 640 - 640
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Total shares used in calculating net loss per 8,874 1,182 4,713 1,181
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Net loss per share $ (0.03) $ (0.77) $ (0.32) $ (1.63)
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Shares used in calculating supplemental net loss
per share:
Weighted average shares of common stock
outstanding 8,874 542 4,713 541
Weighted average shares of the assumed
conversion of preferred stock and
promissory notes from the date of issuance 1,142 6,553 3,996 6,519
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Total shares used in calculating supplemental net
loss per share 10,016 7,095 8,709 7,060
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Supplemental net loss per share $ (0.03) $ (0.13) $ (0.17) $ (0.27)
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